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Ero Copper Announces 2023 Production Results and Provides 2024 Guidance

Retrieved on: 
Wednesday, February 21, 2024

VANCOUVER, British Columbia, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the “Company”) is pleased to announce its 2023 production results, 2024 guidance and three-year production outlook.

Key Points: 
  • (all amounts in US dollars, unless otherwise noted)
    VANCOUVER, British Columbia, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the “Company”) is pleased to announce its 2023 production results, 2024 guidance and three-year production outlook.
  • “We have carried this strategic momentum into 2024 as we transition from construction to commissioning at the Tucumã Project, where we anticipate initial copper concentrate production in the second half of this year.
  • With consolidated copper production on track to increase at least 35% this year and more than double in 2025, we are actively advancing our longer-term growth initiatives.
  • We are committed to building upon this track record as we position Ero to deliver peer-leading growth in the years ahead."

Ero Copper to Release Fourth Quarter and Full Year 2023 Operating and Financial Results on March 7, 2024

Retrieved on: 
Monday, February 5, 2024

VANCOUVER, British Columbia, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) (the “Company”) will publish its fourth quarter and full year 2023 operating and financial results on Thursday, March 7, 2024 after market close.

Key Points: 
  • VANCOUVER, British Columbia, Feb. 05, 2024 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) (the “Company”) will publish its fourth quarter and full year 2023 operating and financial results on Thursday, March 7, 2024 after market close.
  • The Company will host a conference call to discuss the results on Friday, March 8, 2024 at 11:30am Eastern time (8:30am Pacific time).

Ero Copper's Tucumã Project Reaches Over 85% Physical Completion - On Track for First Copper Production in H2 2024

Retrieved on: 
Tuesday, January 16, 2024

VANCOUVER, British Columbia, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) (the “Company”) is pleased to provide a construction update for the Tucumã Project (the "Project"), highlighting significant progress since October 2023. With physical completion now at over 85% and production of copper concentrate scheduled to commence in H2 2024, the Company has initiated the transition from construction to commissioning, as outlined below in the 2024 Commissioning Plan.

Key Points: 
  • With physical completion now at over 85% and production of copper concentrate scheduled to commence in H2 2024, the Company has initiated the transition from construction to commissioning, as outlined below in the 2024 Commissioning Plan.
  • "This is an exciting phase for Ero Copper as we prepare to bring Tucumã into operation later this year and anticipate consolidated copper production reaching over 100,000 tonnes in 2025.
  • Figure 1: January 2024 aerial view of advanced pre-stripping activities, which are 10% ahead of schedule and tracking towards completion at the end of Q1 2024.
  • Figure 5: Completed primary sub-station and power line with tie-in to the national grid as of January 2024.

Core Scientific, Inc. Announces Final Results of Oversubscribed $55 Million Equity Rights Offering

Retrieved on: 
Monday, January 8, 2024

Core Scientific, Inc. (OTC: CORZQ) ("Core Scientific" or the “Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced the final results of its $55 million Equity Rights Offering (“ERO”).

Key Points: 
  • Core Scientific, Inc. (OTC: CORZQ) ("Core Scientific" or the “Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced the final results of its $55 million Equity Rights Offering (“ERO”).
  • The ERO was oversubscribed, and the aggregate subscriptions (including oversubscriptions) exceeded $55 million at which the ERO is capped.
  • The final results of the offering render the previously arranged ERO backstop funding unnecessary and represent another significant milestone in the Company’s path to emergence and re-listing.
  • “The oversubscription for our equity rights offering signals shareholders’ strong confidence in our business and strategy,” said Adam Sullivan, Core Scientific’s Chief Executive Officer.

Core Scientific, Inc. Announces Agreement in Principle on Terms of Chapter 11 Global Plan Settlement with All Key Stakeholders and Extension of Equity Rights Offering Subscription Deadline

Retrieved on: 
Thursday, December 21, 2023

Core Scientific, Inc. (OTC: CORZQ) ("Core Scientific" or the “Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced it has reached an agreement in principle with all key stakeholders on the terms of a global settlement (the “Global Settlement”) of its Chapter 11 cases.

Key Points: 
  • Core Scientific, Inc. (OTC: CORZQ) ("Core Scientific" or the “Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced it has reached an agreement in principle with all key stakeholders on the terms of a global settlement (the “Global Settlement”) of its Chapter 11 cases.
  • “The global settlement removes key hurdles to our anticipated emergence from Chapter 11 in January,” said Adam Sullivan, Core Scientific’s Chief Executive Officer.
  • In light of the Global Settlement and adjournment of the Combined Hearing, the deadline for participating in the Equity Rights Offering has been extended to Thursday, December 28, 2023.
  • The Rights Offering Procedures and Subscription Form can be found and submitted by clicking here .

Ero Copper Completes US$111 Million Bought Deal Financing

Retrieved on: 
Tuesday, November 14, 2023

VANCOUVER, British Columbia, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the “Company”) is pleased to announce the closing of its offering, on a bought deal basis, of 9,010,000 common shares, including 500,000 common shares issued pursuant to the partial exercise of the Underwriters’ (as defined below) over-allotment option (the “Common Shares”), at a price of US$12.35 per Common Share (the “Offering Price”) for gross proceeds of approximately US$111 million (the "Offering").

