Also in rude health this fine day is global battery-metals-hunting small cap, EV Resources.
The company has today provided shareholders with an update on a revised strategy to focus on copper assets in the Americas, following its acquisition of the high-grade Parag copper-molybdenum project (70% owned by EVR) in Peru, the world’s second biggest copper mining jurisdiction behind neighbouring Chile.
Following several months of “engagement and building relationships”, EVR’s 50% owned subsidiary, Minera Montserrat, signed the final and definitive three-year Land Access Agreement with the community of Quero, near the Don Enrique Copper-Silver project.
The company is currently preparing minor environmental filings at the Don Enrique project, required to finalise the set of agreements under which EVR can execute a drilling program.
EVR says it’s well advanced in the preparation of its first drill campaign at the Parag project.
The company recently raised US$3.4m to advance the company’s copper exploration in the Americas and earlier this year, shares in EVR surged after the company announced a $25m investment commitment from Sapphire Global Energy to further develop its battery minerals portfolio.
Aside from its Americas copper hunting exploits, EVR owns a number of projects including the Shaw River lithium project in Western Australia’s Pilbara region and the Austrian Alps lithium projects in the Eastern Alps.
EVR Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
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