Nevada Copper Corp. (TSX:NCU) provided an update on the financing process at its Pumpkin Hollow Copper Project in Yerington, Nevada.
As quoted in the press release:
When combined with treasury, sunk costs to date as it relates to the production sized head-frame and hoist (completed in April 2013) and current development on the 2,140 foot, 24 foot diameter concrete lined production sized shaft, Nevada Copper has a majority of its project capital financing in place. The balance of any additional funding required for Stage 1 will not be required until Q3-2014 which will allow sufficient time to consider all available financing alternatives.
With the goal of minimizing dilution to our shareholders, the Company has also been reviewing all financing alternatives including additional partnership, joint venture and off-take opportunities to provide funding for both Stage 1 and Stage 2 of the Pumpkin Hollow Copper Project.