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 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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