Today, Blackwolf Copper and Gold (BWCG.v BWCGF) announced the closing of Niblack Camp purchase through its wholly owned subsidiary Niblack Project LLC.
Under the purchase and sale agreement, Niblack Project LLC has completed the purchase of the camp assets at the Niblack Project from Matrix Camps and Logistics.
Further, BWCG granted Matrix a three year exclusivity right to provide camp services at market rates at the Niblack Project, enhancing operational efficiency with this stability.
By acquiring the camp assets, BWCG has gained ownership and control over essential infrastructure at the project which often leads to cost savings in the long term.
This news reflects BWCG's strategic moves in acquiring camp assets alongside their ongoing merger discussions with Treasury Metals (TML.v TSRMF).
Full News Release: https://blackwolfcopperandgold.com/news/latest-news/blackwolf-announces-closing-of-niblack-camp-purchase/
Treasury Metals Definitive Agreement
The definitive arrangement with Treasury Metals is poised to create a stronger and more diversified company, enhancing capabilities and advancing 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.
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.