CASA GRANDE, Ariz. & TORONTO / Jan 06, 2025 / Business Wire / Arizona Sonoran Copper Company Inc. (TSX:ASCU | OTCQX:ASCUF) (“ASCU” or the “Company”) is pleased to announce that it has completed a buyback of 1% of the Bronco Creek Exploration (“BCE”) net smelter royalty (“NSR”) for a cash payment of US$500,000, reducing the NSR from 1.5% to a remaining 0.5% NSR. The NSR applies to the BCE parcel which comprises a portion of the Parks/Salyer deposit on the Cactus Project. In FIGURE 1, the BCE parcel is represented in yellow.
Nick Nikolakakis, Arizona Sonoran CFO and VP Finance commented, “Leading into 2025 and post-2024 Preliminary Economic Assessment, ASCU has a strong balance sheet to advance its programs and optimize the Company’s assets. The finance team is now acting on a previously identified program to leverage the copper price on future copper production and deliver copper price and…
