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Fancamp Appoints Jasper Bertisen to its Board of Directors Further to the Announcement of Strategic Reorganization
Globenewswire· 2025-11-24 13:01
Core Insights - Fancamp Exploration Ltd. has appointed Mr. Jasper Bertisen to its Board of Directors, effective immediately, to support its strategic reorganization [1][4] Company Overview - Fancamp is a Canadian mineral exploration company focused on medium-term growth and monetization opportunities, with interests in high-potential mineral projects and a royalty portfolio [5] - The company holds significant interests in various minerals, including copper, gold, zinc, titanium, chromium, and rare-earth metals, with a notable asset being the Magpie property, one of the largest undeveloped hard rock titanium deposits globally [5] Leadership and Expertise - Mr. Jasper Bertisen brings over 20 years of experience in global mining investment and governance, having managed an $800 million portfolio and contributed to over $3.5 billion in capital raised during his tenure at Resource Capital Funds [2] - His expertise in evaluating mining projects from both technical and financial perspectives is expected to enhance Fancamp's strategic direction [2][4] Strategic Reorganization - Fancamp plans to separate its financial assets from its exploration assets, creating two distinct entities, with the financial entity focusing on investments, royalties, and other financial instruments [3] - This reorganization aims to streamline the portfolio and emphasize growth through strategic acquisitions [3]
Fancamp Appoints Jasper Bertisen to its Board of Directors Further to the Announcement of Strategic Reorganization
Globenewswire· 2025-11-24 13:01
Core Insights - Fancamp Exploration Ltd. has appointed Mr. Jasper Bertisen to its Board of Directors, effective immediately, to support its strategic reorganization [1][3]. Company Overview - Fancamp is a Canadian mineral exploration company focused on medium-term growth and monetization opportunities, with interests in high-potential mineral projects and a royalty portfolio [5]. - The company holds significant assets, including a 96% interest in Magpie Mines Inc., which owns one of the world's largest undeveloped hard rock titanium deposits [5]. Leadership and Expertise - Mr. Jasper Bertisen brings over two decades of experience in global mining investment and governance, having overseen an $800 million portfolio and contributed to over $3.5 billion in capital raised [2]. - His background includes extensive experience in mining private equity, focusing on due diligence and strategy execution across various commodities [2]. Strategic Reorganization - Fancamp plans to separate its financial assets from its exploration assets, creating two distinct entities, with Bertisen's expertise expected to enhance the financial entity's growth [3][4]. - The financial entity will focus on investments, royalties, and other financial instruments, aiming for a streamlined portfolio that emphasizes growth through strategic acquisitions [3].
SONORO GOLD PROVIDES CORPORATE UPDATE
Globenewswire· 2025-09-30 12:00
Core Insights - Sonoro Gold Corp. is providing a corporate update on its mineral projects in Sonora, Mexico, specifically focusing on the Cerro Caliche Gold project and the San Marcial Gold-Silver project [1] Cerro Caliche Gold Project - The company plans to commission an updated Preliminary Economic Assessment (PEA) for the Cerro Caliche Gold project, which is currently in the permitting phase for an open pit, heap leach mining operation [2] - The current PEA, filed in August 2023, outlines a 9-year mining operation at a rate of 12,000 metric tonnes per day, based on a gold price of US $1,800 per ounce [2] - The updated PEA will incorporate a higher gold price, increased capital and operating cost estimates, and a revised mine plan aligned with recent updates to the Environmental Impact Statement (MIA) [3] - Sonoro holds 100% of the concession rights for the Cerro Caliche project and has secured surface rights covering an initial 3,908 hectares through an agreement with the owner of the Cerro Prieto Ranch [4] - By September 1, 2028, the surface rights will expand to cover the entire 5,007-hectare Cerro Prieto Ranch, including rights to the neighboring Cerro Prieto mine [5] - The updated PEA will be based on data from 55,360 meters of drilling, with assays reporting on approximately 30% of the identified mineralized zones [6] - Future drilling campaigns will aim to expand the resource estimate and extend the mine life, with the updated PEA expected to be completed by the first quarter of 2026 [8] San Marcial Gold-Silver Project - The company is considering a strategic reorganization, including a potential spin-out of the San Marcial gold-silver project into a wholly owned subsidiary, Oronos Gold Corp. [9] - If the spin-out occurs, Sonoro shareholders would own shares in both Sonoro and Oronos, with Sonoro focusing on Cerro Caliche and Oronos on San Marcial [10] - The San Marcial project consists of four contiguous mining concessions and was acquired in 2014, with 100% title held through its subsidiary [11] - Previous exploration revealed anomalous zones with gold and silver mineralization, suggesting potential for large mineralization [12] - The strategic reorganization aims to unlock unrecognized value in the San Marcial project and fund its development without diluting Sonoro shareholders' holdings [13]