ENAMI

Vortex Metals Concludes the Definitive Agreement to Acquire an 80% Interest in the Illapel Copper Project, Chile

Retrieved on: 
Monday, November 20, 2023
Business, Date, Geology, Commune, Copper, Mining, TMX Group, NNE, SLM, Letter, Vein, FSE, QP, TSX Venture Exchange, VMS, Option style, Definitive, ENAMI, IOCG, ROFR, First Option, Option, Iron ore, Pharmaceutical industry, Security (finance), Bookkeeping, Reinsurance, Grocery store, Textile, Coke (fuel), Credit, Exercise, Property, Illapel, Vortex

Drilling may potentially commence after all regulatory approvals, including the approval from Toronto Venture Stock Exchange (TSXV) have been received.

Key Points: 
  • Drilling may potentially commence after all regulatory approvals, including the approval from Toronto Venture Stock Exchange (TSXV) have been received.
  • Vikas Ranjan, Chief Executive Officer and a Co-Founder of Vortex Metals, stated "we are very excited to conclude the Definitive Agreement and begin exploration work.
  • Such terms are described later in this press release under the heading Terms and Conditions of the Illapel Copper Deal.
  • All Vortex Shares issuable pursuant to the Definitive Agreement will be subject to a 12-month contractual escrow from the date of issuance.

Three Valley Copper Provides Corporate Update

Retrieved on: 
Friday, September 30, 2022
Risk, Health, Probability, Safety, Projection, COVID-19, Sale, Coquimbo Region, Company, Senior, News, Mission statement, Industry, Mining, Maintenance, MTV, Public expenditure, Investment, Copper, Analysis, Ownership, ENAMI, Xi, TVC, Water, GLOBE, JRP, Judiciary, Risk management, Security (finance)

TORONTO, Sept. 30, 2022 (GLOBE NEWSWIRE) -- (TSXV: TVC) (OTCQB: TVCCF) Three Valley Copper Corp. (Three Valley Copper or the Company) provides an update on its 95.1% owned Minera Tres Valles SpA (MTV) property near Salamanca, Region de Coquimbo, Chile.

Key Points: 
  • TORONTO, Sept. 30, 2022 (GLOBE NEWSWIRE) -- (TSXV: TVC) (OTCQB: TVCCF) Three Valley Copper Corp. (Three Valley Copper or the Company) provides an update on its 95.1% owned Minera Tres Valles SpA (MTV) property near Salamanca, Region de Coquimbo, Chile.
  • The performance of the heap leach is critical and monitored closely in the event that circumstances change that would affect the copper cathode production projection.
  • The public company, Three Valley Copper, is expected to continue as a going concern even if a liquidation event occurs at MTV.
  • Three Valley Copper, headquartered in Toronto, Ontario, Canada is focused on its primary asset, Minera Tres Valles.

Three Valley Copper Provides Update on MTV’s Filing for Creditor Protection in Chile

Retrieved on: 
Friday, July 15, 2022
NI, SEC, Canadian Institute of Mining, Metallurgy and Petroleum, News, MTV, Public expenditure, Security (finance), Investment, Xi, Risk, Disclosure, U.S. Securities and Exchange Commission, Safety, Copper, GLOBE, Water, Adoption, Exercise, TVC, An Act to exempt a particular class of securities from the Securities and Exchange Act, Industry, COVID-19, Company, JRP, Mission statement, Marketing, Health, Risk management, Metallurgy, Analysis, Petroleum, Mining, Compliance, ENAMI, Institute, Renewable energy

MTV commenced reorganization proceedings by filing a JRP in Chile on June 13, 2022, to seek protection from creditors to give MTV a further opportunity to seek a long-term financing solution to ensure MTVs continuity of operations.

Key Points: 
  • MTV commenced reorganization proceedings by filing a JRP in Chile on June 13, 2022, to seek protection from creditors to give MTV a further opportunity to seek a long-term financing solution to ensure MTVs continuity of operations.
  • This is similar to filing for creditor protection under the Companies Creditors Arrangement Act in Canada.
  • The public company, Three Valley Copper, is expected to continue as a going concern even if a liquidation event occurs at MTV.
  • Three Valley Copper, headquartered in Toronto, Ontario, Canada is focused on copper production from its primary asset, Minera Tres Valles.

Three Valley Copper Announces MTV Files for Creditor Protection in Chile

Retrieved on: 
Tuesday, June 14, 2022
Exercise, Public expenditure, Miner, Marketing, MTV, Mining, Petroleum, Copper, NI, Company, TVC, Xi, News, Security (finance), Probability, Senior, ENAMI, Investment, Mission statement, Risk, GLOBE, JRP, Health, COVID-19, Compliance, Canadian Institute of Mining, Metallurgy and Petroleum, Adoption, Analysis, SEC, Industry, Water, Metallurgy, U.S. Securities and Exchange Commission, Risk management, Disclosure, Institute, An Act to exempt a particular class of securities from the Securities and Exchange Act, Safety

This is similar to filing for creditor protection under the Companies Creditors Arrangement Act in Canada.

Key Points: 
  • This is similar to filing for creditor protection under the Companies Creditors Arrangement Act in Canada.
  • After careful consideration of all available alternatives following thorough consultation with its advisors, the Company and MTV determined that it was in the best interests of MTV to file for an application for creditor protection under the JRP.
  • The public company, Three Valley Copper, is expected to continue as a going concern even if a liquidation event occurs at MTV.
  • Three Valley Copper, headquartered in Toronto, Ontario, Canada is focused on copper production from, and its primary asset, Minera Tres Valles.

