Joint venture with no dilution

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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MoneyK

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Joint venture with no dilution

posted on Mar 15, 2020 12:20PM

In a way, we got 20M from Teck at the beginning. This was more than required to keep us going for a while, but the board preferred to give back a good portion of that money in form of a dividend. Maybe this was the best decision at the time to be fair with all current shareholders.

Over the years, Copper Fox still had to raise money and dilute the float to keep moving forward.

Did anyone ever see a joint venture structured in a way that garantees minimum payments per year from the operator while the project is being advanced?

In the case where a joint venture would happen with Van Dyke or another property, it could be great to have something really protecting us from dilution.