Company History

Company Profile

US Copper Corp is a junior exploration and development company listed on the TSX Venture Exchange (symbol: USCU). The Company is focused on advancing its Moonlight-Superior Copper Project in Plumas County, California to the production stage. The Project includes copper sulfide and copper oxide resources with silver and gold credits in three deposits – Moonlight, Superior and Engels – hosted in Jurassic intrusive rocks within a 13 square miles area.

Copper was discovered in the Lights Creek District in 1883, and it was mined underground on a large scale from 1915 until 1930. Placer-Amex explored the property from 1960 to 1972, drilling over 400 holes and estimating a resource of over 4 billion pounds of copper (this resource predates NI 43-101 and cannot be relied on).

PEA & UPCOMING Drill PROGRAM

“ US Copper Corp is focused on the development of its Moonlight-Superior Copper Project in northeast California.”

— Steve Dunn, President

A Preliminary Economic Assessment (2018) demonstrated positive economics at US$3 copper for the Moonlight deposit, which has a NI 43-101 indicated resource of 252 million tons at 0.25% copper and an inferred resource of 109 million tons at 0.24% copper. US Copper is now preparing for a drill program to initiate a longer term effort to include the smaller, but higher grade Superior and/or Engels deposits to improve the economics of the project. The Superior deposit has a NI 43-101 resource of 54 million tonnes at 0.41% copper and the Engels deposit has an unconfirmed historical resource of 19 million tons at 0.63% copper sulfide at surface.

Oxide deposits at Moonlight and Engels also present upside opportunities. The oxide cap at Moonlight is presently treated as waste in our PEA and a drill program will be needed to delineate the oxide resource for inclusion in the PEA. Placer-Amex calculated an oxide resource at Moonlight of 12 million tons at 0.54% copper in 1968 (non-compliant; historic estimate). At Engels, a NI 43-101 inferred oxide resource of 2.5 million tonnes at 1.05% copper remains open in all directions.

US Copper has designed a drilling program to commence in the first half of 2021. The program will focus on defining a high-grade starter pit, expanding and upgrading mineral resources and establishing silver and gold credits.

Company History

2007


  • Company was incorporated as Rykala Resources.

2008


  • Rykala Resources acquired copper and nickel properties in Timmins, Ontario and a silver property in Nevada.

2009


  • Rykala Resources was listed on the TSX Venture Exchange (TSX-V) in January 2009 as Crown Minerals Inc. via a reverse takeover of Pocono Capital Inc.

2010


  • Crown Minerals merged with Gold Summit Corporation in August 2010, owner of the Monte Cristo gold deposit in Nevada.
  • Crown Minerals changed its name to Crown Gold Corporation.
  • Crown began a three stage drill program at the McKenzie gold property in the Red Lake Gold Camp of northwestern Ontario.

2011


  • Crown Minerals merged with Gold Summit Corporation in August 2010, owner of the Monte Cristo gold deposit in Nevada.
  • Crown Minerals changed its name to Crown Gold Corporation.
  • Crown began a three stage drill program at the McKenzie gold property in the Red Lake Gold Camp of northwestern Ontario.

Management

President, CEO & Director

Stephen Dunn has over 30 years of experience in the investment industry having worked with a large Canadian insurance company, a Canadian Schedule A bank, and two Canadian investment dealers. He has extensive experience in capital markets and has been a director of numerous resource companies. He recently resigned as President and CEO of Pasofino Gold Limited (TSX-V: VEIN). Mr. Dunn earned his BA and his MBA from the University of Western Ontario.

CFO & Director

Rich Morrow was formerly the CEO of a resource focused company. Control of that company was sold through a supported takeover that he negotiated. Mr. Morrow has a strong background in capital markets and in corporate development. During a thirty year business career, primarily with Canadian-based investment dealers and latterly in the corporate sector, he has had a key role in initiating and closing several successful IPOs and numerous financings, acquisitions and divestments. His international business experience includes negotiations, transactions and investments in South America, Europe, Africa and China.

Geological Consultant

Bob Suda has worked in the mining business for over thirty-five years. His experience includes eight years with Gulf Mineral Resources Corp and fifteen years with Cominco American Incorporated as Senior Geologist. With Cominco, Mr. Suda was involved with exploration programs in the United States and in international programs. He was project exploration manager for the Pend Oreille zinc mine area and participated in the discovery of a Nevada gold deposit. Mr. Suda has worked in the junior mining sector since 2004 and served as Exploration Director of Garrison International, as well as Vice President, Exploration for Portage Minerals Inc. and FDG Mining Inc.

Office Manager

Mr. Oliveira has served in various capacities with Crown since June 2010. He holds an Honours Bachelor in Business Administration. Currently, he serves as Controller, Corporate Secretary or Chief Financial Officer of several junior mining exploration companies, which experience gives him an insider’s view into financial reporting. In his current role at Crown he is responsible for financial reporting, preparation of financial statements and Management discussions and analysis reports for shareholders, as well as tax and regulatory compliance.

