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Freeport Financing and Operational Update

Freeport Financing and Operational Update

Freeport融资和运营更新
newsfile ·  06/24 20:30
  • Freeport has raised $4.4M thus far in its ongoing private placement and will undertake a final closing in late June.

  • Freeport has commenced an Internal Project Optimization Review while it continues discussions with Strategic Partners to advance its 100%-owned Yandera Project.

  • Copper prices continue to be strong at approx. US$9,800/t ($4.40/lb) as demand for copper undergoes an unprecedented structural change driven by the global energy transition.

  • Proximity to Asia, the world's largest copper refiner and consumer, positions the Yandera Copper Project as an attractive potential long-term source of copper supply.

  • Freeport在进行的定向增发中已融资了440万美元,并将在6月底完成最后的结算。

  • Freeport已开始进行内部项目优化审查,同时继续与战略伙伴讨论其100%拥有的Yandera项目的推进。

  • 由于全球能源转型驱动铜需求发生了前所未有的结构性变化,铜价仍然强劲,每吨约为9800美元(每磅4.4美元)。

  • 距离亚洲——世界上最大的铜精炼和消费国——近,使Yandera Copper Project成为一个有吸引力的潜在长期铜供应来源。

Vancouver, British Columbia--(Newsfile Corp. - June 24, 2024) - Freeport Resources Inc. (TSXV: FRI) (OTCQB: FEERF) (FSE: 4XH) ("Freeport Resources" or the "Company") is pleased to announce that it has raised approximately $4.4 million thus far in the ongoing private placement with a final tranche expected to close at the end of June.

不列颠哥伦比亚省温哥华市-(Newsfile Corp.-2024年6月24日)-Freeport Resources Inc。(TSXV:FRI)(OTCQB:FEERF)(FSE:4XH)(")很高兴地宣布,其在定向增发的进行中已筹集到了约440万美元,最后一份交易预计将在6月底结束。Freeport Resources"或"公司自从Yandera许可证获得更新(到2025年)和从定向增发中获得资金后,公司已经开始了内部项目优化审查,同时继续与潜在的战略伙伴进行讨论,以将Yandera Copper Project推进到确定性可行性研究阶段。

With the recent Yandera license renewal through 2025 and funds from the private placement, the Company has commenced an internal project optimization review while discussions continue with potential strategic partners to advance the Yandera Copper Project to a Definitive Feasibility Study.

通过本次筹集的资金和最近的Yandera许可证更新,使得现在对该项目进行内部优化评估、同时与潜在的战略伙伴进行讨论来将Yandera Copper Project推进到确定性可行性研究阶段的时间是理想的。

"The current financing has been well received by investors with an additional and final tranche expected by month-end. Funds raised will be used for general working capital purposes and to advance work on the internal project optimization review and to continue discussions and outreach to prospective strategic partners. Yandera is one of the world's largest undeveloped copper projects and ranks as the largest undeveloped copper project in Asia, the world's leading copper refiner and consumer. Over USD $200 million has been expended on the project since 2005, culminating in a comprehensive 2017 Pre-Feasibility Study delineating one of the world's largest undeveloped copper resources.* With the extension of the exploration license through November 2025, timing for this fund raising and internal optimization review is ideal. We are excited to have re-commenced work on the project in parallel with ongoing discussions involving potential strategic partners to advance the project through Definitive Feasibility Study and development of the mine. We look forward to updating shareholders as discussions progress " commented Mr. Gord Friesen, Chief Executive Officer, Freeport Resources.

"这次筹集资金的当前反应强烈,预计将在月底完成额外的最后一笔交易。筹集的资金将用于一般营运资金以及推进内部项目优化审查的工作并继续与潜在战略伙伴进行讨论和接触。Yandera是世界上最大的未开发的铜矿项目之一,也是亚洲最大的未开发的铜矿项目,自2005年以来在该项目上已经花费了超过2亿美元,其中包括综合性的2017年可行性研究报告,报告描述了世界上最大的未开发的铜资源之一。Freeport Resources的首席执行官Gord Friesen先生评论说:“在拓展潜在的战略伙伴关系和推动该项目实现确定性可行性研究和矿山的开发方面,我们很高兴重新开始了该项目的工作。我们期待能够向股东更新讨论的进展情况。

In connection with its outreach efforts, the Company has entered into a service agreement with Native Ads, Inc. ("Native Ads") dated June 20, 2024, pursuant to which Native Ads will provide a marketing campaign for a total upfront retainer of US$265,000, with a term of up to twelve months or until the retainer is depleted. Under the agreement, Native Ads will execute a comprehensive digital media advertising campaign for the Company, where approximately 75% of the campaign budget will be allocated to cost per click costs, media buying and content distribution, and search engine marketing. The remaining budget will be allocated for content creation, web development, advertising creative development search engine optimization, campaign optimization, and reporting and data insights services. Native Ads is a full-service advertising agency based out of New York and Vancouver, BC. Native Ads is arm's length to the Company and holds no interest, directly or indirectly, in the securities of the Company or any right to acquire such an interest. The engagement of Native Ads is subject to the approval of the TSX Venture Exchange.

