World Copper Ltd. (TSX-Venture: WCU) (OTCQB: WCUFF) announced yesterday after the market close that it has signed a non-binding letter of intent to potentially acquire a 100% interest in the Brassie Creek Project, a mineral property in British Columbia’s Kamloops mining division. The proposed deal would give the company an option to obtain full ownership of the claims through a future definitive agreement, pending regulatory approval and other conditions. If completed, the acquisition would expand World Copper’s portfolio with a copper-gold exploration asset in a well-known mining region.
The Brassie Creek Project is a porphyry-skarn copper and gold property spanning roughly 1,861 hectares about 50 km west of Kamloops, and it sits near major producing mines such as Teck Resources’ (TSX: TECK.B) (NYSE: TECK) Highland Valley Mine and New Gold’s (TSX: NGD) (NYSE: NGD) New Afton Mine. Under the LOI terms, World Copper could exercise the option by issuing 900,000 common shares, paying a total of $440,000 in cash, and committing $750,000 toward exploration work, subject to TSX Venture Exchange approval and final agreement with the arm’s-length vendor.
Shares of WCU are currently up 50% at $0.015, while U.S. listed shares are trading 46.34% higher at $0.0075 in mid-morning trading.
Copyright © 2026 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
View more of this article on AllPennyStocks.com.
About AllPennyStocks.com Media, Inc.:
Founded in 1999, AllPennyStocks.com Media, Inc. is North America's largest and longest running website dedicated exclusively to micro-cap and small-cap insights.
Catering to both Canadian and U.S. markets, AllPennyStocks.com provides a wealth of resources and expert content designed for everyone, from beginner investors to seasoned traders.
AllPennyStocks.com's content is prominently featured across numerous top-tier financial platforms, reaching a broad audience of investors and industry professionals.
Contact:
AllPennyStocks.com Media, Inc.
Email: ads@allpennystocks.com
Phone: (800) 558-4560 Ext: 101
]]>