Sun Metals Corp. (TSX-V: SUNM, OTC: SMTTF) and Serengeti Resources are merging to create a premier Canadian multi-asset copper-gold developer. The merger will complete in early March 2021. This unique corporate combination creates an exciting, diversified copper-gold developer with a large pipeline of projects, in one of Canada's most prolific porphyry mining camps. The merged company will consolidate the contiguous copper-gold exploration and development assets of Kwanika and Stardust, bringing together exploration, development, and operational synergies as the projects advance with a combined development strategy. Additionally, the company will feature a robust portfolio of British Columbia copper-gold assets, including the Lorraine Project and East Niv, which will be aggressively explored. This exciting new company will be well positioned and perfectly timed to take advantage of a strengthening copper market. Due to an upsized 10.3-million dollar bought deal that closed in December, the company is funded to launch extensive operations immediately. Led by mining entrepreneur Mark O’Dea, the corporate team has the expertise and experience to deliver value into a rising copper market that is hungry for new investment opportunities. Sun Metals and Serengeti Resources are coming together to advance one of BC’s most significant portfolios of high-grade copper-gold projects. website, presentation, stock page (CA), stock page (US), pre-registration link Amvest webinar event schedule & library or replays Creating a Premier Cu-Au Developer in Central British Columbia - Consolidation of high-quality projects hosting defined resources and vast land packages in a well-endowed porphyry district, creating a premier, multi-asset copper-gold developer
- An exciting pipeline of Cu-Au projects ranging from advanced-development through high-potential exploration
- Opportunity to focus on high-grade mineralization across the portfolio to optimize development and maximize value
- Strong synergies at the contiguous Stardust and Kwanika projects allows for compelling development strategy
- Immediate market catalyst by incorporating Stardust’s 421 zone into a new resource estimate, and drilling at Lorraine and East Niv
- Led by Mark O’Dea, accomplished management team possesses extensive district expertise and a track record
- Enhanced capital markets profile positioning the company to benefit from the strengthening copper and gold markets
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