Firetail Resources increases copper exposure with earn-in deal at York Harbour project in Canada

Small Caps06-06

Firetail Resources (ASX: FTL) has signed an earn-in agreement with York Harbour Metals to acquire up to 80% of the historic York Harbour copper project in Canada. Under the terms of the four-stage ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2441754236?lang=en_US&edition=fundamental","thumbnail":"https://cdn.shortpixel.ai/client/w_868,q_lossy,to_auto,ret_wait/https://150309019.v2.pressablecdn.com/wp-content/uploads/2024/06/Firetail-Resources-ASX-FTL-York-Harbour-acquisition-Newfoundland-Canada.jpg","is_english":true,"pubTime":"2024-06-06 10:58","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2441754236","market":"hk","top_or_hot":-1,"title":"Firetail Resources increases copper exposure with earn-in deal at York Harbour project in Canada","media":"Small Caps","content":"<div>\n<p>Firetail Resources (ASX: FTL) has signed an earn-in agreement with York Harbour Metals to acquire up to 80% of the historic York Harbour copper project in Canada.\nUnder the terms of the four-stage ...</p>\n\n<a href=\"https://smallcaps.com.au/firetail-resources-copper-exposure-earn-in-deal-york-harbour-canada/\">Source Link</a>\n\n</div>\n","source":"smallcap_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Firetail Resources increases copper exposure with earn-in deal at York Harbour project in Canada</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFiretail Resources increases copper exposure with earn-in deal at York Harbour project in Canada\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-06 10:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://smallcaps.com.au/firetail-resources-copper-exposure-earn-in-deal-york-harbour-canada/><strong>Small Caps</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Firetail Resources (ASX: FTL) has signed an earn-in agreement with York Harbour Metals to acquire up to 80% of the historic York Harbour copper project in Canada.\nUnder the terms of the four-stage ...</p>\n\n<a href=\"https://smallcaps.com.au/firetail-resources-copper-exposure-earn-in-deal-york-harbour-canada/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7104","symbol_name":"黄金","start_time":0,"source_url":"https://smallcaps.com.au/firetail-resources-copper-exposure-earn-in-deal-york-harbour-canada/","article_id":"2441754236","we_media_id":null,"thumbnails":["https://cdn.shortpixel.ai/client/w_868,q_lossy,to_auto,ret_wait/https://150309019.v2.pressablecdn.com/wp-content/uploads/2024/06/Firetail-Resources-ASX-FTL-York-Harbour-acquisition-Newfoundland-Canada.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2441754236","pubTimestamp":1717642690,"sourceInfo":{"source_id":"smallcap_stock","name":"Small Caps"},"weMediaInfo":null,"summary":"Firetail Resources  has signed an earn-in agreement with York Harbour Metals to acquire up to 80% of the historic York Harbour copper project in Canada.Under the terms of the four-stage deal, Firetail will make an immediate cash consideration of $100,000 and progressive payments upon completion of pre-determined milestones.Stage 1 will cost Firetail $200,000 plus 100 million shares to earn a 49% project interest, while Stage 2 will involve a $100,000 payment plus 25 million shares and 5 kilometres of drilling to earn an additional 11%.Upon completion of Stage 1, Firetail has agreed to grant York Harbour Metals a 2% net smelter returns royalty on all ores, resource estimates and related concentrates or metals containing precious metals, base, industrial and other minerals found on the project acreage.York Harbour is a Cyprus-style volcanogenic massive sulphide exploration project, located 180km from FireFly Metals’  Green Bay copper development in Newfoundland.The non-renounceable entit","collect":0,"end_time":0,"defaultTopTitle":"smallcaps.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7104":"黄金","FTL.AU":"FIRETAIL RESOURCES LTD","BK7095":"多种金属与采矿","FFM.AU":"FireFly Metals Ltd"},"translate_title":"Firetail Resources通过加拿大约克港项目的盈利交易增加铜敞口","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FFM.AU":1,"FTL.AU":1},"content_text":"Firetail Resources (ASX: FTL) has signed an earn-in agreement with York Harbour Metals to acquire up to 80% of the historic York Harbour copper project in Canada.\nUnder the terms of the four-stage deal, Firetail will make an immediate cash consideration of $100,000 and progressive payments upon completion of pre-determined milestones.\nStaged commitment\nStage 1 will cost Firetail $200,000 plus 100 million shares to earn a 49% project interest, while Stage 2 will involve a $100,000 payment plus 25 million shares and 5 kilometres of drilling to earn an additional 11%.\nUpon completion of Stage 1, Firetail has agreed to grant York Harbour Metals a 2% net smelter returns royalty on all ores, resource estimates and related concentrates or metals containing precious metals, base, industrial and other minerals found on the project acreage.\nStages 3 and 4 will each require a consideration of $100,000 plus 25 million shares and the completion of 7.5km of drilling (for Stage 3) and 10km of drilling (Stage 4) to earn a combined 20% equity.\nAt the end of Stage 4, York Harbour Metals will retain a 20% free-carried interest in the project until the completion of a pre-feasibility study.\nStrategic assets\nThe York Harbour transaction builds on Firetail’s aim of finding strategic copper assets in world-class locations to complement its existing suite of battery metals projects.\nYork Harbour is a Cyprus-style volcanogenic massive sulphide exploration project, located 180km from FireFly Metals’ (ASX: FFM) Green Bay copper development in Newfoundland.\nThe underground mine produced 10,000 tonnes of ore between 1898 and 1913 at grades of up to 12% copper, 7% zinc and 3 ounces per tonne silver.\nLimited exploration\nModern exploration has been limited to shallow drilling around historic workings, including the No 4 Pond target.\nThe work returned “exceptional” copper intercepts with extensive drill data for over 40,000 metres of surface and underground diamond drilling.\nBest assays were 29m at 5.25% copper and 9 grams per tonne silver from 147m, including 3.24m at 9.54% copper, 3.5% zinc and 10g/t silver from 167.8m.\nCopper exposure\nExecutive chair Brett Grosvenor said the York Harbour earn-in would broaden Firetail’s copper exposure and complement the early-stage Picha copper project currently being explored in Peru.\n“York Harbour presents an advanced brownfield opportunity in a proven district for copper mineralisation,” he said.\n“The near-term potential to define a mineral resource and expand the footprint is clear from our due diligence, and our team is very excited to get on the ground and start exploration.”\nCapital raising\nFiretail has launched a $1.56m share placement and entitlement offer to help advance exploration at York Harbour.\nThe placement will see the issue of 24 million shares at $0.04 each to sophisticated investors to raise $973,000.\nThe non-renounceable entitlement offer will issue one share for every ten shares held on the record date by existing eligible shareholders to raise an additional $595,622.\nMr Grosvenor said the proceeds would be used for electromagnetic geophysics work; channel and geochemical sampling; and ground activities including the laying of tracks and pads in preparation for a maiden drilling program at York Harbour.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2441754236"}