https://preview.redd.it/p3n8nnyd9m0d1.png?width=3500&format=png&auto=webp&s=8e3b6c14598c691aa9a38329135fdcbc401ebc64
Halifax, Nova Scotia--(Newsfile Corp. - May 15, 2024) - Ucore Rare Metals Inc.** (TSXV: UCU) (OTCQX: UURAF) ("Ucore"** or the "Company") is pleased to comment on the US Government's announcement to strengthen the developing American electric vehicle ("EV") market through increased tariffs on imports from the People's Republic of China ("PRC") to protect American workers and businesses. On May 14, 2024, the White House announced:
"With extensive subsidies and non-market practices leading to substantial risks of overcapacity, China's exports of EVs grew by 70% from 2022 to 2023-jeopardizing productive investments elsewhere. A 100% tariff rate on EVs will protect American manufacturers from China's unfair trade practices."
Simultaneously, the US Trade Representative issued a statement on Section 301 tariffs recommending a series of steps to eliminate the PRC's unfair trade practices, which include:
"… (4) continuing to assess approaches to support diversification of supply chains to enhance our own supply chain resilience."
and a new 25% tariff on permanent magnets[1].
Permanent magnets are the essential component inputs for EV motors that are currently 90% plus controlled by China. Therefore, these government EV policy developments strategically align with Ucore's heavy and light rare earth element ("REE") separation facility, which is advancing in Alexandria, Louisiana. At total nameplate capacity, the Louisiana Strategic Metals Complex ("SMC") is designed to simultaneously process up to six different sources of US-friendly feedstock from all corners of the Western world. This diverse supply chain, coupled with Ucore's focus on both heavy and light REEs, will help ensure Ucore's resiliency from any single geopolitical or natural instability as the nascent North American rare earth market takes root over the remainder of the decade.
Mike Schrider, P.E., Vice President and Chief Operating Officer of Ucore, stated: "As US tariffs are implemented to level the commercial playing field by the US, our strategic ability to supply and support OEM EV manufacturers by processing heavy and light feedstock from a multitude of different Western sources essential to permanent magnet manufacturing, gives us the flexibility to grow and prosper at our Louisiana SMC. We expect this to be of significant benefit as we increase production from 2,000 tonnes per annum to our planned total nameplate production of 7,500 tonnes per annum*[2]* over our first few years of production and subsequently expand our footprint across North America."
# # #

About Ucore Rare Metals Inc.
Ucore is focused on rare- and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.
Through strategic partnerships, this plan includes disrupting the People's Republic of China's control of the North American REE supply chain through the near-term establishment of a heavy and light rare-earth processing facility in the U.S. State of Louisiana, subsequent Strategic Metal Complexes in Canada and Alaska and the longer-term development of Ucore's 100% controlled Bokan-Dotson Ridge Rare Heavy REE Project on Prince of Wales Island in Southeast Alaska, USA.
Ucore is listed on the TSXV under the trading symbol "UCU" and in the United States on the OTC Markets' OTCQX® Best Market under the ticker symbol "UURAF."
For further information, please visit [www.ucore.com**](https://api.newsfilecorp.com/redirect/GmQzbi2KMM).**
Forward-Looking Statements
This press release includes certain statements that may be deemed "forward-looking statements." All statements in this release (other than statements of historical facts) that address future business development, technological development and/or acquisition activities (including any related required financings), timelines, events, or developments that the Company is pursuing are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance or results, and actual results or developments may differ materially from those in forward-looking statements.
Regarding any disclosure in the press release above about the US Department of Defense or the Government of Canada Programs and the expected successful progress and resulting milestone payments from these Programs, the Company has assumed that the Programs (including each of their milestones) will be completed satisfactorily. For additional risks and uncertainties regarding the Company, the CDF, the Demo Plant and ongoing Programs (generally), see the risk disclosure in the Company's MD&A for Q3-2023 (filed on SEDAR on November 20, 2023) (www.sedarplus.ca) as well as the risks described below.
Regarding the disclosure above in the "About Ucore Rare Metals Inc." section, the Company has assumed that it will be able to procure or retain additional partners and/or suppliers, in addition to Innovation Metals Corp. ("IMC"), as suppliers for Ucore's expected future Strategic Metals Complexes ("SMCs"). Ucore has also assumed that sufficient external funding will be found to complete the Demo Plant demonstration schedule and also later prepare a new National Instrument 43-101 ("NI 43-101") technical report that demonstrates that the Bokan Mountain Rare Earth Element project ("Bokan") is feasible and economically viable for the production of both REE and co-product metals and the then prevailing market prices based upon assumed customer offtake agreements. Ucore has also assumed that sufficient external funding will be secured to continue the development of the specific engineering plans for the SMCs and their construction. Factors that could cause actual results to differ materially from those in forward-looking statements include, without limitation: IMC failing to protect its intellectual property rights in RapidSX™; RapidSX™ failing to demonstrate commercial viability in large commercial-scale applications; Ucore not being able to procure additional key partners or suppliers for the SMCs; Ucore not being able to raise sufficient funds to fund the specific design and construction of the SMCs and/or the continued development of RapidSX™; adverse capital-market conditions; unexpected due-diligence findings; the emergence of alternative superior metallurgy and metal-separation technologies; the inability of Ucore and/or IMC to retain its key staff members; a change in the legislation in Louisiana or Alaska and/or in the support expressed by the Alaska Industrial Development and Export Authority ("AIDEA") regarding the development of Bokan; the availability and procurement of any required interim and/or long-term financing that may be required; and general economic, market or business conditions.
Neither the TSXV nor its Regulation Services Provider (as that term is defined by the TSXV) accept responsibility for the adequacy or accuracy of this release.
CONTACTS
Mr. Michael Schrider, P.E., Ucore Vice President and Chief Operating Officer, is responsible for the content of this news release and may be contacted at 1.902.482.5214.
For additional information, please contact:
Mark MacDonald Vice President, Investor Relations Ucore Rare Metals Inc. 1.902.482.5214 [mark@ucore.com](mailto:mark@ucore.com)
[1] Many permanent magnets contain the rare earth elements praseodymium, neodymium, terbium, and dysprosium - the core planned rare earth oxide products of the Louisiana SMC.
[2] Excluding cerium and yttrium.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/209252
​
https://preview.redd.it/1piiwl1e9m0d1.png?width=4000&format=png&auto=webp&s=aa5a22fb56052a4c86ac40088a684587c048374e

