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Candente Copper Corp. (DNT.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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0.1950-0.0050 (-2.50%)
At close: 2:06PM EST
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Previous Close0.2000
Open0.2050
Bid0.1850 x 0
Ask0.1950 x 0
Day's Range0.1900 - 0.2050
52 Week Range0.0200 - 0.2700
Volume169,759
Avg. Volume260,459
Market Cap47.483M
Beta (5Y Monthly)3.26
PE Ratio (TTM)N/A
EPS (TTM)-0.0040
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Assignment Agreement signed with Forte Copper on Don Gregorio Copper-Gold Project, Peru
    GlobeNewswire

    Assignment Agreement signed with Forte Copper on Don Gregorio Copper-Gold Project, Peru

    VANCOUVER, British Columbia, Nov. 30, 2020 (GLOBE NEWSWIRE) -- Candente Copper Corp. (TSX:DNT, BVL:DNT) ("Candente Copper”, “Company”) is pleased to announce that the Company has entered into an Assignment Agreement (“AA”) with Forte Copper Corp. (“Forte Copper”), on the Don Gregorio copper-gold porphyry project. The Company entered into an Option Agreement on the Don Gregorio project with Forte Copper (previously known as Plan B Minerals) in 2017. The recently signed Assignment Agreement allows Forte Copper to move ahead with applications for drilling permits.Under the Assignment and Option Agreements Forte Copper has the right to earn a 60% interest in the Don Gregorio property by completing the following terms: 1. Making payments of US$500,000 to Candente; and 2. Drilling 10,000 metres within three years of receiving drilling permits of which 5,000 metres must be drilled within two years; Forte Copper may pay $100/metre cash in lieu of metres not drilled. 3. The Assignment Agreement is for 5 years such that if the 10,000 metres have not been drilled (including cash paid in lieu), then the property must be returned to Candente Copper Corp. To date, the Company has received payments totalling: US$100,000 and reimbursements for fees for annual mineral rights totalling US$41,540.Candente Copper acquired the Don Gregorio from the Peruvian government in a competitive auction in 2008. Don Gregorio covers a mineralized (copper-gold) porphyry system, that occurs within the same geological trend as Yanacocha, Cerro Corona and Cañariaco.Don Gregorio (previously referred to as La Huaca) was discovered by Ingemmet (Peruvian government geological survey) in 1974 during a regional exploration program. In 1977, 8 holes were drilled to a maximum of 107 metres ("m") and intersected o.22 to o.56% Cu over 15m to 100m, averaging 50m and bottoming in mineralization. These holes were not analysed for gold.In 1992, a Newmont Buenaventura Joint Venture (“JV”) discovered a gold ("Au") zone in surface samples covering 200m by 700m coincident with copper ("Cu") previously delineated in a north-northwesterly trending zone. In 1995, the Newmont-Buenaventura JV drilled 4 holes in 800m. These 4 holes were also mineralized to final depths.The 12 holes totalling 1,642m drilled to date indicate copper and gold mineralization occurs over a minimum of 400m vertically from 2,600 to 2,200 metres in elevation.Mineral intercepts in the historic drilling include 153.3m of 0.394 percent (“%") Cu & 0.18 grams per tonne (“g/t ") Au.Surface samples collected to date include assays of: * 20m of 1.23% Cu and 0.26 g/t Au * 9m at 1.13% Cu and 0.90 g/t Au * 3m at 1.36% Cu and 0.84 g/t Au About Candente Copper Candente Copper is a mineral exploration company engaged in the acquisition, exploration, and development of mineral properties. The Company is currently focused on its 100% owned Cañariaco project, which includes the Feasibility stage Cañariaco Norte deposit as well as the Cañariaco Sur deposit and Quebrada Verde prospect, located within the western Cordillera of the Peruvian Andes in the Department of Lambayeque in Northern Peru.About Forte Copper Forte Copper is a private company that announced a go public RTO transaction with Collingwood Resources on August 18, 2020. Through its wholly owned Peruvian subsidiaries, Forte either owns, controls or, has an option to control three prospective gold and copper exploration projects in Peru. Forte Copper’s business strategy is focused on exploration target development, testing and resolution, and resource development within prominent and under-explored copper and gold regions of Peru.Joanne C. Freeze, P.Geo., CEO, is the Qualified Persons as defined by National Instrument 43-101 for the projects discussed above. She has reviewed and approved the contents of this release. This news release may contain forward-looking statements including but not limited to comments regarding timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Candente Copper relies upon litigation protection for forward-looking statements.On behalf of the Board of Candente Copper Corp. “Joanne C. Freeze” P.Geo. President, CEO and Director ___________________________________ For further information please contact:info@candentecopper.com www.candentecopper.comNR-124

  • GlobeNewswire

    Candente Copper Corp. Announces Election of Directors and Voting Results for the 2020 Annual General Meeting