Advisory Board

ADVISOR

Matthew Gili has over 20 years of experience in the mining industry, having served in a variety of senior executive roles at Nevada Copper, Barrick and Rio Tinto. Mr. Gili was most recently President and CEO of Nevada Copper Corp., which owns the advanced stage Pumpkin Hollow mine in Nevada. Prior to joining Nevada Copper in 2018, Mr. Gili was at Barrick for five years, and was the company’s Chief Technical Officer and Senior Vice President, Operations Projects. He also served as Executive General Manager for the Cortez District in Nevada while at Barrick. During his 15-year career with Rio Tinto, his appointments included Chief Operating Officer and Vice President of Resource Strategy for the Oyu Tolgoi project in Mongolia, Managing Director of Palabora Mining Company in South Africa, and Mine Manager at Greens Creek, Alaska. Mr. Gili holds a Bachelor’s degree in Mining Engineering from University of Idaho and an Idaho professional engineer certification.Read More

Corporate Governance

US Copper Corp and its board of directors (the “Board”) recognize the importance of corporate governance to the effective management of the Company and to the protection of its employees and shareholders.

The Company’s approach to significant issues of corporate governance is designed with a view to ensuring that the business and affairs of the Company are effectively managed so as to enhance shareholder value. The Board fulfills its mandate directly and through its committees at regularly scheduled meetings or as required. Frequency of meetings may be increased and the nature of the agenda items may be changed depending upon the state of the Company’s affairs and in light of opportunities or risks

which the Company faces. The directors are kept informed of the Company’s operations at these meetings as well as through reports and discussions with management on matters within their particular areas of expertise.

The Company currently has three committees: the Audit Committee, the Corporate Governance Committee and the Compensation Committee. The Audit Committee is comprised of Martin Vydra, James Fairbairn and Rich Morrow. The members of the Corporate Governance Committee are James Fairbairn, Stephen Dunn and George Cole. The Compensation Committee is comprised of James Fairbairn, Martin Vydra and George Cole.

Board of Directors

President, CEO & Director

Stephen Dunn has over 30 years of experience in the investment industry having worked with a large Canadian insurance company, a Canadian Schedule A bank, and two Canadian investment dealers. He has extensive experience in capital markets and has been a director of numerous resource companies. He recently resigned as President and CEO of Pasofino Gold Limited (TSX-V: VEIN). Mr. Dunn earned his BA and his MBA from the University of Western Ontario.

CFO & Director

Rich Morrow was formerly the CEO of a resource focused company. Control of that company was sold through a supported takeover that he negotiated. Mr. Morrow has a strong background in capital markets and in corporate development. During a thirty year business career, primarily with Canadian-based investment dealers and latterly in the corporate sector, he has had a key role in initiating and closing several successful IPOs and numerous financings, acquisitions and divestments. His international business experience includes negotiations, transactions and investments in South America, Europe, Africa and China.

Non-executive director

Martin Vydra is currently President and Director of Giga Metals Corporation and Head of Strategy for Nickel 28 Capital Corp. Prior to joining Nickel 28 Capital, he had a 31 year career with Sherritt International Corporation, a leader in the mining, processing and refining of lateritic nickel and cobalt with operations in Canada, Cuba and Madagascar. He is widely recognized as an expert in nickel and cobalt extraction, processing and refining including the development... Read More  and application of advanced technologies to maximize the recovery of valuable metals such as nickel and cobalt from a variety of feeds. While at Sherritt, Mr. Vydra’s technical accomplishments spanned four continents and over 20 operations including postings in Australia where he was integrated in Murrin Murrin’s refinery start up; Finland for the design of Harjavalta’s nickel reduction circuit; and, in Chile where he oversaw the design, construction and commissioning of a major pressure oxidation operation. In addition to his technical expertise, from 2008-2011, Martin held the position of Managing Director, Commercial Contracts and Marketing, with global responsibility for metal marketing.

Non-executive Director

George Cole was Vice President, Exploration for Cominco American until he retired in 2001. He has subsequently served in senior management and board positions for several junior mining companies, most recently with. Trelawney Mining & Exploration Inc. and Rae-Wallace Mining Company.

Non-Executive Director

James Fairbairn, CA, ICD.D,has more than 20 years of experience with publicly-traded companies. He is a Chartered Accountant, having obtained his CA designation in 1987 and is an Institute-certified Director. Jim holds a B.A. from the University of Western Ontario. Jim’s valued experience touches on corporate governance and financial reporting with respect to junior mining exploration companies. He is a Director of several junior mining companies.

Non-executive Director

Stephen Hughes is an economic geologist with over 20 years of technical and management experience covering exploration, development and mine geology. Specializing in porphyry copper-gold, skarn and epithermal systems, he has led the discovery-delineation and development of more than 2 billion tonnes of copper-gold resources in the Asia-Pacific region since 1999. Mr. Hughes worked at Freeport-McMoRan at the giant Grasberg open pit and underground mines and more recently as Vice President of Exploration at Asiamet Resources where he was responsible for the development of the BKM copper, BKZ polymetallic and Beutong porphyry Cu-Au deposits. He is currently VP, Exploration and a director at C3 Metals Inc. He holds an honors degree in geology from St. Mary’s University in Nova Scotia.

US Copper Corp.

217 Queen Street West, Suite 401
Toronto, ON, Canada, M5V 0R2

416.361.2827
info@uscoppercorp.com