Section 363 Sales Process Remains Ongoing
YERINGTON, Nev., Aug. 12, 2024 /CNW/ - Nevada Copper Corp. (TSX:NCU.TO) (OTC:NEVDF) (FSE:ZYTA) today announced that it and its subsidiaries (collectively, "Nevada Copper" or the "Company") have entered into an asset purchase agreement (the "Stalking Horse APA") with Southwest Critical Materials LLC (the "Buyer"), an affiliate of Kinterra Capital Corp., pursuant to which the Buyer has agreed to purchase substantially all of the assets of the Company. The purchase price under the Stalking Horse APA is US$128 million plus the Buyer's obligation to pay certain cure costs with an adjustment for the assumption of certain liabilities.
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