Universal Site Links
UCORE RARE METALS INC
STOCK METAL DATABASE
ADD TICKER TO THE DATABASE
www.reddit.com/Treaty_Creek
REPORT AN ERROR

Decentralized protocols may be more stable, democratic, and transparent than their centralized counterparts. If the central authority malfunctions, it immediately negatively impacts the whole organization.
However, if one or several nodes of a decentralized system experience failure, the rest of the network can still continue operations.
Decentralized systems may struggle due to a lack of a singular unified vision. Furthermore, the equal distribution of power may lead to responsibilities not being clearly defined. This can have negative effects on network efficiency.
Decentralization maximalists highlight other advantages of a decentralized system such as democracy, freedom of speech, and community-driven organizations, among other things.
It’s important to keep in mind that the implementation of a decentralized system in every aspect of our lives sounds good only in theory.
The main disadvantages that come with decentralization are a lack of a continuous vision, loss of control, high costs, and general inefficiency.
In extremely dire situations, an absence of a governing authority can even make it possible for it to turn into full-blown anarchy.
Here in Omnia protocol, Node owners can register their nodes through a simple-to-use web interface provided by Omnia. Consequently, these nodes are indexed by the relayers who leverage mixnets to protect privacy.
The users of Omnia can customize their own subscription plan, depending on their blockchain request rate needs. As a result, users receive access to secure RPC endpoints (either HTTP or WSS) for any of the blockchain networks that we support.
Mixnets are not a novel approach when it comes to building an anonymous overlay network. For example, Tor is leveraging a low-latency mix network to provide a 3-hop circuit that is designed to better protect privacy than a single-node VPN solution.
However, this approach has one major fallback - does not obfuscate traffic patterns, which eventually leads to revealing the user's identity as relevant academic research activity has already proved.
Learn more: www.omniatech.io

Paraphrasing research effectively in your dissertation is crucial to avoid plagiarism and demonstrate your understanding of the field. Here's how to achieve this:
https://preview.redd.it/0ji99p8i8m0d1.png?width=1920&format=png&auto=webp&s=b905f830d9a4e9962c8f05e8ff4ce37822ca02ff
Deep Comprehension:

• Read and Analyze: The foundation lies in thoroughly reading and understanding the original research work. Highlight key points, identify the author's arguments, and analyze the evidence presented.

Rephrasing and Restructuring:

• Express in Your Own Words: Don't simply substitute synonyms for individual words. Aim to rephrase the entire sentence or passage using your own vocabulary and sentence structure.
• Vary Sentence Structure: Avoid mimicking the original sentence structure too closely. Change the order of clauses, use active voice instead of passive voice, or break down long sentences into shorter ones.

Integration and Citation:

• Integrate with Your Argument: Weave the paraphrased information seamlessly into your dissertation, connecting it to your overall argument. Briefly explain the significance of the research to your work.
• Proper Citation: Always give credit to the original source using an appropriate citation style (APA, MLA, etc.). This ensures academic integrity and allows readers to find the original work.

Additional Tips:

• Focus on Key Points: Don't paraphrase every detail. Focus on the most relevant information that supports your research question or argument.
• Use Quotation Marks for Key Phrases: If a specific phrase or sentence is essential and cannot be effectively rephrased, use quotation marks and cite the source.
• Paraphrasing Tools (Use with Caution): Online paraphrasing tools can be helpful for suggesting alternative phrasings, but don't rely solely on them. Always double-check the output for accuracy and ensure it conveys the intended meaning.

Benefits of Effective Paraphrasing:

• Deeper Understanding: The process of paraphrasing reinforces your understanding of the research and helps solidify key concepts.
• Demonstrates Critical Thinking: By skillfully paraphrasing, you show your ability to analyze, interpret, and synthesize information from various sources.
• Originality and Credibility: Properly integrating and citing research fosters academic integrity and strengthens the credibility of your dissertation.

[By following these steps](usaonlineessays.com) and focusing on comprehension and integration, you can effectively paraphrase research work while maintaining academic integrity and enriching your dissertation. Remember, paraphrasing is about conveying the meaning in your own words, not simply copying and pasting with minor changes.

Actually, I am working in Aging and I am very sick of stupid people around aging research field.

