Variscan Mines Secures Exclusive Marketing Partner for Zinc Sales
Variscan Mines, an exploration and development company focusing on high-grade zinc projects in Spain, has appointed Square Trading Singapore Pte Ltd as its exclusive marketing manager for the global sale of zinc concentrates from its Novales-Udias and Guajaraz Projects. This partnership aims to enhance the market reach of Variscan's products as the company progresses with its mining projects.
In addition to overseeing global sales, Square Trading will assist Variscan in securing third-party financing necessary for the construction and operation of these mines. Square Trading brings significant expertise in global marketing and trading and holds a stake in Zinc GroupCo, Variscan's largest shareholder.
Variscan continues to advance its Novales-Udias Project with an ongoing underground drilling program. The company plans to release an updated Mineral Resource Estimate and a Mine Re-Start Study in the second half of 2024.
The collaboration was solidified through an exclusive Marketing Agreement, aimed at optimizing the sale of zinc and lead concentrates from the Spanish projects. The agreement builds on discussions between Variscan and Zinc GroupCo, initiated in March 2023, to evaluate the market potential of future commodities from Variscan's assets.
Square Resources, the parent company of Square Trading, has been actively involved in the raw material supply chain since its establishment in 2010. The company engages in exploration, mining, sales, marketing, and trading, leveraging its extensive experience in the global market.
