Movers and SHAKERS
Chakana Copper Corp (CHKKF)(PERU:CA)
Revised Option Agreement Significantly Enhances Financial Flexibility
Noble Capital Markets research on Chakana Copper Corp is published under ticker symbols CHKKF and PERU:CA. The price target is in USD and based on ticker symbol CHKKF. Chakana Copper Corp is a Canadian-based minerals exploration company that is currently advancing the high-grade gold-copper-silver Soledad Project located in the Ancash region of Peru, a highly favorable mining jurisdiction with supportive communities. The Soledad Project consists of high-grade gold-copper-silver mineralization hosted in tourmaline breccia pipes. A total of 33,353 metres of drilling has been completed to-date, testing nine (9) of twenty-three (23) confirmed breccia pipes with more than 92 total targets. Chakana’s investors are uniquely positioned as the Soledad Project provides exposure to several metals including copper, gold, and silver.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
New payment terms. Chakana executed a binding agreement with Condor Resources Inc. to amend the terms of its Soledad purchase option agreement. Instead of making a US$4.425 million final payment on April 23, 2022, Chakana will complete the exercise of the option by either paying US$2.8 million and issuing 9,480,198 shares to Condor by June 23 or making cash and share payments to Condor over a three-year period.
Drilling expected to resume in June. In 2022, the company will likely conduct a 10,000-meter exploration drilling program to test 20 new targets. We expect the company’s geophysics program and target ranking to be completed shortly with drilling beginning in June using one rig. Outcomes from exploration drilling will likely determine high priority targets for a future resource drilling program ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.