The Assay TV meets with Mark Brennan, executive chairman, and founder of Ascendant Resources (TSX: ASND | OTCQB: ASDRF | FRA: 2D9), a Toronto-based company focused on the exploration and development of its 80% owned Lagoa Salgada VMS project located on the prolific Iberian Pyrite Belt, Portugal.
Last week, the company announced that following an oversubscribed tender process, it has selected an international bank to act as the MLA for its Export Credit Agency project financing at its Lagoa Salgada Project, which is expected to propel the project towards construction in 2024. The board is currently in the process of reviewing the engagement letter and expects to announce the bank and terms in early November.
Additionally, following the robust economics demonstrated for the Venda Nova feasibility study earlier this year, Mark highlights Ascendant’s opportunity to enhance the Lagoa Salgada Project economics and operational efficiencies. This will be completed by the end of 2023.
Website: ascendantresources.com
Primary tickers: TSX:ASND, OTCQB:ASDRF, FRA:2D9
Stage of development: Exploration, Development
Commodities: Copper, Zinc, Lead, Silver, Gold
Project to promote: Lagoa Salgada VMS
Project location: Portugal
