Los Andes Copper Announces Signing of Royalty Agreement with Ecora Resources PLC for US$20,000,000
Vancouver, British Columbia--(Newsfile Corp. - July 24, 2023) - Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") is pleased to announce that it has entered into a royalty agreement (the "Royalty") with Ecora Resources PLC ("Ecora") for a total cash consideration of US$20,000,000. The Royalty is calculated over the sale of all minerals produced from the Company's Vizcachitas Project in Chile (the "Vizcachitas Project"). Ecora will receive royalty payments...
2023-07-24 7:00 AM EDT
Environmental Court Authorizes Los Andes Copper to Restart Drilling
Vancouver, British Columbia--(Newsfile Corp. - June 16, 2023) - Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") is pleased to report that on June 15, 2023, the Second Environmental Court in Chile ruled that Los Andes has complied with all the conditions imposed on July 20, 2022 and is now authorized to restart drilling.On March 18, 2022, the Second Environmental Court in Chile issued a preliminary injunction suspending the drilling program of the company. On...
2023-06-16 7:35 AM EDT
Los Andes Copper Announces Resource Capital Fund's Exercise of its Outstanding Warrants
Vancouver, British Columbia--(Newsfile Corp. - June 7, 2023) - Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") is pleased to announce that, Resource Capital Fund VI L.P. ("RCF"), has exercised the 1,340,000 warrants of the Company that it held. Accordingly, the Company has received $6,700,000 and has issued 1,340,000 new ordinary shares.The warrants were offered in connection with an $8.8 million private placement which was completed in two tranches with the...
2023-06-07 7:30 AM EDT
Los Andes Copper Announces Election to Issue Common Shares in Satisfaction of US$14 Million Convertible Debenture Interest Payment Obligations
Vancouver, British Columbia--(Newsfile Corp. - June 1, 2023) - Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") announces that in accordance with the terms of the US$5,000,000, US$4,000,000 and US$5,000,000 eight per cent convertible debentures issued to Queen's Road Capital Investment Ltd. ("Queen's Road Capital") on June 2, 2021, April 4, 2022 and September 2, 2022 (the "Convertible Debentures") the Company has elected to issue 11,550 common shares in the...
2023-06-01 7:00 PM EDT
Los Andes Copper Appoints Santiago Montt as Chief Executive Officer
Vancouver, British Columbia--(Newsfile Corp. - May 26, 2023) - Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") advises that Santiago Montt has been appointed as the Chief Executive Officer ("CEO") of the Company, effective May 25, 2023.Mr. Montt has served the Company as Interim CEO since November 1, 2022, where he was responsible for the Company's operations in Chile. Prior to this, he was the Company COO. Mr. Montt is a global mining...
2023-05-26 7:30 AM EDT
Los Andes Copper Files Positive PFS for Vizcachitas With a US$2.77 Billion Post-Tax NPV and 24% IRR
Vancouver, British Columbia--(Newsfile Corp. - April 11, 2023) - Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") is pleased to announce further that it has now filed the pre-feasibility study at its 100% owned Vizcachitas Project ("Vizcachitas" or the "Project") which was the subject of its news release of February 23, 2023 (the "PFS"). The PFS, titled "Vizcachitas Project Pre-Feasibility Study Valparaíso Region, Chile NI 43-101 Technical Report" dated March 30,...
2023-04-11 8:37 AM EDT
Los Andes Copper Announces Election to Issue Common Shares in Satisfaction of US$14 Million Convertible Debenture Interest Payment Obligations
Vancouver, British Columbia--(Newsfile Corp. - March 1, 2023) - Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") announces that in accordance with the terms of the US$5,000,000, US$4,000,000 and US$5,000,000 eight per cent convertible debentures issued to Queen's Road Capital Investment Ltd. ("Queen's Road Capital") on June 2, 2021, April 4, 2022 and September 2, 2022 (the "Convertible Debentures"), the Company has elected to issue 11,984 common shares in the...
2023-03-01 5:05 PM EST
Los Andes Copper Announces Positive PFS for Vizcachitas with a US$2.77 Billion Post-Tax NPV and 24% IRR
Vancouver, British Columbia--(Newsfile Corp. - February 23, 2023) - Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") is pleased to announce the results of a positive Pre-Feasibility Study ("PFS") at its 100% owned Vizcachitas Project ("Vizcachitas" or the "Project"), a world class porphyry copper project, located 150 km north of Santiago. The PFS has been prepared by Tetra Tech Sudamérica S.A, a leading international engineering firm. A conference call and...
2023-02-23 7:01 AM EST
Los Andes Copper Announces Closing of C$10 Million Bought Deal Financing
Vancouver, British Columbia--(Newsfile Corp. - January 30, 2023) - Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") has announced today that it has closed its previously announced bought deal offering (the "Offering"). Pursuant to the Offering, Los Andes sold 800,000 common shares ("Common Shares") at a price of $12.55 per Common Share for aggregate gross proceeds of $10 million. The Company intends to use the net proceeds of the Offering to advance the...
2023-01-30 9:10 AM EST
Los Andes Copper - Response to Non-Material Litigation
Vancouver, British Columbia--(Newsfile Corp. - December 12, 2022) - Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") wholly owned subsidiary Compañia Minera Vizcachitas Holding ("CMVH") was notified, last Friday December 9, of a lawsuit filed by 24 individuals in the Environmental Court. The lawsuit relates, among other allegations, mainly to alleged environmental damage resulting from 82 exploration drillholes carried out between 2007 and 2017.The Company views...
