Positive Implications of the BWCG & TML DealPoised to create a stronger, more diversified company, Blackwolf Copper and Gold (BWCG.v BWCGF) has entered into a definitive arrangement to combine with Treasury Metals (TML.v TSRMF), a deal strategically designed to enhanced capabilities and advance their key mining projects.
Providing significant benefits and opportunities for investors, this deal provides the potential for near term gold production from the Goliath Gold Complex, which has a projected NPV of $493M at 5% discount rate and IRR of 33.5% based on a gold price of US$1,950 per ounce.
Poised for production with a forecasted 13-year mine life, the anticipated production from the project is 109,000 ounces of gold annually at a cash cost of US$892 per ounce.
With a fortified balance sheet and combined cash position of more than C$10M post merger, cornerstone investor Frank Giustra will be leading a new capital market strategy, TML's current president and CEO will become the CEO and BWCG's CEO will be appointed as president.
Pursuant to the Transaction, TML will acquire all of the issued and outstanding common shares of BWCG and, upon completion, existing TML and BWCG shareholders will own ~68.3% and 31.7% of TML respectively.
Notably, this deal comes with a range of positive implications and expected investment benefits including:
- Enhanced Project Pipeline: Goliath Gold Complex and Niblack Copper-Gold project represent substantial growth potential for the combined entity
- Strategic Synergies: Complementary management teams and enhanced market visibility leading to more efficient operations
- Growth Potential: Combined asset portfolio provides significant exploration upside, positioning company for further growth in rising gold market.
For more information, check out the latest interview with Blackwolf Copper and Gold's (BWCG.v BWCGF) CEO Morgan Lekstrom from Resource Talks:
https://youtu.be/ekh3HV4aYhw?si=g5oVdTe85IVSYunR&t=8299 Full News Release:
https://blackwolfcopperandgold.com/news/latest-news/treasury-metals-and-blackwolf-to-create-new-growth-focused-north-american-gold-platform/ Posted on behalf of Blackwolf Copper and Gold Ltd.