Solaris closes $39m financing for Warintza copper project in Ecuador
The net proceeds will be used primarily for exploration and infill drilling at the project and for regional exploration.
The net proceeds will be used primarily for exploration and infill drilling at the project and for regional exploration.
Anglo's Azerbaijan-based subsidiary will receive $3 million immediately and a further $2 million upon resumption of flotation processing.
The company may also look to enter new markets in Saudi Arabia and Oman.
The study forecasts an initial capex of $388 million and an after-tax NPV of $501 million.
The trades are part of a broader deluge of investment into the copper market, with the value of long positions held by fund managers in London and New York futures tripling this year.
Treaty Creek, in the Golden Triangle region of northwest British Columbia, is a joint venture project with Tudor Gold and Teuton Resources.
The Macpass project is hailed as one of the world's largest undeveloped zinc resources.
Construction at the project, dubbed “Paloma”(dove), is expected to start in early 2027, with Codelco's partner to be announced in early 2025.
Just two years after listing on the ASX, Culpeo Minerals (ASX: CPO; US-OTC: CPORF) is drilling high-grade copper in Chile at its two main […]
Russia plans to speed up its only lithium production project by 3-4 years from an originally planned 2030.