Everlert (EVLI) Initiates Reverse Merger with South American Copper Ltd
Everlert, Inc. plans to acquire South American Copper, Ltd.'s mining operations to enhance exploration and capital market access. The deal, contingent on future agreements, could reshape resource development strategies for both companies.
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Everlert, Inc. has proposed a reverse merger by entering a non-binding Letter of Intent to acquire 100% of South American Copper, Ltd. The merger aims to integrate South American Copper's assets with Everlert's existing platform, with a focus on enhancing exploration capabilities and facilitating access to U.S. capital markets.
Approximately $30 million has been invested in exploration to date, with a phased development plan requiring an estimated $10 million for initial phases. Completion of definitive agreements is anticipated by May 30, 2026, though the finalization of the transaction is not assured. This merger could notably influence resource development and increase market visibility for both companies.
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