Twitter Facebook LinkedIn YouTube

Feature Company: Universal Copper Ltd. (TSXV:UNV)

Video Platform Video Management Video Solutions Video Player

Universal Copper just completed the acquisition of 100% of Poplar Copper Corporation by issuing 10 million shares to the shareholders of Poplar Copper.

Additional Information:

Company: Universal Copper Ltd.
Website: http://www.universalcopper.com
Stock Symbol: TSXV: UNV
Date Published: Jul 19, 2021
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

Today’s feature company is Universal Copper Ltd., a Canadian-based copper exploration company trading on the TSX Venture Exchange under the symbol “UNV”.

The company just completed the acquisition of 100% of Poplar Copper Corporation by issuing 10 million shares to the shareholders of Poplar Copper.

Poplar Copper holds an 18,000-hectare claim block surrounding Universal’s 39,000-hectare flagship Poplar Project, increasing the company’s land position by approximately 45% to 57,000 hectares.

The Poplar Project, only 88 kilometers southwest of Houston, British Columbia and 400 kilometers to the deep-water port at Prince Rupert, is bisected by a hydro electric line, and accessible by road, making year-round possible.

The property is located in a historic mining region, 35 kilometers from the Huckleberry Mine and 42 kilometers from Equity Silver.

The company is well funded having recently raised gross proceeds of $1,437,000 from the placement of 4.5 million flow-through units priced at $0.11 per unit, and 9,420,000 regular units priced at $0.10 per unit.

Both units consisted of 1 share and 1 warrant with the warrant exercisable at $0.14 for 24 months.

Clive Massey, President and CEO, stated: "We are extremely pleased to have the continued support of the investment community, and this financing will put us in a strong financial position, allowing us to continue with advancing the Poplar project in the months ahead. The Poplar exhibits significant exploration potential to expand the size of the current Indicated and Inferred resource. We are looking forward to executing and concluding a successful exploration programme in the near future. With the adoption rates of Electric Vehicles and related technologies continuing to increase, not to mention the electrification of emerging economies worldwide, management sees this as an ideal time for one to leverage investments in the copper sector."

Historic diamond drilling on Poplar consisted of 39,648 meters in 147 holes and resulted in an estimated historic 43-101 resource of 131 million tonnes at 0.31% copper, 0.009% molybdenum, 0.09 grams per tonne gold and 2.39 grams per tonne silver in the Indicated category and 132 million tonnes at 0.27% copper, 0.005% molybdenum, 0.07 grams per tonne gold and 3.75 grams per tonne silver in the Inferred category.

Management has many years of experience in exploration, finance and running public companies and believes the Poplar Copper Project is one of the most advanced pre-production copper projects in British Columbia and that it can be significantly increased by both expansion of mineralization, to the west and at depth, and by defining new resources at a number of outlying exploration targets.

The company has identified 9 prospective targets for follow up and plans a systematic evaluation over next 12 to 18 months.

Copper Pond, the area covered in the historic resource calculation, is a high priority target.

The shares are trading at $0.09.

For more information, please visit the company’s website www.universalcopper.com, contact Clive Massey, President and CEO, at 604-644-6794 or email info@universalcopper.com.

If you like this video, please subscribe to our channel.

I’m Cassandra Bolinski for Investmentpitch Media