Fancamp Provides Comment on Canadian Chrome Company Agreement Related to Magpie Mines
Fancamp Provides Comment on Canadian Chrome Company Agreement Related to Magpie Mines
VANCOUVER, British Columbia, Aug. 16, 2024 (GLOBE NEWSWIRE) -- Fancamp Exploration Ltd. ("Fancamp" or the "Company") (TSX Venture Exchange: FNC) announces that it has been informed of the expiration of a previously held agreement between KWG Resources Inc. ("KWG"), carrying on its business as the Canadian Chrome Company ("CCC"), with Peter Smith and Fouad Kamaleddine, which has been the subject of certain press releases (refer to Fancamp press release dated August 11, 2023). CCC's agreement with option to fulfill a proposed acquisition of two-thirds of the issued and outstanding special shares in the capital of The Magpie Mines Inc. from Peter Smith and Fouad Kamaleddine has lapsed.
Fancamp Exploration Ltd.("Fancamp"或"公司"](TSX Venture Exchange:FNC)的一家創業公司已確認收到關於KWG Resources Inc.("KWG"]作爲加拿大鉻業公司("CCC"]運營的有關Peter Smith和Fouad Kamaleddine的先前簽署的協議到期的消息,該協議是有關一次受到某些新聞發佈的主題(請參考Fancamp新聞發佈日期爲2023年8月11日的新聞)。CCC與Peter Smith和Fouad Kamaleddine達成的有關代表資本Magpie Mines Inc.三分之二的有特指名稱的股份提議收購選項的協議已到期。
Fancamp is a major shareholder of The Magpie Mines Inc., with ninety-six percent (96%) of the issued and outstanding common shares in the capital of Magpie Mines, a Company which owns a significant titanium property located approximately 130 kilometres from Havre St. Pierre, within the Côte-Nord region of Quebec, in the same jurisdiction as Rio Tinto's Lac Tio Mine. In addition, Fancamp retains a two-percent (2%) net smelter return royalty on the Magpie deposit and is the largest creditor of Magpie Mines. Fancamp is well-positioned in this region, that is recognized for supplying feedstock to the titanium industry, which also hosts Fancamp's 100%-owned Mingan ferro-titanium property.
Fancamp是The Magpie Mines Inc.的主要股東,持有該公司發行和流通股本中96%的普通股份,該公司擁有一個位於魁北克Côte-Nord地域板塊內離Havre St Pierre約130公里的重要鈦產權,與Rio Tinto的Lac Tio礦山位於同一司法轄區內。此外,Fancamp保留了Magpie deposit二分之一的淨冶煉廠回報權,並且是Magpie Mines的最大債權人。Fancamp在這個被認爲是鈦行業供給原材料的地域板塊處於很好的地位,這裏也是Fancamp所擁有的100%的Mingan鐵鈦石產權的所在地。
Rajesh Sharma, President and Chief Executive Officer of the Company comments, "We are pleased that, following the expiration of CCC's agreement with Peter Smith and Fouad Kamaleddine, Fancamp is able to overcome the ongoing issues with CCC related to this agreement. Fancamp is keen to pursue mutual interests and advance future constructive collaboration with CCC, which holds high quality assets in the Ring of Fire."
