Allied Copper Corp. (TSX-V: CPR, OTCQB: CPRRF) (the “Company” or
“Allied Copper”), is pleased to provide our first CEO letter to
investors and shareholders.
Dear Investors and
Shareholders:
Following the long-awaited completion of the RTO
to acquire the strategically significant SK project, I am proud to
welcome and thank all investors and shareholders for their support
of our strategy and team.
Allied Copper Board of Directors and Management
are committed to and will strive to create maximum shareholder
value. We will do this by making a series of sound acquisitions and
judiciously allocate development capital to increase their value.
We will work diligently to try and make that a reality. The goal
and commitment of the Company is to achieve discovery, then
delineate an economic, mineable copper resource and then develop
that resource.
Allied Copper Corp. will always aim to be a good
corporate citizen and will follow all local and environmental
regulations of the jurisdictions we are working in. Directors and
Management of the company are acutely aware of ESG initiatives and
the importance of compliancy, that will be addressed in due
time.
With the electrification and EV revolution upon
us, copper demand is continuing to soar. Global shifts and
catalysts driving the demand for copper is significantly
outstripping current supplies. Copper supply needs to be
replenished by new discoveries and ultimately new mines. It is with
this backdrop that Allied Copper was formed and has attracted such
a strong base of shareholders and this truly excites us for the
future of our company.
Allied Copper Corp. is well funded and is ready
to continue moving forward with our exploration program on SK
property, for the rest of 2021 and well into 2022.
With the work that has been carried out up to
this point by our consulting geological team, it is my opinion that
Allied Copper represents an attractive investment opportunity
within the copper exploration sector. The Company will continue to
assess future potential acquisitions and complimenting further
acquisitions, we will be completing our field work planning for the
SK project in preparation for an anticipated Q1 2022 Phase 1 drill
program.
Allied Copper will be attending the
American Exploration and Mining Association (AEMA) Conference Dec.
7 to Dec.10 2021, Sparks, NV (Nugget Casino and Resort), Booth
#842. The AEMA Conference is the second largest and longest running
annual mining convention in the
USA.Highlights
Western USA copper focus
- Approx. $5.9 million in the
Treasury
- Tight Capital Share Structure
- SK Property: widespread potential
porphyry mineralization and early stage work complete
including;
- April 2021: Completed additional
staking for SK Property, Nevada
- July 2021: Completed soil sampling
field work on SK Property
- November 2021: Completed RTO
transaction, anticipate receiving soil sample results
- Strong asset acquisition pipeline
under late stage evaluation in tier one jurisdictions
In closing, Allied Copper Corp. is well financed
and is poised to tackle the challenges of a changing world. A world
that will need to meet the growing demand of copper, now and in the
future.
Sincerely, with Regards,
Richard L. Tremblay (Pres., CEO &
Director)
About Allied Copper
Allied Copper Corp. (“Allied Copper”) (TSX-V:
CPR) (OTCQB: CPRRF) headquartered in Vancouver, BC Canada is a
mineral exploration company focused on acquiring and developing
long life, scalable copper-gold assets in the Western United
States. The Company’s strategy is to focus on low cost and
potential high growth operations in low-risk jurisdictions. Allied
Copper’s management is committed to operating efficiently and with
transparency in all areas of the business. Investors and/or Readers
may sign up for updates on the Company’s website:
www.alliedcoppercorp.com
Qualified Person
Cam Bartsch (P. Geo.) is the “Qualified Person”
as defined by National Instrument 43-101 Standards of Disclosure
for Mineral Projects who has reviewed and approved the technical
information that is contained within this news release.
On behalf of the Board of Directors of
Allied Copper Corp.,Mr. Warner UhlExecutive Chairman
Contact Information
For Investor Relations inquiries or further
information, please contact:
Richard L. TremblayPres., CEO and DirectorCell:
(604) 250-4853E-mail: rtremblay@alliedcoppercorp.com
Forward Looking Statements - Safe
HarbourThis news release includes certain “Forward-Looking
Statements” within the meaning of the United States Private
Securities Litigation Reform Act of 1995 and “forward-looking
information” under applicable Canadian securities laws. When used
in this news release, the words “anticipate”, “believe”,
“estimate”, expect”, “target”, “plan”, “forecast”, “may”, “would”,
“could”, “schedule” and similar words or expressions, identify
forward-looking statements or information.
Forward-looking statements and forward-looking
information relating to any future mineral production, liquidity,
enhanced value and capital markets profile of Allied Copper Corp.,
future growth potential for Allied Copper and its business, and
future exploration plans are based on management’s reasonable
assumptions, estimates, expectations, analyses and opinions, which
are based on management’s experience and perception of trends,
current conditions and expected developments, and other factors
that management believes are relevant and reasonable in the
circumstances, but which may prove to be incorrect. Assumptions
have been made regarding, among other things, the price of copper
and other metals; no escalation in the severity of the COVID-19
pandemic; costs of exploration and development; the estimated costs
of development of exploration projects; Allied Copper’ ability to
operate in a safe and effective manner and its ability to obtain
financing on reasonable terms.
This news release contains “forward-looking
information” within the meaning of the Canadian securities laws.
Statements, other than statements of historical fact, may
Constitute forward looking information and include, without
limitation, statements about: anticipated timing and content of
upcoming work programs, geological interpretations, receipt of
property titles, and potential copper recovery processes;
anticipated dates for receipt of permits, approvals and other
milestones; anticipated Results of drilling programs, feasibility
studies and other analyses; anticipated availability and terms of
future financing; future production, operating and capital costs;
and operating or financial performance. Information concerning
potential contingent copper resource estimates also may be deemed
to be forward-looking information in that it reflects a prediction
of the copper bearing zones that would be encountered if a copper
structure were developed and produced. With respect to the
forward-looking information contained in this news release, the
Company has made numerous assumptions regarding, among other
things, the geological, metallurgical, engineering, financial and
economic advice that the Company has received is reliable and are
based upon practices and methodologies which are consistent with
industry standards. While the Company considers these assumptions
to be reasonable, these assumptions are inherently subject to
significant uncertainties and contingencies. Additionally, there
are known and unknown risk factors which could cause the Company’s
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the forward-looking information contained
herein. Known risk factors include, among others: fluctuations in
commodity prices and currency exchange rates; uncertainties
relating to interpretation of well results and the geology,
continuity and grade of copper deposits; uncertainty of estimates
of capital and operating costs, recovery rates, production
estimates and estimated economic return; the need for cooperation
of government agencies in the exploration and development of
properties and the issuance of required permits; the need to obtain
additional financing to develop properties and uncertainty as to
the availability and terms of future financing; the possibility of
delay in exploration or development programs or in construction
projects and uncertainty of meeting anticipated program milestones;
uncertainty as to timely availability of permits and other
governmental approvals; increased costs and restrictions on
operations due to compliance with environmental and other
requirements; increased costs affecting the metals industry and
increased competition in the metals industry for properties,
qualified personnel, and management. All forward-looking
information herein is qualified in its entirety by this cautionary
statement, and the Company disclaims any obligation to revise or
update any such forward-looking information or to publicly announce
the result of any revisions to any of the forward-looking
information contained herein to reflect future results, events or
developments, except as required by law.
Allied Copper (TSXV:CPR)
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