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World Copper Signs Letter of Intent with DESALA for Development of Escalones Seawater Supply Alternative, Provides Update on Progress of Ongoing Drilling Campaign
Vancouver, British Columbia--(Newsfile Corp. - April 21, 2022) - World Copper Ltd. (TSXV: WCU)...
About this update from World Copper Ltd
[{"type":"text","content":"World Copper Signs Letter of Intent with DESALA for Development of Escalones Seawater Supply Alternative, Provides Update on Progress of Ongoing Drilling CampaignVancouver, British Columbia--(Newsfile Corp. - April 21, 2022) - World Copper Ltd. (TSXV: WCU) (OTCQX: WCUFF) (FSE: 7LY0) (\"World Copper\" or the \"Company\"), announces that its wholly-owned Chilean subsidiary has signed a non-binding Letter of Intent (as defined below) with Desaladora Rosario SpA (\"DESALA\") for the construction of a pipeline, which will provide a desalinated seawater supply alternative for the Company's flagship Escalones project in Central Chile (\"Escalones\" or the \"Escalones Project\"). DESALA develops water desalination projects using reverse osmosis technologies that allows for the production of high-quality fresh water, free of boron and other chemicals, suitable for human consumption, irrigation and mining operations (see about DESALA below). The Company's intention is to partner with DESALA to contribute to an effort of reducing the negative effects of climate change that affect many communities in Chile, as well as to secure a climate-conscious, sustainable water supply for future development of the Escalones Project. Letter of Intent with DESALAIn recognition of the sensitivity around the use of continental water for mining operations in Chile and the general growing need for fresh water in the region around Escalones, World Copper, through its wholly-owned Chilean subsidiary, and DESALA have signed a letter of intent dated April 18, 2022 (the \"Letter of Intent\"). The Letter of Intent provides for both parties to work jointly towards developing and constructing a pipeline and a desalination plant at the coast in the Cardenal Caro province (O'Higgins region) of Chile, which will secure a source of water with suitable capacity to support the Escalones Project's future operations, and allow for the possibility of sharing water capacity with nearby communities.Nolan Peterson, CEO and President of World Copper, commented, \"We are excited to be embarking together with DESALA on this journey towards sustainable water supply for Escalones. Not only will this Letter of Intent be the first step on providing us with a viable source of non-continental water for Escalones it also provides us the opportunity to strengthen our relationships with th...