2024-06-12 12:25:00 ET
Nevada Copper (TSX: NCU ,OTC Pink:NEVDQ) filed for Chapter 11 bankruptcy protection on Monday (June 10) under the US Bankruptcy Code following its inability to secure funding or a change-of-control deal.
The move comes months after copper prices reached a new all-time high.
The company also announced the appointment of Tom Albanese, former CEO of Rio Tinto (ASX: RIO ,NYSE:RIO,LSE:RIO), as the new chair of its board of directors following the resignation of Randy Buffington as president and CEO.
For further details see:
Nevada Copper Files for Bankruptcy After Challenges at Pumpkin Hollow