Nevada Copper Inc. is a subsidiary of Nevada Copper Corp.
On June 10, 2024, Nevada Copper Corp. and its subsidiaries (collectively, “Nevada Copper” or the “Company”) announced that they have filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court of the District of Nevada. The Company has been unable to secure additional interim funding from its key stakeholders. As a result, the Company is unable to continue carrying on business.
Through the restructuring process, the Company does not expect to continue operations, but does intend to take steps to preserve and protect its assets. The Company plans to conduct its activities as a “debtor in possession” under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and the orders of the Bankruptcy Court.
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