Base Metals

Chilean Metals Inc. ("Chilean Metals," "CMX" or the "Company") (TSXV:CMX)(SSE:CMX)(MILA:CMX) is pleased to announce it has reached subject to TSX.V approval and agreement to acquire up to 80% of the NISK property via a series of option payments and work commitments as further detailed below

Option Terms:

Grant of first option

The Corporation grants to the Optionee the exclusive right and option to acquire, on or before the date that is three (3) years from the TSX.V approval (the "Effective Date") (the "First Option Period"), an initial 50% Earned Interest in the Property (the "First Option"), free and clear of all Encumbrances other than the Permitted Encumbrances and the Royalty, subject to the terms and conditions in this Agreement.

Requirements to Exercise the First Option

In order to acquire the 50% Earned Interest under the First Option, the Optionee must:

(a) make cash payments totalling $500,000 to the Corporation (the "Cash Payments") on or before the dates set out below:

(i) a non-refundable amount of $25,000 on the date of execution of the agreement;

(ii) an amount of $225,000 within a delay of five (5) Business Days following the Effective Date; and

(iii) an amount $250,000 within a delay of six (6) months from the Effective Date;

(b) issue to the Corporation within a delay of five (5) Business Days following the Effective Date, 12,051,770 Shares (the "Share Payment") of the Optionee. The Shares issued will be issued as fully paid and non-assessable free and clear of all liens, charges and Encumbrances, and subject only to such resale restrictions and hold periods as may be imposed by applicable Securities Laws and the policies of the TSXV;

(c) incur an aggregate of $2,800,000 of Work Expenditures on the Property on or before the dates set out below:

(i) $500,000 in Work Expenditures on or before the date that is one (1) year from Effective Date;

(ii) $800,000 in Work Expenditures on or before the date that is two (2) years from Effective Date; and

(iii) $1,500,000 in Work Expenditures on or before the date that is three (3) years from Effective Date; and

Upon the Optionee having completed the Cash Payments, the Share Payment and incurred or funded the Work Expenditures on or before the expiry of the First Option Period, the Optionee may exercise the First Option by delivering notice to Critical Elements to that effect and confirming exercise of the First Option (the "First Option Exercise Notice"). Upon delivery of the First Option Exercise Notice, the Optionee shall have earned a 50% Earned Interest in the Property.

Grant of second option

Subject to the Optionee having exercised the First Option, the Corporation hereby also grants to the Optionee the exclusive right and option (the "Second Option") to increase its Earned Interest in and to the Property from 50% to 80% by incurring or funding additional Work Expenditures for an amount of $2,200,000, including the delivery of a Resource Estimate, for a period commencing on the delivery of the First Option Exercise Notice and ending on the date that is four (4) years from Effective Date (the "Second Option Period").

Following the exercise of the Second Option, until such time as a definitive Feasibility Study (the "Definitive Feasibility Study") regarding extraction and production activities on the Property is delivered to the Joint Venture, Critical Elements shall maintain a 20% non-dilutive interest in the Joint Venture and shall not contribute to any Joint Venture costs.

Operatorship

During the currency of the Agreement, except as otherwise contemplated under the Agreement, Chilean shall act as the operator (the "Operator"), and as such, shall be responsible for carrying out and administering the Work Expenditures on the Property, in accordance with work programs (the "Programs") approved by the Technical Committee. The Operator shall be entitled to receive a management fee equal to 10% of the amount of Work Expenditures incurred on internal work and equal to 5% of the amount of Work Expenditures incurred on contract work carried by third party contractors or consultants.

In the event Chilean exercises the First Option and subsequently elects not to exercise the Second Option, or in the event the Second Option is terminated, whichever the case, Chilean's right to act as Operator shall immediately terminate and Critical Elements shall become the Operator for the future conduct of Work Expenditures and Programs on the Property.

Royalty

Following the exercise of the First Option by Chilean, and in addition to the obligations of Chilean under the First and Second Option, if applicable, Critical Elements shall receive, in the event of a Lithium discovery, a royalty equal to 2% net smelter returns (the "Royalty") resulting from the extraction and production of Lithium products, including Lithium ore, concentrate and chemical, resulting from the extraction and production activities on the Property, including transformation into chemical products. Chilean shall have the right at any time to purchase 50% of the Royalty and thereby reduce the Royalty to 1% by paying to Critical Elements a total cash amount of $2,000,000.

