Nevada Copper Corp. filed a preliminary prospectus for approximately US$80 million to advance its preproduction-stage Pumpkin Hollow property in Nevada.
The company said June 28 that the public offering is expected to be priced at 60 cents per common share, with the syndicate of underwriters including National Bank Financial Inc., BMO Capital Markets, RBC Capital Markets and Scotiabank.
Nevada Copper aims to start construction of an underground mine at Pumpkin Hollow shortly and is also working to optimize the planned open pit on the property, looking to reduce CapEx.
In January, the company raised about C$128.2 million for underground development at the site.