Key Points: 
  • VANCOUVER, British Columbia, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the “Company”) is pleased to announce the closing of its offering, on a bought deal basis, of 9,010,000 common shares, including 500,000 common shares issued pursuant to the partial exercise of the Underwriters’ (as defined below) over-allotment option (the “Common Shares”), at a price of US$12.35 per Common Share (the “Offering Price”) for gross proceeds of approximately US$111 million (the "Offering").
  • Prospectus Supplement” and together with the “Canadian Prospectus Supplement”, the “Prospectus Supplements”) forming part of the Company’s effective registration statement on Form F-10 (the “Registration Statement”) filed under the Canada/U.S.
  • multi-jurisdictional disclosure system.
  • Copies of the applicable offering documents can be obtained free of charge under the Company’s profile on SEDAR+ at www.sedarplus.ca/landingpage/ and EDGAR at www.sec.gov.

Core Scientific, Inc. Announces Extension of Equity Rights Offering Subscription Period to December 15

Retrieved on: 
Thursday, December 7, 2023

Core Scientific, Inc. (OTC: CORZQ) ("Core Scientific" or the “Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced the subscription deadline for its Equity Rights Offering (“ERO”) has been extended to December 15, 2023.

Key Points: 
  • Core Scientific, Inc. (OTC: CORZQ) ("Core Scientific" or the “Company”), a leader in high-performance blockchain computing data centers and software solutions, today announced the subscription deadline for its Equity Rights Offering (“ERO”) has been extended to December 15, 2023.
  • Shareholders of Core Scientific as of the record date of November 16, 2023 have the right to subscribe to the Company’s Equity Rights Offering.
  • To accommodate response and processing times for qualified shareholders and their brokers, the deadline for participating in the ERO has been extended to Friday, December 15, 2023.
  • The Rights Offering Procedures and Subscription Form can be found and submitted by clicking here .

Ero Copper Announces US$105 Million Bought Deal Financing

Retrieved on: 
Monday, November 6, 2023

VANCOUVER, British Columbia, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the “Company”) has announced today that it has entered into an agreement with a syndicate of underwriters, led by BMO Capital Markets (collectively, the “Underwriters”), under which the Underwriters have agreed to purchase, on a bought deal basis, 8,510,000 common shares (the “Common Shares”), at a price of US$12.35 per Common Share for gross proceeds of approximately US$105 million (the “Offering”).

Key Points: 
  • VANCOUVER, British Columbia, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the “Company”) has announced today that it has entered into an agreement with a syndicate of underwriters, led by BMO Capital Markets (collectively, the “Underwriters”), under which the Underwriters have agreed to purchase, on a bought deal basis, 8,510,000 common shares (the “Common Shares”), at a price of US$12.35 per Common Share for gross proceeds of approximately US$105 million (the “Offering”).
  • The Offering is expected to close on or about November 14, 2023 and is subject to the Company receiving all necessary regulatory approvals, including the approval of the Toronto Stock Exchange and New York Stock Exchange.
  • Common Shares may also be offered on a private placement basis in other international jurisdictions in reliance on applicable private placement exemptions.
  • Copies of the applicable offering documents, when available, can be obtained free of charge under the Company’s profile on SEDAR+ at www.sedarplus.ca/ landingpage/ and EDGAR at www.sec.gov.

Ero Copper Announces Changes to the Board of Directors

Retrieved on: 
Wednesday, November 1, 2023

VANCOUVER, British Columbia, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the “Company”) is pleased to announce the appointment of Faheem Tejani to the Company's Board of Directors (the "Board"), effective today, as part of the Company's ongoing Board succession planning.

Key Points: 
  • VANCOUVER, British Columbia, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the “Company”) is pleased to announce the appointment of Faheem Tejani to the Company's Board of Directors (the "Board"), effective today, as part of the Company's ongoing Board succession planning.
  • "On behalf of the Board, I would like to extend our appreciation to Matt for his invaluable contributions and dedication since joining us in 2016," said Christopher Noel Dunn, Chairman of the Board.
  • His deep experience in finance, combined with his previous board experience, will bring diverse perspectives to our discussions and decision-making."
  • Mr. Tejani also notably served on the Board of Directors of Pretium Resources from 2018 to 2022.

Ero Copper Agrees with Vale Base Metals to Enter into Earn-in Agreement for a 60% Interest in the Furnas Copper Project

Retrieved on: 
Monday, October 30, 2023

"We are delighted for the opportunity to partner with VBM to advance the Furnas copper project.

Key Points: 
  • "We are delighted for the opportunity to partner with VBM to advance the Furnas copper project.
  • We are fully committed to unlocking value for all stakeholders by accelerating what we believe is a world-class project," said David Strang, Chief Executive Officer.
  • Furnas is an IOCG project located approximately 50 kilometers southeast of VBM's Salobo operations and approximately 190 kilometers northeast of Ero's Tucumã Project.
  • Figure 1: Map of the Carajás Mineral Province, highlighting the location of Furnas as well as the Tucumã Project.