True North Copper Limited (ASX:TNC) was a mining development company focused on discovering, developing and mining copper deposits in the State of Arizona.
Today, True North Copper Limited announced that it had been granted a trading halt from the ASX. According to the company, the halt has been requested to allow a full-scale detailed investigation of the potential opportunities that the company has identified in the region.
The company’s Chairman, Daniel Alexander said, “True North Copper Limited is looking forward to a detailed review of any opportunities that may exist in the region.”
True North Copper Limited was founded in 2013 and has a strong focus on advancing and exploring for large copper deposits and providing an effective and efficient working environment for its employees.
The company is headquartered in Tucson, Arizona and its projects are located in the central Copperbelt region of Arizona.
True North Copper Limited’s focus is on discoveries that have the potential to create positive impacts on the local community and the environment. The company’s management team has a proven track record of success and deep commitment to a culture of social and environmental responsibility.
True North Copper Limited’s exploration activities are conducted with the support of local professionals and experts in the field. This ensures that the management team is able to make informed decisions on exploration and development.
True North Copper Limited was granted a private placement from Macquarie Capital in 2020 that was used to fund exploration activities and the development of its operations in Arizona.
The trading halt granted by the Australian Securities Exchange will provide True North Copper Limited with the time and space to assess the potential opportunities that it has identified in the region.
The trading halt will remain in effect until True North Copper Limited makes an announcement or the ASX decides to lift the halt. Investors should exercise caution when considering purchasing or trading in any such securities during a trading halt.