Los Andes Copper Announces Closing of Royalty Agreement with Ecora Resources PLC
Vancouver, British Columbia--(Newsfile Corp. - August 3, 2023) - Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") is pleased to announce that the royalty agreement (the "Royalty") reported July 24, 2023, with Ecora Resources PLC ("Ecora") for a total cash consideration of US
The Royalty was calculated over the sale of all minerals produced from the Company's Vizcachitas Project in Chile (the "Vizcachitas Project"). Ecora will receive royalty payments calculated as
Santiago Montt, CEO of Los Andes, commented: "We are very pleased to have closed this transaction which puts us in a very strong position financially with total cash of c. C
About Los Andes Copper Ltd.
Los Andes Copper Ltd. is a development company with an
The Project is a copper-molybdenum porphyry deposit, located 150 kilometers north of Santiago, in an area of very good infrastructure. An independent technical report for the PFS, prepared in accordance with NI 43-101, is available on the Company's SEDAR profile.
Los Andes Copper Ltd. is listed on the TSX-V under the ticker: LA.
For more information please contact:
Santiago Montt, CEO Santiago.montt@losandescopper.com
Tel: +56 2 2954 0450
Elizabeth Johnson, Investor Relations Elizabeth.Johnson@losandescopper.com
E-Mail: info@losandescopper.com or visit our website at www.losandescopper.com
Follow us on Twitter: @LosAndesCopper
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