Los Andes Copper Announces Closing of Royalty Agreement With Ecora Resources PLC
Los Andes Copper Announces Closing of Royalty Agreement With Ecora Resources PLC
Vancouver, British Columbia--(Newsfile Corp. - August 3, 2023) - Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") is pleased to announce that the royalty agreement (the "Royalty") reported July 24, 2023, with Ecora Resources PLC ("Ecora") for a total cash consideration of US$20,000,000 has now closed.
不列顛哥倫比亞省溫哥華-(Newsfile Corp.-2023年8月3日)-洛斯安第斯銅業有限公司(多倫多證券交易所股票代碼：LA)(OTCQX：LSANF)(以下簡稱洛斯安第斯銅業或本公司)高興地宣佈，2023年7月24日，洛斯安第斯銅業與埃克拉資源公司(Ecora Resources PLC)(以下簡稱Ecora Resources PLC)簽訂了特許權使用費協定(特許權使用費“)，總現金代價為20,000,000美元，現已成交。
The Royalty was calculated over the sale of all minerals produced from the Company's Vizcachitas Project in Chile (the "Vizcachitas Project"). Ecora will receive royalty payments calculated as 0.25% Net Smelter Royalty ("NSR") on minerals sold on open pit operations and 0.125% NSR on underground operations. The Royalty agreement is in addition to the existing NSRs in place on the Project, consisting of a 2% NSR for open pit operations and a 1% NSR on underground operations. For further details on the NSR terms and conditions, please see our press release dated July 24, 2023.
特許權使用費是按出售本公司在智利的Vizcachitas專案(“Vizcachitas專案”)生產的所有礦物計算的。Ecora將就露天作業出售的礦物收取0.25%淨冶煉廠特許權使用費(“NSR”)，就地下作業收取0.125%淨冶煉廠特許權使用費。專營權使用費協定是對該專案現有NSR的補充，包括露天作業2%的NSR和地下作業1%的NSR。有關NSR條款和條件的更多詳細資訊，請參閱我們2023年7月24日的新聞稿。
Santiago Montt, CEO of Los Andes, commented: "We are very pleased to have closed this transaction which puts us in a very strong position financially with total cash of c. C$36 million on the balance sheet as of August 2, 2023. This allows us to accelerate the implementation of a number of optimizations and further upside opportunities identified by the Pre-Feasibility Study. It also allows us to review the potential for share buy backs where they may provide attractive accretive opportunities for our shareholders. We look forward to providing further updates going forwards."
洛杉磯安第斯山脈的首席執行官聖地亞哥·蒙特評論道：我們很高興完成了這筆交易，這使我們在財務上處於非常強大的地位，截至2023年8月2日，資產負債表上的現金總額為3600萬加元。這使我們能夠加快實施前期可行性研究確定的一些優化和進一步的上行機會。它還使我們能夠審查股票回購的可能性，在這些機會中，股票回購可能為我們的股東提供有吸引力的增值機會。我們期待著未來提供進一步的最新情況。
About Los Andes Copper Ltd.
關於洛斯安第斯銅業有限公司
Los Andes Copper Ltd. is a development company with an 100% interest in the Vizcachitas Project in Chile. The Company is focused on progressing Vizcachitas, which is located along one of Chile's most prolific copper belts. Vizcachitas is one of the largest copper deposits in the Americas not controlled by the majors and the Company believes it will be Chile's next major copper mine.
洛斯安第斯銅業有限公司是一家開發公司，在智利的Vizcachitas專案中擁有100%的權益。該公司專注於Vizcachitas的進展，Vizcachitas位於智利最高產的銅礦帶之一。Vizcachitas是美洲最大的銅礦之一，不受各大銅礦公司控制，公司相信它將成為智利的下一個主要銅礦。
The Project is a copper-molybdenum porphyry deposit, located 150 kilometers north of Santiago, in an area of very good infrastructure. An independent technical report for the PFS, prepared in accordance with NI 43-101, is available on the Company's SEDAR profile.
該專案是一個銅鉬斑岩礦床，位於聖地亞哥以北150公里處，基礎設施非常完善。根據NI 43-101編寫的關於PFS的獨立技術報告可在公司的SEDAR簡介中查閱。
Los Andes Copper Ltd. is listed on the TSX-V under the ticker: LA.
洛杉磯安第斯銅業有限公司在多倫多證券交易所上市，股票代碼：LA。
For more information please contact:
如需更多資訊，請聯繫：
Santiago Montt, CEO Santiago.montt@losandescopper.com
Santiago Montt，首席執行官Santiago.montt@losandescopper.com
Tel: +56 2 2954 0450
電話：+56229540450
Elizabeth Johnson, Investor Relations Elizabeth.Johnson@losandescopper.com
電子郵件：Elizabeth Johnson@losandescopper.com投資者關系部
E-Mail: info@losandescopper.com or visit our website at
電子郵件：info@losandescopper.com或訪問我們的網站
Follow us on Twitter: @LosAndesCopper
在推特上關注我們：@LosAndesCube
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要查看本新聞稿的源版本，請訪問
譯文內容由第三人軟體翻譯。