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News Release: Montan Announces Closing of Amalgamation and Concurrent Financi...Ryan Fletcher
• Amalgamation of Montan Capital Corp. (TSXv: MO.P) and Strait Minerals Inc. (TSXv: SRD) is complete, resulting in the launch of Montan Mining Corp. (TSXv: MNY).
• New management team is led by Ian Graham – CEO (ex- Rio Tinto / Anglo American) and includes Mr. Michel Robert – Director (former Senior Vice President of Pan American Silver) and Mr. Luis Zapata – Executive Chairman (former Head of Latin America Institutional Equity Sales at Canaccord Genuity and Peru based).
• Creates a new Peru-focused mine development company.
• Company will look to grow through project advancement and M&A with a focus on advanced and cash-flow mining opportunities.
News Release: Montan Mining Corp. (TSXv: MNY) Commences Trading on the TSX Ve...Ryan Fletcher
• New management team is led by Mr. Ian Graham – CEO (ex- Rio Tinto / Anglo American) and includes Mr. Michel Robert – Director (former Senior Vice President of Pan American Silver) and Mr. Luis Zapata – Executive Chairman (former Head of Latin America Institutional Equity Sales at Canaccord Genuity and Peru-based).
• Transaction creates a new Peru-focused mine development company.
• Company will look to grow through project advancement and M&A with a focus on advanced and cash-flow mining opportunities.
Vancouver, BC, March 9, 2015 – Montan Mining Corp. (TSXv: MNY) (“Montan” or the “Company”) is pleased to announce that its common shares will commence trading on the TSX Venture Exchange today under the new trading ticker symbol “MNY”.
Canada Gold Shareholder Presentation June 2009mcchad
1. Small-scale independent miners in northern Peru currently truck ore long distances for processing, incurring high costs. MetalQuest plans to build a toll processing plant in northern Peru to process 300 tons per day of ore from these miners at a lower cost.
2. The toll processing plant will purchase ore from miners based on gold content, process it using modern methods, sell the recovered gold and other metals, and generate revenue from processing fees and sales.
3. MetalQuest has assembled an experienced management team and aims to have the toll processing plant fully operational within 15 months, upgrading capacity over time.
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IMPACT Silver is a silver producer with operations in Mexico. It operates two processing centers and mines silver from multiple deposits. Exploration is ongoing across its large land package to grow production and define new resources. Financial results have been impacted by lower silver prices but the company aims to increase throughput and grades from its expanding mine operations.
IMPACT Silver is a Canadian silver producer with operations based in central Mexico. The company operates two processing plants and mines silver from multiple underground mines on its large land package. Exploration continues to evaluate numerous historic mine workings and define new targets, indicating potential for further silver and gold discoveries. Recent drill results have expanded high-grade silver zones at the producing San Ramon mine.
IMPACT Silver is a Canadian junior silver miner with operations based in Mexico. It operates two processing centers that receive ore from four producing silver mines in the Zacualpan and Capire-Mamatla districts. IMPACT aims to grow through continued exploration and development of its large land package, with the goal of becoming a mid-tier precious metals producer. Key assets include the 500 tpd Guadalupe processing plant fed by three underground epithermal vein mines, and the 200 tpd Capire pilot plant processing open-pit VMS ore. IMPACT sees potential to develop several exploration targets through drilling programs.
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Inca One Gold Corp. (TSX-V: IO) is a Canadian-based mineral resource company and mineral processing company with a gold milling facility in Peru, servicing government-permitted small-scale miners. A highly mineral-rich country, Peru is one of the world’s top producers of gold, silver, copper and zinc, with substantial production coming from small scale miners who need government permitted milling facilities to process their gold bearing material (such as the Company’s Chala plant).
Tamino Minerals Inc. is a junior mining exploration company focused on gold projects in Mexico. It owns the El Volcan gold project, which has potential for gold and silver mineralization. The company plans to conduct mapping, sampling, trenching, geophysics and a 2500 meter drill program at El Volcan in 2020. Tamino Minerals' management team has extensive experience operating mining projects and exploration companies in Mexico. The company aims to become a leading gold project developer and miner in Mexico by acquiring and developing early stage properties.
IMPACT Silver is a Canadian silver mining company focused on Mexico. It has over 211 square kilometers of mineral concessions in the historic Zacualpan Silver District near Mexico City. The company operates two processing plants and mines silver from multiple underground mines and an open pit mine on its property. Exploration continues across the large land package which has potential for additional silver vein discoveries as well as copper-gold mineralization at depth.
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IMPACT Silver is a Canadian silver mining company operating two processing centers in Mexico. Production in Q4 2013 totaled 153,512 ounces of silver. The company has four producing silver mines feeding its 500 tpd Guadalupe processing center and plans to expand the 200 tpd Capire center. IMPACT also has numerous exploration targets across its large land package that could drive future production growth.
The document provides an overview and cautionary statement about IMPACT Silver Corp. It notes that except for historical information, statements in the presentation regarding IMPACT's plans and expectations are forward-looking and subject to various risks and uncertainties. A qualified person is responsible for the technical information. The document also provides highlights about IMPACT's operations, including its two production centers and four producing silver mines, as well as exploration targets and plans for growth.