A nothing post, just noting this for the record.
At a Women in Leadership event in Abuja, May 2024:
‘It has been a whirlwind 24 hours since we arrived, and I very quickly got the memo that I need to wear more colour, so I can fit in with all of you and your incredible fashion!’
vs fauxcumentary, December 2022:
https://preview.redd.it/0wo7lhr94m0d1.png?width=1299&format=png&auto=webp&s=d10bb4a35842cec84597ba51474800f58326c307
https://preview.redd.it/jal2noge4m0d1.png?width=1295&format=png&auto=webp&s=c930f90d8b21bb72edbabcd1a058f0f96e6d457d
We should be grateful for small mercies. From a sartorial perspective, Meghan Does Nigeria can in no way be seen as a royal tour, given:

• the lack research in proper attire - otherwise Meghan would’ve worn more respectful colours, including echoing the Nigerian flag colours of green and white;
  
• the inappropriate garments, as evinced by the acreage of flesh on display (no one’s interested, Meghan);
  
• the lack of forethought in having something tailored by a local designer - Meghan was an hour late for the Women in Leadership event, possibly because the memo actually said: It might be diplomatic to wear something from your motherland.
  

https://preview.redd.it/eb52gl7k3m0d1.png?width=1920&format=png&auto=webp&s=a9686f4bccd04fe8bd457f0ee27376b9e50e07e3
Welcome to Update 6.3! This update includes a new Anniversary Pass and several Quality of Life improvements.

NEW! 7-YEAR ANNIVERSARY PASS

Injustice 2 Mobile turns 7 this May! Suit up as your favorite DC Super Hero, and dive into our new Anniversary Pass, packed with exciting in-game objectives and free rewards! From Gems and Orbs to powerful Artifacts and a brand-new 7-Year Anniversary Profile Picture, there's something special for every hero in this limited-time event. Thank you, Heroes, for your unwavering support over the years.

QUALITY OF LIFE IMPROVEMENTS

• Daily Login Calendars - Random shards have been replaced by Prismatic shards
• Remote Missions:
  • Credits & XP Rewards have been increased
  • Hero Shards & Gear have been updated to reward any Silver Hero
  • An 8 Hour Remote Mission has been added
  • Hero Threat Requirements have been updated to reflect rebalanced rewards
• Leagues:
  • Daily Check-in - Improved rewards
  • Request Shards - Increased the amount of Shards that can be requested from 10 to 30 per day.
  • League Store - Hero purchase limits increased to 5 per day
• Arena Store:
  • Hero purchase limits increased to 5 per day
  • Class Tier 6 XP Capsules have been added to the store

BUG FIXES AND OPTIMIZATIONS

Characters

• Titanic Fortitude (Might Class Passive) - Fixed an issue where the Unhittable buff could not be dispelled or prevented by silence
• Shazam Fury of Gods – All About Family (Special 2) – Fixed an issue where it did not affect Might Heroes with their Class Passive unlocked or while a Hero was unhittable from Ruler of Khandaq Black Adam’s Storm Cloud Special (Special 3)
• Peacemaker – Fear the Uniform (Passive 3) - Fixed an issue where it did not work if the Combo Meter skipped the exact value
• Orm:
  • Trident of Atlantis (Special 2) – Fixed an issue where the Electrify stacks could be applied to Batman Who Laughs while his Dark Knight form is active
  • Thunderstruck (Passive 3) – Fixed an issue where the Trident of Atlantis debuff did not disappear if a character under its effect tags out and did not apply on new opponent
• Martian Manhunter – Telepathic Might (Passive 2) - Fixed an issue where it did not affect the Orm’s Trident of Atlantis debuff applied from his Trident of Atlantis Special (Special 2).
• Scorpion – Fixed an issue where the player was not able to take actions immediately after his Shirai Ryu Spear Special (Special 2) KO’ed his opponent
• Hawkman – Saving Wings (Passive 3) – Fixed an issue where if this Passive interrupted a Special Attack, the opponent would not get bonuses from their Special Attack
• Vixen – Chameleon (Passive 3) – Fixed an issue where this passive could trigger during Justice League Aquaman’s Supermove while she was defeated

LEAGUE INVASION IMPROVEMENTS & FIXES

Improvements

• Final Season Rewards – Added guaranteed Legendary Hero Shards rewards as a part of the Hero Chest rewards. The Placement Rank determines the amount. Players also get a second reward of random Hero Shards based on their Placement Rank.
• Personal Points can now be obtained by completing Injustice Pass Objectives
• Base Supply – Investment costs have been rebalanced. Each rank has its own cost that increases per rank, with the first several ranks require much less resources
• Messaging – We’ve added additional Inbox messages to remind League Members about the current League Invasion Season and missed rewards
• League Battles – Team Select – When choosing a team to fight an Outpost, the list of Heroes available to choose for the attacking team will be filtered to match the Outpost’s Requirements.
• Attack Phase – League Battles – The maximum number of League Battles per day has been lowered from 4 to 2
• Versatile Illusion (Dodge Modifier) – Arcane Class Heroes can no longer Dodge against other Arcane Heroes

Bug Fixes

• League Battles:
  • Fixed an issue where simultaneous Outpost attacks by multiple League Members would not reward all of them with Invasion Points. Now all Members will receive Points related to the damage they dealt to the Outpost.
  • Pre-fight screen - Fixed an issue where the Threat indicator had an incorrect highlight
  • Fixed an issue that lead to Unusual Gameplay detection incorrectly in some cases
• During the Attack Phase, fixed an issue with the priority of the status labels on Heroes. Any “Promotion” related statuses no longer show instead of Exhausted status, which blocked character selection in some cases
• Tooltips - Fixed an issue where some Modifier tooltips did not specify their numbers were seconds; these now include an SEC descriptor for more clarity
• Tooltips - Fixed an issue with the Invulnerability Modifier tooltip
• Battle Logs - Updated the order of the entries to show the newest first and oldest last
• Heavy Hitter Stun (Facilities Buff) – Fixed an issue where it could be triggered by Damage Over Time effects from Specials
• Heavy Hitter Stun (Facilities Buff) – Fixed an issue where the stun duration during a fight was incorrect
• Leaderboards – Fixed an issue where the Personal and Split Leaderboards sometimes would not open in some cases and exit the Leaderboards menu
• Fixed an issue with receiving Personal Rewards in some cases
• Upgrade Menu - Fixed an issue where the "-" button stayed active if a buff/modifier reached its maximum level
• Base Screen – Fixed an issue where the Protective Screen Modifier stats were incorrect
• Leaderboads - Fixed an issue where the buttons for switching between Ratings and Rewards was visually inverted
• Fixed an issue where at the start of a new split, the timer didn't refresh if a player stayed in League Invasions Base menu
• Notifications - Fixed an issue where the "New Split has started" notifications appeared when the current split hadn't ended yet
• Notifications - Fixed an issue where the “Base Not Ready for invasion” notifications displayed the wrong text and Outpost order
• League Battle Result Popup - Fixed an issue where if all there were still Outposts to defeat, the Continue button sent the Player to League Base screen instead of the Pre-Fight screen

