Canadian Copper Refocuses with $2.1M Asset Sale

Canadian Copper, Inc. (TSE:CCI) has released an update.

Canadian Copper, Inc. has finalized deals to sell its Chester and Turgeon Project rights for a combined total of $2.1 million in cash and shares, directing its attention to the development of their Murray Brook West property. The strategic move, outlined by CEO Simon Quick, aims to concentrate resources on the Murray Brook deposit without diluting shareholder value. These transactions with Raptor Resources Ltd. also involve certain conditional payments and share issuances, dependent on Raptor’s stock exchange listings.

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