The document provides an overview and cautionary statement about IMPACT Silver Corp. It notes that except for historical information, statements in the presentation regarding IMPACT's plans and expectations are forward-looking and subject to various risks and uncertainties. A qualified person is responsible for the technical information. The document also provides highlights about IMPACT's operations, including its two production centers and four producing silver mines, and discusses its exploration targets and plans for growth.
1. IMPACT Silver provides a cautionary statement regarding forward-looking information in its presentations to account for uncertainties in exploration results and estimates.
2. The company owns a large portfolio of silver-focused assets in Mexico with a goal of building a mid-tier precious metals producer through continued exploration, mine development, and production from multiple centers.
3. IMPACT has two existing production centers and four producing mines currently contributing to cash flow, with plans to increase throughput and pursue additional exploration targets to drive future production growth.
- IMPACT Silver is a Canadian silver mining company operating in Mexico with two processing plants and multiple mines producing silver.
- The company's large property contains over 5,000 historic mine workings indicating significant exploration potential for silver and gold.
- IMPACT produces high-grade silver from underground epithermal vein systems and is exploring deeper zones with potential for gold and copper mineralization.
- The company is leveraged to upside in silver prices as over 90% of revenues are from silver production.
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2015 04-27 Montan Mining Corp. to acquire 150 tpd gold ore processing facility in Peru
1. Suite 1400 – 1111 West Georgia St.
Vancouver, BC V6E 4M3
PRESS RELEASE
MONTAN MINING CORP. ANNOUNCES BINDING AGREEMENT TO ACQUIRE
150 TPD CAPACITY GOLD ORE PROCESSING FACILITY IN PERU
• Montan Mining Corp. (TSXv: MNY) to acquire operating gold ore processing
facility and a mining operation in southern Peru.
• Plant personnel will be assisted by Mr. Michel Robert, B.A., B.A.Sc. (Hons), M.A.Sc.
(Hons), Metallurgist and Mining Engineer, Director of Montan and former Senior
Vice President of Pan American Silver.
• Plant is in production ramp up from 30 tpd to 150 tpd, with the required equipment
already installed, and is in proximity to a high concentration of artisanal miners to
provide mill feed for tolling.
• Peruvian small-scale gold mining industry is undergoing government supported
formalization to strengthen the environmental, safety and fiscal practices of the
industry increasing demand for permitted mills.
Vancouver, BC, April 27, 2015 – Montan Mining Corp. (TSXv: MNY) is pleased to announce
the signing of a binding letter agreement with Goldsmith Resources SAC, a Peruvian company,
for the acquisition of the producing Mollehuaca Ore Processing Plant in Peru as well as mining
rights for the nearby Eladium Gold Mine and the Saulito Property.
The Mollehuaca Plant was recently expanded and has both a carbon-in-pulp (CIP) circuit as well
as a flotation circuit with a total capacity of approximately 150 tpd. The operating circuits
provide flexibility for processing of mixed metal ores, a feature unique among toll mills in the
district.
2. The plant is located in the region of Arequipa, the most active region of Peru for small scale gold
mining. The mill is currently operating with a start-up throughput of 30 tpd. Montan plans to
make application for commercial permits to incrementally increase capacity up to 350 tpd from
the currently permitted 180 tpd when Montan assumes operatorship.
Initially on Montan taking over management, operations and optimization will be directed by the
experienced local staff already at site, advised by Mr. Michel Robert, B.A., B.A.Sc. (Hons),
M.A.Sc. (Hons), metallurgist, mining engineer and Director of Montan. Mr. Robert was Senior
Vice President of Pan American Silver Corp. from 1995 to 2001: he was responsible for the
management of operations in Latin America and oversaw expansion of the company in Peru,
Mexico and Bolivia. In Peru, Mr. Robert’s experience includes managing the start up of the
Tintaya Mine, advising Minero Peru in its privatization process, and the due diligence,
acquisition, rehabilitation, and expansion of several mines, including those of Pan American
Silver in country. Mr. Robert is a Member of the Society of Mining Engineers, the Canadian
Institute of Mining and Metallurgy, American Institute of Mining Engineers as well as the Order
of Engineers of Québec and speaks fluent Spanish, French and English.
“The acquisition of a cash flowing gold processing plant strategically located at the epicenter of
the Peruvian small scale gold mining industry will be the springboard for growth of this
company and the creation of shareholder value,” stated Mr. Ian Graham Chief Executive Officer
of Montan.
“There are currently an estimated 550,000 informal and artisanal miners in Peru all of whom fall
under the 2012 formalization legislation meant to strengthen the environmental, safety and fiscal
practices of this multi-billion dollar industry,” stated Mr. Luis Zapata, Executive Chairman. “As
such, our plant will provide a crucial and needed service for the mining community of Peru and
establish a business unit of Montan which is relatively independent of gold price changes to
maintain its strong operating margins.”