SOLO RAIDS

• Rise of Krypton - Tier 2 – Boss Cheetah – Fixed an issue where Cheetah's Armor Pierce buff duration didn't correspond with the fight summary & info
• Kingdom of Madness:
  • Tier 1 Boss Last Laugh The Joker - Fixed an issue where Successful Specials did not reduce Mitigation Shield points
  • Tier 2 Sub-Boss Deadshot - Fixed an issue where the Arsenal modifier was also applied to the player’s team
  • Tier 2 Sub-Boss Sub-Zero - Fixed an issue with the Chaos modifier timing
  • Tier 2 Sub-Boss Blue Beetle - Fixed an issue with Fatigue modifier values
• Taste of Evil – Tier 2 – Fixed an issue where the Anti-Might Field modifier did not decrease damage from Specials
• Realm Klash:
  • Tier 1 Sub-Boss Black Manta – Fixed an issue where he applied a Burn effect from his modifier when he performed his Supermove
  • Tier 3 Sub-Boss The Reverse Flash – Fixed an issue where his name was The Flash
  • Tier 3 Sub-Boss Black Lightning – Fixed an issue where the fight summary text does not correspond with the Toxins modifier description
  • Tier 5 Final Boss Scorpion – Fixed an issue in the selection map where his Kusarigama disappeared while he taunts after defeating the last sub-boss that unlocks being able to fight him
• On Ice! – Tier 5 Boss Mr. Freeze – Fixed an issue where the player`s Hero would always be Frozen after the level`s Bombarding attack even if it didn't hit them
• Kingdom of Madness - Several descriptions have been improved

ARTIFACTS

• Amulet of Shinnok - Fixed an issue where Fury of the Gods Shazam stacks of Overload were still applied even though debuffs from the hazard were not dispelled
• Soul Stone - Effect 2 - Fixed an issue where the wearer would get more than 50% of Power spent by Silver Batman after blocking Special 3
• Gemstone - Effect 2 - Fixed an issue where the debuff was applied to the next tagged in Hero when the player scored 30-hit combo and KO’d the current opponent with a Special
• Kahndaq Artifacts - Fixed some issues with incorrect values in their descriptions

VISUAL IMPROVEMENTS

• Ascended Heroes - Nanotech Leech (Tech class passive) – The Critical Attack Damage now correctly displays as 500%
• Ascended Heroes – Text on Tooltips for Universe Orbs and Eternium divided into two paragraphs for better readability
• Other visual improvements and corrections have been applied to several Supermoves and a variety of character animations

As always, thank you for playing Injustice 2 mobile!

https://preview.redd.it/6qmo55ik4m0d1.png?width=3500&format=png&auto=webp&s=cefa52eadad6b0a196c2b28c7cdfe165b8c46bb5
VANCOUVER, BC / ACCESSWIRE / May 15, 2024 / Alta Copper Corp. (TSX:ATCU)(OTCQX:ATCUF)(BVL:ATCU) ("Alta Copper" or "the Company") is pleased to announce attractive economics results from the 2024 Optimized Preliminary Economic Assessment ("2024 PEA") at its 100% owned Cañariaco Project ("Cañariaco" or the "Project"), a world class porphyry copper project, located 700 km northwest of Lima. The 2024 PEA has been prepared by Ausenco Engineering Canada ULC ("Ausenco"), AGP Mining Consultants Inc. ("AGP") and Whittle Consulting Pty. Ltd., ("Whittle"), respectively leading international engineering and mining consultancy firms.
All values contained in this press release are reported in US dollars.
Cañariaco 2024 PEA Highlights

• Robust Economics: Cañariaco 2024 PEA using 8% discount factor and three year trailing average metal prices of US$4.00/pound (lb) copper (Cu), US$1,850/ounce (oz) gold (Au) and US$23.00/ounce (oz) silver (Ag):
  • Base-case Pre-tax Net Present Value ("NPV8%") of US$4.1 billion and IRR of 32.4%
  • Base-case After-tax NPV8% of US$2.3 billion and Internal Rate of Return ("IRR") of 24.1%
  • Significant Upside to Higher Metal Prices - At US$4.50/lb Cu After-tax NPV8% of US$3.2 billion and IRR of 28.9% (See Table 1)
  • Highly Leveraged to Copper Price: For every US$0.25/lb Cu increase above US$$4.00 Cu approximately US$425 Million is added to the After-Tax NPV8%
• Life-of mine ("LOM") metal production of 8,026M lb (3,642M tonnes) Cu, 1.67 million oz Au, and 33.2 million oz Ag
• Average annual metal production (Year 1 to 10) of 347M lb (158k tonnes) Cu; 70K oz Au; 1.5 million oz Ag
• Average annual metal production LOM of 294M lb (134K tonnes) Cu; 61K oz Au; 1.2 million oz Ag
• After-tax Average Annual Free Cash Flow (Year 1-10) from Start of Operation: US$538 million
• After-tax Average Annual Free Cash Flow LOM from Start of Operation: US$383 million
• C-1 cost of $1.86/lb copper (net of by-products)
• Total average operating cost of $11.21 per tonne processed
• All In Costs ("AISC") of $1.96/lb copper
• Pre-production capital cost of $2.2 billion based on leased mining equipment and including a contingency allocation of 21% on initial project capital
• Rapid After-tax payback period of 3.1 years from initial production with a 27 year mine life
• One of the lowest capital intensities when compared to other current global copper development projects

