Shearman And Sterling

News October 28, 2022

Nevada Copper Closes Restart Financing Package

Shearman & Sterling advised Nevada Copper as they closed their Restart Financing Package. The Restart Financing Package provides up to US$123 million of liquidity to the Company in order to support the restart and ramp-up of the Company’s Pumpkin Hollow underground copper mine, which is underway. The Restart Financing Package is comprised of several sources of funding, including additional stream and royalty funding, an incremental credit facility, deferred senior project and working capital interest payments, debt consolidation and warrants, additional equity and an additional backstop facility.

Nevada Copper is a copper producer and owner of the Pumpkin Hollow copper project. Located in Nevada, USA, Pumpkin Hollow has substantial reserves and resources including copper, gold and silver. Its two fully permitted projects include the high-grade Underground Mine and processing facility, which is now in the production stage, and a large-scale open pit project, which is advancing towards feasibility status.

The Shearman & Sterling team below was supported by associate Pedro de Elizalde (New York-Capital Markets).

The Team