Gunnison Copper Corp (TSX:GCU, OTCQB:GCUMF, FRA:3XS0) submitted certification to the DOE confirming its Arizona mine met the requirements for a $13.9 million Section 48C tax credit, a federal program supporting domestic critical minerals production, marking a step toward monetizing the non-dilutive funding. The submission confirms the project has met requirements under the company's 48C application, including placing eligible assets into service and commencing production at its Johnson Camp Mine in Arizona in 2025.
Gunnison Copper Corp (TSX:GCU, OTCQB:GCUMF, FRA:3XS0) has settled its outstanding convertible debentures in cash rather than allowing conversion into common shares, eliminating a major source of shareholder dilution. The move prevents the issuance of about 28.9 million common shares to Greenstone Excelsior Holdings LP and Greenstone Resources LP, strengthening the company's capital structure, Gunnison said.
Gunnison Copper Corp (TSX:GCU, OTCQB:GCUMF, FRA:3XS0) has announced plans for a district-wide drilling program at its Gunnison copper project, including the Strong & Harris satellite deposit, in Arizona's Cochise Mining District. The company said the program has been fully contracted and committed, with drill rig mobilization expected to begin this month.
| Metals & Mining Industry | Materials Sector | Craig Hallworth CEO | OTC PINK Exchange | 402880108 CUSIP |
| CA Country | 106 Employees | - Last Dividend | - Last Split | - IPO Date |