VANCOUVER, British Columbia, March 04, 2025 (GLOBE NEWSWIRE) — Bear Creek Mining Corporation (TSXV:BCM) (OTCQX:BCEKF) (BVL: BCM) (“Bear Creek” or the “Company”) announces that its Board of Directors (the “Board”) has initiated a comprehensive and thorough strategic review process (the “Strategic Review”) to explore and evaluate, on an expeditious basis, the strategic and financial options available to the Company with the ultimate view of enhancing value. The Board has also established a special committee of independent directors (the “Special Committee”) to manage the process, with a goal to complete the Strategic Review on an expeditious basis. Mr. Milau will advise the Special Committee and Board as the Company carries out the Strategic Review.
Strategic Review
The strategic and financial options that may be considered under the Strategic Review include, but are not limited to, recapitalization, a sale of all or some of the Company’s assets, a merger, joint-venture, business combination or any combination thereof. There is no deadline or definitive timetable for completion of the Strategic Review. It is the Company’s current intention not to disclose developments with respect to the Strategic Review until the Board has approved a specific transaction or otherwise determines that disclosure is necessary or appropriate. The Company cautions that there are no assurances or guarantees that the Strategic Review will result in a transaction or, if a transaction is undertaken, the terms or timing of such a transaction.
The Special Committee is expected to consist of Catherine McLeod-Seltzer, Peter Mitchell and Kevin Morano, as advised by Christian Milau. The Company has engaged BMO Capital Markets to act as financial advisor to the Company with respect to the Strategic Review and Sandstorm Gold Ltd. (“Sandstorm”) and Equinox Gold Corp. (“Equinox”), both significant shareholders of the Company, are supportive of the Strategic Review.
Eric Caba, President and CEO of the Company, states: “We are grateful to our major stakeholder partners, Sandstorm and Equinox, who share our opinion of the inherent potential within both Mercedes and Corani. With their support, our focus on unlocking the value of a fully permitted, world class silver deposit at Corani and an incredibly prospective land package at Mercedes continues with dedication and determination.”
Nolan Watson, President and CEO of Sandstorm, comments: “We see deep value in Bear Creek’s assets, which include one of the world’s largest, fully-permitted silver deposits, together with an operating gold-silver mine hosted within a large, highly-prospective land package. We look forward to the Strategic Review daylighting this value.”
Greg …
