EagleOne Metals Corp. Announces Letter of Intent to Acquire Surupampa Metals Corp.

Core Viewpoint - EagleOne Metals Corp. has entered into a non-binding letter of intent to acquire Surupampa Metals Corp., which holds an option agreement for a 100% interest in the Surupampa I mining concession in Peru [1][2]. Acquisition Details - The proposed transaction involves EagleOne acquiring all issued and outstanding common shares of Surupampa Metals Corp. through a share exchange [1][6]. - The transaction will involve the issuance of 18,750,000 common shares of EagleOne to the existing shareholders of Surupampa [6]. Property Overview - The Surupampa I mining concession is strategically located in a major mineral belt in northern Peru, known for gold-silver-copper base metal mineralization [2][3]. - The principal structures at the property include the Giuliana and Anita veins, which are quartz-dominant with minor carbonate [3]. Exploration Plans - Future exploration will focus on confirming the depth and strike extent of the Giuliana vein system, including detailed geological mapping and sampling [5]. - A drill program will be established to test mineralization at depth [5]. Financial Terms - The acquisition will involve several payments, including cash payments and share issuances, totaling approximately US$1,000,000 over specified timelines [8]. - Payments include an initial cash payment of US$100,000 and subsequent share issuances and cash payments scheduled through 2026 [8]. Conditions for Completion - The completion of the transaction is subject to negotiation of a definitive agreement, satisfactory due diligence, and necessary approvals from regulatory bodies [9]. Strategic Services Agreement - EagleOne has entered into a strategic services agreement with Fairfax Partners Inc. for investor relations and digital marketing services, with a monthly fee of CAD $5,000 and an annual marketing budget of up to CAD $500,000 [10][11]. Company Background - EagleOne Metals Corp. is a Canadian-based explorer focused on precious and base metals, holding options to acquire interests in various mining projects, including the Magusi West Gold Project in Quebec [12].