In 2019, Thackeray Mines & Minerals Inc. made its first foray into international operations by acquiring a 76% majority stake in a gold and silver mining project in El Callao, located in the Bolívar state of Venezuela. This strategic investment marked a pivotal moment in Thackeray’s history, reflecting its ambitions to expand beyond Canada and establish a global presence in the precious metals mining industry.

Situated in one of Venezuela’s most historically significant mining regions, the El Callao project was selected for its abundant gold and silver reserves. The region has a long legacy of mining activity, and Thackeray’s involvement brought modern expertise, technology, and sustainable practices to enhance the operation’s efficiency and productivity.

Leveraging its extensive experience from Canadian mining operations, Thackeray implemented advanced extraction and processing technologies at El Callao to maximize resource recovery while adhering to international environmental standards. The company also focused on upgrading the site’s infrastructure, including refining facilities and transportation networks, to support efficient production and export.

As Thackeray’s first international venture, the El Callao project demonstrated the company’s ability to navigate complex global markets and operate successfully in diverse geopolitical and environmental conditions. The project also allowed Thackeray to diversify its resource portfolio and revenue streams, strengthening its position as a global leader in gold and silver mining.