Latin Metals Announces Anticipated Closing Date for Spin-Out of Para and Auquis Copper Projects

Core Viewpoint - Latin Metals Inc. is set to complete a spin-out transaction of its Para Copper Project and Auquis Copper Project into a new entity, Latin Explore Inc., with the arrangement expected to close on February 18, 2026, allowing shareholders to receive new shares in both companies [1][4]. Group 1: Spin-Out Transaction Details - The spin-out will be executed through a court-approved plan of arrangement under the Business Corporations Act (British Columbia) [1]. - Each Latin Metals shareholder will receive one new common share of Latin Metals and approximately 0.07904222 shares of Latin Explore for each share held prior to closing [1][6]. - The final exchange ratio will be determined at the closing based on the number of issued and outstanding Latin Metals shares [6]. Group 2: Shareholder Instructions - Registered Latin Metals shareholders must complete and submit a letter of transmittal along with their share certificates to Computershare Investor Services Inc. to receive their new shares [2]. - Non-registered shareholders should contact their intermediaries for assistance in depositing their shares [3]. Group 3: Company Overview - Latin Metals Inc. operates as a copper, gold, and silver exploration company in Peru and Argentina, utilizing a prospect generator model to minimize risk and maximize discovery potential [7]. - The company seeks strategic partners to advance its exploration portfolio, focusing on high-value mineral assets [7]. Group 4: Additional Information - Further details regarding the arrangement can be found in the management information circular dated December 12, 2025, available on the company's website and SEDAR+ profile [4]. - The closing of the arrangement is subject to the approval of the TSX Venture Exchange and the satisfaction of remaining conditions [4].