Coast Copper Agrees to Sell Off Red Chris Properties for $3 Million

Coast Copper has entered into an agreement to sell sell its Red Chris Mine properties to an arm’s-length reporting issuer.

In total, the company will make $3 million off the sale, which covers their Gin, Bonanza, and El Dorado properties.

Coast Copper CEO Adam Travis says the sale will allow them to focus on their Empire Mine property on North Vancouver Island.

While the agreement has been signed by both parties, the transaction is still subject to standard closing conditions, including regulatory approvals.