Interview with Erfan Kazemi, President & CEO of Horizon Copper Corp.
Our previous interview: https://www.cruxinvestor.com/posts/horizon-copper-hcu-sandstorms-quasi-royalty-copper-spin-out-3157
Recording date: 12th October 2023
Horizon Copper Corp. (TSX-V: HCU) is a base metals company focused on acquiring high-quality copper assets. The company was recently launched with the strategic partnership and backing of Sandstorm Gold Royalties, which holds a 34% stake in Horizon. Sandstorm brings its experienced technical advisory and corporate development teams to support Horizon in scaling quickly by acquiring quality assets.
Horizon's portfolio consists of three core assets including a 1.66% net profits interest in the Antamina mine in Peru, which is one of the largest copper mines in the world. Antamina is operated by a joint venture of majors including Glencore, BHP, Teck and Mitsubishi. Horizon also has a 30% interest in the Hod Maden development project in Turkey operated by SSR Mining. Additionally, Horizon owns 25% of Entrée Resources which provides a carried joint venture interest in a portion of the Oyu Tolgoi copper-gold mine in Mongolia operated by Rio Tinto.
Horizon aims to build a diversified portfolio of low cost, long-life copper assets located in top mining jurisdictions. The company has minimal capital and operating commitments on its existing assets. This allows Horizon to direct future cash flows towards expanding its portfolio or paying down debt provided by Sandstorm on attractive terms. Horizon offers leveraged exposure to an anticipated copper supply deficit in coming years driven by electrification and decarbonization.
View Horizon Copper's Company Profile: https://www.cruxinvestor.com/companies/horizon-copper
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An insight into junior mining and opportunities to invest.
Company Interviews, a Crux Investor show, exists to cut through the jargon, bias and bluster.
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