News Update: 16th Feb 2024
Saracen Ventures into Public Listing to Fuel Expansion in Peru’s Mining Sector
Established in 2017, the engineering support firm has been dedicated to serving Peru’s small-scale mining industry, successfully completing numerous projects focused on the construction and enhancement of mineral processing businesses.
Notably, the company secured equity in one such enterprise, showcasing its commitment to strategic partnerships and long-term growth.
Recognizing the abundant investment opportunities in Peru’s mining sector, the company acknowledges the limitations of private funding for larger ventures. To address this, the firm aims to leverage the support of a public listing in the USA, facilitating access to capital markets and offering investors increased security.
With the recent acquisition of equity in a Peruvian mining and agricultural company, the company’s board is poised to execute its plan for a public listing. Potential investors will be presented with two avenues for participation: a convertible note and a private placement memorandum.
The primary objectives of the fundraising initiative are twofold: to finance the listing process and to initiate a lucrative Copper processing project in Peru’s Nazca region.
Against the backdrop of global uncertainty, the timing for this strategic move couldn’t be more opportune.
In addition to its existing portfolio, the company holds exploration and exploitation permits, positioning it to capitalize on untapped mining concessions in the future.
With plans set in motion, the firm eagerly anticipates embarking on its journey towards becoming a publicly listed entity.
As the company charts its course towards expansion and diversification, stakeholders eagerly await the unfolding of its next chapter in Peru’s dynamic mining landscape.
Gary Potter
President