Ero Copper and Vale Base Metals Execute Definitive Earn-In Agreement on the Furnas Copper Project

Ero Copper Corp. (TSX: ERO, NYSE: ERO) ("Ero" or the "Company") is pleased to announce that it has signed a definitive earn-in agreement ("Agreement") with Salobo Metais S.A, a subsidiary of Vale Base Metals Limited ("VBM"), to earn a 60% interest in the Furnas Copper Project ("Furnas" or the "Project") located in the Carajás Mineral Province in Pará State, Brazil.

The terms of the Agreement align with the previously signed binding term sheet outlined in the Company's press release dated October 30, 2023. For additional detail on the Project, including location maps, geologic cross sections, historical drill intercepts and a description of the Company's work programs, please refer to the Company's press release dated October 30, 2023.

ABOUT ERO COPPER CORP

Ero is a high-margin, high-growth, low carbon-intensity copper producer with operations in Brazil and corporate headquarters in Vancouver, B.C. The Company's primary asset is a 99.6% interest in the Brazilian copper mining company, Mineração Caraíba S.A. ("MCSA"), 100% owner of the Company's Caraíba Operations (formerly known as the MCSA Mining Complex), which are located in the Curaçá Valley, Bahia State, Brazil and include the Pilar and Vermelhos underground mines and the Surubim open pit mine, and the Tucumã Project (formerly known as Boa Esperança), an IOCG-type copper project located in Pará, Brazil. The Company also owns 97.6% of NX Gold S.A. ("NX Gold") which owns the Xavantina Operations (formerly known as the NX Gold Mine), comprised of an operating gold and silver mine located in Mato Grosso, Brazil. Additional information on the Company and its operations, including technical reports on the Caraíba Operations, Xavantina Operations and Tucumã Project, can be found on SEDAR+ at www.sedarplus.ca/landingpage/ and on EDGAR ( www.sec.gov). The Company's shares are publicly traded on the Toronto Stock Exchange and the New York Stock Exchange under the symbol "ERO".

FOR MORE INFORMATION, PLEASE CONTACT

Courtney Lynn, SVP, Corporate Development, Investor Relations & Sustainability
(604) 335-7504
info@erocopper.com


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

ERO:CA
The Conversation (0)
Resource Investing

Resource Big News Roundup: Nevada Copper Files Pumpkin Hollow Open Pit Pre-Feasibility Study; Orsu Metals Announces a Maiden Inferred Mineral Resource at Its Sergeevskoe Gold Project in Russia; Blue Sky Uranium Files NI 43-101 Report for the First Preliminary Economic Assessment at Amarillo Grande

This week, the S&P/TSX Composite index (INDEXTSI:OSPTX) rose over the course of the week led by recent gains in the oil and gas industry. Canopy Growth Corp. (NYSE:CGC,TSX:WEED), Ero Copper Corp. (TSX:ERO) and Martinrea International Inc. (TSX:MRE) led the index in gains. On Thursday, the index rose 68.57 points to 16,612.81 at the end of the day. The S&P/TSX Venture Composite Index (INDEXTSI:JX), meanwhile, continued its trend from last week and steadily dropped.

In case you missed it, here is this week’s resource big news roundup:

Keep reading...Show less
Seismic graph.

Seismic Disruptions Could Cost Copper and Rhenium Industries Billions, USGS Study Shows

Astudy published by the US Geological Survey shows that earthquakes can have a "substantial" impact on mining, smelting and refining operations, creating lasting impacts for the global economy and supply chains.

Focusing on copper and rhenium, a silver-gray transition metal, the study aims to quantify the risks that earthquakes pose to supply — a variable that has not previously been systematically categorized.

Keep reading...Show less
Copper pipes laid on top of each other in bundles.

Top 5 Copper Stocks on the TSX in 2024

Copper prices saw some gains during the first quarter of the year, but supply concerns and rising demand caused the copper price to surge in Q2 to a record high on the COMEX of US$5.20 per pound, or US$11,464 per metric ton, on May 20.

Although strong demand from the energy transition has been expected to impact supply chains for some time, lower treatment charges from Chinese refiners during the first quarter introduced added pressure into the market. The low charges caused cuts to output, ultimately bottlenecking the supply of refined copper to end users.

How have TSX-listed copper companies performed since the start of 2024? Learn about the top 5 best performing copper stocks in 2024 below.

Keep reading...Show less
Spools of copper wire.

Top 5 Junior Copper Stocks on the TSXV in 2024

Many Canadian junior copper stocks are up significantly in 2024 thanks to a strong copper price.

The second quarter of 2024 saw carried-over momentum from March. Easing inflation and speculation of a manufacturing rebound fueled broad gains in commodity markets, helping to push COMEX copper prices to a record high of US$5.20 per pound, or US$11,464 per metric ton, on May 20.

Prices have found support over demand growth from energy sectors as wind and solar projects see greater uptake, particularly in China and India.

Keep reading...Show less
Copper bars.

Chinese Copper Smelters to Trim Output in Response to Falling Margins

Two Chinese copper smelters have announced plans to reduce production next year due to diminishing profit margins caused by an ongoing shortage of ore concentrate, Bloomberg reported on Tuesday (July 16).

These decisions were revealed during a quarterly meeting of Chinese smelters held in Shanghai last week.

Daye Nonferrous Metals, a major smelter based in the country's Hubei province, plans to cut its smelting output by 20 percent in 2025. The company has already implemented smaller reductions, resulting in a decline in its total refined copper production capacity, which now stands at 930,000 metric tons on an annual basis.

Keep reading...Show less

Hudbay to Host Conference Call for Second Quarter 2024 Results

Hudbay Minerals Inc. ("Hudbay" or the "company") ( TSX, NYSE: HBM) senior management will host a conference call on Tuesday, August 13, 2024 at 11:00 a.m. ET to discuss the company's second quarter 2024 results.

Second Quarter 2024 Results Conference Call and Webcast
Date: Tuesday, August 13, 2024
Time: 11:00 a.m. ET
Webcast: www.hudbay.com
Dial in: 1-844-763-8274 or 647-484-8814

Hudbay plans to issue a news release containing the second quarter 2024 results before market open on Tuesday, August 13, 2024 and post it on the company's website. An archived audio webcast will be available on Hudbay's website following the call.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
True North Copper

Noosa Mining Investor Conference

True North Copper Limited (ASX: TNC) (TNC or the Company) is pleased to present its investor presentation.
Keep reading...Show less

Latest Press Releases

Related News

×