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Kutcho Copper Corp ( (TSE:KC) ) has provided an announcement.
Kutcho Copper Corp. announced it will receive approximately $800,000 in refunds from the Canada Revenue Agency (CRA) following a successful appeal against the previous reassessment of tax returns for its subsidiary, Kutcho Copper Holdings Inc. The resolution, which involves GST refunds, mining exploration tax credits for 2020, and accrued interest, concludes a multi-year review process with the CRA, potentially enhancing the company’s financial standing and supporting its ongoing development efforts.
More about Kutcho Copper Corp
Kutcho Copper Corp. is a Canadian resource development company focused on the development of the Kutcho high-grade copper-zinc project in northern British Columbia. The company is committed to social responsibility and environmental standards, having recently completed a feasibility study and is in the process of advancing permitting for construction.
YTD Price Performance: 47.37%
Average Trading Volume: 84,940
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$23.49M
See more insights into KC stock on TipRanks’ Stock Analysis page.
