Copper

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Barksdale Resources

Advanced Precious and Base Metals Properties in Mexico and Arizona

BRO:CA
TSXV:BRO

Overview

Barksdale Resources (TSXV:BRO,OTCQX:BRKCF) is a Canadian exploration company focused on the acquisition and exploration of highly prospective mineral properties in the USA and Mexico. The company’s assets are centered in high value mining districts where discovery and future consolidation potential is strong. Barksdale has spent years developing a loyal following, including key shareholders such as Teck Resources (TSX:TECK.A,NYSE:TECK) and Osisko Development Corp (TSX:ODV).

Barksdale’s flagship asset is a portfolio of four projects located in the Patagonia mining district of southern Arizona, which has seen a significant mineral discovery as well as $1.6 billion of M&A since 2018. Following years of consolidation, Barksdale is now the second largest mineral claim holder in the area behind South32 (ASX:S32), and controls four projects including Sunnyside, San Antonio, Four Metals and Guajalote. Barksdale is actively advancing exploration drill permits so that it can fully explore its projects, especially Sunnyside, where the company hosts a large copper porphyry and the extension of South32’s Taylor deposit.

Barksdale’s immediate focus will be at San Javier, which is a copper-gold project in central Sonora, Mexico. The project is located within a kilometre of both the national highway and power grid and is less than two hour drive from the state capital of Hermosillo. With over $10 million of historical work including 30,000 meters of drilling conducted, Barksdale is positioned to fast-track their San Javier project.

Copper is a key element in the manufacturing of many electrical products used across the world today. With increasing interest in renewable resources, which heavily depend on copper for the transmission of electricity, the demand for this resource only stands to increase. Barksdale’s portfolio of assets deliver investors catalysts at every stage of the copper mining life cycle from discovery, exploration and near term production.

Barksdale Resources’ Company Highlights

  • Barksdale Resources CEO Rick Trotman has successfully acquired and integrated world class properties; his integral experience and reputation has allowed him to recruit industry leaders and partners.
  • Barksdale currently operates four key projects: Sunnyside, San Antonio and Four Metals projects in the Patagonia district, Arizona and San Javier in Sonora, Mexico.
  • Arizona is the heart of copper production in the US – 68% of all copper mined in America comes from Arizona. Most notable are the significant porphyry copper deposits found in Southern Arizona.Barksdale is actively permitting three projects for exploration and will commence drilling in early 2021.Teck Resources and Osisko Development Corp are key shareholders, with approximately 20% combined ownership
  • Barksdale is actively reviewing and qualifying other properties as an ongoing strategy to increase shareholder value.
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Recent News

Company News

Northern Dynasty: Pebble Partnership Reacts to U.S. Environmental Protection Agency's Announcement to Pursue Political Preemptive Veto Again

Northern Dynasty Minerals Ltd. reports that John Shively, CEO of its 100%-owned U.S-based subsidiary Pebble Limited Partnership released the following statement about today's news that the U.S. Environmental Protection Agency intends to advance its preemptive veto of the Pebble Project"This is clearly a giant step backwards for the Biden Administration's climate change goals. I find it ironic that the President is ...

Northern Dynasty Minerals Ltd. (TSX:NDM) (NYSE American:NAK) ("Northern Dynasty" or the "Company" or "NDM") reports that John Shively, CEO of its 100%-owned U.S-based subsidiary Pebble Limited Partnership ("Pebble Partnership" or "PLP") released the following statement about today's news that the U.S. Environmental Protection Agency ("EPA") intends to advance its preemptive veto of the Pebble Project

"This is clearly a giant step backwards for the Biden Administration's climate change goals. I find it ironic that the President is using the Defense Production Act to get more renewable energy minerals such as copper into production while others in the Administration seek political ways to stop domestic mining projects such as ours. As we are still actively working through the established permitting process via our appeal of the Army Corps of Engineers permit denial, we oppose any action that is outside of that process. This preemptive effort is clearly a political maneuver to attempt to block our ability to work through that established process. Further, the Army Corps of Engineers published an Environmental Impact Statement ("EIS") for Pebble in 2020 with input from many agencies including the EPA that states that the project can be done without harm to the region's fisheries. The EIS further notes the tremendous economic opportunity the project represents for the communities around Iliamna Lake where year-round jobs are scarce, and the cost of living is very high. We still need an opportunity to review the specific details that will be in the preemptive veto action. It is also worth noting that there are several additional internal steps that the EPA must follow before anything is final including a public comment period and a decision by the Assistant Administrator. The Pebble Project remains an important domestic source for the minerals necessary for the Biden Administration to reach its green energy goals and if it blocks Pebble it will have to seek minerals to meet its goals from foreign sources which simply do not have the same environmental standards as we do."

