About Us

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

We are excited about the opportunity to be an integral supplier of copper metal in the United States.

— 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 recent drill program will be used to delineate the oxide resource for inclusion in an updated 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 is now conducting metallurgical studies on samples from the recent oxide drill program at Engels. Eventually, an updated PEA will be prepared that includes the Engels and Superior deposits as high-grade starter pits.

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-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.
  • Crown Minerals changed its name to Crown Gold Corporation.
  • Crown began a drill program at the McKenzie gold property in the Red Lake Gold Camp of northwestern Ontario.

2011


  • Crown continued its exploration program in Red Lake.

2012


  • Crown sold the Monte Cristo gold property to Hecla Mining for $4.5 million.
  • Dividend paid of $3.6 million, equivalent to 4 cents per share, in September of 2012.

2013


  • Crown acquired the Superior-Engels copper project from Starfield Resources Inc.
  • A NI 43-101 Technical Report was prepared on the Superior-Engels property.

2014


  • Crown consolidated its shares on a 1 for 10 basis and changed its name to Crown Mining Corp.
  • A mapping and sampling survey was completed on the Superior property.

2016


  • Crown optioned the Moonlight copper deposit from Canyon Copper.
  • Independent study analyzed economic viability under various scenarios in preparation for a PEA.

2017


  • Metallurgical testing was done at the Moonlight and Superior deposits.
  • Preliminary Economic Assessment (PEA) on the Moonlight deposit was commissioned in October.

2018


  • The Moonlight property option was exercised and fully paid for in March.
  • The PEA on the Moonlight deposit was filed on SEDAR in April.

2019


  • Crown prepared drill program to define oxide resource at Moonlight.

2020


  • Crown prepared drill program at Superior to identify silver and gold credits.

2021


  • Company announces name change to US Copper Corp.
  • US Copper to undertake drill program of 7 holes at Superior and Engels.

Management

Steve Dunn

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.

Rich Morrow

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.

Bob Suda

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.

Johnny Oliveira

Office Manager

Johnny Oliveira has served in various capacities with US Copper Corp since June 2010. Currently, he serves as Controller, Corporate Secretary or Chief Financial Officer of several junior mining exploration companies. In his current role at the Company, he is responsible for financial reporting, preparation of financial statements and management’s discussion and analysis reports for shareholders, as well as tax and regulatory compliance. He holds an Honours Bachelor in Business Administration.

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 James Fairbairn, Norm Yurik 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, Rich Morrow and George Cole.

Board of Directors

Steve Dunn

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.

Rich Morrow

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.

George Cole

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.

James Fairburn

Non-Executive Director

James Fairburn 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. Mr. Fairburn holds a B.A. from the University of Western Ontario. His valued experience includes corporate governance and financial reporting with respect to junior mining exploration companies. He is a director of several junior mining companies.

Norm Yurik, CPA

Non-executive Director

Norm Yurik is a CPA and former tax partner at Deloitte LLP. He led the Merger and Acquisition Group of Deloitte in British Columbia, responsible for tax planning and structure and client services.

US Copper Corp.

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

416.361.2827
[email protected]