Lithium Marketing Rights

In the event of a Lithium discovery, Critical Elements will retain Lithium Marketing Rights meaning the exclusive right of Critical Elements to market and act as selling agent for any and all Lithium products, including Lithium ore, concentrate and chemical, resulting from the extraction and production activities on the Property, including transformation into chemical products.

There will be a Finders Fee of 5% in cash on the cash paid to CRE and 5% of the stock paid CRE payable to Paradox Equity Partners Ltd., payable on closing.

"We are excited to reach agreement to explore and hopefully expand the high grade NISK deposit.
(Resource Estimate for the NISK-1 Deposit, Lac Levac Property, Nemiscau, Québec. Dated "December 2009" - Historical Resource)

  • Measured resource: 1,255,000 tonnes at 1.09% Ni; 0.56% Cu; 0.07% Co; 1.11 g/t Pd and 0.20 g/t Pt;
  • Indicated resource: 783,000 tonnes at 1.00% Ni; 0.53% Cu; 0.06% Co; 0.91 g/t Pd and 0.29 g/t Pt;
  • Inferred resource: 1,053,000 tonnes at 0.81% Ni; 0.32% Cu; 0.06% Co; 1.06 g/t Pd and 0.50 g/t Pt.

The deposit is open in all directions and there are several MAG anomaly's similar to the ones drilled to create the initial resource that have been yet untested. We believe growing this resource to make it a viable mine project is well within reason. We look at the great work Talon Metals has done on its Tamarack project and believe we have a very similar project albeit with lower Nickel grades and higher PGE on the NISK," commented Terry Lynch Chilean CEO.

About the NISK Property

The NISK property lies approximately 284 km by road north of the mining town of Chibougamau and 45 km east of the Nemiscau airport, in the James Bay territory of Quebec.

The NISK property comprises two discontinuous blocks; the NISK-1 block comprises 86 mineral claims for a total of 4,375.55 ha, while the smaller NISK-2 block comprises 4 mineral claims for a total of 312.56 ha. Together these comprise the NISK property comprising a total of 90 mineral claims for a total of 4,589.11 ha, (see Figure 1).

Figure 1 - NISK Property location, near the community of Nemaska, north of Chibougamau, Quebec.

As a result of the James Bay hydroelectric development work by Hydro-Quebec, the Nemiscau area now has excellent infrastructure.

Physiography and Access:

The Property is dominantly covered with Boreal forest, with a gentle topography of rolling hills and numerous small lakes, swamps, and local network of stream drainages. The property is accessible by variably maintained 4x4 trails and is amenable to both winter and summer exploration and drilling.

Capsulate Geology:

The NISK property is located within the late Archean-age Superior Province and is characterized by a belt of paragneisses interbedded with amphibolites, known at the Bande du Lac des Montagnes (BLM). The BLM is part of a NE orientated overturned syncline with moderately to steeply dipping limbs, which features as a prominent regional magnetic conductor (see Figure 3).

The NISK-1 deposit is hosted in an NE orientated elongated sill of serpentinized ultramafic rocks that intrude the BLM paragneiss and amphibolite sequence. The sill consists of two known intrusive phases: a "grey" unmineralized serpentinized peridotite, and a "black" mineralized serpentinized peridotite. The latter "black" serpentinized peridotite is mineralized towards its base with elevated Ni-Cu-Co-Fe sulphides. Sulphides include massive to disseminated pyrrhotite, with lesser amounts of pentlandite, chalcopyrite and pyrite, this mineralization is noted to commonly occur as a singular continuous zone.

Figure 2 - NISK-1 deposit location, historic drillhole collar locations, and property outline over regional magnetics.

Previous Work:

The NISK-1 property hosts a nickel showing discovered and evaluated by INCO and its subsidiary, Nemiscau Mines, in the period from 1962 to 1969. At the time, the Nemiscau area was very remote and INCO had large quantities of high-grade nickel ore in the Sudbury area, so the property was abandoned.

From 1987 to 1988 Muscocho Explorations Ltd completed surficial explorations that included an airborne VLF-EM and total magnetic field geophysical survey, collection, and analysis of surface rock samples, and completed diamond drilling of 16 holes totalling 1,843 m at the NISK-1 showing.

