Welcome to our dedicated page for ASCENDANT RES ORD news (Ticker: $ASDRF), a resource for investors and traders seeking the latest updates and insights on ASCENDANT RES ORD stock.
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Ascendant Resources Inc. appoints Guy Lauzier, P.Eng. as Technical Advisor for the Lagoa Salgada project, enhancing the company's management team. Lauzier's extensive experience in mining engineering, project management, and mine operations strengthens Ascendant's technical capabilities for the project development on the Iberian Pyrite Belt in Portugal.
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Ascendant Resources Inc. (ASDRF) reports significant improvements in Zinc recoveries and concentrate grades compared to the Feasibility Study. Metallurgical results show potential for lower operating costs and simplified processes. Ongoing optimization work aims to enhance revenue potential for the Lagoa Salgada Project.
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0.23%
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Ascendant Resources Inc. announces high-resolution gravity survey results at Venda Nova North and South Deposits, identifying potential to expand Massive Sulphide Mineralization. EDM's Option extended. New targets discovered to enhance existing mineralization and project economics.
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Ascendant Resources Inc. (TSX:ASND)(OTCQB:ASDRF)(FRA:2D9) provided a summary of significant milestones achieved in 2023 and future goals for its Lagao Salgada polymetallic project in Portugal. Key achievements include a post-tax NPV8% of US$147m, 39% IRR, and an 80% ownership in the project. The company also secured UKEF and Santander support for project financing, submitted an Environmental Impact Assessment, and engaged Synergy for carbon neutrality.
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Ascendant Resources Inc. (TSX:ASND)(OTCQB:ASDRF)(FRA:2D9) has submitted an Environmental Impact Assessment Report for its Lagoa Salgada Project to the Portuguese Environmental Authority, APA. The approval is expected by June 2024, and the company plans to construct a 30MW Photovoltaic plant as part of the environmental licensing process to reduce carbon emissions and promote sustainability.
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Ascendant Resources Inc. (TSX:ASND)(OTCQB:ASDRF)(FRA:2D9) has appointed Banco Santander S.A. as Sole Mandated Lead Arranger for up to US$158m in potential UKEF Supported Project Financing for Lagoa Salgada, Portugal. The UKEF backed facility is expected to cover 70% of the project capital expenditures for the Lagoa Salgada Project on a non-recourse project financing basis for a total tenor of 7.5 years, reducing the cost of debt to Ascendant and extending tenors. The appointment of Santander is a significant milestone for the project financing of the Lagoa Salgada Project.
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Ascendant Resources Inc. (TSX: ASND)(OTCQB:ASDRF)(FRA:2D9) has amended its existing stream agreement with Sprott Streaming for an additional US$4 million funding to further optimize the development of Lagoa Salgada. The amended agreement increases the stream percentage to 2.75% of gross metals from 1.75% and the secured note from US$15 million to US$19 million. The proceeds will primarily be used to fund development works, including metallurgical work, mine plan optimization, production scheduling, and plant size enhancements at the Lagoa Salgada project, expected to improve project economics.
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Ascendant Resources Inc. (TSX:ASND)(OTCQB:ASDRF)(FRA:2D9) is finalizing an amendment to the existing metals purchase and sale agreement with Sprott Streaming, increasing the deposit by US$4 million for its Lagoa Salgada VMS project in Portugal. The amendment aims to optimize development by focusing on improved metallurgical recoveries, concentrate qualities, and an optimized mine plan and plant sizing, with the stream percentage increasing to 2.75% of gross metals from 1.75%.
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-16.55%
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Ascendant Resources Inc. has selected an international bank as the MLA for its Export Credit Agency Supported Non-Recourse Project Financing at its Lagoa Salgada Project in Portugal.
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Ascendant Resources strengthens technical team with appointment of process engineer
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ASCENDANT RES INC ORD
OTC:ASDRF
ASDRF Rankings
ASDRF Stock Data
9.14M
131.13M
0.12%
15.05%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
United States of America
Toronto