Blackwolf Copper and Gold (BWCG.v or BWCGF for US investors), a company known for its exploration project within the Golden Triangle, has proposed to merged with Treasury Metals (Ticker: TML.v or TSRMF for US investors) to form a more robust and dynamic entity poised for significant growth.
Treasury Metals brings a formidable team with expertise in building and expanding mines, complementing BWCG's strengths in exploration and capital markets.
This proposed merger is especially well timed as the precious metals market is in a period of significant growth, with gold price up 15% over the past 6 months. Likewise, copper is up over 16% since the beginning of 2024.
Strategic financial maneuvers have been underway in preparation for the merger including, TML raising over $6 million with notable contributions from key BWCG stakeholder & prolific mining investor Frank Giustra.
With this, the combined company will start with a strong financial position of $16.5 million, which will be crucial for advancing permitting and exploration efforts.
TML's Goliath Gold Complex 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.
This significant addition means BWCG shareholders have the opportunity to benefit from a larger asset base and increased potential for multiple returns.
Furthermore agreements with Tech Resources and Matrix Camps and Logistics have been structured to ensure that BWCG's Niblack is positioned for future exploration and possibly production success.
BWCG's Niblack Project contains two deposits: one indicated to contain 5.391 million tonnes grading 0.92% copper, 1.88 g/t gold, 1.72% zinc, and 30 g/t silver, and another indicated to contain 460 thousand tonnes grading 1.16% copper, 1.3 g/t gold, 1.75% zinc, and 20 g/t silver.
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.
More here: https://blackwolfcopperandgold.com/news/latest-news/blackwolf-mails-and-files-special-meeting-materials-in-connection-with-the-proposed-plan-of-arrangement-with-treasury-metals-inc/
Posted on behalf of Blackwolf Copper and Gold Ltd.