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Aftermath Silver secures 100% of Berenguela project - ICYMI
Proactiveinvestors NA· 2026-01-10 16:06
Core Insights - Aftermath Silver Ltd has successfully completed the acquisition of the Berenguela project in southern Peru, now fully owned by the company [1][4] - The project is a significant silver-copper-manganese deposit, currently in its third phase of drilling, targeting exploration zones and future infrastructure [2][5] Acquisition Details - The acquisition process began in 2020, involving approximately $21 million Canadian in cash and shares, with complex legal work required for ownership transfer [4] - As of the end of December, Aftermath Silver holds 100% ownership of the Berenguela project, allowing for full control over the asset [4][8] Project Overview - The Berenguela project is a large deposit with potential for silver, copper, and manganese, all of which are currently experiencing high prices in the commodities market [5] - The company is focusing on drilling specific targets, including a copper zone on the eastern side and a copper-gold target in the southwest [6] Funding and Future Plans - Aftermath Silver raised about $20 million in December, providing full funding to advance engineering studies over the next 12 months [7] - The company aims to enhance the project's valuation in the market, leveraging its 100% ownership for strategic decisions regarding landholdings and associated costs [8]