Los Andes Copper Ltd. sells royalty on Vizcachitas Project in Chile

25 June 2020

On June 25, 2020, Los Andes Copper Ltd. (TSXV: LA) announced that it had sold a net smelter return ("NSR") royalty to Resource Capital Fund VI L.P. ("RCF VI") for a total price of US$14 million.



The royalty is calculated over the sale of all locatable minerals produced from the Santa Teresa 1/60, Santa Maria 1/60 and San Cayetano 1/20 exploitation concessions that form part of Los Andes Copper's Vizcachitas Project in Chile. Under the royalty, RCF VI will receive a 2.00% NSR for open pit operations and a 1.00% NSR for underground operations.

Los Andes Copper is a Canadian company focused on developing the Vizcachitas copper-molybdenum porphyry project in Chile.

Gowling WLG advised Los Andes Copper with respect to this sale with a team that included Brett Kagetsu and Jill Dunn (corporate), Tim Ross (financing) and Brent Kerr (tax).


NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.