On May 8, 2025, Cordoba entered into a definitive framework agreement to sell its remaining 50% interest in the Alacrán Project, which is one of Colombia’s most advanced copper-gold development assets, along with all other exploration assets in Colombia and certain accounts receivable to Veritas Resources AG, which currently owns the other 50% of the Alacrán Project. Under the terms of the transaction, Cordoba will receive a cash payment of US$88 million at closing and a deferred payment of US$12 million. Cordoba may also receive a payment of either US$8 million or US$28 million, contingent upon the prevailing copper price at the time of commercial production at the Alacrán Project.
Osler, Hoskin & Harcourt LLP advised the Special Committee of Cordoba with a team consisting of Joanna Cameron and Vanessa Yee (Corporate).
Key Contact
Partner, Corporate, Vancouver
Team
Associate, Corporate, Vancouver
