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February 11, 2022

Allied Copper reaches option deal for Stateline Property in US

The Stateline Property comprises 22 unpatented mining claims that cover 148ha in Colorado and Utah.

Canada-based mining exploration firm Allied Copper has entered an agreement to acquire the Stateline Property in Colorado and Utah, US.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
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The deal provides Allied Copper with exclusive rights to buy a 100% undivided legal and beneficial interest in the property from Cloudbreak Discovery Canada and Alianza Minerals.

During a three-year period, Allied will make a $248,336 (C$315,000) aggregate cash payment to Cloudbreak and Alianza.

The firm will also incur $2.99m (C$3.8m) in exploration costs on the property and issue 4.3 million shares over a period of three years.

Cloudbreak and Alianza, however, will retain a 2% net smelter royalty on the property.

Allied Copper executive chairman Warner Uhl said: “The Stateline, Silver King (SK) and Klondike Properties all have the potential to become strategically located producing copper mines in a tier-one jurisdiction.

“Our focus now turns to an extensive exploration campaign across the portfolio of assets being conducted in Q2 and Q3 of 2022. Lisbon Valley Copper has the capacity to produce 54 million pounds of annual copper production.”

The Stateline Property comprises 22 unpatented mining claims that cover a total area of 148ha in San Miguel County, Colorado, and San Juan County, Utah.

The project is situated within the Paradox Copper Belt, which comprise the producing Lisbon Valley Mining Complex.

Alianza President and CEO Jason Weber said: “We are delighted to grow our relationship with Allied and are looking forward to supporting their exploration efforts in the Paradox Basin. Having both Stateline and Klondike with the same partner allows us to better understand the geology and mineralisation within the Paradox Basin and explore the regional opportunity within it.”

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Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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