Prismo Metals Closes Acquisition of Increased Interest in Hot Breccia

Core Viewpoint - Prismo Metals Inc. has increased its interest in the Hot Breccia copper project from 75% to 95% and has an option to acquire the remaining 5%, aiming for full ownership of the project [1][2]. Group 1: Transaction Details - Prismo paid CA $185,000 to acquire an additional 20% interest in the Hot Breccia project and assumed Infinitum's obligations under the existing option agreement [2]. - The transaction includes the issuance of 450,630 common shares to Walnut Mines LLC at a deemed price of $0.11 per share [2]. - Prismo will pay Infinitum 5% of any consideration received if it assigns its interest in Hot Breccia to a third party [2]. Group 2: Strategic Importance - The acquisition significantly enhances Prismo's strategic flexibility regarding the Hot Breccia project [2]. - The project is located in Arizona's copper belt, which contains several major porphyry copper deposits, indicating its potential value [3]. Group 3: Future Plans - Prismo is committed to advancing the Hot Breccia project and is evaluating various strategic alternatives to initiate drilling [2]. - Walnut Mines LLC supports actions that will facilitate a serious drilling program at Hot Breccia, with hopes for progress in 2026 [2].