Three Valley Copper Postpones Interest Payment Due March 31, 2022

Retrieved on: 
Thursday, March 31, 2022
Adoption, An Act to exempt a particular class of securities from the Securities and Exchange Act, Company, Canadian Institute of Mining, Metallurgy and Petroleum, Forward-looking statement, Loan, Risk management, Investment, Analysis, Compliance, Public expenditure, Mining, Risk, SEC, ENAMI, Health, Failure, MTV, Xi, Mission statement, Industry, Safety, Metallurgy, Disclosure, Institute, COVID-19, U.S. Securities and Exchange Commission, GLOBE, NI, Copper, Water supply, News, Petroleum, TVC, Water, Security (finance), Bank

Certain loan principal repayments in 2022 have been deferred pursuant to an undertaking entered into between the Company and the Lenders on November 21, 2021.

Key Points: 
  • Certain loan principal repayments in 2022 have been deferred pursuant to an undertaking entered into between the Company and the Lenders on November 21, 2021.
  • A successful solution will enable MTV to continue operations and complete the ramp up of production of the Papomono mine over the upcoming twelve months.
  • If approvals from the respective parties are not obtained and longer-term funding not provided, it is expected that MTV will not have sufficient funds to operate beyond April 2022.
  • Three Valley Copper, headquartered in Toronto, Ontario, Canada is focused on growing copper production from, and further exploration of, its primary asset, Minera Tres Valles.

Three Valley Copper Initiates Strategic Review and Updates Preliminary 2022 Operating Guidance

Retrieved on: 
Wednesday, October 20, 2021
Safety, Compliance, Mission statement, Industry, Failure, Vii, Public expenditure, MTV, TVC, Analysis, Security (finance), Adoption, Ix, Forward-looking statement, NI, Copper, Water supply, SEC, An Act to exempt a particular class of securities from the Securities and Exchange Act, Canadian Institute of Mining, Metallurgy and Petroleum, Risk, Company, Investment, Disclosure, Petroleum, CAPEX, Depreciation, Technical report, COVID-19, U.S. Securities and Exchange Commission, News, ENAMI, Health, Institute, Metallurgy, Risk management, PPM, Mining, Water, Lithium

Cash Cost is a non-IFRS measure Cash costs of production include all costs absorbed into inventory less non-cash items such as depreciation.

Key Points: 
  • Cash Cost is a non-IFRS measure Cash costs of production include all costs absorbed into inventory less non-cash items such as depreciation.
  • Cash costs per pound produced are calculated by dividing the aggregate of the applicable costs by copper pounds produced.
  • Planned capital expenditures (CAPEX) for 2022 are focused primarily on open pit expansion, plant CAPEX and sustaining CAPEX of PPM for the inclined block-caving mining project.
  • Three Valley Copper, headquartered in Toronto, Ontario, Canada is focused on growing copper production from, and further exploration of, its primary asset, Minera Tres Valles.

Three Valley Copper Identifies Copper Porphyry Target, Provides Preliminary 2022 & 2023 Operating Guidance

Retrieved on: 
Tuesday, September 28, 2021
ASTER, TVC, National, Program, Forward-looking statement, Canadian Institute of Mining, Metallurgy and Petroleum, Safety, Copper, Investment, Mission statement, Industry, SEC, Disclosure, PPM, News, Cretaceous, Public expenditure, Failure, Compliance, Health, Technical report, CEO, Analysis, Technical Report Archive & Image Library, Risk, ENAMI, MTV, Water, Petroleum, Institute, U.S. Securities and Exchange Commission, Ix, Company, Xi, Adoption, Soil, SHA, Metallurgy, An Act to exempt a particular class of securities from the Securities and Exchange Act, Security (finance), NI, Water supply, Depreciation, Risk management, Ownership, Vii, CAPEX, Mining, COVID-19, Sunlight, National instrument, Lithium, Oil

Cash costs per pound produced are calculated by dividing the aggregate of the applicable costs by copper pounds produced.

Key Points: 
  • Cash costs per pound produced are calculated by dividing the aggregate of the applicable costs by copper pounds produced.
  • The identified target shows likely hydrothermal alteration characteristics of the phyllic zone of porphyry copper deposits, determined by processing ASTER satellite data sourced from the United States Geological Survey.
  • Copper porphyry deposits are associated with some of the largest long life copper mines in the world, with Chile hosting the greatest concentration of these deposits.
  • Three Valley Copper, headquartered in Toronto, Ontario, Canada is focused on growing copper production from, and further exploration of, its primary asset, Minera Tres Valles.

DANIEL LAYTON, Chairman of Ensorcia Metals and Sorcia Minerals, announces scholarship program in Chile

Retrieved on: 
Thursday, November 15, 2018
ENAMI, University of Santiago, Santiago

SANTIAGO, Chile and HOUSTON, Nov. 15, 2018 /PRNewswire/ --Daniel Layton, Chairman and CEO of Ensorcia Metals, announced in a statement today the first of a series of scholarships to be given to the University of Santiago.

Key Points: 
  • SANTIAGO, Chile and HOUSTON, Nov. 15, 2018 /PRNewswire/ --Daniel Layton, Chairman and CEO of Ensorcia Metals, announced in a statement today the first of a series of scholarships to be given to the University of Santiago.
  • "It is extremely important for me that the people and the Government of Chile know how pleased we are to be doing business in their beautiful country.
  • We will be announcing, along with the University, in December the recipient of this first master's program scholarship."
  • Ensorcia Metals, through its JV Sorcia Minerals, recently signed a development agreement with the state-owned mining company ENAMI to co-develop the lithiumindustry in Chile.