tiprankstipranks
Nevada Copper Announces Stalking Horse Asset Sale
Company Announcements

Nevada Copper Announces Stalking Horse Asset Sale

Story Highlights

Nevada Copper (TSE:NCU) has released an update.

Don't Miss our Black Friday Offers:

Nevada Copper Corp. has agreed to sell most of its assets to Southwest Critical Materials LLC for $128 million, amidst ongoing Chapter 11 bankruptcy proceedings. The deal, set as a ‘stalking horse’ bid to set the minimum price in an active auction process, could be superseded by higher offers from other bidders before the September 6 deadline. Meanwhile, the company’s shares are to be delisted from the Toronto Stock Exchange as of August 21, 2024.

For further insights into TSE:NCU stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskNevada Copper Shareholders Approve All Resolutions
TipRanks Canadian Auto-Generated NewsdeskNevada Copper Advances Through Bankruptcy
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App