The 2024 PEA is preliminary in nature. Current published resources for both of the Cañariaco Norte and Cañariaco Sur deposits (previously reported in News Release dated January 28, 2022) includes Inferred Mineral Resources along with a significant percentage of Measured and Indicated Resources. Inferred Mineral Resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the 2024 PEA will be realized. Mineral resources that are not mineral reserves have not demonstrated economic viability.
An independent technical report for the 2024 PEA,prepared in accordance with NI 43-101,will be available under the Company's SEDAR+ profile and website on or before June 7, 2024.
For readers to fully understand the information in this news release, they should read the technical report in its entirety when it is available, including all qualifications, assumptions, exclusions and risks. The technical report is intended to be read in its entirety and sections should not be read or relied upon out of context.
An updated Corporate Presentation will be available on the Company's website at www.altacopper.com
Giulio T. Bonifacio, Executive Chair, commented "We are extremely pleased with our 2024 PEA which is well advanced as we have clearly benefited from several previous engineering studies and a wealth of experience from our external international engineering firms. This PEA will prove of great value as we advance Alta Copper to the next stage. The PEA shows that Cañariaco is clearly a Tier 1 asset that provides a long-life, large-scale copper project producing annual average copper of 158,000 tonnes per year in the first 10 years. The Cañariaco project is economically robust with considerable leverage to increasing copper prices while also possessing considerable upside through resource expansion drilling with numerous high priority drill targets identified to date at Norte, Sur and the undrilled Quebrada Verde porphyry target".
Table 1 - Summary of Economic Results
https://preview.redd.it/qi0ntxkk4m0d1.png?width=720&format=png&auto=webp&s=3cc23d0ea10e1dd826da585c0db0fe9d3a07b5ce
Notes (1) Copper contributes 88% of the net revenue with the balance of 12% from gold silver credits in copper concentrate. (2) For this analysis Gold is US$1,850/oz and Sliver is US$23/oz and remain constant with only the Copper price changing. (3) From Commencement of Operations. (4) Cash Costs consist of mining, processing, site G&A, off-site treatment and refining, transport, and royalties net of by-product credits (Au & Ag). (5) AISC consists of Cash Costs plus sustaining capital and closure costs.
NPV Sensitivities
The sensitivity analysis provides a range of outcomes for the Project when the key parameters vary from their base-case values. The NPV estimate is most sensitive to changes of metal prices, resource grade, overall operating costs and capital costs as illustrated in Figure 1 and 2.
The After-tax NPV ranges from US$2,054 billion to US$4,011 billion as the applied Copper price varies from US$3.85/lb Cu to $5.00/lb Cu.
Figure 1 - Sensitivity Summary Post - Tax NPV 8% ($M)
https://preview.redd.it/ebccixlk4m0d1.png?width=525&format=png&auto=webp&s=686e6c92c61166dd721171dbb2ca289212b35e80
https://preview.redd.it/0w25mvmk4m0d1.png?width=538&format=png&auto=webp&s=1d54a43b71d68d420dbc3d1985561c862c7a52c0
(After-Tax NPV 8% / Total Capex (US$M) Bubble size based on annual production)
https://preview.redd.it/vit3gsnk4m0d1.jpg?width=1562&format=pjpg&auto=webp&s=9a32310a3c349f3c008041b73a65ba6e8020dea0
(1) Copper equivalent production calculated using stated metal prices from each project's latest technical report
Table 2 - Detailed Results
https://preview.redd.it/6yhneook4m0d1.png?width=720&format=png&auto=webp&s=a77ab2185294fb99bfbb45d37963a864c5af66be
Project Description
The Cañariaco Project is situated within the Province of Ferreñafe, in the Department of Lambayeque, in northwestern Peru, approximately 700 km northwest of Lima, the capital of Peru, and approximately 102 km northeast of the city of Chiclayo. Current access from Chiclayo to the Cañariaco Project is 150 km along a paved road followed by secondary gravel roads.
The project area covers moderate elevations ranging from 2,200 to 3,600 metres ("m") above sea level. The copper deposits are situated on the eastern side of the continental divide and infrastructure will be on the top as well as both western and eastern sides of the divide. The topography varies from steep incised valleys at lower elevations to open grassy highlands at upper elevations. There is sufficient suitable land available within the concessions and close to the mining areas for the process plant, ancillary infrastructure and comingled waste rock and dry stack tailings facility.
The 2024 PEA contemplates that Cañariaco would be mined using conventional open pit mining equipment followed by crushing, SAG/ball mill grinding and flotation recovery of copper, gold and silver to a copper concentrate.
Cañariaco is estimated to have relatively low project capital and operating costs due to proximity to infrastructure and favourable natural setting with key features as follows:

• Large scale mining and processing operation to process 120,000 tpd/43.8 million tpa with a currently planned 27 year mine life;
• Conventional drill and blast mining, large scale electric shovels and haul trucks;
• Conventional crushing, SAG and ball mill grinding followed by flotation recovery of copper, gold and silver to a copper concentrate;
• Application of best practice process tailings management through comingled waste rock and filtered dry stack tailings storage;
• Water resources available in project area exceed project requirements;
• Low Strip Ratio life of mine of 1.33:1;
• Power supply from existing Northern Peru power grid with connection point only 57 kms from the project; and
• Project site located only 24 kms from existing paved highway connecting to the Pan American Highway on the west coast.

