(TSX: SRHI) - SRHI Inc. (
SRHI or the
Company - formerly Sprott Resource Holdings Inc.) today announced that it is withdrawing the Preliminary Economic Assessment (“
PEA”) from the Technical Report entitled “Minera Tres Valles Copper Project, Salamanca, Coquimbo Region, Chile NI 43-101 Technical Report” dated effective October 4, 2018 (the “
Technical Report”) of the Company’s Minera Tres Valles (“
MTV”) Copper Project in Chile.
The Company prepared this Technical Report to (i) advance the development of its two largest deposits (Papomono
Masivo and Don Gabriel
Mantos) of the nine identified mineral deposits, (ii) provide a detailed evaluation of the salt leach technology which is fundamental to the economic development of the sulfide deposits on the property, and (iii) provide a long-term view of the development of the entire property through a PEA level analysis of the production of all of the identified deposits on the property. The FS, both PFSs,
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TORONTO, March 15, 2021 (GLOBE NEWSWIRE) (TSX: SRHI) - SRHI Inc. ("SRHI" or the "Company" - formerly Sprott Resource Holdings Inc.) announced today that it has entered into an agreement with PI Financial Corp. and Eight Capital as co-lead underwriters and joint bookrunners (together, the “Co-Lead Underwriters”) on their own behalf and on behalf of a syndicate of underwriters (together with the Co-Lead Underwriters, the “Underwriters”), under which the Underwriters have agreed to buy on a bought deal basis 18,200,000 units (the “Units”) of the Company, at a price of C$0.55 per Unit for gross proceeds of approximately C$10,010,000 (the “Offering”). Each Unit consists of one common share in the capital of the Company (each a “Unit Share”) and one common share purchase warrant (each a “Warrant”). Each Warrant is exercisable into one common share of the Company (each a “Warrant S