Financing Agreements finalized with Trafigura to Secure up to US$55 million for development of El Domo - Curipamba Copper-Gold Project
Financing Agreements finalized with Trafigura to Secure up to US$55 million
for development of El Domo - Curipamba Copper-Gold Project
VANCOUVER, BRITISH COLUMBIA, August 5th 2022 -- SALAZAR RESOURCES LIMITED (TSXV: SRL; OTC QX:
SRLZF; Frankfurt: CCG.F) (“Salazar” or the "Company") is pleased to announce that Adventus Mining
Corporation (“Adventus ) (TSX -V: ADZN, OTCQX: ADVZF) has entered into definitive agreements that
constitute the Offtake Financing Agreement (the “OFA”) with Trafigura Pte Ltd (“Trafigura”) which secures
up to US$55 million towards the advancement of the El Domo -Curipamba copper-gold project (the “El
Domo Project”). This follows the binding commitment previously announced on January 17, 2022,
together with the financial commitment by Wheaton Precious Metals Corp (“Wheaton”).
With OFA completion, the joint venture has secured up to US$235.5 million for the advancement and
future construction of the El Domo Project. Pursuant to the OFA, Trafigura will provide Adventus Mining
with a senior debt facility (the “Facility”) of US$45 million, US$5 million of which can be paid on an early
deposit basis to be used for pre-construction activities at the El Domo Project. The remainder of the cash
consideration is payable in two (2) staged installments during future construction of the El Domo Project,
subject to certain customary conditions precedent being satisfied.
About Salazar Resources
Salazar Resources is focused on creating value and positive change through discov ery, exploration and
development in Ecuador. The team has an unrivalled understanding of the geology in -country and has
played an integral role in the discovery of many of the major projects in Ecuador, including the two newest
operating gold and copper mines.
Salazar Resources has a wholly-owned pipeline of copper-gold exploration projects across Ecuador with a
strategy to make another commercial discovery and farm -out non -core assets. The Company actively
engages with Ecuadorian communities and together with the Salazar family it co -founded The Salazar
Foundation, an independent non-profit organisation dedicated to sustainable progress through economic
development.
For further information about Salazar Resources, please contact Merlin Marr -Johnson, Executive Vice
President and Corporate Secretary, at [email protected] or [email protected] or at +1
604 685 9316.
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.