Welcome to our dedicated page for Los Andes Copper news (Ticker: LSANF), a resource for investors and traders seeking the latest updates and insights on Los Andes Copper stock.
Los Andes Copper Ltd. (LSANF) is advancing Chile's Vizcachitas Project, one of the largest undeveloped copper-molybdenum deposits in the Americas. This page provides investors with official updates on exploration progress, financial partnerships, and community initiatives critical to evaluating the company's growth trajectory.
Access curated press releases covering drilling results, strategic financing agreements, and sustainability efforts, including water management collaborations like the Desala Petorca initiative. Stay informed about technical milestones through NI 43-101-compliant resource estimates and operational updates from Chile's premier mining region.
Key updates include progress on royalty streamlining with Franco-Nevada, convertible debenture developments, and magnetic survey insights expanding known mineralization. Community engagement strategies and infrastructure advantages are detailed to contextualize project viability.
Bookmark this page for direct access to verified LSANF announcements, ensuring timely insights into a strategically positioned copper developer. Check regularly for updates shaping the future of critical mineral supply chains.
Los Andes Copper (TSXV: LA) (OTCQX: LSANF) has expanded its land package for the Vizcachitas copper project in Chile by securing first-priority exploration claims over new areas. The expansion includes an 18 square kilometer block within the current property boundary and a 7 square kilometer block adjacent to the north-east corner.
The 18km² block covers higher ground bordering the Vizcachitas deposit to the southeast, near mineralized extensions identified in the 2023 drill program. Following a February 12, 2025 ruling, the cancellation of existing exploitation claims was certified on March 5, 2025, and recorded on April 1, 2025.
This expansion has increased the company's total land package to 474.4 square kilometers, with the new areas featuring highly prospective geology that could provide additional upside potential for the project.
Los Andes Copper provides a corporate update highlighting three main developments: First, a UAV magnetic survey by MWH Geo-Surveys over the Vizcachitas Project and prospective areas, confirming potential extensions and previous geological findings. Second, the successful launch of their second Female Entrepreneurs program, receiving 318 applications with 41 women selected to participate. Third, the company signed two community agreements to explore environmental offset possibilities for the Vizcachitas Project. The company's community engagement efforts reached 1,930 residents through a door-to-door program and expanded partnerships for mining-related education.
Los Andes Copper (TSXV: LA) (OTCQX: LSANF) provides an industry update following London Metal Exchange (LME) Week 2024. The event focused on ESG, the green transition, and sustainability in the metals industry. Copper was voted as the 'top prospect' for base metals, receiving 46% of the vote at the LME Metals Seminar.
Copper prices reached record highs of over $11,100 per tonne in May 2024. Analysts predict a significant deficit in long-term copper supply, with demand expected to rise due to the transition to greener energies. Morgan Stanley analyst Amy Gower noted an 'impending lack of supply' due to insufficient capex in copper.
Los Andes Copper's Vizcachitas Project in Chile is positioned to help address this supply gap. Eduardo Covarrubias, Chairman of Los Andes, emphasized the importance of copper in meeting net zero goals and the company's role in providing a sustainable supply.
Los Andes Copper (TSXV: LA) (OTCQX: LSANF) has disclosed that its second-largest shareholder, Resource Capital Fund VI L.P. (RCF), has been selling shares of the company. Based on insider reports filed on September 10, 2024, RCF sold Los Andes shares over 19 trading days between July 23 and September 9, 2024. Prior to these sales, RCF held a direct interest of approximately 13.6% in Los Andes, as well as an indirect beneficial ownership of about 9% through its equity stake in Turnbrook Mining , the company's largest shareholder. This information came to Los Andes' attention on September 10, 2024, and has prompted inquiries from several shareholders.
Los Andes Copper's CEO, Santiago Montt, has been invited by the Chilean government to participate as a panelist at the Chile Day Paris event. This public-private collaboration, sponsored by the Chilean Ministry of Finance, aims to position Chile as an attractive destination for foreign investment. The event occurs four times a year in major cities.
Montt will participate in a panel discussing 'Stimulating Investment and Growth: Accelerating Permits and Improving Regulation Benchmarks and Trends'. The panel, led by Francisco Saffie from the Ministry of Finance, will include representatives from BHP, Eren Groupe, and Los Andes Copper. Montt expressed pleasure in sharing experiences from a greenfield project perspective, highlighting the government's efforts to improve regulations and permitting processes to maintain Chile's leadership in attracting foreign investment.
Los Andes Copper (TSXV: LA) (OTCQX: LSANF) has announced its decision to issue 16,879 common shares at a deemed price of US$6.22 (C$8.48) to Queen's Road Capital Investment This issuance is to satisfy US$104,988 (C$143,066) in interest payments on three convertible debentures totaling US$14 million. The debentures, issued in 2021 and 2022, carry an 8% interest rate, with 5% payable in cash and 3% in shares. The share price for interest payments is determined by the higher of the 20-day volume-weighted average price or the Discounted Market Price as defined by TSX Venture Exchange policies. This transaction is subject to regulatory approvals, including TSX-V approval.
Los Andes Copper LSANF announced key developments for its Vizcachitas Project. Desala Petorca, a desalination project important for water security in Chile's drought-affected Petorca Province, formed a strategic alliance with Colbún S.A., a major Chilean power company. Colbún's investment and control of the project vehicle further validates the desalination project, which will supply water to Vizcachitas.
Additionally, Los Andes streamlined its royalty agreement with Franco Nevada , simplifying execution once Vizcachitas begins production. The company received a US$1,020,000 interest-free prepayment from future royalties. These developments significantly de-risk the Vizcachitas Project by ensuring sustainable water supply and strengthening the company's financial position without shareholder dilution.
Los Andes Copper announced that it will issue 13,944 common shares to satisfy US$104,998 in interest payments on US$14 million convertible debentures held by Queen's Road Capital. The debentures, issued between June 2021 and September 2022, carry an 8% interest rate with interest payable quarterly—5% in cash and 3% in shares. The shares will be issued at a price of US$7.53 each, subject to regulatory approvals. This decision aligns with the terms of the debentures, which require that shares be issued at the greater of the 20-day volume-weighted average price or the Discounted Market Price as defined by TSX-V policies.
Los Andes Copper announced a board change with Non-Executive Director Warren Gilman stepping down due to other business commitments. Gilman will become a Senior Advisor to the Board, remaining supportive. Chairman Eduardo Covarrubias expressed gratitude for Gilman's support and highlighted the company's advantageous position with an advanced copper deposit amid increasing demand and projected supply deficit.
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