Los Andes Copper Ltd. , announces that Non-Executive Director, Warren Gilman, is stepping down from the Board due to other business commitments. Warren will become a Senior Advisor to the Board and remains actively supportive of the Company. Eduardo Covarrubias, Chairman of Los Andes, commented: "We would like to thank Warren for his invaluable support and time on the Board over the past three years. We are delighted that [...]
Los Andes Copper Ltd. announces that in accordance with the terms of the US$5,000,000, US$4,000,000 and US$5,000,000 eight per cent convertible debentures issued to Queen's Road Capital Investment Ltd. on June 2, 2021, April 4, 2022 and September 2, 2022 the Company has elected to issue 12,012 common shares in the capital of the Company at a deemed price of US$8.74 to Queen's Road Capital as payment for US$104,985 in [...]
Los Andes Copper Ltd. announces the issuance of a total of 40,000 options to management of the Company in accordance with the Company's Stock Option Plan. In line with the progress of the Company's Vizcachitas project, the options are exercisable at a price of $15.00 and have an expiration date of December 30, 2026. Santiago Montt, CEO of Los Andes, commented: "The delivery of the Pre-Feasibility Study in 2023, which [...]
Los Andes Copper Ltd. announces that in accordance with the terms of the US$5,000,000, US$4,000,000 and US$5,000,000 eight per cent convertible debentures issued to Queen's Road Capital Investment Ltd. on June 2, 2021, April 4, 2022 and September 2, 2022 the Company has elected to issue 12,365 common shares in the capital of the Company at a deemed price of US$8.49 to Queen's Road Capital as payment for US$104,979 in [...]
Los Andes Copper Ltd. , is pleased to provide an industry update following London Metal Exchange Week. The annual gathering of the global metals community in London at LME Week included representatives from the breadth of the supply chain, with discussions centering around current trends in metals markets and outlooks for the year ahead. ESG and the green transition was a principal focus at LME Week 2023. The London [...]
Los Andes Copper Ltd. is pleased to announce that it has appointed ERM to conduct a strategic analysis of the licensing process for the Vizcachitas Project and to define the required baseline studies. ERM is a leading global, full-service, sustainability consulting firm. They have been operating in Latin America since the 1990s with 7 offices in the region, and more than 160 offices globally. In Chile specifically they [...]
Los Andes Copper Ltd. is pleased to announce that it has appointed ERM to conduct a strategic analysis of the licensing process for the Vizcachitas Project and to define the required baseline studies. ERM is a leading global, full-service, sustainability consulting firm. They have been operating in Latin America since the 1990s with 7 offices in the region, and more than 160 offices globally. In Chile specifically they [...]
Los Andes Copper Ltd. is pleased to announce that the royalty agreement reported July 24, 2023, with Ecora Resources PLC for a total cash consideration of US$20,000,000 has now closed. The Royalty was calculated over the sale of all minerals produced from the Company's Vizcachitas Project in Chile . Ecora will receive royalty payments calculated as 0.25% Net Smelter Royalty on minerals sold on open pit operations and [...]
Los Andes Copper Ltd. is pleased to announce that it has entered into a royalty agreement with Ecora Resources PLC for a total cash consideration of US$20,000,000. The Royalty is calculated over the sale of all minerals produced from the Company's Vizcachitas Project in Chile . Ecora will receive royalty payments calculated as 0.25% Net Smelter Royalty on minerals sold on open pit operations and 0.125% NSR on underground [...]
Los Andes Copper Ltd. is pleased to report that on June 15, 2023, the Second Environmental Court in Chile ruled that Los Andes has complied with all the conditions imposed on July 20, 2022 and is now authorized to restart drilling. On March 18, 2022, the Second Environmental Court in Chile issued a preliminary injunction suspending the drilling program of the company. On July 20, 2022, the Court decided that the company's [...]
Los Andes Copper Ltd. is pleased to announce that, Resource Capital Fund VI L.P. , has exercised the 1,340,000 warrants of the Company that it held. Accordingly, the Company has received $6,700,000 and has issued 1,340,000 new ordinary shares. The warrants were offered in connection with an $8.8 million private placement which was completed in two tranches with the first tranche closing on May 7, 2018 and the second [...]
Los Andes Copper Ltd. announces that in accordance with the terms of the US$5,000,000, US$4,000,000 and US$5,000,000 eight per cent convertible debentures issued to Queen's Road Capital Investment Ltd. on June 2, 2021, April 4, 2022 and September 2, 2022 the Company has elected to issue 11,550 common shares in the capital of the Company at a deemed price of US$9.09 to Queen's Road Capital as payment for US$104,990 in [...]
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