    VANCOUVER, British Columbia, Sept. 18, 2020 (GLOBE NEWSWIRE) -- Candente Copper Corp. (TSX:DNT, BVL:DNT) ("Candente” or the “Company”) is pleased to announce the voting results for its Annual General Meeting of shareholders held Thursday, September 17th, 2020 in Vancouver, British Columbia. A total of 34,206,593 common shares, representing 14.05% of the Company’s issued and outstanding shares were represented at the Meeting and all motions put forward were passed.The following sets forth a summary of the voting results:Number of Directors Determining the number of Directors at six (6).Votes For:89.75% Votes Against:10.25% Election of Directors Determining the Directors to hold office until the next annual meeting of shareholders of the Company. Votes ForVotes Withheld Joanne C. Freeze98.94%1.06% Sean I. Waller94.81%5.19% Giulio Bonifacio94.95%5.05% George Elliott84.98%15.02% Andres J. Milla84.98%15.02% Agustin Pichot84.98%15.02% Appointment of Auditor Appointing Davidson and Company LLP, Chartered Professional Accountants, as Auditors of the Company for the ensuing year at a remuneration to be fixed by the Directors.Votes For:96.76% Votes Withheld: 3.24% Approval of Unallocated Options, Rights and Other Entitlements under Option Plan Approving, all unallocated options, rights and other entitlements under the Company’s Stock Option Plan. Votes For: 88.95% Votes Against:   11.05% Shareholders Rights Plan Confirming the Company’s Shareholder Rights Plan Agreement.Votes For: 99.32% Votes Against:0.68% Other Matters Approving, other business as may properly come before the Meeting or any adjournment thereof.Votes For: 89.64% Votes Against:  10.36% About Candente Copper Candente Copper is a mineral exploration company engaged in acquisition, exploration, and development of mineral properties.  The Company is currently focused on its 100% owned Cañariaco project, which includes the Feasibility stage Cañariaco Norte deposit as well as the Cañariaco Sur deposit and Quebrada Verde prospect, which all occur within a 5 km long structural setting.  The Cañariaco project is located in the western Cordillera of the Peruvian Andes in the Department of Lambayeque in Northern Peru.Joanne C. Freeze, P.Geo., President and CEO, is the Qualified Person as defined by National Instrument 43-101 for the projects discussed above. She  have reviewed and approved the contents of this release.This news release may contain forward-looking statements including but not limited to comments regarding timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Candente Copper relies upon litigation protection for forward-looking statements.On behalf of the Board of Candente Copper Corp. “Joanne C. Freeze” P.Geo. President, CEO and Director ___________________________________ For further information please contact:“Joanne C. Freeze” P.Geo. President, CEO and Director Tel +1 604-689-1957 info@candentecopper.com www.candentecopper.comNR-123

  • GlobeNewswire

    Agustin Pichot Appointed Director Representing Fortescue Metals Group

    VANCOUVER, British Columbia, Aug. 24, 2020 (GLOBE NEWSWIRE) -- Candente Copper Corp. (TSX:DNT, BVL:DNT) ("Candente Copper” or the “Company”) is pleased to announce that Mr. Agustin Pichot has been appointed to the board of directors of Candente Copper, representing Fortescue Metals Group Limited (“Fortescue”) who has a 19.9% shareholding in the Company.Mr. Pichot is President of Fortescue South America and is responsible for the development of Fortescue’s mining, energy and infrastructure business across the region. Previously (in 2000) Mr. Pichot founded Pegas Group, a large South American sport media and marketing agency and also worked in asset management and global investment strategies in the financial sector in Argentina from 2015 to 2018.Prior to 2010, Mr. Pichot spent 16 years as a player and national captain in world rugby representing Argentina and France.  He also served as an Executive Board Member, for both the Argentina Rugby Union and the International Rugby Board between 2011 and 2020.  A philanthropist, Mr. Pichot is also part of the executive teams of two foundations, Fundación Enrique Alberto Pichot and the Minderoo Foundation.On another matter, John Black has advised the company that due to his many other demanding commitments, he has decided not to stand for re-election as Director at the upcoming Annual General Meeting (“AGM”) in September.  We are pleased to advise, however, that Mr. Black will stay on as an advisor to the Company and as a member of the Cañariaco Norte Technical Committee, which the Company is forming with Fortescue. About Candente Copper Candente Copper is a mineral exploration company engaged in acquisition, exploration, and development of mineral properties. The Company is currently focused on its 100% owned Cañariaco project, which includes the Feasibility stage Cañariaco Norte deposit as well as the Cañariaco Sur deposit and Quebrada Verde prospect, located within the Western Cordillera of the Peruvian Andes in the Department of Lambayeque in Northern Peru.On behalf of the Board of Candente Copper Corp. “Joanne C. Freeze” P.Geo. President, CEO and Director ___________________________________ For further information please contact:“Joanne C. Freeze” P.Geo. President, CEO and Director Tel +1 604-689-1957 info@candentecopper.com www.candentecopper.comNR-122