Mr. Ernest Mast reports
DORE COPPER ANNOUNCES GRANT OF STOCK OPTIONS AND DEFERRED SHARE UNITS
Dore Copper Mining Corp. has granted 850,000 stock options to management, consultants and advisers. The stock options have an exercise price of 20 cents per share and a term of five years. The company has also granted an aggregate total of 150,000 deferred share units (DSUs) to independent directors of the company. The DSUs are payable in common shares of the company upon the holder ceasing to be a director of the company. Both issuances were done in accordance with the company's omnibus share incentive plan.
About Dore Copper Mining Corp.
Dore Copper aims to be the next copper producer in Quebec with an initial production target of over 50 million pounds of copper equivalent annually by implementing a hub-and-spoke operation model with multiple high-grade copper-gold assets feeding its centralized Copper Rand mill1. The corporation has delivered its preliminary economic assessment (PEA) in May, 2022, and is proceeding with a feasibility study.
The corporation has consolidated a large land package in the prolific Lac Dore/Chibougamau and Joe Mann mining camps that has historically produced 1.6 billion pounds of copper and 4.4 million ounces of gold. The land package includes 13 formerly producing mines, deposits and resource target areas within a 60-kilometre radius of the corporation's Copper Rand mill.
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