Western Metallica diversifies portfolio with addition of highly prospective copper projects in Peru

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[{"type":"text","content":"Western Metallica diversifies portfolio with addition of highly prospective copper projects in Peru\n \n \n (NewsDirect)\n \n \n \n \n Western Metallica Resources CEO Gregory\nDuras joins Proactive's Stephen Gunnion with details of the\ncompany's acquisition of Consolidated Copper Corp, a private\nCanadian firm with two copper-molybdenum porphyry prospective projects\nin northern Peru.\n \n \n The deal involved\nissuing 20 million shares and 5 million warrants to acquire two\nsignificant copper projects: Caña Brava and Turmalina. These projects\nshowcase the potential for large porphyry-style copper systems with\nthe ability to yield over 500 million tons of high-grade copper.\n \n \n Duras said the move aligns with\nWestern Metallica's transition to becoming a copper-focused\ncompany to capitalize on the growing demand for copper, especially in\nelectric vehicle production.\n \n \n Peru,\nas the world's second-largest copper producer, offers a favorable\nmining jurisdiction that has been improving transparency in permitting\nprocesses to foster growth.\n \n \n The\ncompany's goal is to develop substantial copper resources in\npreparation for the projected rise in demand driven by electric\nvehicles and related technologies.\n \n \n As Western Metallica\nprogresses, it aims to contribute significantly to the evolving copper\nlandscape.\n \n \n \n Contact Details\n \n \n \n Proactive\nInvestors\n \n \n +1 604-688-8158\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2023 TheNewswire - All rights reserved.\n \n \n","length":2019,"tagName":"div"}]

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