TML to buy Giustra-Backed BWCG Treasury Metals to buy Giustra-backed Blackwolf Copper and Gold - As gold continues to hold around $2,350m, Blackwolf Copper and Gold (BWCG.v BWCGF) has made headlines amid ongoing merger talked with Treasury Metals (TML.v TSRMF): https://www.mining.com/treasury-metals-buys-giustra-backed-blackwolf-copper-and-gold/
Providing 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, this deal is positioned to create a stronger and more diversified company, enhancing capabilities and advancing key mining projects.
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.
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
Posted on behalf of Blackwolf Copper and Gold Ltd.