Horizon Copper Highlighted Pre-Construction Investment Advancing Hod Maden Project, Hugo North Extension Drilling, and Other Updates-March 2024-www.financetom.com

Horizon Copper Highlighted Pre-Construction Investment Advancing Hod Maden Project, Hugo North Extension Drilling, and Other Updates

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Horizon Copper Highlighted Pre-Construction Investment Advancing Hod Maden Project, Hugo North Extension Drilling, and Other Updates

Apr 1, 2025 4:36 AM

07:22 AM EDT, 04/01/2025 (MT Newswires) -- Horizon Copper ( HNCUF ) overnight Monday provided updates related to its 30% non-operating interest in the Hod Maden copper-gold development project in Turkiye, its interest in the Hugo North Extension and Heruga deposit of the Oyu Tolgoi copper mine through its 24% equity ownership of Entree Resources Ltd. ( ERLFF ) , and other corporate updates.

Among highlights, the operator of Hod Maden, SSR Mining Inc. ( SSRGF ) , has announced the expected capital expenditure in 2025 for early works construction at Hod Maden to be between US$60-$100 million on a 100% basis. Also, Entree released additional high grade assays from Hugo North Extension and Heruga.

Horizon Copper ( HNCUF ) has amended certain terms of promissory notes with Sandstorm (SSL.TO).

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