Montan Mining CEO Ian Graham Targets Cashflow in 2016

Montan Mining (TSXV:MNY) commenced trading on the TSX Venture Exchange today. The Company is focused on advancing the 26-sq-km Alicia Project in southern Peru which has high-grade copper potential. Montan holds a 100% interest in property, subject to a 2% NSR. The property has approximately $5 million of recent spending by Teck and Strait Minerals Inc.

Montan Mining was an amalgamation of Strait Minerals Inc. and Montan Capital Corp., created with a focus on development in Peru.

As quoted in the press release:

• New management team is led by Mr. Ian Graham – CEO (ex- Rio Tinto / Anglo American) and includes Mr. Michel Robert – Director (former Senior Vice President of Pan American Silver) and Mr. Luis Zapata – Executive Chairman (former Head of Latin America Institutional Equity Sales at Canaccord Genuity and Peru-based).
• Transaction creates a new Peru-focused mine development company.
• Company will look to grow through project advancement and M&A with a focus on advanced and cash-flow mining opportunities.

Montan Mining CEO Ian Graham spoke to the Investing News Network at the Red Cloud Mining’s pre-PDAC event about the newly-formed company with a sole focus on Peru. “At Montan Mining, we’ll be looking to take our company into near-term cashflow. Targeting cashflow in 2016.” Montan Mining is “looking forward to exploring and delineating the potential of the high grade skarns that are located at the project,” adds Mr. Graham. Aside from targeting cashflow in 2015, the Company also plans to acquire other near-term projects with cashflow potential.