为加强推广力度,截至2024年6月20日,本公司与Native Ads, Inc.(以下简称“Native Ads”)签订了《服务协议》,Native Ads将以总预付款265,000美元的价格,提供营销服务,服务期最长且不超过12个月或预付款用尽。在该协议下,Native Ads将为公司执行一项全面的数字媒体广告活动,其中约75%的活动预算将用于点击成本、媒体采购和内容分发、以及搜索引擎营销。剩余预算将用于内容创作、网站开发、广告创意开发、搜索引擎优化、活动优化以及报告和数据洞察服务。Native Ads是一家总部位于纽约和温哥华的全方位广告代理商。Native Ads与本公司自始至终保持一定的距离,没有直接或间接持有本公司证券或获得这样的权利。雇用Native Ads需要获得TSX创业公司交易所的批准。

Yandera - One of the World's Largest Undeveloped Copper Projects

Yandera-世界上最大的未开发的铜矿项目之一

Freeport Resources' wholly-owned Yandera Copper Project is located in the highly prolific PNG Orogenic Belt, the same geological arc as some of the world's largest gold and copper deposits including Grasberg, Frieda River, Porgera, Lihir, Wafi-Golpu and Kainantu. Yandera is a project of strategic national interest in PNG and has the potential to become one of the country's most significant copper mines. The project's proximity to Asia, the world's largest copper refiner and consumer, positions Yandera as an attractive potential long-term source of copper supply.

Freeport Resources完全拥有的Yandera Copper Project位于高产的巴布亚新几内亚Orogenic Belt,与世界上一些最大的金铜矿床(包括Grasberg,Frieda River,Porgera,Lihir,Wafi-Golpu和Kainantu)位于同一地质弧线上。Yandera是巴布亚新几内亚的一项战略性国家利益项目,具有成为该国最重要的铜矿之一的潜力。该项目靠近亚洲-全球最大的铜精炼和消费国,使得Yandera成为一个有吸引力的潜在长期铜供应来源。

The renewed license EL 1335 covers a 245.5 square kilometer ("km") tenement comprising the Yandera Project. Approximately USD $200 million in exploration and development expenditures have been spent on EL 1335 since 2005. Work completed and studies funded to date include approximately 154,600 meters of exploration drilling, the vast majority of which has focused on the Yandera Central deposit, as well as scoping studies, engineering studies, environmental studies, the 2017 Pre-Feasibility Study*, and infrastructure-related studies.

新授予的EL 1335许可证覆盖了占地245.5平方公里的权益,包括Yandera项目。从2005年以来,已经在EL 1335上花费近2亿美元,完成了近154,600米的勘探钻井工作,其中大部分集中在Yandera Central矿床上,以及范围研究、工程研究、环境研究、2017年可行性研究*和基础设施相关研究。

The 2017 Pre-Feasibility Study titled, Independent Technical Report on the Yandera Project - Pre-Feasibility Study*, prepared by Worley Parsons, with an effective date of November 27, 2017, estimated a historical open-pit, Measured and Indicated Resources of 728 million tonnes grading 0.39% copper equivalent.

2017年的可行性研究报告名称为Yandera项目独立技术报告-可行性研究*,由Worley Parsons准备,有效日期为2017年11月27日,该报告估计了一个历史开放式矿井,测量和指示资源的量为7.28亿吨,品位为0.39%的铜当量。

The internal project optimization review is part of Freeport Resources' ongoing strategic review process aimed at maximizing the value of the Yandera Copper Project which the Company believes is significantly undervalued based on historical expenditures, current copper prices and the potential for resource expansion. The Company's internal project optimization review will be led by Dr. Nathan Chutas, Senior Vice-President of Operations, who helped manage the 2017 Pre-Feasibility Study.

