Business
Atacama Copper to Become Fuerte Metals
Vancouver, British Columbia--(Newsfile Corp. - August 22, 2024) - Atacama Copper Corporation (TSX...
About this update from Fuerte Metals Corporation
[{"type":"text","content":"Atacama Copper to Become Fuerte MetalsVancouver, British Columbia--(Newsfile Corp. - August 22, 2024) - Atacama Copper Corporation (TSXV: ACOP) (\"Atacama Copper\" or the \"Company\") is pleased to announce that it has changed its name to \"Fuerte Metals Corporation\" (the \"Name Change\") and trading symbol to \"FMT\". The board of directors passed a resolution on August 16th, 2024, approving the Name Change in accordance with the Articles of the Company.It is anticipated that the Company's common shares (the \"Common Shares\") will commence trading on the TSX Venture Exchange (the \"TSXV\") under the new name, \"Fuerte Metals Corporation\" effective as of the open of markets on August 26, 2024. The Common Shares will trade under the trading symbol \"FMT\" on the TSXV.Tim Warman, CEO, commented: \"Fuerte, Spanish for 'Strong', is a perfect description of this company. Strong management with a long history of discovery and value creation, strong backers with a record of supporting successful companies, and a strong vision for the company. In addition to our precious metals-rich Cristina project, the Company retains a significant focus on copper with Placeton/Caballo Muerto project in Chile which hosts several porphyry copper targets situated between the giant Relincho and El Morro/La Fortuna copper-gold deposits of the Teck/Newmont Nueva Union joint venture.\"We anticipate increased news flow this fall. After a short break during the rainy season in Chihuahua, drilling will resume at Cristina in early September with a focus on resource expansion in new target areas and the higher-grade portions of the known deposit. Based on the near-vertical structure of the Cristina veins, and the numerous coherent higher-grade zones identified to date, the Company believes the deposit is both amenable and better suited to underground mining. Drilling will continue through early 2025 as we completed a fully funded 21,000 m program ahead of a resource update later next year.The CUSIP number assigned to the Company's shares following the Name Change is 35958L101 (ISIN: CA35958L1013).The Name Change does not affect the rights of the Company's shareholders. There is no consolidation or division of capital associated with the Name Change. Shareholders will not be required to take any action in connection with the Name Change. Issued certificates or...