Copper Mining News in Washington State

Cambria Gold Mines
Cambria Gold Mines
CAMB
Washington State

[Video Enhanced] Cambria Gold Mines Spins Out Copper Project Co-owned by the US Federal Government

Cambria Gold Mines intends to spin out its Mt. Margaret copper-gold porphyry project in Washington State into a new entity in partnership with ECC Ventures 4. The project is co-owned by the US Bureau of Land Management and contains a significant historical resource of 577Mt, though it requires modern NI 43-101 validation.

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Cambria Gold Mines Inc.
Cambria Gold Mines Inc.
CAMB
Washington State

Cambria Gold Mines and ECC Ventures 4 Corp. Announce Proposed Spin-Out Transaction of Cambria's Mt. Margaret Copper-Gold Deposit into ECC Ventures 4 Corp. and up to US$100 Million Financing to Create New U.S.-Focused Company

Cambria Gold Mines has entered a binding term sheet to spin out its Mt. Margaret copper-gold porphyry deposit into a new US-focused company, Freedom Copper Corp, via a reverse takeover of ECC Ventures 4 Corp. The transaction includes a proposed US$100 million financing to advance the project. The announcement also references a historical, non-compliant resource estimate from 1980.

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