该内部项目优化审查是Freeport Resources持续战略审查过程中的一部分,旨在最大限度地提高Yandera Copper Project的价值。公司认为该项目的价值与历史开支、当前的铜价以及资源扩展的潜力相比还相当低估了。该公司的内部项目优化审查由高级运营副总裁Nathan Chutas博士领导,他曾协助管理2017年的可行性研究。

* Independent Technical Report on the Yandera Project - Pre-Feasibility Study, prepared for Era Resources Inc. and dated effective November 27, 2017. The study was prepared prior to the Company acquiring an interest in the Yandera Project, and is derived from historical estimates which the Company is not treating as current. This information is intended to provide readers with context on historical analysis conducted on the Yandera Project, however the Company cautions that a qualified person has not done sufficient work to classify any historical estimates in respect of the Yandera Project as current and any analysis conducted by previous owners of the Project may rely upon assumptions which are no longer reasonable or accurate in the context of the current market.

* Yandera项目独立技术报告-可行性研究,为Era Resources Inc.制定,有效日期为2017年11月27日。该研究是在公司获得对Yandera项目的利益之前准备的,来源于历史估算,公司不将之视为当前的数据。此信息意在为读者提供Yandera项目上所进行的历史性分析,但公司警告说,资格人员还没有对Yandera项目的任何历史估算进行足够的工作以使其成为当前的数据,之前的所有者对该项目进行的任何分析可能会依赖于目前市场状况下不再合理或准确的假设。

Yandera - Feasibility Study

Yandera - 可行性研究

The renewal of EL 1335, through November 19, 2025, allows Freeport Resources to commence work on a Definitive Feasibility Study to advance the Yandera Copper Project toward a Final Investment Decision. Concurrent with the Definitive Feasibility Study program planning, Freeport Resources has begun discussions with key international strategic investors and prospective partners for development of the Yandera Copper Project. Demand for copper is undergoing unprecedented structural change driven by the global energy transition with mined copper supply forecast to enter a deficit position starting as early as 2025 (see Copper Supply and Demand Imbalance Chart below).

通过2025年11月19日的EL 1335的更新,Freeport Resources将开始进行确定性可行性研究,以推进Yandera铜项目走向最终投资决策。随着确定性可行性研究计划的同步进行,Freeport Resources已经开始与国际重要战略投资者和潜在的伙伴商讨Yandera Copper Project 的开发。随着铜的需求进行前所未有的结构性变化,开采铜的供应预计从2025年开始进入逆差地位。

Copper Mine Supply vs Demand

铜矿供需对比图

Copper Mine Supply vs Demand

铜矿供需对比图

To view an enhanced version of this graphic, please visit:

要查看此图形的增强版本,请访问:

The Definitive Feasibility Study will build on earlier work undertaken with local and regional communities to determine opportunities to achieve mutually beneficial partnerships and sustainable long-term social benefits related to job creation, indigenous advancement, health and wellness, environment, education and community development.

《明确可行性研究》将根据此前与当地和区域社区展开的工作,确定实现互利合作和可持续长期社会利益的机会,包括就业创造、土著进步、健康和福利、环境、教育和社区发展方面。

Freeport and the Community

自由港和社区

The Yandera Copper Project is 95-km southwest of the capital city of Madang Province and 235-km to the northwest of Lae which is the largest port city in PNG and an important industrial center. As one of the largest undeveloped copper resources* in the world, the Yandera Project has the potential to support communities and create jobs along the Yandera Corridor. The Company anticipates the potential economic influence of the Yandera Copper Project could span 5 provinces and create wealth for generations including, but not limited to, strategic road and highway building, power generation and related infrastructure.

Yandera铜矿项目位于Madang省的首府西南95公里处,距巴布亚新几内亚最大的港口城市及重要工业中心莱镇北西235公里处。作为世界上最大的未开发铜矿资源之一,Yandera项目有能力支持沿着Yandera地区的社区并创造就业机会。公司预计,Yandera铜矿项目的潜在经济影响可能覆盖5个省份并为未来几代人创造财富,包括但不限于战略性公路和高速公路建设、发电和相关基础设施建设。

The landowners and communities of Yandera are stakeholders in the Yandera Project. The overwhelming community support that the Company received at the Warden's Hearing held during the summer of 2023, demonstrated the level of commitment the people of Yandera have for the project. Freeport is also firmly committed to advancing the project and continuing support of the community. The Company expects to continue to develop initiatives to be an active and visible presence in the Community.

