AZARGA METALS CORP. is pleased to announce that Baker Steel Resources Trust Ltd. and the Company have executed a Secured Convertible Loan Facility Agreement , to consummate the terms of the binding terms sheet announced on 14 February 2019 and 29 March 2019. The final investment size was agreed as US$3 million , with the first US$1 million expected to be drawn down within the next few days and the second advance of US$2 [...]
AZARGA METALS CORP. reports that it has today accepted the resignation of Dorian L. Nicol with immediate effect. The Company continues to work towards closing the previously announced investment by Baker Steel Capital Managers LLP acting on behalf of its discretionary client funds, principally Baker Steel Resources Trust Ltd., and as we continue to prepare for a re-invigoration of physical exploration at the Unkur [...]
AZARGA METALS CORP. makes this announcement regarding the proposed Convertible Loan transaction governed by the Binding Terms Sheet with Baker Steel Capital Managers LLP acting on behalf of its discretionary client funds, principally Baker Steel Resources Trust Ltd. as announced by the Company on 14 February 2019 . BSCM has substantially completed its confirmatory due diligence. However, the parties are still finalizing [...]
HIGHLIGHTS: Internationally renowned specialist natural resources investment management firm, Baker Steel Capital Managers LLP has agreed to invest US$3.0-3.5M of client funds into Azarga Metals via a convertible loan, convertible at C$0.14/share US$3.0M of the overall investment to come from BSCM managed fund, Baker Steel Resources Trust Ltd Azarga Metals to mainly use convertible loan proceeds to more than double [...]
HIGHLIGHTS: Positive PEA result achieved based only on 2018 Mineral Resource as an 'initial option' with significant growth potential Open-pit mine with annual production rate of 2 million tonnes of mill feed per year and conventional processing circuit to produce a very high-grade copper and silver concentrate Average of 13,217 tonnes of copper and 3.70 million ounces of silver metal contained in concentrate production [...]
White Rock, British Columbia - AZARGA METALS CORP. announced the positive findings of an independently prepared preliminary economic assessment for the development of its wholly-owned Unkur Copper-Silver Project in the Zabaikalsky administrative region of eastern Russia on 30 August 2018. At the request of IIROC the Company wishes to clarify certain disclosure in its August 30, 2018 news release titled “Azarga [...]
White Rock, British Columbia - AZARGA METALS CORP. announces the positive findings of an independently prepared preliminary economic assessment for the development of its wholly-owned Unkur Copper-Silver Project in the Zabaikalsky administrative region of eastern Russia. The PEA is based on the current Inferred Mineral Resource estimate for Unkur of 62 million tonnes at 0.53% copper and 38.6g/t silver, containing 328,600 [...]
White Rock, British Columbia - AZARGA METALS CORP. has filed a technical report regarding its Unkur Copper-Silver Project in Russia to support the updated Mineral Resource estimate announced on 27 March 2018. The estimate is an Inferred Mineral Resource of 62 million tonnes at 0.53% copper and 38.6g/t silver, containing 328,600 tonnes of copper and 76.8 million troy ounces of silver. This equates to copper equivalent [...]
White Rock, British Columbia - AZARGA METALS CORP. announces an updated Mineral Resource estimate for its Unkur Copper-Silver Project in the Zabaikalsky administrative region of eastern Russia. The estimate is an Inferred Mineral Resource of 62 million tonnes at 0.53% copper and 38.6g/t silver, containing 328,600 tonnes of copper and 76.8 million troy ounces of silver. This equates to copper equivalent grade of 0.90 [...]
White Rock, British Columbia - AZARGA METALS CORP. reports that it has now closed the acquisition of an additional 40% interest in the Unkur Copper-Silver Project, taking its ownership interest from 60% to 100% . On completion of the Unkur Project Consolidation, Azarga Metals will have issued 42,000,000 common shares at a deemed price of C$0.15 to the vendors of the indirect 40% interest. On March 16, 2018, the Company [...]
White Rock, British Columbia - AZARGA METALS CORP. has received the majority of the minority shareholder approval at the Company’s Annual General and Special Meeting held on February 14, 2018 for the proposed exercise of its call option to increase its ownership of the Unkur Copper-Silver Project from 60% to 100%. Upon receipt of TSX Venture Exchange approval, the Company will then immediately issue 42,000,000 common [...]
White Rock, British Columbia - AZARGA METALS CORP. has engaged Tetra Tech Mining and Minerals to complete a NI 43-101 compliant Preliminary Economic Assessment on the Company's high-grade Unkur Copper-Silver Project located in the Zabaikalsky administrative region of eastern Russia. The PEA will be completed by Tetra Tech's office in Swindon, United Kingdom. Work on the PEA will commence immediately, with completion [...]
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