In 2006 to 2008 Golden Goose Resources completed further surficial explorations that included an airborne AeroTEM 2 - EM and magnetometry geophysical survey, and a ground TEM geophysical survey. Golden Goose Resources also completed diamond drilling of 63 holes totaling 13,088 m at the NISK-1 showing.

The 63 holes drilled by Golden Goose Resources were utilized to develop a NI 43-101 mineral resource. The resource estimation was completed by RSW INC. by Pierre Trudel Ph.D., P.Eng. and is detailed in their report entitled Resource Estimate for the NISK-1 Deposit, Lac Levac Property, Nemiscau, Québec. Dated "December 2009", the 2009 resource estimation is considered to be a "Historical Estimate" as defined by NATIONAL INSTRUMENT 43-101 STANDARDS OF DISCLOSURE FOR MINERAL PROJECTS.

The historical resource estimation culminated in the definition of Nickel, Copper, Cobalt, Palladium, Platinum resources, containing Measured, Indicated, and Inferred confidence categories as described in Table 1 below. The simplified sectional resource is developed along a single continuous drill hole intersections, developed with a cut-off grade of 0.4% Ni over a minimum width of 0.5 m, within estimation blocks measuring up to 75 m along respective sections to define the nickel-bearing zone.

Table ‑1: Historical Resource Estimate figures for respective confidence categories at the NISK-1 deposit, After RSW Inc 2009: Resource Estimate for the NISK-1 Deposit, Lac Levac Property, Nemiscau, Québec.

The information regarding the NISK-1 deposit was derived from the technical report titled "Resource Estimate for the NISK-1 Deposit, Lac Levac Property, Nemiscau, Quebec" dated December 2009. The key assumptions, parameters and methods used to prepare the mineral resource estimates described above are set out in the technical report.

Future Exploration:

The Company plans to further advance the previously defined historic resources with confirmation drilling, additional infill, and resource definition drilling. An updated resource estimate will be prepared upon completion of the additional drilling. Surface exploration is also contemplated of other prospective targets on the property.

Qualified Person

Qualified Person Luke van der Meer, P.Geo. (Licence # 37848), Independent Geological Consultant., Qualified Person under NI 43- 101 on standards of disclosure for mineral projects, has reviewed and approved the technical content of this release.

About Chilean Metalswww.chileanmetals.com/

Chilean Metals Inc. is a Canadian Junior Exploration Company focusing on high potential Copper Gold and Battery Metal prospects in Chile and Canada.

Chilean Metals Inc is 100% owner of five properties comprising over 50,000 acres strategically located in the prolific IOCG ("Iron oxide-copper-gold") belt of northern Chile. It also owns a 3% NSR royalty interest on any future production from the Copaquire Cu-Mo deposit, recently sold to a subsidiary of Teck Resources Inc. ("Teck"). Under the terms of the sale agreement, Teck has the right to acquire one third of the 3% NSR for $3 million dollars at any time. The Copaquire property borders Teck's producing Quebrada Blanca copper mine in Chile's First Region.

Chilean Metals has announced subject to TSXV approval acquisition of the Golden Ivan project in the heart of the Golden Triangle. https://chileanmetals.com/press-releases/ The Golden Triangle has reported mineral resources (past production and current resources) in total of 67 million oz of gold, 569 million oz of silver and 27 billion pounds of copper. This property hosts two (2) known mineral showings (Gold Ore, and Magee), and a portion of the past producing Silverado Mine, which was reportedly exploited between 1921 and 1939. These mineral showings are described to be Polymetallic veins that contain quantities of Silver, Lead, Zinc +/- Gold +/- Copper.

The NISK Project comprises a large land position (20km of strike length) with numerous high-grade intercepts outside the current resource area. Chilean is focused on expanding its current high-grade nickel copper PGE mineralization resource prepared in accordance with NI 43-101; identifying additional high-grade mineralization; and developing a process to potentially produce nickel sulphates responsibly for batteries for the electric vehicles industry.

ON BEHALF OF THE BOARD OF DIRECTORS OF
Chilean Metals Inc.
"Terry Lynch"
Terry Lynch, CEO
Contact: terry@chileanmetals.com
Phone 647-448-8044

Forward-looking Statements: This news release may contain certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical fact, that address events or developments that CMX expects to occur, are forward looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this document include statements regarding current and future exploration programs, activities and results. Although CMX believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration success, continued availability of capital and financing, inability to obtain required regulatory or governmental approvals and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements.

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

SOURCE: Chilean Metals, Inc.