扬德拉的土地所有者和社区是扬德拉项目的利益相关者。公司于2023年夏天举行的矿监听证会上获得压倒性的社区支持,表明扬德拉人民对该项目的承诺程度。自由港也坚定地致力于推进该项目并继续支持社区。公司预计将继续制定计划,成为社区中积极的、显著的存在。

Private Placement

私募交易

The Company is conducting a non-brokered private placement (the "Offering") of up to 140,000,000 units (each, a "Unit") at a price of $0.05 per Unit for gross proceeds of up to $7,000,000. Each Unit will consist of one common share of the Company and one-half-of-one share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to acquire an additional common share at a price of $0.25 for a period of twenty-four months.

该公司正在进行非经纪定向增发,发行上限为1.4亿个单位(每个单位价格为0.05美元),募集总额最高为700万美元。每个单位包括一股公司普通股和半个认股权证(每个完整的认股权证为一个““”)。每个认股权证将使持有人有权以0.25美元的价格购买额外的普通股份,有效期为二十四个月。增发计划单位认股权证权证该募集所得将用于继续开发扬德拉铜矿项目、推进项目优化审查和一般营运资金用途。

Proceeds from the Offering are expected to be used to continue development of the Yandera Copper Project, to advance the project optimization review, and for general working capital purposes.

有关该募集的完成,公司可能向符合条件的第三方支付引荐订阅用户数。所有在该募集中发行的证券将有限制转售期为发行后四个月零一天,符合适用的证券法规。该募集的完成仍需获得TSX交易所的批准。

In connection with completion of the Offering, the Company may pay finders' fees to eligible third parties who have assisted in introducing subscribers to the Offering. All securities issued in connection with the Offering will be subject to resale restrictions for a period of four-months-and-one-day following issuance, in accordance with application securities laws. Completion of the Offering remains subject to the approval of the TSX Venture Exchange.

Nathan Chutas博士,自由港资源的高级运营副总裁,是《43-101国家规定》的合格人员。Chutas博士已审查和批准了本公告中的技术内容。

Qualified Person

合格人士

Dr. Nathan Chutas, PhD, CPG, Senior Vice-President of Operations for Freeport Resources, is a qualified person for the purposes of National Instrument 43-101. Dr. Chutas has reviewed and approved the technical content in this announcement.

Freeport Resources是一家加拿大矿产勘探公司,主要专注于推进在巴布亚新几内亚马当省扬德拉铜-金-钼项目的开发。扬德拉项目是世界上最大的未开发的铜-金矿床之一,面积约为245.5平方公里。

About Freeport Resources Inc.

关于 Freeport Resources Inc.

Freeport Resources is a Canadian mineral exploration company with a primary focus on advancing the development of the Yandera copper-gold-molybdenum project, located in Madang Province, Papua New Guinea. The Yandera project is one of the largest undeveloped copper-gold deposits in the world covering approximately 245.5 square kilometers.

Freeport 资源是一家加拿大的矿业勘探公司,主要专注于推进位于巴布亚新几内亚马当省的 Yandera 铜金钼项目的开发。Yandera 项目是世界上最大的未开发铜金矿床之一,面积约为245.5平方千米。

Please visit or contact the email address below for more information.

请访问以下网址或联系以下电子邮件地址获取更多信息。

On behalf of the Board,
Freeport Resources Inc.
Gord Friesen, Chief Executive Officer
T. (236) 334-1660
E. gord@freeportresources.com

代表董事会,
Freeport Resources Inc.
首席执行官 Gord Friesen
T.(236) 334-1660
E. gord@freeportresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

TSX Venture Exchange及其监管服务提供商(如TSX Venture Exchange的政策所定义的)均不承担本新闻发布的充分性或准确性的责任。

This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule", "intends" and similar words or expressions identify forward-looking statements or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

本新闻通告可能包含《1995年美国私人证券诉讼改革法》和适用的加拿大证券法规的某些“前瞻性声明”。当在本新闻通告中使用时,“预计”、“相信”、“估计”、“期望”、“目标”、“计划”、“预测”、“可能”、“时间表”、“意图”及类似的词语或表达方式往往是识别前瞻性的声明或信息。这些声明代表了公司对未来事件的当前看法,且必须基于公司认为合理的一系列假设和估计,但这些假设和估计本质上面临着重大的商业、经济、竞争、政治和社会风险、不确定性和可能性。许多已知和未知的因素都可能导致结果、表现或成就与此类前瞻性声明或信息所表明的结果、表现或成就有实质性的不同。公司不打算并且也不承担任何义务,更新此类前瞻性声明或信息以反映其假设变化、环境变化或任何其他影响此类声明和信息的事件,除非适用的法律、规定和法规要求。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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