Copper Fox Announces 2023 Year-End Operating and Financial Results

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Algemeen advies 08/02/2024 08:47
Calgary, Alberta--(Newsfile Corp. - February 7, 2024) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) ("Copper Fox" or the "Company") is pleased to announce that its audited annual consolidated October 31, 2023, financial statements have been filed on SEDAR+.

All the Company's subsidiaries are wholly owned.

For the year ended October 31, 2023, Copper Fox had a net loss of $1,114,512 (October 31, 2023 - $1,290,966) which equated to $0.00 loss per share (October 31, 2022 - $0.00 loss per share).

During the year ended October 31, 2023, the Company incurred $915,190 in expenditures toward furthering the development of its Schaft Creek and Van Dyke copper projects as well as exploration of its Eaglehead, Sombrero Butte and Mineral Mountain copper projects. Copies of the financial statements, notes, and related management discussion and analysis may be obtained on SEDAR+ at, the Company's web site at or by contacting the Company directly. All references to planned activities and technical information contained in this news release have been previously announced by way of news releases. All amounts are expressed in Canadian dollars unless otherwise stated.

Elmer B. Stewart, President and CEO of Copper Fox, stated, "2023 was a pivotal year with the completion of the Mineral Resource Estimate at Eaglehead and the completion of the C$17.2 million, geotechnical, and metallurgical program at Schaft Creek, this is the largest program and budget on the project since inception of the Schaft Creek Joint Venture. The Mineral Resource Estimate at Eaglehead significantly increased Copper Fox's metal balance and demonstrated the potential of this project to become a significant porphyry deposit and supply of copper in the future. Other achievements in 2023 included mitigation of several operational issues that would significantly impact copper production at Van Dyke and advancing Mineral Mountain to the drilling stage.
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