Saracen Pro: Community Update
I wanted to take this opportunity to provide a brief update on our recent progress and, more importantly, what we have planned for the future.
US Reverse Merger
As previously mentioned, we have identified a suitable host for our reverse merger, and we are now in the process of ensuring that all regulatory requirements are met. While this is a
time-consuming process due to tightened SEC listing rules and the need to address any potential legacy issues, we are steadily moving forward. This remains a top priority as we work toward expanding our presence in the US market.
Green Gold: Avocado Farming
We are excited to announce that we have successfully negotiated the terms of a 20-year lease on 5 hectares of prime farming land in the Chaparra Valley, known for its fertile soil and
high-quality produce.
We hope to begin land preparations in December through to January, with planting scheduled to start in late April when weather conditions are most favourable. This timeline ensures optimal conditions for the avocado trees, allowing for the best possible yields in the future.
Due to the limited number of plots available in this initial phase, this will be a limited offer.
Therefore, early registration is imperative for those interested in this unique investment opportunity.
Additionally, once the farm goes into production, we will initiate a new community project in collaboration with the local mayor, with whom we have built a very good working relationship. This project will focus on benefiting the local community, ensuring that the positive impact of our operations extends beyond financial returns.
Saracen LATAM
Our corporate rebranding to Saracen LATAM is currently underway. We are also developing a new website that will better showcase our activities in Peru and reflect the future direction of the company. This transition marks a significant milestone in our growth strategy.
Chaparra Resources
Our team in Chala continues their efforts towards full flotation gold recovery. Recent additions to our equipment, such as the ball mill and larger crushers, have brought us closer to achieving that goal.
However, in order to bring the mill to full capacity, we still require significant additional investment. This will be one of our top priorities once we go public, and we plan to raise the necessary funds through the market to complete this project.
Mining Operations
Our Chief Engineer, Pablo, is actively identifying small-scale mining operations that could benefit from a financial boost to improve productivity. In return for our support, these operations could become suppliers to our Chala facility, provided their grades meet our requirements. Lower-grade materials put undue pressure on machinery, leading to breakdowns and costly repairs, so we are ensuring that only high-grade suppliers are considered.
Nazca Copper Project
The Nazca Copper Project is ready to go, but due to its scale and cost, we plan to move forward with this after we go public. However, we have received inquiries about potential joint ventures, and we will pursue these if they are feasible. Many mining ventures fail due to a lack of funding at critical stages, so we want to ensure the right fit before proceeding. Our
preferred approach is to tackle this after the listing to ensure we have the necessary resources in place.
Management Update
We are pleased to announce that Nick Tuke joined Saracen Pro as CEO in July. Nick brings a wealth of experience, particularly in taking companies public, and will be overseeing our transition to the public markets. His expertise in this area is invaluable as we move towards our listing and continue to grow the company.
Thank you for your continued support. We are excited about the progress being made and look forward to sharing more updates with you soon.
Gary Potter
President.