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Power Nickel

Power Nickel

Overview

Power Nickel (TSXV:PNPN) has historically been a Chilean focused company. However, with two substantial acquisitions announced in Q4 2020 the Company has been reshaped into a multi project junior miner. Power Nickel now has an advanced high grade nickel copper cobalt PGE in the James Bay Area – the NISK deposit – the very interesting Golden Ivan project in the heart of the Southern portion of the Golden Triangle kilometers away from the recently announced Ascot Resources mine and of course its historic Chilean properties led by the Tierra De Oro project.

Company Highlights

  • Power Nickel is a mining exploration company with assets in Chile (Tierra de Oro, Zulema), British Columbia, Canada (Golden Ivan) and a pending acquisition in Quebec Canada (NISK).
  • The company recently closed C$3 million in financing.
  • The company receives 3 percent NSR royalty for its Copaquire deposit, which sold for upwards of C$3 million.
  • The company’s wholly owned Tierra de Oro and Zulema projects are located within Chile’s prolific iron-oxide-copper-gold (IOCG) belt, which hosts a number of significant copper-gold deposits.
  • The company recently acquired 100 percent of the Golden Ivan property located within British Columbia’s world-class Golden Triangle.

Key Projects

Nisk

Located in the James Bay region of Quebec this high grade Nickel Copper Cobalt PEG project with a Historical resource of over three million tonnes was optioned from Critical Elements Lithium Corporation (TSXV:CRE) in December 2020, subject to TSXV approval and agreement to acquire 80 percent of the NISK property via a series of option payments and work commitments.

The Nisk Deposit – Location Map

Previous Work

The NISK-1 property hosts a nickel showing discovered and evaluated by INCO and its subsidiary, Nemiscau Mines, in the period from 1962 to 1969. At the time, the Nemiscau area was very remote and INCO had large quantities of high-grade nickel ore in the Sudbury area, so the property was abandoned.

From 1987 to 1988 Muscocho Explorations Ltd completed surficial explorations that included an airborne VLF-EM and total magnetic field geophysical survey, collection, and analysis of surface rock samples, and completed diamond drilling of 16 holes totalling 1,843 m at the NISK-1 showing.

In 2006 to 2008 Golden Goose Resources completed further surficial explorations that included an airborne AeroTEM 2 – EM and magnetometry geophysical survey, and a ground TEM geophysical survey. Golden Goose Resources also completed diamond drilling of 63 holes totaling 13,088 m at the NISK-1 showing.

The 63 holes drilled by Golden Goose Resources were utilized to develop a NI 43-101 mineral resource. The resource estimation was completed by RSW INC and is detailed in their report entitled Resource Estimate for the NISK-1 Deposit, Lac Levac Property, Nemiscau, Québec. Dated ‘December 2009’. The 2009 resource estimation is considered to be a ‘Historical Estimate’ as defined by the National Instrument 43-101 Standards of Disclosure for Mineral Projects

The historical resource estimation culminated in the definition of Nickel, Copper, Cobalt, Palladium, Platinum resources, containing Measured, Indicated, and Inferred confidence categories as described in Table 1 below. The simplified sectional resource is developed along a single continuous drill hole intersections, developed with a cut-off grade of 0.4 percent nickel over a minimum width of 0.5 meters, within estimation blocks measuring up to 75 meters along respective sections to define the nickel-bearing zone.

Table -1: Historical Resource Estimate figures for respective confidence categories at the NISK-1 deposit, After RSW Inc 2009: Resource Estimate for the NISK-1 Deposit, Lac Levac Property, Nemiscau, Québec.

The information regarding the NISK-1 deposit was derived from the technical report titled “Resource Estimate for the NISK-1 Deposit, Lac Levac Property, Nemiscau, Québec” dated December 2009. The key assumptions, parameters and methods used to prepare the mineral resource estimates described above are set out in the technical report.

Future Exploration:

Future Work

The company plans to further advance the previously defined historic resources with confirmation drilling, additional infill, and resource definition drilling commencing in Q2. An updated resource estimate will be prepared upon completion of the additional drilling. Surface exploration is also contemplated for other prospective targets on the property.