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Drilling at West Desert Confirms New Mineralised Zone

American West Metals Limited (American West or the Company) (ASX: AW1) is pleased to announce that drill hole WD22-19 - the first exploration drill hole completed by American West - has delivered a discovery that may potentially represent a significant extension of the known mineralisation at the West Desert Project in Utah (West Desert or the Project).

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Teck Announces Cash Tender Offer for up to US$500 million of Debt Securities

Teck Resources Limited announced today that it commenced a cash tender offer to purchase up to US$500 million aggregate principal amount of its outstanding notes listed in the table below in the order of priority shown in the table below. Includes the Early Tender Premium of US$50 per US$1,000 principal amount of Notes for each Series . The terms and conditions of the Tender Offer are described in an Offer to ...

Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) ("Teck") announced today that it commenced a cash tender offer (the "Tender Offer") to purchase up to US$500 million aggregate principal amount (subject to increase or decrease by Teck, the "Aggregate Maximum Tender Amount") of its outstanding notes listed in the table below (collectively, the "Notes" and each a "Series" of Notes), in the order of priority shown in the table below.

Acceptance Priority Level CUSIP / ISIN Title of Security
Aggregate Principal Amount Outstanding
Reference U.S. Treasury Security Bloomberg Reference Page Fixed Spread (basis points) (1)
1 878742AW5 / US878742AW53 6.250% Notes due 2041 US$794,717,000 3.250% U.S. Treasury due May 15, 2042 FIT1 230
2 878742AE5 / US878742AE55 6.125% Notes due 2035 US$609,355,000 2.875% U.S. Treasury due May 15, 2032 FIT1 230
3 878742AS4 / US878742AS42 6.000% Notes due 2040 US$490,670,000 3.250% U.S. Treasury due May 15, 2042 FIT1 230
4 878742AZ8 / US878742AZ84 5.400% Notes due 2043 US$376,908,000 3.250% U.S. Treasury due May 15, 2042 FIT1 230
5 878744AB7 / US878744AB72 5.200% Notes due 2042 US$399,043,000 3.250% U.S. Treasury due May 15, 2042 FIT1 230
6 878742BE4 / US878742BE47
878742BG9 / US878742BG94
3.900% Notes due 2030 US$550,000,000 2.875% U.S. Treasury due May 15, 2032 FIT1 195

(1) Includes the Early Tender Premium of US$50 per US$1,000 principal amount of Notes for each Series (the "Early Tender Premium").

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Hudbay Receives Favourable U.S. District Court Ruling on Copper World

Hudbay Minerals Inc. received a favourable decision from the U.S. District Court for the District of Arizona relating to the company’s Copper World project in Arizona. The District Court ruled in favour of Hudbay on all issues, including that Copper World and Rosemont are not connected under the National Environmental Policy Act and, therefore, that the Army Corps of Engineers does not have an obligation to ...

Hudbay Minerals Inc. ("Hudbay" or the "company") ( TSX, NYSE: HBM) received a favourable decision from the U.S. District Court for the District of Arizona ("District Court") relating to the company's Copper World project in Arizona. The District Court ruled in favour of Hudbay on all issues, including that Copper World and Rosemont are not connected under the National Environmental Policy Act ("NEPA") and, therefore, that the Army Corps of Engineers ("ACOE") does not have an obligation to include Copper World as part of its NEPA review of Rosemont. The District Court also granted Hudbay's motion to dismiss the Copper World preliminary injunction request filed by the plaintiffs in the two lawsuits challenging the Section 404 Clean Water Act permit for Rosemont on the basis that the lawsuits are moot after the company surrendered its 404 permit back to the ACOE in April 2022. The ACOE has never determined that there are jurisdictional waters of the U.S. on the Copper World site and Hudbay has independently concluded through its own scientific analysis that there are no such waters in the area.

In April 2022, the company commenced early site works at Copper World with initial grading and clearing activities continuing at site. The company also continues exploration and technical work at site with seven drill rigs conducting infill drilling and supporting future feasibility studies.

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