actualización colombiana
Orosur Mining Inc - actualización de Colombia
· LOI signed as first step in Orosur reassuming 100% ownership of Anzá Project
· Targeting completion of transaction by end of April 2024
· Planning for reassuming ownership, operatorship and recommencement of drilling está en marcha
Londres, marzo 25, 2024. Orosur Minería Inc. ("orosur" o la "Empresa") (TSXV/OBJETIVO:OMI), is pleased to announce an update on the status of the Company's flagship Anzá Project ("Project") in Colombia.
The Project is the subject of an Exploration Agreement with Venture Option ("Exploration Agreement") with Colombian company Minera Monte Águila ("MMA"). MMA is itself a 50/50 joint venture between Newmont Corporation ("Newmont") and Agnico Eagle Mines Limited ("Agnico") and is the Colombian vehicle by which these two companies jointly exercise their rights and obligations with respect to the Exploration Agreement over the Project. MMA is the current operator of the Project.
The Exploration Agreement came into effect in September 2018, with the first phase lasting four years and being successfully completed in September 2022, such that MMA earned a 51% interest in the Project. The Company and MMA then began the process of moving toward Phase 2 of the Exploration Agreement, which included a US$2 million option payment being made to Orosur in early March 2023.
Subsequent to this, as announced on May 4, 2023, the Company was informed that MMA was reviewing its alternatives in respect of the Project and may not proceed to Phase 2 of the Exploration Agreement.
The Company is pleased to announce that on March 22, 2023 it entered into a non-binding letter of intent with MMA, that provides for a transaction pursuant to which Orosur would repurchase, directly or indirectly, MMA's interest in the Project, resulting in Orosur having a 100% ownership of the Project ("Transaction"). The proposed consideration set out in the letter of intent is a net smelter return royalty of 1.5% and cash payments of up to US$15 million payable upon meeting certain agreed production thresholds.
Subject to several conditions, including but not limited to, the negotiation of definitive documentation and the completion of due diligence, the Company expects that the Transaction can be completed as early as the end of April 2024.
Further details of the Transaction remain commercially confidential and will be disclosed if and when the Transaction is completed.
Preparativos
Concurrently with negotiation of the Transaction, the Company has begun the process of preparing to reassume ownership and operatorship of the Project. This involves, among other things, the recruitment of staff, liaising with the local community, discussions with relevant contractors and suppliers and the obtaining of various permits required for field operations.
Should the Transaction be completed, the Company hopes to be able to recommence drilling operations as quickly as possible after reassuming operatorship.
Brad George, director ejecutivo de Orosur, comentó:
"After such a long period in abeyance, we are excited at the prospect of reassuming ownership and control of Anzá at this time of buoyant gold prices and heightened market interest in precious metals. Most importantly, the structure of the Transaction whereby all consideration is deferred and contingent upon production allows us to immediately direct our resources into the ground."
Para más información, visite www.orosur.ca, sigue en X @orosurm o por favor contacta:
Minería Orosur Inc.
Louis Castro, presidente
Brad George, director ejecutivo
Tel: + 1 (778) 373-0100
SP Angel Corporate Finance LLP - Nomad y Broker
Jeff Keating / Caroline Rowe / Kasia Brzozowska
Tel: + 44 (0) 20 3 470 0470
Turner Pope Investments (TPI) Ltd - Conjunto Broker
Andy Thacker / James Pope
Tel.: +44 (0) 20 3657 0050
Comunicaciones de Flagstaff
Tim Thompson
Mark Edwards
Fergus Mellon
Tel.: +44 (0) 207 129 1474
La Compañía considera que la información contenida en este anuncio constituye información privilegiada según lo estipulado en las Regulaciones de Abuso de Mercado (UE) No. 596/2014 ("MAR") que ha sido incorporada a la ley del Reino Unido por la Ley de (Retiro) de la Unión Europea 2018. Tras la publicación de este anuncio a través del Servicio de Información Regulatoria ('RIS'), esta información privilegiada ahora se considera de dominio público.
Ni TSX Venture Exchange ni su Proveedor de Servicios de Regulación (según se define ese término en las políticas de TSX Venture Exchange) acepta responsabilidad por la adecuación o exactitud de este comunicado.
Sobre el Proyecto Anzá
Anzá is a gold exploration project, comprising three exploration licences, four exploration licence applications, and a small exploitation permit, totalling in aggregate 207.5km2 in the prolific Mid-Cauca belt of Colombia.
Orosur's interest in the Anzá Project is currently held via its subsidiary, Minera Anzá S.A.
El proyecto está ubicado a 50km al oeste de Medellín y es de fácil acceso por carreteras para todo clima y cuenta con una excelente infraestructura que incluye agua, energía, comunicaciones y un gran campamento de exploración.
The Anza? Project is subject to an Exploration Agreement with Venture Option dated September 7th, 2018, as announced on September 10th, 2018, between Orosur's 100% subsidiary Minera Anza? S.A ("Minera Anza?") and Minera Monte A?guila SAS ("Monte A?guila"), a 50/50 joint venture between Newmont Corporation ("Newmont") and Agnico Eagle Mines Limited ("Agnico").
Declaraciones prospectivas
Todas las declaraciones, que no sean declaraciones de hechos históricos, contenidas en este comunicado de prensa constituyen "declaraciones prospectivas" dentro del significado de las leyes de valores aplicables, incluidas, entre otras, las disposiciones de "puerto seguro" de la Ley de Reforma de Litigios de Valores Privados de los Estados Unidos de 1995 y se basan en estimaciones y proyecciones de expectativas a la fecha de este comunicado de prensa.
Forward-looking statements include, without limitation, the exploration plans in Colombia and the funding of those plans, completion of the Transaction to re-assume 100% of the Anza Project, and other events or conditions that may occur in the future. The Company's continuance as a going concern is dependent upon its ability to obtain adequate financing, to reach profitable levels of operations and to reach a satisfactory implementation of the Creditor´s Agreement in Uruguay. These material uncertainties may cast significant doubt upon the Company's ability to realize its assets and discharge its liabilities in the normal course of business and accordingly the appropriateness of the use of accounting principles applicable to a going concern. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such forward-looking statements. Such statements are subject to significant risks and uncertainties including, but not limited to, those as described in Section "Risks Factors" of the Company's MD&A for the year ended May 31, 2023. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events and such forward-looking statements, except to the extent required by applicable law.
RNS puede usar su dirección IP para confirmar el cumplimiento de los términos y condiciones, para analizar cómo interactúa con la información contenida en esta comunicación y para compartir dicho análisis de forma anónima con otros como parte de nuestros servicios comerciales. Para obtener más información sobre cómo RNS y la Bolsa de Valores de Londres utilizan los datos personales que nos proporciona, consulte nuestra Política de privacidad.