Low Capital Cost Intensity
Importantly, the Cañariaco project has low capital intensity when compared to several other global copper projects currently in the development stage. Key project attributes that reduce the capital cost include the following:

• The mineralized material from Cañariaco Norte and Sur deposits are moderately competent with Axb of 53, and moderately soft rock with an average BWI 12.2 kWh/tonne, which enables high throughput utilizing a single comminution line consisting of one primary crusher, one large SAG mill and two ball mills whereas many projects with comparable throughput require two SAG mills and four ball mills;
• The region receives significant annual rainfall and adequate fresh water is available at site eliminating the need for a desalination plant and pipeline from the coast;
• Relatively close proximity to the national power grid reduces the capital intensity of power supply infrastructure;
• Close proximity to an existing major transportation highway reduces access road construction cost and time;
• Utilization of trucks to transport concentrate along existing highways to the loadout port eliminates the requirement for a concentrate pipeline;
• The project site is in a sparsely populated area and there is no requirement for community relocation; and
• Concentrate loadout through an existing port on the west coast of Peru eliminates need to construct a new loadout facility.

Figure 4 - Cañariaco possesses a strong production profile with low capital intensity (based on average annual copper equivalent production (1) (Capital Intensity (US$/t) Bubble size based on annual production)
https://preview.redd.it/zjf7xopk4m0d1.jpg?width=1562&format=pjpg&auto=webp&s=7520ace4634d48e5892cbee9c941748abbddbb52
Sustainable and Responsible Mining
The project development concept has utilized best practice technologies and will benefit from several existing external factors which will assist in making Cañariaco a very responsible, desirable and sustainable project.
The application of filtered dry stack tailings combined with comingled waste rock storage maximizes the recycling of process water and significantly reduces freshwater requirements. In addition, this technology eliminates the need for wet tailings storage and a major tailing retainment structure and reduces associated seismic risk.
Electrical power in Northern Peru is generated predominantly by hydro which is the preferred power source from ecological and carbon emissions perspectives.
Electric powered overland belt conveyors, rather than haul trucks, will transport most of the mill feed and waste rock from the mining areas to the plant as well as the comingled waste and dry stack tailings facility thereby reducing fuel consumption and CO2 emissions.
The project is located in a sparsely populated region and at elevations above major agricultural zones.
Capital, Sustaining and Operating Costs
The initial capital, expensed over the first four years of the Project, amounts to $2.2 billion. The sustaining capital over the remainder of LOM amounts to $526 million. Closure costs are estimated at $216 million. The project financial model incorporates a lease strategy for the purchase of the initial mining equipment whereby 20% of the mining fleet cost is capitalized and the remainder is carried as operating cost. Sustaining costs include construction of a crusher at the Sur deposit and related conveyor system to connect with the primary overland conveyor in year 16 prior to the start of mining operations at Sur.
A breakdown of capital cost is presented in the table 3 below:
Table 3 - Capital Cost Summary
https://preview.redd.it/qu0vgkqk4m0d1.png?width=720&format=png&auto=webp&s=f51de5948abd09f3591e4f79fd3196061dc170b0
Table 4 - Life of Mine Operating Costs Summary
https://preview.redd.it/lpyzxjrk4m0d1.png?width=720&format=png&auto=webp&s=ed405ead0db528a06a2f00624c356dcf53c5c112

Cost Area	Life-of-Mine Cost (US$M)	Unit Cost (US$/t milled)
Mining	6,685	5.68
Process	5,847	4.97
Co-Mingle Facility	116	0.11
G&A	532	0.45
Total	13,180	11.21

