(NewsDirect)
Western Metallica Resources CEO GregoryDuras joins Proactive's Stephen Gunnion with details of thecompany's acquisition of Consolidated Copper Corp, a privateCanadian firm with two copper-molybdenum porphyry prospective projectsin northern Peru.
The deal involvedissuing 20 million shares and 5 million warrants to acquire twosignificant copper projects: Caña Brava and Turmalina. These projectsshowcase the potential for large porphyry-style copper systems withthe ability to yield over 500 million tons of high-grade copper.
Duras said the move aligns withWestern Metallica's transition to becoming a copper-focusedcompany to capitalize on the growing demand for copper, especially inelectric vehicle production.
Peru,as the world's second-largest copper producer, offers a favorablemining jurisdiction that has been improving transparency in permittingprocesses to foster growth.
Thecompany's goal is to develop substantial copper resources inpreparation for the projected rise in demand driven by electricvehicles and related technologies.
As Western Metallicaprogresses, it aims to contribute significantly to the evolving copperlandscape.
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