11:29:11 EDT Fri 09 May 2025
Enter Symbol
or Name
USA
CA



Arizona Sonoran Copper Company Inc
Symbol ASCU
Shares Issued 135,523,952
Close 2025-01-03 C$ 1.45
Market Cap C$ 196,509,730
Recent Sedar Documents

Arizona Sonoran completes 1% BCE NSR buyback

2025-01-06 13:08 ET - News Release

Mr. George Ogilvie reports

ARIZONA SONORAN BUYS BACK 1.0% OF THE BRONCO CREEK EXPLORATION ROYALTY

Arizona Sonoran Copper Company Inc. has completed a buyback of 1 per cent of the Bronco Creek Exploration (BCE) net smelter royalty (NSR) for a cash payment of $500,000 (U.S.), reducing the NSR from 1.5 per cent to a remaining 0.5-per-cent NSR. The NSR applies to the BCE parcel that comprises a portion of the Parks/Salyer deposit on the Cactus project.

Nick Nikolakakis, Arizona Sonoran's chief financial officer and vice-president, 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 production upside back to shareholders through efficient capital allocation. Our models have demonstrated this royalty buyback reflects good potential upside value to our shareholders as we advance the Cactus project."

About Arizona Sonoran Copper Company Inc.

Arizona Sonoran is a copper exploration and development company with a 100-per-cent interest in the brownfield Cactus project. The project, on privately held land, contains a large-scale porphyry copper resource and a recent 2024 PEA proposes a generational open-pit copper mine with robust economic returns. Cactus is a lower-risk copper developer benefiting from a state-led permitting process, in-place infrastructure, highways and rail lines at its doorstep, and on-site permitted water access. The company objective is to develop Cactus and become a mid-tier copper producer with low operating costs that could generate robust returns and provide a long-term sustainable and responsible operation for the community, investors and all stakeholders. The company is led by an executive management team and board, which have a long-standing record of successful project delivery in North America, complemented by global capital market expertise.

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