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.
不列颠哥伦比亚省温哥华-(Newsfile Corp.-2023年8月3日)-洛斯安第斯铜业有限公司(多伦多证券交易所股票代码：LA)(OTCQX：LSANF)(以下简称洛斯安第斯铜业或本公司)高兴地宣布，2023年7月24日，洛斯安第斯铜业与埃克拉资源公司(Ecora Resources PLC)(以下简称Ecora Resources PLC)签订了特许权使用费协议(特许权使用费“)，总现金代价为20,000,000美元，现已成交。
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.
特许权使用费是按出售本公司在智利的Vizcachitas项目(“Vizcachitas项目”)生产的所有矿物计算的。Ecora将就露天作业出售的矿物收取0.25%净冶炼厂特许权使用费(“NSR”)，就地下作业收取0.125%净冶炼厂特许权使用费。专营权使用费协议是对该项目现有NSR的补充，包括露天作业2%的NSR和地下作业1%的NSR。有关NSR条款和条件的更多详细信息，请参阅我们2023年7月24日的新闻稿。
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."
洛杉矶安第斯山脉的首席执行官圣地亚哥·蒙特评论道：我们很高兴完成了这笔交易，这使我们在财务上处于非常强大的地位，截至2023年8月2日，资产负债表上的现金总额为3600万加元。这使我们能够加快实施前期可行性研究确定的一些优化和进一步的上行机会。它还使我们能够审查股票回购的可能性，在这些机会中，股票回购可能为我们的股东提供有吸引力的增值机会。我们期待着未来提供进一步的最新情况。
About Los Andes Copper Ltd.
关于洛斯安第斯铜业有限公司
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.
洛斯安第斯铜业有限公司是一家开发公司，在智利的Vizcachitas项目中拥有100%的权益。该公司专注于Vizcachitas的进展，Vizcachitas位于智利最高产的铜矿带之一。Vizcachitas是美洲最大的铜矿之一，不受各大铜矿公司控制，公司相信它将成为智利的下一个主要铜矿。
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.
该项目是一个铜钼斑岩矿床，位于圣地亚哥以北150公里处，基础设施非常完善。根据NI 43-101编写的关于PFS的独立技术报告可在公司的SEDAR简介中查阅。
Los Andes Copper Ltd. is listed on the TSX-V under the ticker: LA.
洛杉矶安第斯铜业有限公司在多伦多证券交易所上市，股票代码：LA。
For more information please contact:
如需更多信息，请联系：
Santiago Montt, CEO Santiago.montt@losandescopper.com
Santiago Montt，首席执行官Santiago.montt@losandescopper.com
Tel: +56 2 2954 0450
电话：+56229540450
Elizabeth Johnson, Investor Relations Elizabeth.Johnson@losandescopper.com
电子邮件：Elizabeth Johnson@losandescopper.com投资者关系部
E-Mail: info@losandescopper.com or visit our website at
电子邮件：info@losandescopper.com或访问我们的网站
Follow us on Twitter: @LosAndesCopper
在推特上关注我们：@LosAndesCube
To view the source version of this press release, please visit
要查看本新闻稿的源版本，请访问