CEO Interview Summary: BWCG's Transformative Merger Blackwolf Copper and Gold (BWCG.v or BWCGF for US investors), known for actively advancing projects within the Golden Triangle, has merged with Treasury Metals (Ticker: TML.v or TSRMF for US investors) to create a more robust and dynamic entity poised for substantial growth.
During a recent RCTV interview, Morgan Lekstrom, CEO of BWCG, shared the exciting news, emphasizing the strategic synergy between BWCG and TML. TML brings a formidable team with the expertise required to build and expand mines, complementing BWCG's prowess in exploration and capital markets.
The merger involved strategic financial maneuvers, such as raising more than $6 million, with significant contributions from key stakeholders like billionaire mining investor Frank Giustra and Sprott Lending. The combined company will start with a significant financial boost, having $16.5 million in the bank, which will be pivotal in advancing permitting and exploration efforts.
BWCG shareholders now have the opportunity to benefit from a larger asset base and increased chances of multiple returns.
TML' Goliath Gold Complex has a combined resource of 2.1 million ounces of gold, with an additional 0.8 million ounces inferred and is expected to produce about 110,000 ounces of gold annually.
BWCG's projects, including the Niblack copper-gold-zinc-silver project, are set to benefit from this merger.
Niblack contains two deposits one of which is indicated to contain 5.391M tonnes, grading 0.92% copper, 1.88 g/t gold, 1.72% zinc, and 30 g/t silver and the other indicated to contain 460 thousand tonnes grading 1.16% copper, 1.3 g/t gold, 1.75% zinc, and 20 g/t silver.
Agreements with Tech Resources and Matrix Camps and Logistics have been structured to ensure that Niblack is positioned for future production, enhancing its value as part of the combined company’s pipeline.
Lekstrom expressed confidence in the seamless integration of the two companies, highlighting the excellent working relationship between their teams. This merger is not just a strategic alignment but a collaboration built on mutual respect and shared goals. The alignment in project focus and financial strategies will drive the combined entity toward achieving its ambitious objectives.
Full video here:
Posted on behalf of Blackwolf Copper and Gold Ltd.