Core Viewpoint - Latin Metals Inc. is transitioning from project advancement to execution, entering 2026 with multiple drill-ready assets in its gold and copper portfolio, supported by a strengthened balance sheet and no immediate need for equity financing [1][2]. Project Advancements - The company has several drill-ready projects and active partner-funded exploration programs as it enters 2026, focusing on generating new partnership opportunities [2]. - An option agreement was signed with Daura Gold for the Cerro Bayo and La Flora projects in Argentina, involving up to US$1.7 million in payments and 28,000 meters of drilling for an initial 75% interest [3]. - Extensive induced polarization surveys at Cerro Bayo are underway, with drilling expected to begin in Q1 2026 [4]. Partnerships - Moxico has rebranded its Esperanza and Huachi projects as the Zaha project, with geological work expanding the known mineralization footprint [5][6]. - Moxico is conducting environmental and social studies to support drilling permit applications, with 15,000 meters of drilling planned for 2026, subject to permit approval [7][8]. Exploration Projects - The Organullo gold project in Argentina is fully permitted and drill-ready, with multiple high-priority drill targets identified [9][10]. - The Lacsha copper project in Peru is also fully drill-permitted, with additional geochemical sampling completed in 2025 [11]. - The company controls approximately 500,000 hectares of exploration territory in northwest Argentina, with plans for initial regional surface geochemical surveys in 2026 [13][14]. Financial Outlook - Latin Metals has a strengthened balance sheet, having completed a $1.33 million private placement and received approximately C$1.79 million from stock options and warrants in 2025, with no anticipated need for near-term equity financing [16]. Spin-Out Plans - The company is advancing the proposed spin-out of its Para and Auquis copper projects into Latin Explore Inc., with a special shareholder meeting scheduled for January 14, 2026 [17][18]. Upcoming Events - Latin Metals will participate in several industry conferences in Q1 2026 to connect with investors and potential partners, showcasing its exploration progress and partnership opportunities [19][21].

Announces $1.79 Million Option and Warrant ExerciseVANCOUVER, British Columbia, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. ("Latin Metals" or the "Company") (TSXV: LMS) (OTCQB: LMSQF) reports that option partner Daura Gold Corp. ("Daura") (TSXV: DGC) has commenced induced polarization ("IP") geophysical surveying across the Cerro Bayo gold-silver project (the "Project") (Figure 1) in the Deseado Massif, Santa Cruz Province, Argentina. Daura has an option (the "Option") to earn up to 80% interest in ...

VANCOUVER, British Columbia, Dec. 22, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. ("Latin Metals" or the "Company") (TSXV: LMS) (OTCQB: LMSQF) reports that option partner Daura Gold Corp. ("Daura") (TSXV: DGC) has commenced induced polarization ("IP") geophysical surveying across the Cerro Bayo gold-silver project (the "Project") (Figure 1) in the Deseado Massif, Santa Cruz Province, Argentina. Daura has an option (the "Option") to earn up to 80% interest in the Project (see previous news release dated Novem ...

Core Viewpoint - Latin Metals Inc. is progressing with a spin-out transaction involving its Para Copper Project and Auquis Copper Project into a wholly owned subsidiary, Latin Explore Inc., which requires shareholder approval at a special meeting scheduled for January 14, 2026 [1][2]. Shareholder Meeting Details - The special meeting of shareholders will take place on January 14, 2026, at 9:30 a.m. in Vancouver, British Columbia, with a record date of December 8, 2025, for determining eligible shareholders [2]. - Shareholders will receive management information circulars and related materials, which are crucial for understanding the Arrangement and their rights [2]. Resolutions to be Approved - Shareholders will vote on multiple resolutions, including the Arrangement Resolution, a share exchange among Latin Explore, Finco, and Finco shareholders, and the implementation of an omnibus share incentive plan for Latin Explore [3][4]. - The Arrangement Resolution requires at least two-thirds approval from voting shareholders, while the other resolutions require a simple majority [4][5]. Board Recommendations - The Board of Directors unanimously recommends that shareholders vote in favor of all proposed resolutions, emphasizing that the completion of the share exchange is a condition for the Arrangement [5]. Financing Details - The non-brokered private placement for subscription receipts has been increased to 30,000,000 receipts, aiming for gross proceeds of $3,000,000 at a price of $0.10 per receipt [9]. - Post-Arrangement, shareholders are expected to hold approximately 25% of Latin Explore shares, with Finco shareholders holding about 69% [9]. Technical Report Filing - An independent technical report for the Para Project has been filed on SEDAR+, prepared in accordance with National Instrument 43-101, which will serve as the Qualifying Property for Latin Explore's listing application [11]. 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 [12].

