According to the Fraser Institute, Nevada is a top-ranked global mining jurisdiction with the most historical production per square kilometre worldwide, and the potential for as much again in the future. Now, an Edmonton, AB based early-stage explorer has big plans to remake mining in the Silver State.
Part of the award-winning Metals Group of Companies,
Cortus Metals Inc. (CRTS) (
TSX-V.CRTS,
Forum) is a project generator who’s mission is “to advance multiple projects from discovery to fruition in a strengthening gold market.” And the newly-listed Company is already generating a lot market buzz from both from retail and institutional investors.
Now trading on the TSX Venture Exchange, Cortus currently boasts
23 separate gold and silver projects – acquiring two of them outright and exploring an additional 21 under option – an impressive feat for any mining company, notwithstanding an early-stage operator!
The Company’s project portfolio ranges in stages from grassroots to drill-ready, with the most advanced being fully-permitted and bonded. These projects are painstakingly prioritized for drilling based on:
- structural and geophysical interpretations
- investigation of geochemical and geobotanical surface anomalies
- and stratigraphic analysis of potential host rocks.
Generally, the projects are located near operating mines or known deposits, and some are on the same fault structure that is hosting the deposit.
About Cortus: A Different Kind of Metals & Mining Company
Cortus Metals Inc. has positioned itself to become a
new project generator leveraging third-party spending to rapidly advance multiple projects with exceptional potential for making significant discoveries in north-central Nevada.
The Company’s diversified business model identifies as:
- gold and silver prospects with high potential for discovery
- adds value with technical, corporate, and marketing expertise
- and leverages third-party spending to advance multiple targets to fruition, while retaining an interest through royalties, options payments, and joint ventures with the goal of delivering significant returns for investors, including management.
Cortus Metals’ extensive portfolio is situated near past and present producing mines and known deposits while it continues to generate and acquire more projects at low cost.
CRTS has also proven it can raise private capital, more than doubling its initial raise of $1.25 million to $2.56 million.
“Cortus is a new Metals Group company with a proprietary methodology for generating significant new gold discoveries in Nevada and a portfolio of 23 projects available for option to third-party explorers. We are pleased to offer early-stage investors the right strategy at the right time and place to capitalize on the strengthening gold market.”
Chief Executive Officer, Sean Mager
The Projects: New Properties. New Opportunities.
About two-thirds of Cortus Metals’ properties are located in North-Central Nevada within the prolific Carlin, Cortez, Battle Mountain/Eureka, Getchell and Long Canyon trends, while one-third are within the underexplored, fault-controlled Lahontan basin.
Cortus Metals recently announced the acquisition of the Grayson and Powerline mineral properties in North-Central Nevada with an oversubscribed $2.5 million private placement, the Company's common shares resumed trading under the symbol "CRTS" at the market opening on September 10, 2020.
CEO Sean Mager had this to say about the Company’s recent multi-project acceleration in Nevada:
"The Grayson and Powerline projects are just the tip of the iceberg for our foray into Nevada and beyond. They will provide a foothold for our innovative methodology and a rapid growth strategy in The Great Basin. Our enthusiasm has been echoed by ground-floor investors and third parties alike, who welcome the opportunity to participate as we advance our expanding project portfolio in the context of a surging gold market. "
The Grayson Project represents proof of concept as it meets all of its exploration criteria and is drill-ready. The Powerline Project is drill-ready and situated on trend which is host to five deposits totaling approximately eight-million ounces of gold resources.
The CEO continued on to say that these properties will provide a foothold for the Company’s rapid growth strategy in The Great Basin of Nevada:
“With the concerted effort of in-house and third-party exploration, we look forward to generating significant gold and silver discoveries and the commensurate shareholder returns in the months and years to come.”
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Meet the Team
The Cortus executive and management team has successfully led more than 25 public mining companies, delivered shareholder returns through good and bad markets, and has raised in excess of $400 million to fund exploration, development, and production projects worldwide. The team has over 150 years of mining experience with 40-plus years in Nevada alone. Interests are aligned with shareholders as up to nearly 50% of Cortus’ shares will be closely held once the property options are exercised.
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From the CEO
President & CEO, Sean Mager – an industry veteran with more than 20 years mining sector experience with 15-plus public companies worldwide and current CFO of Benchmark Metals Inc. – detailed the Company’s history and why this raise is a great opportunity for investors to get in on an early stage gold explorer:
“Cortus is Latin for birth; the process of coming into being, breaking out and rising up. With great expectations, we are now pleased to offer early-stage investors the right strategy, at the right time, in the right place, for the right price to capitalize on the strengthening gold market.”
He went on to explain how all of the current gold market metrics are pointing in the direction of a potential USD$2000/oz bull market moving forward through 2020 and beyond:
“The surging bull market for gold and gold stocks is the perfect opportunity for this venture, providing junior miners with access to capital and investors with access to windfall. Cortus Metals is a new company with a new methodology for generating significant new gold discoveries in Nevada, a prolific and perennially top-ranked mining jurisdiction.”
In conversation with Stockhouse Editorial, we asked Mr. Mager what sets Cortus apart from other capital pool companies in this space and the advantages of being part of the broader Metals Group of Companies:
“The Metals Group is an experienced group worldwide. With the group concept we’re able to share capacity amongst a number of companies. And you attract experts and credentials, but more importantly, like-minded people who have the attitude and ability to work together and who have an interest in seeing a lot of different things across a lot of jurisdictions. We attract and maintain expertise because of professional opportunities and participation. The bottom line is we’re investors and so are the people that work with us.”
And we asked the CEO what makes their business model both different and attractive to investors, here’s what he had to say:
“As a junior (mining company) having 23 separate gold and silver projects is different from everybody else. Every junior mining company is a lottery ticket, and a lot of them are based on one project. We’re offering 23 shots on one ticket. Our land position in Nevada should make us the second largest landholder in the state. That’s unusual for a junior. We’ve had capital groups speaking to us – we’re very open to creative partnerships to advance these projects quickly. As a result, I think we’re more flexible than other juniors especially keeping in mind the objective of our project generation business model is to accelerate these 23 projects and this current market is providing that opportunity.”
And, lastly, about the Company’s ability to withstand volatility and downturns in the market:
“We’re not an also-ran. We’re not arm-wavers. We have a commitment to data management and have invested in digitizing and interpreting all of the data for these 23 projects to enable transactions with lateral and upstream players. And if you have 23 substantive projects, that offers something different. That’s what we’re offering here. Whether we advance these projects in-house or with third-parties, our shareholders will benefit via direct and indirect equity participation in the upside of their discoveries.”
In Closing
In many ways, Cortus operates like a mining royalty company…but on steroids. With a portfolio of 23 projects – each with potential to host epithermal or Carlin-type gold deposits of one-million-plus ounces – this Company is flexing its muscles in one of the most mining-friendly jurisdictions on earth…Nevada.
With an experienced management team and a thorough approach to its multiple exploration projects, the Company is a true first mover with:
- its unique project generator business model
- significant property positions
- proprietary data management tools
- systematic methodology
- and, an innovative junior strategy.
Plus, with
23-plus projects areasunder option, and potential for discoveries of
over one million ounces, Cortus Metals looks like a smart value opportunity few others in the junior metals & mining space can match.
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For more information on Cortus Metals Inc., visit
cortusmetals.com
FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.