Three Valley Copper Delivers Call Option Notice Beginning the Process to Acquire the Minority Interest in its MTV Copper Project in Chile
FOR IMMEDIATE RELEASE
Three Valley Copper Delivers Call Option Notice Beginning the Process to Acquire the Minority Interest in its
MTV Copper Project in Chile
TORONTO, October 4, 2021 (TSX V: TVC) Three Valley Copper Corp. (“Three Valley Copper” or the “ Company”) is
pleased to announce that, through its indirectly wholly-owned subsidiary, SRH Chile SpA (“SRH”), it has delivered to
the minority shareholder (the “Minority Shareholder”) of Minera Tres Valles (“MTV”), the required written notice
of its intention to acquire the remaining ownership of MTV that SRH does not already own.
The Company through SRH owns 91.1% of MTV and under the shareholders’ agreement (the “SHA”) between SRH
and the Minority Shareholder, beginning October 2, 2021, SRH has 30 days to deliver a written notice to the Minority
Shareholder of its intention to acquire all the shares of MTV owned by the Minority Shareholder.
“This is the first step in completing the acquisition of th e remaining ownership of MTV,” stated Michael Staresinic,
President and CEO of Three Valley Copper. “The SHA provides for a sequence of steps to be undertaken in completing
this acquisition and the delivery of the call notice is the first step. We believe it will be several months before a
purchase price is concluded on and the transaction complete.”
The Company will provide future updates as it completes this acquisition.
About Three Valley Copper
Three Valley Copper, headquartered in Toronto, Ontario, Canada is focused on growing copper production from, and
further exploration of, its primary asset, Minera Tres Valles. Located in Salamanca, Chile, MTV is 91.1% owned by the
Company and MTV's main assets are the Minera Tres Valles mining complex and its 46,000 hectares of exploratory
lands. For more information about the Company, please visit www.threevalleycopper.com.
Cautionary Statement Regarding Forward-Looking Information
Certain statements in this news release, contain forward-looking information (collectively referred to herein as the
"Forward-Looking Statements") within the meaning of applicable Canadian securities laws. The use of any of the
words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans", "intends"
and similar expressions are intended to identify Forward-Looking Statements. In particular, but without limiting the
foregoing, this ne ws release contains Forward -Looking Statements pertaining to: the proposed acquisition of the
Company’s remaining interest in MTV and the timing of the steps required under the SHA to acquire the remaining
interest.
Although TVC believes that the Forward -Looking Statements are reasonable, they are not guarantees of future
results, performance or achievements. A number of factors or assumptions have been used to develop the Forward-
Looking Statements, including: the purchase of the remaining interest in MTV being completed in accordance with
the terms and conditions of the SHA and not being subject to undue delay, there being no additional significant
disruptions affecting the development and operation of MTV; the availability of certain consumables (including
water) and services and the prices for power and other key supplies ; expected labour and materials costs and
available supply; expected fixed operating costs; permitting and arrangements with stakeholders; certain tax rates,
including the allocation of certain tax attributes, being applicable to MTV; the availability of financing for the
Company's and MTV’s planned operations and development activities; assumptions made in mineral resource and
mineral reserve estimates and the financial analysis based on these estimates, including (as applicable), but not
limited to, geological interpretation, grades, commodity price assumptions, metallurgical performance, extraction
and mining recovery rates, hydrological and hydrogeological assumptions, capital and operating cost estimates, and
general marketing, political, business and economic conditions, the continued availability of quality management,
critical accounting estimates, all terms of the restructuring agreement and facility agreement to which MTV and the
Company are parties will be satisfied in the future including no events of default, existing water supply will continue,
supplemental water availability will continue, the geopolitical risk of Chile will remain stable, including risks related
to labour disputes, the construction and expansion of mining operations including the Papomono Masivo incline
block caving underground mining project, as well as the timing thereof and production therefrom; favorable
outcomes of litigation and /or arbitration initia ted by the minority shareholder of the Company’s operating
subsidiary, MTV; the timing of production and results for the recently restarted Don Gabriel mine; and expected
timelines for drawdown and repayment of indebtedness of MTV.
Actual results, performance or achievements could vary materially from those expressed or implied by the Forward-
Looking Statements should assumptions underlying the Forward-Looking Statements prove incorrect or should one
or more risks or other factors materialize, including: (i) possible variations in grade or recovery rates; (ii) copper price
fluctuations and uncertainties; (iii) delays in obtaining governmental approvals or financing; (iv) risks associated with
the mining industry in general (e.g., operational risks in development, exploration and production; delays or changes
in plans with respect to exploration or development projects or capital expenditures; the uncertainty of estimates
and projections relating to mineral reserves, production, costs and expenses; and labour , health, safety and
environmental risks) and risks associated with the other portfolio companies' industries in general; (v) performance
of the counterparty to the ENAMI Contract; (vi) risks associated with investments in emerging markets; (vii) general
economic, market and business conditions; (viii) market volatility that would affect the ability to enter or exit
investments; (ix) failure to secure additional financing in the future on acceptable terms to the Company, if at all; (x)
commodity price and foreign exchange fluctuations and uncertainties; (xi) risks associated with catastrophic events,
manmade disasters, terrorist attacks, wars and other conflicts, or an outbreak of a public health pandemic or other
public health crises, including COVID-19; (xii) those risks disclosed under the heading "Risk Management" in TVC’s
Management’s Discussion and Analysis for the period ended December 31, 2020; and (xiii) those risks disclosed
under the heading "Risk Factors" or incorporated by reference into TVC’s Annual Information Form dated March 3,
2021. The Forward-Looking Statements speak only as of the date hereof, unless otherwise specifically noted, and
SRHI does not assume any obligation to publicly update any Forward-Looking Statements, whether as a result of new
information, future events or otherwise, except as may be expressly required by applicable Canadian securities laws.
For further information:
Michael Staresinic
Chief Executive Officer
T: (416) 943-7107
Renmark Financial Communications Inc.
Joshua Lavers: [email protected]
T: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com
Source: Three Valley Copper.
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TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.