Golden Ivan

The Golden Ivan property is situated toward the south of British Columbia’s prolific Golden Triangle, which hosts numerous profitable mineral deposits and is known to be highly prospective for large scale mineral systems, including large-scale porphyry systems, high-grade gold and silver veins, and volcanogenic massive sulphides. The Golden Triangle is host to past and current mining operations including Pretium, Eskay Creek, Johnny Mountain, Red Mountain, Snip Mine, Premier Mine, Golden Bear and Valley of the Kings. The Golden Triangle has reported mineral resources (past production and current resources) in total of 67 million oz of gold, 569 million ounces of silver and 27 billion pounds of copper.

The Golden Ivan property is located approximately 15km south west of the Red Mountain Gold/Silver deposit and 30 km south of the historic Premier Gold mine which just announced construction financing being completed to place this past producer again into production. Immediately to the south of the property significant Silver resources have recently been established at the Porter-Idaho deposit, along several mineralized veins that strike onto the Golden Ivan property.

Figure 1 – Golden Ivan as noted in Maps above is located in the heart of Golden Triangle & Close to Stewart

“Golden Ivan is a great acquisition for Chilean. The recent news from Ascot Resources regarding their now financed plans to build the Premier mine within a few kilometres of our property is certainly a positive one for all property owners in the Southern part of the Triangle. Geographically Golden Ivan’s location between StrikePoint’s Silverado project to the south and Scottie Resources to the North on a under explored and undrilled land package is certainly very interesting to us on a geological basis. The recent Geophysical work done by the Optionor makes us anxious to get in their next summer and drill those three Porphyry looking targets.” Commented Terry Lynch Power Nickel CEO.

Future Exploration

The company intends to focus future exploration efforts to determine the potential causative source intrusions of the mineralization observed across the property, and surrounding areas. The initial phase of exploration is anticipated to include systematic geological and structural and alteration mapping, as well as geochemical sampling across the property to determine any local areas of anomalism. This would be followed by ground-based geophysics to confirm local structural trends prior to proceeding with an initial drill program in the summer/fall of 2021.

Projects in Chile

Chile’s prolific Atacama iron-oxide-copper-gold (IOCG) belt hosts a number of significant copper-gold deposits, including Mantos Blancos, Manto Verde and Candelaria. The Candelaria deposit, owned by Lundin Mining (TSX:LUN), has produced 470 Mt at 0.95 percent copper, 0.22 grams per ton (g/t) gold and 3.1 g/t silver. It holds the title as the world’s second-largest iron-oxide-copper-gold deposit.

Power Nickel (TSXV:PNPN) wholly owned 5,600 hectare Tierra de Oro and 4,300 hectare Zulema projects are located within the belt. Zulema is located just 30 kilometers from the Candelaria deposit, with which it shares similar geography.

Previous exploration data generated by both the company and other historic operators have been compiled and 8,660 training points were subjected to evaluation by Windfall’s propriety CARDS AI model. CARDS uses data mining techniques to analyze compiled exploration data and to identify areas target zones with high statistical similarity to known “signatures” of areas of copper, gold and silver mineralization (Figures 3 and 4 below). A total of thirteen (13) prospective target zones were identified by the prediction analysis, of which the company has elected to drill test two of the zones.

  • The ‘Chanchero’ Zone has previously been identified as being prospective for copper porphyry style mineralization and remains untested. The area comprises a 0.75 square kilometres zone of argillic and quartz-sericite-pyrite alteration hosted by augite-hornblende diorite to granodiorite with roof pendants of hornblende monzonite. A significant colour anomaly is also evident. The area was surveyed by 3-D Induced Polarization (IP) methods in 2008 and generated a chargeability anomaly greater than 50MV/V at its core which is open at depth. The area is to be the focus of four (4) core holes that are proposed to intersect the chargeability anomaly longitudinally and at depth.

Figure 1: Locations of 4 Proposed drill holes at the Chanchero target, relative to the outline/projected shape of the greater at than 50MV/V chargeability anomaly as defined by the 2008 3-D Induced Polarization survey.

  • The ‘Iron Skarn’ zone is an AI generated target Gold anomaly which occurs along a pronounced structure and is located along strike from existing shallow artisanal gold workings. A single core hole is to be orientated to intersect the structure at depth below the projected level of the adjacent historical workings.

The Phase 1 program is to consist of 1,500 meters of core drilling is expected to be completed by mid December (2020) and assays are expected to be received in mid to late January (2021).

