Adventus Zinc is uniquely positioned to take advantage of the strong fundamentals in the zinc market.
In September 2017, Adventus entered into an agreement with Salazar Resources Limited (“Salazar”) (TSX-V: SRL) whereby Adventus may earn a 75% interest in Salazar’s Curipamba Project located in Ecuador by funding exploration and development expenditures of US$25 million over the next five years. The companies will explore for volcanic massive sulphide (“VMS”) as well as hydrothermal gold-silver style deposits within the Project’s vast and under-explored 21,500-hectare concession area, while also working on the completion of a feasibility study of the El Domo deposit.
Adventus also holds an extensive portfolio of zinc exploration projects in Ireland and Newfoundland, which it acquired from Altius Minerals Corporation as part of its Qualifying Transaction and IPO in February 2017. Ireland hosts Europe’s largest zinc mine and Adventus Zinc’s lands comprise the second largest license portfolio in the country. In Eastern Canada, the Company holds the land position surrounding the old Buchans mine located in Newfoundland, one of the highest grade polymetallic VMS mines in the world (past production of 16.2 Mt @ 14.51% Zn, 7.56% Pb, 1.33% Cu, 126 g/t Ag and 1.37 g/t Au).
A well respected board of directors and management team has been assembled with strong financial and technical background enabling this new zinc player to utilize its wide ranging relationships with corporates and private equity groups to advance its exploration portfolio while identify new and exciting zinc exploration and/or development opportunities.
The Company went public on February 9, 2017 and is well funded. This cash position provides Adventus with the flexibility and timeframe to complete systematic exploration, and potentially execute on accretive transactions early in the zinc cycle. Adventus has also attracted early financial backing from very strong strategic shareholders, which collectively have access to $100Ms of capital to invest in zinc exploration and development, including Greenstone Resources and Resource Capital Funds.