該公司的總裁兼首席執行官Rajesh Sharma評論道:「我們很高興得知,在CCC與Peter Smith和Fouad Kamaleddine的協議到期後,Fancamp能夠克服與這項協議有關的持續問題。Fancamp渴望追求共同利益,推進與CCC的未來建設性合作,後者擁有Ring of Fire地區高質量資產。」
About Fancamp Exploration Ltd. (TSX-V: FNC)
關於Fancamp Exploration Ltd.(TSX-V: FNC) Fancamp是一家不斷成長的加拿大礦產勘探公司,專注於通過高潛力礦產項目、特許權組合和礦產資產的中期增長與變現機會創造價值。該公司專注於通過擁有自己的礦權組合,在加拿大安大略、魁北克和新不倫瑞克省擁有銅、金、鋅、鈦、鉻、戰略稀土等礦權並不斷髮現機遇和推進對戰略礦產項目的投資。Fancamp在魁北克-拉布拉多凹陷地帶擁有現有鐵礦產業的投資、稀土元素公司NeoTerrex Minerals Inc.的投資、銅金勘探公司Platinex Inc.的投資,以及在Nova Scotia擁有近期現金流產生的鋅礦投資EDm Resources Inc.。該公司在未來準備從其在加拿大北部戰略地區Ring of Fire地帶的Koper Lake交易中獲得轉化機遇。Fancamp正在開發一種能源節約和鈦廢料回收技術,以實現其先進鈦萃取策略。該公司由具有幾十年礦業、勘探和支撐技術經驗的專注領導團隊管理。
Fancamp is a growing Canadian mineral exploration company focused on creating value through medium term growth and monetization opportunities with its strategic interests in high potential mineral projects, royalty portfolio and mineral properties. The Company is focused on an advanced asset play poised for growth and selective monetization with a portfolio of mineral claims across Ontario, Québec and New Brunswick, Canada, including copper, gold, zinc, titanium, chromium, strategic rare-earth metals and others. The Company continues to identify opportunities and in parallel aims to advance its investments in strategic mineral properties. Fancamp has investments in an existing iron ore operation in the Quebec-Labrador Trough, a rare earth elements company, NeoTerrex Minerals Inc., a copper–gold exploration company, Platinex Inc., in addition to an investment in a near term cash flow generating zinc mine, EDM Resources Inc. in Nova Scotia. The Company has future monetization opportunities from its Koper Lake transaction in the highly sought-after Ring of Fire in Northern Ontario. Fancamp is developing an energy reduction and titanium waste recycling technology with its advanced titanium extraction strategy. The Company is managed by a focused leadership team with decades of mining, exploration and complementary technology experience.
Fancamp是一家不斷髮展的加拿大礦產勘探公司,專注於通過中期增長和貨幣化機會提高價值,擁有高潛力礦業項目、版塊地域、元素許可證和其他礦產物業的戰略利益。公司專注於一種掛牌交易的高級資產,配備了加拿大安大略省、魁北克省和新不倫瑞克省的多種礦物權,包括銅、金、鋅、鈦、鉻、戰略稀土金屬等。公司繼續尋找機會,同時計劃推進戰略礦產物業的投資。Fancamp在魁北克-拉布拉多槽既有鐵礦業務,擁有一家稀土金屬公司NeoTerrex Minerals Inc.、一個銅金勘探公司Platinex Inc.和一家近期現金流的鋅礦EDm Resources Inc.的投資。該公司在Ring of Fire區域的Koper Lake交易有未來的貨幣化機會。Fancamp正在開發一種能源減少和鈦廢物回收技術,實現先進的鈦提取策略。該公司由一支專注的領導團隊管理,擁有幾十年的採礦、勘探和互補技術經驗。
Further information of the Company can be found at:
公司的更多信息可以在下面的網址找到:
For Further Information | |
Rajesh Sharma, President and CEO |
Debra Chapman, CFO |
+1 (604) 434 8829 | +1 (604) 434 8829 |
info@fancamp.ca | info@fancamp.ca |
Tara Asfour, Director of Investor Relations | |
+1 (604) 434 8829 | |
tasfour@fancamp.ca |
更多信息,請聯繫 | |
該公司的總裁兼首席執行官Rajesh Sharma |
CFO Debra Chapman |
+1 (604) 434 8829 | +1 (604) 434 8829 |
info@fancamp.ca | info@fancamp.ca |
投資者關係主管Tara Asfour | |
+1 (604) 434 8829 | |
tasfour@fancamp.ca |
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譯文內容由第三人軟體翻譯。