$GCU.TO

Gunnison Copper Appoints Bjorn Meyer as COO

Gunnison Copper (GCU.TO) appointed Bjorn Meyer as chief operating officer, it said Friday.Meyer, who succeeds Robert Winton, recently served as president of Cripple Creek & Victor Mining Company, an SSR Mining (SSRM.TO) operation, said the company.Before that, he was vice president of operations and executive director of innovation and growth at Panasonic Energy Corp. North America, according to Gunnison Copper. He has also had a 20-year career with ASARCO, it added."Bjorn is a highly respected mining executive with extensive operational experience in Arizona's copper industry and a proven ability to lead large teams, drive operational excellence, and safely deliver results," said Chief Executive Officer Craig Hallworth.Scott Harrell has been promoted to vice president, people, the company added.

Gunnison Copper Closes its Oversubscribed C$34.5 Million Bought Deal Public Offering

Gunnison Copper (GCU.TO) closed its previously announced bought deal public offering, pursuant to which the company sold around 82.1 million common shares, including the full exercise of the over-allotment option granted by the company of around 10.7 million common shares, at a price of C$0.42 each for gross proceeds of approximately C$34.5 million.The offering was conducted by a syndicate of underwriters led by Canaccord Genuity Corp, as sole bookrunner, on behalf of a syndicate of underwriters that included Paradigm Capital Inc, as co-lead underwriter with Canaccord Genuity, and Ventum Financial Corp and CIBC Capital Markets, said the company.The net proceeds of the offering will be used to advance the company's Gunnison Copper Project in Arizona, as well as for working capital and general corporate purposes.The offering remains subject to the final approval of the Toronto Stock Exchange.The company's shares were last seen unchanged at $0.46 on the Toronto Stock Exchange.

Gunnison Copper Approved for the Arizona Commerce Authority's Qualified Facility Tax Credit Program

Gunnison Copper (GCU.TO) on Wednesday said it received approval under the Arizona Commerce Authority's (ACA) Qualified Facility Tax Credit (QFTC) Program for its Arizona operations which will result in a non-dilutive refundable tax credit funding source for the company, it said on Wednesday.The QFTC Program is designed to support "significant capital investment and high-quality job creation" in Arizona through refundable state income tax credits tied to qualifying investments and net new full-time employment," stated the company."This approval reflects the strong support we have in Arizona for our operations and direct financial support from the Arizona Commerce Authority providing this non-dilutive funding to support our manufacturing of pure American copper in this great state," said chief executive Craig Hallworth. "As we continue advancing our Made-in-America copper platform, we remain focused on creating high-quality jobs, working collaboratively with local communities and stakeholders, and supporting secure domestic supply chains for critical industries including infrastructure, manufacturing, energy, data centers, and defense."The company's shares were last seen up $0.005 to $0.46 on the Toronto Stock Exchange.Price: $0.46, Change: $+0.01, Percent Change: +1.10%

Earnings Flash (GCU.TO) Gunnison Copper Reported Q1 Revenue US$20.1M; EPS $0.004