Vizsla Copper has announced a definitive agreement to acquire all issued and outstanding common shares of Universal Copper, marking a significant consolidation in the copper exploration sector. The agreement, signed on February 13, 2024, will see Vizsla Copper expanding its portfolio with Universal Copper’s flagship Poplar Project, among the most advanced pre-production copper projects in British Columbia, Canada.
The Poplar Project stands out with a substantial resource base, featuring an indicated mineral resource of 152.3 million tonnes at 0.32% copper, and an inferred mineral resource of 139.3 million tonnes at 0.29% copper. This acquisition not only adds a significant asset to Vizsla Copper’s holdings but also extends its land position in a proven mining district, covering over 39,000 hectares in British Columbia’s central interior.
This strategic move is set to benefit shareholders by offering exposure to a diversified portfolio of projects with strong expansion and discovery potential, from brownfield development at the Poplar Project to greenfield exploration across Vizsla Copper’s existing properties. Shareholders of Universal Copper will gain access to the expertise of Vizsla Copper’s management and board, supported by Inventa Capital.
The boards of directors of both Vizsla Copper and Universal Copper have unanimously approved the arrangement agreement and recommend that Universal Copper shareholders vote in favor of the transaction. The acquisition is expected to proceed smoothly, with no significant regulatory hurdles anticipated that could impede its completion. All necessary regulatory approvals are expected to be obtained, ensuring a low execution risk for the arrangement. 
