BWCG.v's CEO on their Proposed Merger with Treasury Metals Blackwolf Copper and Gold (BWCG.v or BWCGF for US investors), a key player in gold exploration in BC and Alaska's Golden Triangle, has revealed plans to merge with Treasury Metals (Ticker: TML.v or TSRMF for US investors), aiming to create a stronger and more dynamic organization geared for significant growth.
TML brings a highly skilled team proficient in mine development and expansion, perfectly complementing BWCG's strengths in exploration and capital markets.
In a recent interview with RCTV, Morgan Lekstrom, CEO of BWCG, highlighted this exciting development, pointing out the strategic synergy between BWCG and TML.
Lekstrom explained how the merger includes strategic financial actions, such as TML raising over $6 million, with major contributions from prominent stakeholders like prolific mining investor Frank Giustra and Sprott Lending.
With this, the newly formed company will start with a substantial financial foundation, having $16.5 million in reserves, crucial for advancing permitting and exploration activities.
The Goliath Gold Complex owned by TML boasts a combined resource of 2.1 million ounces of gold, with an additional 0.8 million ounces inferred, and is expected to produce approximately 110,000 ounces of gold annually.
Therefore, shareholders of BWCG will now have the opportunity to benefit from a larger asset base and increased potential for multiple returns.
Moreover, BWCG's projects are poised to gain from this merger, as agreements with Tech Resources and Matrix Camps and Logistics have been established to ensure that the Niblack is well-positioned for future production, enhancing its value within the combined company’s portfolio.
The Niblack project comprises two deposits, with one containing 5.391 million tonnes grading 0.92% copper, 1.88 g/t gold, 1.72% zinc, and 30 g/t silver, and the other containing 460 thousand tonnes grading 1.16% copper, 1.3 g/t gold, 1.75% zinc, and 20 g/t silver.
Lekstrom expressed confidence in the smooth integration of the two companies, emphasizing the strong working relationship between their teams.
This merger represents not just a strategic alignment but a collaboration based 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 interview:
Posted on behalf of Blackwolf Copper and Gold Ltd.