Gunnison Copper Repays US$7.3 Million of Nebari Secured Debt, Fully Eliminating Non-Convertible Portion of Second ARCA

Core Viewpoint - Gunnison Copper Corp. has successfully repaid US$7.3 million of its non-convertible debt to Nebari, marking a significant step in its deleveraging strategy and enhancing its financial flexibility [1][3]. Debt Repayment - The repayment of US$7.3 million eliminates the non-convertible portion of the Second Amended and Restated Credit Agreement (Second ARCA) with Nebari [1]. - The remaining balance under the Second ARCA is US$5.25 million, which is convertible to equity at Nebari's discretion [2]. Financial Strategy - The company's management emphasizes reducing and ultimately eliminating debt as a core objective, with the recent repayment strengthening the balance sheet and capital structure [3]. - This achievement is expected to advance the goal of fully retiring the remaining Nebari secured debt [3]. Company Overview - Gunnison Copper Corp. is a multi-asset copper developer and producer, controlling the Cochise Mining District in Southern Arizona, which contains 12 known deposits [3]. - The flagship Gunnison Copper Project has a Measured and Indicated Mineral Resource of over 831.6 million tons with a total copper grade of 0.31% [4]. - The preliminary economic assessment (PEA) for the Gunnison Copper Project indicates a net present value (NPV) of US$1.3 billion and an internal rate of return (IRR) of 20.9% with a payback period of 4.1 years [4]. Production Capacity - The Johnson Camp Asset, now in production, is fully funded by Nuton LLC, a Rio Tinto Venture, with a production capacity of up to 25 million pounds of finished copper cathode annually [6]. - Other significant deposits in the district, such as Strong and Harris, South Star, and eight others, have the potential to serve as economic satellite feeder deposits for the Gunnison Project [6].