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Copper Fox Announces 2021 First Quarter Operating and Financial Results
Calgary, Alberta--(Newsfile Corp. - March 29, 2021) -  Copper Fox Metals Inc. (TSXV: CUU...
About this update from Copper Fox Metals Inc.
[{"type":"text","content":"Copper Fox Announces 2021 First Quarter Operating and Financial ResultsCalgary, Alberta--(Newsfile Corp. - March 29, 2021) -  Copper Fox Metals Inc. (TSXV: CUU) (OTC Pink: CPFXF) (\"Copper Fox\" or the \"Company\") is pleased to announce that its unaudited interim consolidated January 31, 2021, financial statements have been filed on SEDAR. For the three months ended January 31, 2021, Copper Fox had a net loss of $199,324 (January 31, 2020 - $205,572) which equated to $0.00 loss per share (January 31, 2020 - $0.00 loss per share). During the three months ended January 31, 2021, the Company incurred $212,986 in expenditures primarily furthering the development of the Van Dyke and Schaft Creek copper projects. Copies of the financial statements, notes, and related management discussion and analysis may be obtained on SEDAR at www.sedar.com, the Company's web site at www.copperfoxmetals.com or by contacting the Company directly. All references to planned activities and technical information contained in this news release have been previously announced by way of news releases. All amounts are expressed in Canadian dollars unless otherwise stated.Elmer B. Stewart, President and CEO of Copper Fox stated, \"Activities during the Quarter focused on the Van Dyke and Schaft Creek projects. The results of the Preliminary Economic Assessment (\"PEA\") on the Van Dyke project exceeded expectations and established this project as a potential mid-tier copper producer. The 2021 Schaft Creek program is focused on enhancing project value based on key parameters identified over the past two years. Receipt of the Mines Act permit clears the way to add the Eaglehead project to the Company's pipeline of exploration and advanced stage projects.\"2021 Q1 HighlightsAnnounced results of the independent PEA for the Van Dyke in-situ copper recovery (\"ISCR\") project.Commissioned a PEA for the Schaft Creek project based on a 133,000 tonne per day mining and milling throughput case.Announced 2020 fourth quarter results including exercise of 8,460,167 warrants for total proceeds of $1,038,370.Subsequent to the Period EndedThe technical report titled \"NI 43-101 Preliminary Economic Assessment Technical Report for the Van Dyke Copper Project\" dated February 26, 2021, prepared by MMTS and Ausenco was filed on SEDAR. The PEA recommends a US$15.5 million b...