09:18 AM EDT, 04/22/2024 (MT Newswires) -- Nevada Copper ( NEVDF ) said on Monday that it is in talks with a third party to secure financing needed to continue operations and complete the commissioning and ramp-up of its Pumpkin Hollow underground copper mine.

A financing deal could include a change in control at Nevada Copper ( NEVDF ) said, adding that it is also in discussions with key stakeholders and other parties to secure funding. Nevada Copper ( NEVDF ) said that while Pala Investments and other stakeholders have been providing limited interim funding, they have no obligation to provide additional funding.

If it fails to secure sufficient funding in the near term, Nevada Copper ( NEVDF ) said it would not be able to continue carrying on business and may apply for creditor protection.

Nevada Copper's ( NEVDF ) share price gained 13% to $0.13 last Friday.