Great Southern Copper PLC (LSE:GSCU) has outlined a major resolution for consideration at its 2025 Annual General Meeting. The company is requesting approval of a Rule 9 Waiver for its largest shareholder, Foreign Dimensions Pty LTD. If granted, the waiver would allow Foreign Dimensions to exercise its outstanding warrants without triggering a mandatory takeover offer, thereby ensuring ongoing financial backing for Great Southern Copper’s projects in Chile.
The combination of warrant exercises and a convertible loan is expected to provide additional capital, supporting the company’s exploration pipeline. Funding will be directed toward advancing initiatives such as the Phase III drilling program at Mostaza. The proposal highlights both the commitment of Foreign Dimensions and the company’s determination to push forward with exploration activities in the region.
Despite this strong shareholder support, Great Southern Copper continues to face financial headwinds. With no current revenue and persistent negative cash flows, its performance remains under pressure, although its solid equity position offers some balance. Favorable technical progress and supportive corporate developments add optimism, but financial instability remains a key challenge, particularly in the absence of firm valuation data.
About Great Southern Copper PLC
Great Southern Copper PLC is engaged in the exploration of copper, gold, and silver resources in Chile. The company is focused on discovering and advancing mineral deposits along the country’s coastal belt, benefiting from well-developed local infrastructure to drive its exploration programs.
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