The Yandera Copper Project, an advanced-stage copper deposit in Papua New Guinea, has seen over US$200 million invested in exploration and development to date. This includes a 2017 Pre-Feasibility Study, which estimated a historical resource of 728 million tonnes of Measured and Indicated grading 0.39% copper equivalent*. Despite its significant historical resource base and strategic location within the Bismarck Intrusive [...]
Freeport Resources closes oversubscribed private placement, underscoring strong investor interest in its 100% of the Yandera Copper Project, one of the largest undeveloped copper deposits in the World, and the largest undeveloped copper project in Asia, the world's leading copper refiner and consumer. Yandera is an advanced-stage copper project with over US$200 Mil in exploration and development expenditures completed to [...]
Freeport has raised $4.4M thus far in its ongoing private placement and will undertake a final closing in late June. Freeport has commenced an Internal Project Optimization Review while it continues discussions with Strategic Partners to advance its 100%-owned Yandera Project. Copper prices continue to be strong at approx. US$9,800/t as demand for copper undergoes an unprecedented structural change driven by the global [...]
Freeport Resources Inc. is pleased to announce that due to market demand it has elected to increase the size of its ongoing non-brokered private placement offering . The Offering will now consist of up to 140,000,000 units at a price of $0.05 per Unit for gross proceeds of up to $7,000,000. Each Unit consists of one common share and one-half-of-one common share purchase warrant . Each Warrant entitles the holder to [...]
Freeport Resources Inc. is pleased to announce that further to its news release of June 3, 2024 in connection with its ongoing non-brokered private placement offering the Company has received a further extension of the deadline for completion of the Offering from the TSX Venture Exchange, and now anticipates completing a final tranche of the Offering on or before June 28, 2024. About Freeport Resources Inc. Freeport [...]
Freeport Resources Inc. is pleased to announce that it has closed a fourth tranche of its non-brokered private placement offering for gross proceeds of $1,508,850. In connection with completion of the fourth tranche of the Offering, the Company has issued 30,177,000 units at a price of $0.05 per Unit. Each Unit consists of one common share, and one-half-of-one common share purchase warrant. Each whole warrant entitles the [...]
Freeport Resources Inc. is pleased to announce that it has closed a third tranche of its non-brokered private placement offering for gross proceeds of $934,250. In connection with completion of the third tranche of the Offering, the Company has issued 18,685,000 units at a price of $0.05 per Unit. Each Unit consists of one common share, and one-half-of-one common share purchase warrant. Each whole warrant entitles the [...]
Freeport Resources Inc. is pleased to announce that it has closed the second tranche of its non-brokered private placement offering for gross proceeds of $787,761. In connection with completion of the second tranche of the Offering, the Company has issued 15,755,217 units at a price of $0.05 per Unit. Each Unit consists of one common share, and one-half-of-one common share purchase warrant. Each whole warrant entitles the [...]
Freeport Resources Inc. is pleased to announce that it has closed the first tranche of its non-brokered private placement offering for gross proceeds of $1,204,000. In connection with completion of the first tranche of the Offering, the Company has issued 24,080,000 units at a price of $0.05 per Unit. Each Unit consists of one common share, and one-half-of-one common share purchase warrant. Each whole warrant entitles the [...]
While Freeport Continues Discussions with Strategic Partners to Advance its 100%-Owned Yandera Project, it has commenced an Internal Project Optimization Review. The Review will Seek to Optimize the Project's Economics, Including via possible use of New Breakthough Direct Sulphide Leaching Technologies to achieve significant Capex/Opex reductions. Copper Prices broke $9,000/t in recent weeks as demand for copper undergoes [...]
Freeport has Commenced Discussions with Strategic Partners to Advance its 100%-Owned Yandera Project. Copper Prices broke $9,000/t and $4.00/lb in recent days as demand for copper undergoes an unprecedented structural change driven by the global energy transition. The removal of Cobre Panama's supply and related decision by Chinese smelters to trim output due to a lack of copper concentrate adds to looming copper [...]
Papua New Guinea's Mining Resource Authority has approved the renewal of the Yandera Copper Project's License EL 1335 through November 19, 2025. Freeport Resources is planning to commence work towards a Definitive Feasibility Study and accelerate discussions with potential strategic partners. Freeport continues its commitment to the landowners and communities of Yandera, and the people of Papua New Guinea. Demand for [...]
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