In This Article:
Vancouver, British Columbia--(Newsfile Corp. - January 10, 2025) - Sarah Armstrong-Montoya, President and Chief Executive Officer of Cordoba Minerals Corp. (TSXV: CDB) (OTCQB: CDBMF) (otherwise "Cordoba" or the "Company"), is pleased to announce that the Company has received the previously announced bridge financing of US$10 million from certain affiliates of its joint venture partner, JCHX Mining Management Co., Ltd. ("JCHX").
The proceeds from the bridge financing in the form of two loans of US$5 million (the "Bridge Loans") have been advanced to Cordoba, and the joint venture entity which holds the Alacran Copper-Gold-Silver Project in Colombia (refer to Cordoba's news release dated December 27, 2024).
The purpose of the Bridge Loans is to ensure the Company can continue the advancement of its mineral projects, including the detailed engineering design work program at the Alacran Project in Colombia, and for general corporate purposes.
"With the receipt of the bridge financing, we continue to focus on advancing the detailed engineering design work program at the Alacran Project while engaging with our stakeholders to move the Project towards the construction stage," commented Ms. Sarah Armstrong-Montoya, President and CEO of Cordoba.
About Cordoba
Cordoba Minerals Corp. is a mineral exploration company focused on the exploration, development and acquisition of copper and gold projects. Cordoba is jointly developing the Alacran Project with JCHX Mining Management Co., Ltd., located in the Department of Cordoba, Colombia. Cordoba also holds a 51% interest in the Perseverance Copper Project in Arizona, USA, which it is exploring through a Joint Venture and Earn-In Agreement. For further information, please visit www.cordobaminerals.com.
ON BEHALF OF THE COMPANY
Sarah Armstrong-Montoya, President and Chief Executive Officer
Information Contact
Ran Li +1-604-689-8765
info@cordobamineralscorp.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, the Alacran Project and development thereof. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.