2022-12-12 8:10 AM EST
Los Andes Copper Announces Election to Issue Common Shares in Satisfaction of US$14 Million Convertible Debenture Interest Payment Obligations
Vancouver, British Columbia--(Newsfile Corp. - December 1, 2022) - Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") announces that in accordance with the terms of the US$5,000,000, US$4,000,000 and US$5,000,000 eight per cent convertible debentures issued to Queen's Road Capital Investment Ltd. ("Queen's Road Capital") on June 2, 2021, April 4, 2022 and September 2, 2022 (the "Convertible Debentures") the Company has elected to issue 10,172 common shares in the...
2022-12-01 7:43 PM EST
Los Andes Copper Appoints Santiago Montt as Interim Chief Executive Officer
Vancouver, British Columbia--(Newsfile Corp. - November 2, 2022) - Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") advises that Santiago Montt has been appointed as the Interim CEO of the Company, effective November 1, 2022.Mr. Montt previously served the Company as its COO, in which position he has been responsible for the Company's operations in Chile. Mr. Montt is a global mining executive with vast experience in leading teams in multinational mining...
2022-11-02 9:02 AM EDT
Los Andes Copper Project Update
Vancouver, British Columbia--(Newsfile Corp. - September 29, 2022) - Los Andes Copper Ltd. (TSXV: LA), (OTCQX: LSANF) ("Los Andes" or the "Company") is pleased to report on progress on its Vizcachitas large-scale copper project in Chile.The Pre-Feasibility study, ("PFS") continues to advance with the completion of the initial resource model for mine plan optimization. General engineering work, infrastructure planning, plant design and environmental considerations are all on track with the...
2022-09-29 9:54 AM EDT
Los Andes Copper Project Update
Vancouver, British Columbia--(Newsfile Corp. - September 20, 2022) - Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") is pleased to report on progress on its Vizcachitas large-scale copper project in Chile. A letter of intent has been signed with Desala Petorca SPA to work on the project option to use desalinated seawater for the project ("Desala"). Desala is a firm dedicated to the development of water desalinization for water consumption and irrigation under a...
2022-09-20 11:54 AM EDT
Los Andes Copper Announces Closing of Further US$ 5 million Investment by Queen's Road Capital
Vancouver, British Columbia--(Newsfile Corp. - September 2, 2022) - Los Andes Copper Ltd. (TSXV: LA) ("Los Andes" or the "Company") is pleased to report the closing and funding of the US$5,000,000Convertible Debenture issued to Queen's Road Capital Investment Ltd. (TSX: QRC) ("Queen's Road Capital") announced on August 25, 2022.The Convertible Debenture has a five-year term, carries an eight per cent coupon and is convertible into common shares in the capital of the Company ("Common Shares")...
2022-09-02 9:39 AM EDT
Los Andes Copper Announces Election to Issue Common Shares in Satisfaction of US$9 Million Convertible Debenture Interest Payment Obligations
Vancouver, British Columbia--(Newsfile Corp. - September 1, 2022) - Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") announces that in accordance with the terms of the US$5,000,000 and US$4,000,000 eight per cent convertible debentures issued to Queen's Road Capital Investment Ltd. ("Queen's Road Capital") on June 2, 2021 and April 4, 2022 (the "Convertible Debentures") the Company has elected to issue 7,743 common shares in the capital of the Company ("Common...
2022-09-01 2:29 PM EDT
Los Andes Copper Announces Further US$ 5 million Investment by Queen's Road Capital
Vancouver, British Columbia--(Newsfile Corp. - August 25, 2022) - Los Andes Copper Ltd. (TSXV: LA) ("Los Andes" or the "Company") is pleased to announce that it has entered into an agreement with Queen's Road Capital Investment Ltd. (TSX: QRC) ("Queen's Road Capital") whereby Queen's Road Capital will invest a further US$5,000,000 in Los Andes by way of an additional convertible debenture (the "Convertible Debenture").The proceeds received from this capital raise will be allocated towards,...
2022-08-25 8:52 AM EDT
Los Andes Copper Announces Decision by the Environmental Court Reinstating Drilling Permit
Vancouver, British Columbia--(Newsfile Corp. - July 21, 2022) - Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") is pleased to report that on July 20, 2022, the Second Environmental Court in Chile revised the preliminary injunction issued on March 18, 2022 that suspended drilling. The Court decided that drilling can continue, with certain restrictions, at the Vizcachitas Copper Project under the Company's environmental license.Following the injunction, the...
2022-07-21 7:43 AM EDT
Los Andes Copper Announces Passing of Former Chairman
Vancouver, British Columbia--(Newsfile Corp. - July 20, 2022) - Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") announces the passing of former Executive Chairman, Fernando Porcile. The Directors and employees of Los Andes Copper would like to extend their sincerest condolences to Fernando's family and friends.Fernando's integrity and character were an example to many. His uncompromised commitment to doing the right thing, compassion and dedication represent an...
2022-07-20 2:00 AM EDT
Los Andes Copper Initial Drill Program at Vizcachitas Copper Project in Chile Indicates Large-Scale Potential Beyond the 13 Billion Pound Copper Equivalent Deposit
United Kingdom and Santiago, Chile--(Newsfile Corp. - June 22, 2022) - Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes", "LA" or the "Company") is pleased to report continued consistent positive results from recent drilling completed at the 100% owned Vizcachitas Copper Project, located 120 kilometers from Santiago in Chile.Further results from the drill program include a highlight of 404 meters grading 0.41% copper equivalent (0.36% copper, 136 parts per million ("ppm")...
2022-06-22 12:13 PM EDT