Workflow
Ero Copper and Vale Base Metals Execute Definitive Earn-In Agreement on the Furnas Copper Project
VALEVale(VALE) GlobeNewswire News Room·2024-07-22 11:00

Agreement Details - Ero Copper Corp has signed a definitive earn-in agreement with Salobo Metais S A, a subsidiary of Vale Base Metals Limited, to earn a 60% interest in the Furnas Copper Project located in the Carajás Mineral Province in Pará State, Brazil [1] - The terms of the Agreement align with the previously signed binding term sheet outlined in the Company's press release dated October 30, 2023 [2] Company Overview - Ero Copper Corp is a high-margin, high-growth, low carbon-intensity copper producer with operations in Brazil and corporate headquarters in Vancouver, B C [3] - The Company's primary asset is a 99 6% interest in the Brazilian copper mining company, Mineração Caraíba S A, which owns the Caraíba Operations including the Pilar and Vermelhos underground mines and the Surubim open pit mine, and the Tucumã Project [3] - The Company also owns 97 6% of NX Gold S A, which owns the Xavantina Operations, an operating gold and silver mine located in Mato Grosso, Brazil [3] Additional Information - For more information on the Project, including location maps, geologic cross sections, historical drill intercepts and a description of the Company's work programs, refer to the Company's press release dated October 30, 2023 [2] - Additional information on the Company and its operations, including technical reports on the Caraíba Operations, Xavantina Operations and Tucumã Project, can be found on SEDAR+ and EDGAR [3]