Adventus Zinc is uniquely positioned to take advantage of the strong fundamentals in the zinc market. Adventus acquired from Altius Minerals Corporation an extensive portfolio of zinc exploration projects in Ireland and Newfoundland, which Altius had been opportunistically assembling over the current decade. Ireland hosts Europe’s largest zinc mine and Adventus Zinc’s lands comprise the second largest license portfolio in the country, including the Kingscourt Project, which is currently being drilled by a major under a joint venture agreement, and Rathkeale, which hosts the projected westward extension of structures related to Glencore's Pallas Green Project (inferred mineral resources of 44 Mt at 7% Zn and 1% Pb; Glencore - Resources & Reserves Report 2015) and Teck/Connemara's Stonepark Project. 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).
In addition to advancing its exploration lands, Adventus Zinc intends to pursue the acquisition of major advanced zinc projects that range from resource delineation through to feasibility stage. Adventus Zinc has created a database of zinc-related projects based on defined criteria, with the view of acquiring one or more of these projects over the next 12 months. Altius and the co-founding strategic investors of Adventus Zinc will each contribute technical and financial expertise to this effort.
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 currently has approximately C$10 million in available funds, after having gone public on February 9, 2017. 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.