Social &Environmental
Alta Copper has been active in the Cañariaco area since 2004 and since that time has developed and established a wide range of relationships with a corporate policy of respect, shared involvement and value, mutual benefit and transparency. Communications with the local communities and public authorities at all levels continues to ensure that key stakeholders are aware of the Cañariaco project status and plans, and that the Company responds to community concerns and requests.
Mining
The 2024 PEAis based on open pit mining methods with conventional drilling,blasting and material loading with large electric shovels for excavation and haulage to the primary crusher using large capacity haul trucks. Independent and dedicated high-capacity electric conveyor systems will transport plant feed from the primary crusher to the process plant and waste to the comingled waste and dry stack tailings facility.
Over the life of the Cañariaco mine, two separate deposits: Cañariaco Norte ("Norte") and Cañariaco Sur ("Sur") will be mined in separate pits, with the bulk of the plant feed coming from Norte. Mining will commence in the Norte pit which will provide 100% of the process plant feed until year 16 at which point mining operations will commence at Sur. Years 17 through 25 will see mining taking place in both Norte and Sur with variable mining rates while maintaining total annual production of 43.8 million tonnes. From year 26 through end of mine life all mining will take place in Sur.
The Cañariaco open pit mining operations will have a mine life of 27 years, operating 365 days a year with a life of mine strip ratio of 1.33:1 (including pre-stripping). The mine production plan is based on mining a total of 2.72 billion tonnes of material, comprised of 1.176 billion tonnes of plant feed and 1.548 billion tonnes of waste rock over the life of the mine. Mining operations will supply the process plant at 120,000 tonnes per day or 43.8 million tonnes per annum. During the life of mine operation, annual cash-flow will vary due to annual and forecast variations in head grade, strip ratio and metal recoveries.
The major mining equipment fleet will include nine (9) blast hole drills, five (5) 38 m3 electric shovels, two (2) 33 m3 front end loaders and thirty-eight (38) 290 tonne capacity haul trucks. A fleet of smaller loaders and trucks will be utilized for early mine access development and initial pre-stripping. Electric shovel major maintenance and mobile equipment replacement are carried in the mining costs. The moderate altitude of the Project avoids the need for de-rating of mine haul truck drive systems.
Whittle Consulting's Mine Plan Optimization
A key part of the mining plan development for this 2024 PEA included comprehensive mine plan optimization analysis by Whittle. This analysis includes a very detailed assessment of metal grades, metal prices, metal recoveries, mining and processing costs throughout the deposit, and by applying advanced computational analysis, including by the use of Whittle's proprietary Prober-E software, develops an optimized mining plan to maximize the net economic value of the mining operation. A key aspect of this mine planning strategy is that it brings forward cash flow and optimizes the net present value of the deposit. This approach involves advanced pit phasing techniques and takes advantage of variable mining cutoff grades, plant feed stockpiling and blending strategies during the life of the mine plan.
Metallurgy and Processing
The Cañariaco project comprises two copper-gold-silver porphyry deposits where the main copper species are primarily sulphides, predominantly chalcopyrite with lesser amounts of bornite and chalcocite. The Sur deposit also contains molybdenum however the levels did not warrant recovery for this 2024 PEA. Extensive metallurgical testwork programs on samples from Norte have been completed over previous years, providing an extensive metallurgical database for Norte. Resource development at Sur is at a much earlier stage than Norte and accordingly the metallurgical testwork completed for Sur is preliminary. However, the testwork results received to date from Sur are very good and comparable to the results for Norte confirming the amenability of conventional flotation recovery for both Norte and Sur.
The key metallurgical design parameters applied for process design in the 2024 PEA are as follows:

• Mineralized material competency/hardness: Drop Weight Test Parameter Axb 53 (75th percentile), Bond Ball Mill Work Index 12.2 kWh/tonne (75th percentile), moderately competent and moderately soft
• Grind size P80 for flotation feed: 200 microns
• Metallurgical recoveries (life of mine): Copper 88.2 %, Gold 63%, Silver 53%
• Copper concentrate: 26% Copper, 3.7 g/t Gold, 74 g/t Silver.

Mine haul trucks will transport plant feed material to the crushing station where they will dump the material directly into a large gyratory crusher. From the crusher, plant feed material will be conveyed to a live stockpile ahead of the grinding circuit. Plant feed will be drawn from the stockpile and fed to a single 12.8 m diameter by 8.2 m EGL (Effective Grinding Length) SAG mill. SAG mill discharge will be screened to remove oversize pebbles which will be crushed in pebble crushers and returned to the SAG mill feed. SAG mill screen undersize product will be fed to two parallel 8.5 m diameter by 11.4 m EGL ball mills operating in closed circuit with cyclones to produce floatation feed at 80% minus 200 microns. The floatation circuit will comprise of rougher and cleaner flotation stages, with rougher concentrate regrinding prior to cleaner flotation. Cleaner concentrate will be dewatered using a thickener and pressure filters, then conveyed to the concentrate storage building to await transportation to the port for loadout and shipping to offshore smelters.
Waste and Tailings Handling
The Cañariaco process flowsheet has included Comingled Dry Stack tailing technology for waste rock and tailings placement. This technology is considered as "Best Practice" and is seeing more application within the global mining industry. The technology offers three key benefits:

• increases process water reclaim and recycling;
• eliminates the requirement for wet tailings containment dams and eliminates related seismic risk,
• reduces the size of tailing containment system footprint. Dry stack tailings treatment utilizes pressure filters to dewater process tailings to low moisture content with recovered water recycled to the process. The dry tailings filter cake produced are transported by belt conveyor to the tailings management facility where they can be placed or "stacked" with waste rock as a stable pile within the tailings facility. Combining the dry tailings sands with waste rock within the same pile enhances the overall stability of the pile and eliminates the need for two separate facilities.

