Imperial X Plc Imperial X Forms US Copper Exploration Alliance
15 Junio 2021 - 2:00AM
UK Regulatory
TIDMCDL
15 June 2021
Imperial X
(Imperial X or the "Company")
(Soon to be renamed Cloudbreak Discovery Plc)
Imperial X and Alianza Minerals
Form Southern US Copper Exploration Alliance
Imperial X PLC (LSE: CDL) and Alianza Minerals Ltd. (TSX-V: ANZ, OTCQB: TARSF)
("Alianza") announce the two companies have formed a strategic alliance to
explore for copper deposits in the United States. This alliance will focus on
the identification, acquisition and advancement of copper projects in the
states of Arizona, Colorado, New Mexico and Utah. Together, the two companies
intend to identify new copper exploration opportunities to acquire and advance
with the intent of finding a partner to further the projects.
Kyler Hardy, President and CEO of Imperial X expressed his enthusiasm for
working with the Alianza team, "Entering into this alliance will enhance our
initial target evaluation and accelerate our ability to pursue opportunities
throughout the region with enticing examples of mineralization to target. These
are the types of relationships that have worked well for Imperial X's
management team in past transactions and follows in line with the objectives of
Imperial X."
Jason Weber, President and CEO of Alianza, noted that "We are looking forward
to identifying a robust portfolio of copper projects with the Imperial X team.
We started this process in 2020 and are excited to bring Imperial X's
expertise, together with our own, to take advantage of these opportunities."
Under the terms of the alliance, either company can introduce projects to the
strategic alliance. Projects accepted into the alliance will be held 50/50 but
funding of the initial acquisition and any preliminary work programs will be
funded 40% by the introducing partner and 60% by the other party. Project
expenditures are determined by committee, consisting of two senior management
personnel from each party. Alianza is the operator of alliance projects unless
the alliance steering committee determines that Imperial X would be a more
suitable operator, on a case-by-case basis. The initial term of the alliance is
two years and can be extended for an additional two years.
Alianza and Imperial X expect to make project acquisitions for the alliance and
start exploring imminently.
For additional information please contact:
Imperial X PLC Tel: +1 604 428 9480
Kyler Hardy, CEO khardy@cloudbreakdiscovery.com
Kyle Hookey, Director khookey@cloudbreakdiscovery.com
Novum Securities Tel: +44 7399 9400
Financial Adviser and
Broker
David Coffman / Lucy
Bowden
Colin Rowbury
Blytheweigh Tel: +44 207 138 3204 Cloudbreak@blytheweigh.com
(Financial PR/IR-London)
Tim Blythe
Megan Ray
About Imperial X
Imperial X PLC, which will change its name to Cloudbreak Discovery PLC as soon
as practicable, is a leading natural resource project generator, working across
a wide array of mineral assets that are being developed and managed by an
experienced team with a proven track record. Value accretion within the
projects being developed by the Cloudbreak's generative model enables a multi
asset approach to investing. Diversification within the mining sector and
amongst resource classes is key to withstanding the cycles of natural resource
investing.
About Alianza Minerals Ltd.
Alianza employs a hybrid business model of joint venture funding and
self-funded projects to maximize opportunity for exploration success. The
Company currently has gold, silver and base metal projects in Yukon Territory,
British Columbia, Colorado, Nevada and Peru. Alianza currently has one project
(Tim, Yukon Territory) optioned out to Coeur Mining, Inc. and a copper
exploration alliance in the southern United States with Cloudbreak Discovery
PLC. Alianza also is seeking partners on other projects. The Company is listed
on the TSX Venture Exchange under the symbol "ANZ" and trades on the OTCQB
market in the US under the symbol "TARSF".
END
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