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World Copper Receives DTC Eligibility
Vancouver, British Columbia--(Newsfile Corp. - October 18, 2021) - World Copper Ltd. (TSXV: WC...
About this update from World Copper Ltd
[{"type":"text","content":"World Copper Receives DTC EligibilityVancouver, British Columbia--(Newsfile Corp. - October 18, 2021) - World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) (\"World Copper\" or the \"Company\") announces that its common shares are now eligible for book-entry and depository services of the Depository Trust Company (\"DTC\"), to facilitate electronic clearing and settlement of transfers in the United States. World Copper currently trades on the OTCQB under the ticker symbol WCUFF.DTC is a subsidiary of The Depository Trust & Clearing Corp. which manages the electronic clearing and settlement of publicly traded companies in the United States. Securities that are eligible to be electronically cleared and settled through DTC are considered DTC eligible. This electronic method of clearing securities accelerates the settlement process for investors and brokers, enabling a security to be traded over a much wider selection of brokerage firms.World Copper CEO, Nolan Peterson, stated, \"Receiving the DTC eligibility for World Copper is an excellent step forward and will now allow the Company to facilitate the trading, and efficient electronic transfer, of our common shares for U.S. investors and brokerage firms. This not only allows for faster execution of trades and improved liquidity of our common shares, but will also help to broaden our US investors base.\"ABOUT WORLD COPPER LTD.World Copper Ltd., headquartered in Vancouver, BC, is a Canadian resource company focused the exploration and development of its copper porphyry projects: Escalones and Cristal in Chile, and Zonia in Arizona. Two of these projects have estimated resources with significant soluble copper mineralization, and there are at least two other copper porphyry targets with exciting potential to expand the resource base. The Zonia project is being acquired as part of the previously announced merger transaction with Cardero Resource Corp. Please refer to news releases dated June 9th, 2021 and April 20th, 2021 for more details and for the current status of the transaction.About EscalonesThe Escalones porphyry-skarn copper-gold project has estimated inferred resources of 426 million tonnes of 0.367% total copper within the oxidized zone, based on nearly 25,000m of drill core from 53 holes. The 3.45 billion pounds of copper should be amenable to heap leaching with an average rec...