Ero Copper Corp. has made a groundbreaking announcement with the signing of a definitive earn-in agreement with Salobo Metais S.A, a subsidiary of Vale Base Metals Limited, to earn a 60% interest in the Furnas Copper Project located in Brazil. This agreement marks a significant milestone for Ero and solidifies its position as a high-margin, high-growth, low carbon-intensity copper producer.
The terms of the Agreement align with a previously signed binding term sheet, indicating a strategic move for both Ero and Salobo Metais S.A. The Furnas Copper Project, located in the Carajás Mineral Province in Pará State, Brazil, offers promising opportunities for the future of copper production.
Ero Copper Corp.’s primary asset is a 99.6% interest in Mineração Caraíba S.A., a Brazilian copper mining company with operations in the Curaçá Valley, Bahia State, Brazil. The Company’s commitment to sustainability and growth is evident in its operations and corporate headquarters in Vancouver, B.C.
With the recent agreement in place, Ero Copper Corp. is well-positioned for expansion and continued success in the copper mining industry. Investors and stakeholders can look forward to increased production and potential growth opportunities as a result of this strategic partnership.
For more information on Ero Copper Corp. and its operations, interested parties can contact Courtney Lynn, SVP of Corporate Development, Investor Relations & Sustainability, at (604) 335-7504 or via email at info@erocopper.com. Ero Copper Corp.’s shares are publicly traded on the Toronto Stock Exchange and the New York Stock Exchange under the symbol “ERO”.
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