Los Andes Copper Ltd (TSX-V:LA) chairman Eduardo Covarrubias takes Proactive's Stephen Gunnion through the latest significant developments surrounding the company's Vizcachitas project and its role in the Desala Petorca water desalination project in Chile.
Covarrubias highlighted the importance of the project, which will supply water to various stakeholders in the Petorca Valley, including mining companies, agricultural producers, and local communities. He emphasized that Vizcachitas will be the anchor client for this project, which has announced a strategic alliance with major Chilean power company Colbún, making it crucial for the feasibility of the entire initiative.
Covarrubias also discussed the recent streamlining of the royalty agreement with Franco-Nevada Corporation, which is expected to simplify operations when Vizcachitas enters production. This agreement also brought in a $1.2 million interest-free payment, further strengthening the company’s balance sheet.
The conversation also touched on Los Andes Copper's ongoing efforts in community engagement, environmental approvals, and exploration activities aimed at expanding the Vizcachitas deposit. Covarrubias hinted at exciting news to come, particularly regarding the results of their geophysics and exploration work.
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