The acquisition also includes the operating Eladium Mine as well as the Saulito Project. The two
projects are located in the Nazca-Ocona metallogenic belt in close proximity to the Mollehuaca
Gold Plant. Mineralization at both projects is hosted by a system of quartz-sulphide veins which
contain high grades of gold and accessory silver and copper. Eladium is currently built to
produce 10-25 tpd of high grade gold ore (15-30 g/t Au). Montan will undertake a review of the
Eladium operation as well as the Saulito Property. The Company’s Alicia Project remains an
asset with near term cash flow potential.
Photos of the Mollehuaca Plant as well as an updated corporate presentation and fact sheet will
be posted on the company’s website: http://www.montanmining.ca
The acquisition will make Montan the third TSX listed company in operation / production in the
gold ore processing business in Peru alongside Inca One Gold Corp. (currently ramping to 100
tpd at its Chala operation) and Dynacor Gold Mines Inc. (currently producing at 250 tpd at its
Huanca operation).
Acquisition Terms:
3. The acquisition of an existing permitted, operating and producing gold ore processing facility
saves the Company significant capital, time and resources by eliminating the construction and
permitting process which building a new gold processing plant would entail.
Total consideration for the assets and operations being purchased is US$3,300,000, US$50,000
of which has been paid and with the remainder payable as follows:
• US$750,000 in cash and 8,000,000 Montan common shares (the “Montan Shares”) at a
deemed price of $0.125 per share upon closing.
• US$1,500,000 on the first anniversary of Closing. Montan may choose that payment of
US$750,000 be in cash or in additional Montan Shares priced at the VWAP price of
Montan’s shares on TSXV for the 20 trading days up to and including the day prior to the
payment date. The vendor will get security while this payment remains outstanding,
including the right to a Montan board member.
• The Montan Shares issued will be subject to TSXV escrow requirements.
Since incorporation, Goldsmith has spent in excess of US$4 million permitting, building,
operating and developing the mill and properties.
Pursuant to the binding letter agreement with Goldsmith, the structure of the transaction and the
exact assets to be acquired may be determined by Montan during the 30 day due diligence
period, although the purchase price will remain the same.
From the date the Definitive Agreement is executed by the Parties (the “DA Date”) until the
Closing, Montan will take over operations and management of the business of Goldsmith and
provide all working capital as it deems necessary to continue the day to day operations of the
business. All income and expenses from the DA Date to Closing will accrue to Montan.
Post-Closing, Montan will continue as the operator and manager of the business. In the event the
Acquisition does not close, Montan may terminate its operation of the business and will only be
responsible for actions that it took while operating the business.
Upon the transaction closing, compensation will be paid to certain Montan management
personnel in the form of equity in recognition of uncompensated activities to deliver the
acquisition.
The purchase and operations can be financed with equity, debt or alternatives. Montan is
currently working with its advisors in Peru and North America to structure the optimium
financing arrangement(s) and will report further and on completion of due diligence.
Closing of the transaction is conditional upon TSX Venture Exchange approval.
The technical information in this news release has been prepared in accordance with the
Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf
of the company by Ms. Jenna Hardy, M.Sc., P.Geo., of Nimbus Management Ltd., a Qualified
Person.
4. MONTAN MINING CORP.
Ian Graham
CEO and Director
Ph: 1.604.671.1353
Email: igraham@montanmining.ca
About Montan Mining Corp.
Montan Mining Corp. (TSXv: MNY) is positioned for growth in Peru through the acquisition
and development of advanced and/or cash flow mining opportunities. Montan is backed by an
experienced and high-energy management team with diverse technical, market and finance
strengths and expertise and is supported by committed and sophisticated investors focused on
building value for the long term.
For more information, please visit the corporate website at http://www.montanmining.ca or
contact:
Investor Contacts:
Ryan Fletcher
Director
Ph: 1.604.999.5603
Email: rfletcher@montanmining.ca
Peru / South America:
Luis Zapata
Executive Chairman
Peru: + 51 980 782 111
Canada: 1.604.358.1382
Email: lzapata@montanmining.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this news release.
Forward-Looking Statements Certain statements in this press release are forward-looking
statements within the meaning of applicable securities laws. Forward-looking statements in this
press release include that we will acquire the Peruvian businesses from Goldsmith. Such
forward-looking statements and information are subject to risks, uncertainties and other factors
which may cause our actual results, performance or achievements, or industry results, to be
materially different from any future results, performance or achievements expressed or implied by
such forward-looking statement. Specific risks included that we may not be satisfied with our due
diligence, we may not be able to agree on definitive terms, we may not be able to finance our
intended acquisition and we may not obtain regulatory approval. General risks include the
5. reliance on available data and assumptions and judgments used in the interpretation of such data,
the speculative and uncertain nature of exploration and development, exploration and
development costs, capital requirements and the ability to obtain financing, volatility of global
and local economic climates, share price volatility, estimate price volatility, changes in equity
markets, increases in costs, exchange rate fluctuations and other risks involved in the mineral
exploration and development industry. There can be no assurance that a forward-looking
statement or information referenced herein will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements or information. Also,
many of the factors are beyond our control. Accordingly, readers should not place undue reliance
on forward-looking statements or information. We undertake no obligation to reissue or update
any forward-looking statements or information except as required by law.