World Copper Receives DTC Eligibility
NR-21-24 October 18, 2021
World Copper Receives DTC Eligibility
FOR IMMEDIATE RELEASE...Vancouver, British Columbia: World Copper Ltd. (" World
Copper" or the "Company"; TSXV: WCU, OTCQB: WCUFF) announces that its common shares
are now eligible for book- entry and depository services of the Depository Trust Company
("DTC"), to facilitate electronic clearing and settlement of transfers in the United States. World
Copper currently trades on the OTCQB under the ticker symbol WCUFF.
DTC is a subsidiary of The Depository Trust & Clearing Corp. which manages the electronic
clearing and settlement of publicly traded companies in the United States. Securities that are
eligible to be electronically cleared and settled through DTC are considered DTC eligible. This
electronic method of clearing securities accelerates the settlement process for investors and
brokers, enabling a security to be traded over a much wider selection of brokerage firms.
World Copper CEO, Nolan Peterson, stated, "Receiving the DTC eligibility for World Copper is
an excellent step forward and will now allow the Company to facilitate the trading, and efficient
electronic transfer, of our common shares for U.S. investors and brokerage firms. This not only
allows for faster execution of trades and improved liquidity of our common shares , but will also
help to broaden our US investors base."
ABOUT WORLD COPPER LTD.
World Copper Ltd., headquartered in Vancouver, BC, is a Canadian resource company focused
the exploration and development of its copper porphyry projects: Escalones and Cristal in Chile,
and Zonia in Arizona. Two of these projects have estimated resources with significant
soluble copper mineralization, and there ar e at least two other copper porphyry targets with
exciting potential to expand the resource base. The Zonia project is being acquired as part of the
previously announced merger transaction with Cardero Resource Corp. Please refer to news
releases dated June 9th, 2021 and April 20th, 2021 for more details and for the current status of the
transaction.
About Escalones
The Escalones porphyry-skarn copper-gold project has estimated inferred resources of 426 million
tonnes of 0.367% total copper within the oxidized zone, based on nearly 25,000m of drill core
from 53 holes. The 3.45 billion pounds of copper should be amenable to heap leaching with an
average recovery of 71%. The Company is focused on exploring the Mancha Amarilla target
immediately to the so uth of the existing resource. In addition, three significant
hydrothermal alteration zones, each measuring between 2,000m and 3,000m in diameter, lie 8-
10km to the north of the main discovery.
Mineral resources are not mineral reserves and do not have demonstrated economic viability as
there is no certainty that all or any part of the resources will be converted into reserves. Inferred
World Copper Ltd. - 2 - October 18, 2021
NR 21-24 Continued
resources are that part of a mineral resource for which quantity and grade or quality are estimated
on the basis of li mited geological evidence and sampling. It is reasonably expected that the
inferred resources could be upgraded to indicated resources with continued exploration.
About Zonia
The Zonia project is in Yavapai County, Arizona, and consists of 261 mineral c laims and
additional surface rights, all totaling 4,279.55 acres. It is a near-surface, copper-oxide resource and
a brownfields site having already been mined in the late 1960s and '70s. The Project is at the PEA
level and has been significantly de -risked with over 50,000 metres of drilling completed to date
and with substantial amounts of detailed engineering completed. Further details can be found here.
The World Copper team has a unique skill in navigating the mining sector within Chile, with some
members having worked in the country for more than 40 years and with discovery success.
On Behalf of the Board of Directors of
WORLD COPPER LTD.
"Nolan Peterson"
Nolan Peterson
Chief Executive Officer
For further information, or to schedule a Zoom meeting with Management, please contact:
For further information, please contact: Henk van Alphen or Michael Pound
Phone: 604-638-3665
E-mail: [email protected]
Media inquiries: Nancy Thompson, Vorticom, Inc.
Phone: 212-532-2208 or 917-371-4053
Investor relations inquiries: John Liviakis,
Liviakis Financial Communications Inc.
415-389-4670
Follow Us:
Twitter: https://twitter.com/WorldCopperLtd
Facebook: https://www.facebook.com/WorldCopperLtd
LinkedIn: https://www.linkedin.com/company/worldcopperltd
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this news release.
World Copper Ltd. - 3 - October 18, 2021
NR 21-24 Continued
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward -looking statements and forward- looking information (collectively, "forward-
looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United
States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact,
included herein including, without limitation, the Company's expectation that it and Cardero will be able to complete
the Proposed Transaction, including entering into a Definitive Agreement, the closing and amount of the Private
Placement, that Zonia can be advanced utilizing low -cost open pit mining and heap leach, the results of the PEA,
including, without limitation the NPV6%, IRR, estimated costs, average rate of production, the anticipated exploration
program results from exploration activities and the anticipated business plans and timing of future activities of the
Company, including the timing for the closing of the Proposed Transaction, are forward-looking statements. Although
the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove
to be correct. Forward -looking statements are typically identified by words such as: "believes", "expects",
"anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations
of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may,
could, would, might or will occur or be taken or achieved. In making the forward- looking statements in this news
release, the Company has applied several material assumptions, including without limitation, that it will be able to
negotiate and enter into a Definitive Agreement, and that it will obtain TSXV acceptance and the required corporate
approvals of the Proposed Transaction and the Consolidation, that there will be investor interest in the Private
Placement, market fundamentals will result in sustained copper and precious met als demand and prices, the receipt
of any necessary permits, licenses and regulatory approvals in connection with the future development of the
Company's projects in a timely manner, the availability of financing on suitable terms for the development,
construction and continued operation of such projects and the ability to comply with environmental, health and safety
laws.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to differ materially from any future results, performance
or achievements expressed or implied by the forward- looking information. Such risks and other factors include,
among others, requirements for additional capital, actual results of exploration activities, including on the Escalones
Project and the Cristal Project, the reasonability of the economic assumptions at the basis of the results of the PEA
for the Zonia Project, the estimation or realization of mineral reserves and mineral resources, future prices of copper,
changes in general economic conditions, changes in the financial markets and in the demand and market price for
commodities, lack of investor interest in the Private Placement, accidents, labour dispute s and other risks of the
mining industry, delays in obtaining governmental approvals (including acceptance of the Proposed Transaction, the
Private Placement and the Consolidation by the TSXV), permits or financing or in the completion of development or
construction activities, risks relating to epidemics or pandemics such as COVID -19, including the impact of
COVID-19 on the Company's business, financial condition and results of operations, changes in laws, regulations
and policies affecting mining operations, title disputes, the timing and possible outcome of any pending litigation,
environmental issues and liabilities, as well as the risk factors described in the Company's annual and quarterly
management's discussion and analysis and in other filings made by the Company with Canadian securities regulatory
authorities under the Company's profile at www.sedar.com.
Readers are cautioned not to place undue reliance on forward- looking statements. The Company undertakes no
obligation to update any of the forward- looking statements in this news release or incorporated by reference herein,
except as otherwise required by law.