Panoro Announces Joint Venture with JOGMEC for Humamantata Project

Panoro Minerals (TSXV:PML) has announced the execution of a joint venture agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC) on its Humamantata property in Peru. JOGMEC will have an option to earn up to 60 percent indirect beneficial interest with the investment of US$8.0 Million.

President and CEO of Panoro, Luquman Shaheen said:

“Panoro is pleased to complete this agreement with JOGMEC whereby the company has financed another of its attractive early stage projects. Earlier in 2018, the company earned a 2 percent NSR royalty on its Kusiorcco project by securing an investment commitment by Hudbay. These two early stage projects complement the company’s two advanced stage projects; Cotabambas and Antilla, highlighting Panoro’s unique pipeline of Peru focussed copper exploration and development projects. We look forward to continuing to identify creative financing alternatives to move our significant pipeline of projects through exploration, engineering, permitting and into development.”

Click here to read the full Panoro Minerals (TSXV:PML) press release.