Qualified Persons and NI 43-101 Technical Report
The 2024 PEA summarized here for the Cañariaco project was completed by Ausenco Engineering Canada ULC, of Vancouver British Columbia, with mining aspects completed by AGP Mining Consultants Inc.
The findings of the 2024 PEA will be disclosed in a NI 43-101 Technical Report which will be completed and available on SEDAR+ and Alta Copper's website on or before June 7, 2024.
The qualified persons for the 2024 PEA and this News Release are identified below:
Mr. Gordon Zurowski, P.Eng. Principal Mining Engineer at AGP Mining Consultants Inc.and an independent Qualified Person as set forth by NI 43-101, is responsible for mine design and mine capital and operating costs. Mr. Zurowski has reviewed the news release against the technical report.
Mr. Kevin Murray, P.Eng. Principal Process Engineer at Ausenco Engineering Canada ULC and an independent Qualified Person as set forth by NI 43-101, is responsible for the financial model as well as mineral processing and metallurgical resting, recovery methods, and process and infrastructure capital and operating costs. Mr. Murray has reviewed the news release against the technical report.
Mr. Scott Elfen, P.E., Global Lead Geotechnical and Civil Services at Ausenco Engineering Canada ULC and an independent Qualified Person as set forth by NI 43-101, is responsible for the waste management facility and associated capital and operating costs, and the site-wide water management design. Mr. Elfen has reviewed the news release against the technical report.
Mr. James Millard, P.Geo., Director, Strategic Projects at Ausenco Sustainability ULC and an independent Qualified Person as set forth by NI 43-101, is responsible for environmental studies, permitting, and social and community impacts. Mr. Millard has reviewed the news release against the technical report.
Joanne Freeze, P.Geo., President, CEO and Director has reviewed and approved the contents of this release for Alta Copper Corp.
About Ausenco
Ausenco is a global company redefining what's possible. The team is based across 26 offices in 15 countries delivering services worldwide. Combining deep technical expertise with a 30-year track record, Ausenco delivers innovative, value-add consulting studies, project delivery, asset operations and maintenance solutions to the minerals and metals and industrial sectors (www.ausenco.com).
About Whittle
Australia-headquartered Whittle Consulting has a 25-year proven track record helping mining companies worldwide improve NPVs and sustainability for their operations and projects. It is comprised of a group of highly experienced industry experts, who have strong technical backgrounds in a range of disciplines including geology, mining engineering, metallurgy, research, mathematics and computing, finance, operational, financial modeling and analysis, sustainability, and a thorough appreciation of practical, organizational, and contextual reality. Whittle Consulting are comfortable with complexity, not being bound by conventional thinking, and by being willing to challenge existing paradigms and conventional wisdom which can conceal the real potential of mining businesses.
About Alta Copper
Alta Copper is focused on the development of its 100% owned Cañariaco advanced staged copper project. Cañariaco comprises 97 square km of highly prospective land located 102 km northeast of the City of Chiclayo, Peru, which includes the advanced stage Cañariaco Norte deposit, Cañariaco Sur deposit and Quebrada Verde prospect, all within a 4 km NE-SW trend in northern Peru's prolific mining district. Cañariaco is one of the largest copper deposits in the Americas not held by a major.
Cautionary Note Regarding Forward Looking Statements
This press release contains forward-looking information within the meaning of Canadian securities laws ("forward-looking statements"). Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, plans, postulate and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward-looking statements. Forward-looking statements in this press release include, without limitation: the results of the 2024 PEA, including the projected CapEx, the estimated pre-tax and after-tax NPV and IRR, the estimated mine life and estimated concentrate grades; the potential production from and viability of the Cañariaco Project; the risks and opportunities outlined in the 2024 PEA; the potential tonnage, grades and content of deposits; the extent of mineral resource estimates; and estimated production and operating costs. These forward-looking statements are made as of the date of this press release. Although the Company believes the forward-looking statements in this press release are reasonable, it can give no assurance that the expectations and assumptions in such statements will prove to be correct. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements. Such factors and assumptions include, among others, variations in market conditions; the nature, quality and quantity of any mineral deposits that may be located; metal prices; other prices and costs; currency exchange rates; the Company's ability to obtain any necessary permits, consents or authorizations required for its activities; the Company's ability to access further funding and produce minerals from its properties successfully or profitably, to continue its projected growth, or to be fully able to implement its business strategies. In addition, there are known and unknown risk factors which could cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements.
Known risk factors include risks associated with exploration and project development; the need for additional financing; the calculation of mineral resources; operational risks associated with mining and mineral processing; fluctuations in metal prices; title matters; government regulation; obtaining and renewing necessary licenses and permits; environmental liability and insurance; reliance on key personnel; local community opposition; currency fluctuations; labour disputes; competition; dilution; the volatility of our common share price and volume; future sales of shares by existing shareholders; and other risk factors described in the Company's annual information form and other filings with Canadian securities regulators, which may be viewed at www.sedarplus.ca. Although we have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. We are under no obligation to update or alter any forward-looking statements except as required under applicable securities laws.
Cautionary Note to US Investors
We advise U.S. investors that this news release uses terms defined in the 2014 edition of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) "CIM Definition Standards on Mineral Resources and Mineral Reserves", as incorporated by reference in Canadian National Instrument 43-101 "Standards of Disclosure for Mineral Projects", for reporting of mineral resource estimates. These Canadian standards, including NI 43-101, differ from the requirements of the United States Securities and Exchange Commission (SEC) as set forth in the mining disclosure rules under Regulation S-K 1300. Regulation S-K 1300 uses the same terminology for mineral resources, but the definitions are not identical to NI 43-101 and CIM Definition Standards. Regulation S-K 1300 uses the term "initial assessment" for an evaluation of potential project economics based on mineral resources. This study type has some similarities to a Preliminary Economic Assessment, but the definition and content requirements of an initial assessment are not identical to the definition and content requirements for a PEA under NI 43-101.
On behalf of the Board of Alta Copper Corp.
"Giulio T. Bonifacio", Executive Chair and Director
For further information please contact: Giulio T. Bonifacio, Executive Chair and Director [gtbonifacio@altacopper.com](mailto:gtbonifacio@altacopper.com) +1 604 318 6760
or
Joanne C. Freeze, President, CEO and Director [jfreeze@altacopper.com](mailto:jfreeze@altacopper.com) +1 604 512 3359
Email: [info@altacopper.com](mailto:info@altacopper.com) Website: www.altacopper.com Twitter: https://twitter.com/Alta_Copper LinkedIn: https://www.linkedin.com/company/altacoppe Facebook: https://www.facebook.com/AltaCopperCorp Instagram: https://www.instagram.com/altacoppe YouTube: https://www.youtube.com/@AltaCopper
SOURCE: Alta Copper Corp.
View the original press release on accesswire.com
​
https://preview.redd.it/r0ay5esk4m0d1.png?width=4000&format=png&auto=webp&s=c85c88bc34b40412bec8b37e1711289b7ea5e6b1

Universal Site Links
ALTA COPPER CORP
STOCK METAL DATABASE
ADD TICKER TO THE DATABASE
www.reddit.com/Treaty_Creek
REPORT AN ERROR