How AI Legalese Decoder can Simplify Copper Fox’s 2024 First Quarter Operating and Financial Results
- March 20, 2024
- Posted by: legaleseblogger
- Category: Related News
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## AI legalese decoder: Helping You Understand legal Jargon
Calgary, Alberta–(Newsfile Corp. – March 20, 2024) – Copper Fox Metals Inc. **(TSXV: CUU) (OTCQX: CPFXF) (“Copper Fox” or the “Company”)** is delighted to announce the filing of its unaudited interim consolidated financial statements as of January 31, 2024, on SEDAR+.
### Financial Results
For the three months ended January 31, 2024, Copper Fox reported a net loss of $230,877 (compared to $279,590 in the same period of 2023). This loss translated to $0.00 loss per share for both periods.
During the first quarter of 2024, the Company invested $503,344 in exploration activities, with a focus on advancing projects such as Van Dyke (Miami, AZ), Mineral Mountain (Mineral Mountain Mining District, AZ), Sombrero Butte (Bunker Hill Mining District, AZ), and Eaglehead (Liard Mining District, BC) copper projects. Copies of the financial statements and related documents can be accessed on SEDAR+, the Company’s website, or by direct contact.
### Expansion and Progress
Elmer B. Stewart, President and CEO of Copper Fox, emphasized the efforts made during the quarter to derisk the Van Dyke and Schaft Creek projects. The Schaft Creek Joint Venture (“SCJV”) completed a significant field program and announced plans for a C$18.7 million budget for 2024 to advance the Schaft Creek project to the Prefeasibility Study stage. Moreover, progress on the Van Dyke project enabled data collection for the permitting stage.
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### Conclusion
Copper Fox’s exploration efforts have yielded positive results across its projects, with significant milestones achieved in the first quarter of 2024. The Company’s dedication to advancing its projects and strategic partnerships underscores its commitment to long-term growth and value creation.
*For more information on Copper Fox and its projects, visit www.copperfoxmetals.com or contact Lynn Ball at 1-844-464-2820 or [email protected].*
*On behalf of the Board of Directors,*
*Elmer B. Stewart
President and Chief Executive Officer*
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*Disclaimer: This release has been prepared for informational purposes only. It does not constitute financial advice or an investment recommendation. Please consult with a qualified financial advisor before making any investment decisions.*
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