Avrupa Minerals Closes Oversubscribed CA$1.25M Private Placement

At very excessive zinc and copper costs, and with a reasonably spectacular (60.4m @ 2.25% CuEq) drill consequence on the Sesmarias goal, a part of the Alvalade undertaking in Portugal, it was simpler for Avrupa Minerals to boost nearly a 3rd of their market cap, being CA$1.25M. The Crucial Investor does a fast replace.


After asserting a robust and doubtlessly sport altering drill consequence (60.4m @ 2.25% CuEq) at Sesmarias on January 25, 2022, adopted by a CA$1M non-public placement on February 8, 2022, Avrupa Minerals Ltd. (AVU:TSX.V; AVPMF:OTC; 8AM:FSE) managed to extend this quantity, and raised CA$1.25M on March 2, 2022. As JV associate MATSA (now a part of Sandfire Assets) funds exploration on the Sesmarias large sulfide goal, a part of their flagship Alvalade undertaking in Portugal, Avrupa will use the proceeds to work on their very own, just lately acquired Finnish gold- and copper/zinc-focused properties.

Avrupa Minerals raised an oversubscribed whole of CA$1,250,000 from the issuance of the 16,666,667 items to fund the acquisition of 4 initiatives in Finland, for exploration expenditures on these properties, and for working capital. Every unit is comprised of 1 frequent share at CA$0.075, and a full warrant. The warrant is legitimate for 3 years expiring February 28, 2025 and is exercisable at $0.125.  Finder’s charges of seven.5% in money and seven.5% in finder’s warrants had been paid to eligible events. All securities are topic to a four-month maintain expiring on June 29, 2021.

CEO Paul Kuhn was completely happy to lastly see a full treasury after a very long time, and commented, “We’re happy with the continued robust help from our shareholders and from our new traders.  With the funding, we count on to advance our new initiatives in Finland by the exploration licensing course of, with the purpose of selecting the right areas in every of the reservations for license utility.  We additionally count on to amass and compile present historic knowledge, and proceed with new undertaking exploration work and beginning the drill focusing on course of.  We’re additionally excited concerning the continuation of totally partner-funded drilling and exploration at Sesmarias and the remainder of the Alvalade Undertaking, and await steerage from our associate as to how this system will proceed.  As well as, Avrupa continues to evaluate additional valuable and base metallic alternatives round Europe.”

It was good to see that MATSA needs to proceed the JV on the Alvalade undertaking, proper after lastly hitting the primary lengthy intercept at Sesmarias, however Avrupa remains to be ready on steerage from the brand new MATSA proprietor Sandfire Assets.

I’m additionally curious what the Finnish properties might have in retailer, as it’s a prolific space with a lot of profitable exploration by different firms ongoing. Further benefit in my opinion is the elevated management Avrupa may have about exploration spending, by paying for this themselves, which is able to turn into full management throughout Stage 2 of the earn-in, and naturally will then be working in the direction of full possession. 

In the course of the non-public placement, the corporate additionally introduced a shares-for-debt settlement. The quantity accounted for is CA$285k, and is meant to be settled with two insiders of the corporate, who’ve deferred wage and price funds for the previous a number of years, and in addition funded CA$56k with loans to the corporate. The proposal entails the issuance of three.8M shares @ CA$0.075, with no warrants. The remaining quantity of debt after this settlement will probably be settled in money at a later date.

Relating to ongoing exploration, Avrupa Minerals has accomplished 17 drill holes now at Sesmarias North, totaling 8,900 m, The corporate additionally drilled a 614m scout gap on the Caveira goal, which will probably be reported later throughout Q1.

Based on CEO Kuhn, the drill rig has been moved to a different MATSA property in Portugal to finish required work, vis à vis their license commitments, and can drill one to 2 holes earlier than presumably coming again to Sesmarias. Avrupa is ready on steerage from MATSA and their new house owners on how/when drilling will proceed. As a reminder: sport altering gap SES21-044 at Sesmarias was a part of a fence, drilled at part 350S to the south, as may be seen right here on this part:

Relating to holes SES21-041/042/43, these may also be reported in a while throughout Q1. 

Relating to the brand new acquisition in Finland, the corporate is about to shut the transaction with the seller, and has already actively labored on the data-in-hand for the Kolima reservation to totally determine lands needed for the exploration license utility. Avrupa expects to offer data on that within the coming weeks.  

The corporate plans to do additional evaluation investigations with a view to correctly determine the potential lands for exploration licenses within the different three reservations. These functions will not be due till later within the yr and into 2023.


It’s good to see Avrupa Minerals having raised first rate money on their very own after a very long time of being depending on JV associate MATSA, which isn’t working notably shortly because it makes use of a cautious method on exploration, not producing a number of information move. This might all change when Avrupa manages to get the brand new Finland properties permitted for exploration, and with recent CA$1.25M money in hand, it is ready to arrange first rate exploration packages which ought to be capable of present further and hopefully attention-grabbing information through the second half of this yr. Within the meantime, the corporate expects to proceed drilling at Sesmarias after the current break, and since Avrupa lastly hit critical mineralization of their final reported gap, issues are trying far more promising in Portugal impulsively.  

I hope you will discover this text attention-grabbing and helpful, and may have additional curiosity in my upcoming articles on mining. To by no means miss a factor, please subscribe to my free e-newsletter on my web site www.criticalinvestor.eu, with a view to get an e mail discover of my new articles quickly after they’re revealed.

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All photos are firm materials, except acknowledged in any other case.

All currencies are in U.S. {Dollars}, except acknowledged in any other case. 

Please notice: the views, opinions, estimates, forecasts or predictions relating to Aztec Minerals’ useful resource potential are these of the creator alone and don’t characterize views, opinions, estimates, forecasts, or predictions of Aztec Minerals or Aztec Minerals’ administration. Aztec Minerals has not in any means endorsed the views, opinions, estimates, forecasts, or predictions supplied by the creator.

The Crucial Investor is a e-newsletter and complete junior mining platform, offering evaluation, weblog and newsfeed and all types of details about junior mining. The editor is an avid and important junior mining inventory investor from The Netherlands, with an MSc background in development/undertaking administration. Quantity cruncher at undertaking economics, searching for high-quality firms, principally development/turnaround/catalyst-driven to keep away from an excessive amount of dependence/affect of long-term commodity pricing/market sentiments, and sometimes searching for long-term deep worth. Getting burned prior to now himself at junior mining investments by following overly optimistic sources that most of the time averted to say (hidden) dangers or important flaws, The Crucial Investor discovered his lesson properly, and goes a couple of steps additional ever since, offering a recent, extra in-depth, and important imaginative and prescient on issues, therefore the title.


The creator just isn’t a registered funding advisor, and has a protracted place on this inventory. Avrupa Minerals is a sponsoring firm. All details are to be checked by the reader. For extra data go to avrupaminerals.com and skim the corporate’s profile and official paperwork on www.sedar.com, additionally for necessary threat disclosures. This text is supplied for data functions solely, and isn’t supposed to be funding recommendation of any type, and all readers are inspired to do their very own due diligence, and speak to their very own licensed funding advisors prior to creating any funding choices.

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