In addition to the drilling program, the company intends to complete a systematic sampling program over the remaining target areas identified by the AI analysis. Limited ground truth sampling on three of the AI targets produced sample results including 10.32 and 5.79 grams per tonnes gold at the Cobalt zone, and another series of nine (9) samples that graded between 0.77 percent to 3.23 percent Copper. In addition to wider surface sampling in areas where no surface indications are visible the company plans to conduct localized IP.

Figure 2: Tierra De Oro property CARDS target model-A for Copper anomalism

Figure 3: Tierra De Oro property CARDS target model-A for Gold anomalism

Figure 4: Chanchero 3D IP anomalism

“We were excited to commence drilling on TDO. In particular we believe the AI guidance will focus our search and enhance our odds of drilling success. Chanchero the large IP anomaly was home of the Chanchero Gold Rush in Chile in the early 1900s and we believe it is possible the large IP anomaly could be the causative source of that mineralization. It’s the type of drill hole Junior Miners dream about. We have de-risked it as much as we can and now we await the results of the Assays which we would expect towards the end of January,” commented Terry Lynch, Chilean Metals’ CEO.

All three of the company’s projects benefit significantly from exceptional infrastructure and access. Chilean Metals’ management team brings decades of experience and an extensive track record of success in mining exploration and resource development. The company plans to leverage technological innovation as well as C$3 million in completed financing to further develop its diverse portfolio of assets.

Management Team

Peter Kent — Chairman

Formerly with the TecSyn Group of Companies, at which he was Vice President General Counsel and Corporate Secretary. Peter brings over 25 years of business experience regarding complex business and legal affairs. In addition to his time at Tecsyn, Peter was also a corporate commercial lawyer at Bassel Sullivan, a Toronto-based boutique law firm.

Terry Lynch — CEO

Terry Lynch graduated in 1981 from St. Francis Xavier University with a joint honours degree in Economics and BBA. Prior to becoming a director with International PBX Ventures in 2012, Lynch had been CEO of privately held Nevada-focused Relief Gold. He also had been a director and later CEO of TSX-listed Firstgold Corp. He assumed the CEO position after the company had run into financial difficulty bringing its Relief Canyon mine into production. He arranged a sale of 51 percent of the company for a total capital injection of $26.5 million from Northwest Non-Ferrous Metals, one of China’s largest mining engineering and consulting groups.

From 2005 to 2008, Lynch was a partner with Kingsmill Capital Partners, a financial advisory firm specializing in advising public and private early stage growth companies. Prior to joining Kingsmill Capital, he spent 15 years operating startup companies in industrial products, oil and gas and media. Mr Lynch is currently a director and co-founder of Cardiol Therapeutics.

Greg McKenzie — Director

Greg McKenzie is a senior investment banker with 20 years of experience in financing, M&A, financial advisory, valuation and strategic advice primarily to mid-cap companies. His transactions are valued in excess of $18 billion. McKenzie has worked in New York and Toronto and has held positions with Morgan Stanley, CIBC World Markets, Haywood Securities and Salman Partners. While at these firms, Greg advised management and boards of companies in various sectors including: metals and mining, industrials, consumer products, technology and healthcare. McKenzie was also called to the bar in New York and Ontario and practiced law with a leading Canadian securities and M&A law firm.

Ximena Perez — Managing Director of Chile

Ximena Perez has 13 years of experience in Chile as an exploration and production geologist, the first five years of which she spent as a production geologist in underground mining in Cu. She developed a career as an Exploration Geologist with extensive experience in drilling program supervision, data management and geological modeling. She participated in the exploration for the expansion of Skarn Las Cenizas (Cu-Ag), Talcuna (stratabound and veins Cu-Au), Punitaqui (stratabound and veins Cu-Ag-Au) and Dayton (epithermal of Au), in the latter two as Chief Exploration Geologist.

Perez has experience in exploration consultancies for medium-sized mining, as well as independent work in resource inventories. She has served as Exploration Geologist for Chilean Metals Inc., and since 2018 she has been Managing Director Chile in the company.

Les Mallard — Director

Les Mallard is a graduate from The University of Prince Edward Island with a BA in Economics. He has spent over 30 years in the Canadian Produce Industry employed in various capacities with Chiquita Canada and Chiquita Brands North America. After retiring from Chiquita in 2017, he started Mallard Produce Solutions, a produce consulting company focused on providing North American and Latin American clients with business solutions to expand their market potential. Les is also on the Board of Directors for the Canadian Produce Marketing Association and Hydroponic Life.

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