Core Viewpoint - Latin Metals Inc. has announced a spin-out transaction involving its Para and Auquis Copper Projects in Peru, aimed at creating parallel value-creation opportunities for shareholders through the establishment of a new subsidiary, Latin Explore Inc. [1][2][3] Arrangement Details - The spin-out will be executed via a statutory plan of arrangement under the British Columbia Business Corporations Act, distributing approximately 10,944,000 common shares of Latin Explore to Latin Metals' shareholders [4] - Upon completion, shareholders of Latin Metals will hold approximately 28.3% of Latin Explore, while the company will retain about 7.1% and shareholders of Finco will hold approximately 64.6% [4] Financing and Share Exchange - Latin Explore will complete a share exchange with Finco, which has raised $2,500,000 through a private placement of 25,000,000 subscription receipts at $0.10 each [5] - Each subscription receipt will convert into a unit of Finco, consisting of one common share and one-half of a common share purchase warrant, with the warrants exercisable at $0.20 for 24 months [5][6] Special Committee and Recommendations - A special committee of independent directors reviewed the arrangement and recommended approval to the board, which has determined the arrangement is in the best interests of the company [10] - Evans & Evans, Inc. provided a verbal opinion that the arrangement is fair from a financial perspective for shareholders [10] Conditions and Approvals - The arrangement is subject to customary conditions, including approvals from the TSX Venture Exchange and a two-thirds majority vote from shareholders at the upcoming special meeting [11] - The listing of Latin Explore shares on the TSXV will depend on meeting the exchange's listing requirements [11] Project Overview - The Para Copper Project was acquired by Latin Metals in 2023 and expanded in 2025, with historical exploration data from Vale Exploration Peru S.A.C. confirming multiple porphyry-style targets [13][14] - The Auquis Copper Project has potential for various deposit types, with surface exploration revealing significant magnetic anomalies and mineralization [16] Company Background - Latin Metals Inc. operates under a prospect generator model, focusing on copper, gold, and silver exploration in Peru and Argentina, with 18 projects secured through option agreements with major mining companies [18]

Core Viewpoint - Latin Metals Inc. has entered into a binding Letter Agreement with Daura Gold Corp. allowing Daura to earn up to an 80% interest in the Cerro Bayo and La Flora projects, enhancing exploration potential in Argentina's precious metal belt [1][5]. Option Terms - Daura can earn a 75% undivided interest in the Properties over a 38-month period from the effective date of the Agreement [2]. - To exercise the Option, Daura must make total payments of US $1,700,000 to Latin Metals, assume US $400,000 in payments to the Underlying Vendor, and complete exploration work commitments [3]. Exploration Commitments - Irrevocable work commitments include 50-line km of IP profiling, 150-line km of gradient array IP, and 1,500 meters of drilling, with a total of 28,000 meters of drilling required before exercising the Option [4]. Joint Venture Formation - Upon exercising the Option, a joint venture will be formed with Daura holding 75% interest, increasing to 80% if the Top-Up Right is exercised [11]. - Daura will assume Latin Metals' right to repurchase a 0.5% NSR royalty from the Underlying Vendor for US $1,000,000 [12]. Financial Terms of Top-Up Right - Daura can increase its interest to 80% by making cash payments based on the mineral resources estimated in the Technical Report, with specific payment schedules outlined [6][9]. Properties Overview - Cerro Bayo and La Flora are located in the Deseado Massif, a region known for significant precious metal discoveries, with over 600 million ounces of silver and 20 million ounces of gold found since 1990 [16]. - The geological setting of Cerro Bayo aligns with known high-grade gold-silver systems in the area [17]. Strategic Position - The projects are strategically positioned in a prolific mining district, benefiting from existing infrastructure and a skilled workforce [14]. - Exploration work has already defined a 6 km-wide structural corridor with multiple low-sulfidation epithermal-style vein targets [15]. Company Background - Latin Metals operates under a prospect generator model, focusing on minimizing risk and dilution while maximizing discovery potential across its 18 projects [20]. - The company is actively seeking new strategic partners to advance its exploration portfolio [20].

Core Viewpoint - Daura Gold Corp has entered into a binding agreement with Latin Metals Inc to acquire up to an 80% interest in the high-grade Cerro Bayo and La Flora gold-silver projects located in the Deseado Massif, Santa Cruz Province, Argentina, enhancing its portfolio of high-quality exploration targets [1][2]. Project Overview - The Cerro Bayo and La Flora projects are situated in a prolific mining district that has produced over 600 million ounces of silver and 20 million ounces of gold since 1990, with notable nearby operations including Newmont's Cerro Negro Mine and Hochschild's San Jose Mine [3][20]. - Exploration has identified a 6-kilometer-wide structural corridor with multiple low-sulfidation epithermal-style vein targets, which are known for hosting high-grade precious metal deposits [4][19]. Exploration and Technical Highlights - Daura has identified nine high-priority drill target areas through geochemical analysis, mapping, and geophysical surveys, with surface samples at La Flora returning up to 71 g/t Au and 150 g/t Ag, and Cerro Bayo showing up to 2.3 g/t Au and 600 g/t Ag [6][19]. - The projects are drill-ready with 21 fully permitted drill pads, following the approval of an Environmental Impact Assessment in early 2025, and are accessible year-round with strong infrastructure [6][18]. Option Terms and Financial Commitments - Daura has the option to earn a 75% undivided interest in the projects over a 38-month period, requiring total payments of US $1,700,000 to Latin Metals and US $400,000 to the underlying vendor, along with specific exploration commitments [7][10]. - Irrevocable work commitments include 50-line km of IP profiling, 150-line km of gradient array IP, and 1,500 meters of drilling, with a total of 28,000 meters of drilling required before exercising the option [8][10]. Joint Venture Structure - Upon exercising the option, a joint venture will be formed with Daura holding a 75% interest, which can increase to 80% through a top-up right, contingent on additional cash payments based on mineral resource estimates [15][17]. - The underlying vendor retains a 0.75% net smelter return royalty, of which 0.5% can be purchased for US $1,000,000, a cost that will be assumed by Daura [9][16].

Core Viewpoint - Latin Metals Inc. announces the termination of its option agreement with AngloGold Argentina Exploraciones S.A. for the Organullo project, effective January 27, 2026, due to a shift in AngloGold's global exploration strategy [1][2]. Group 1: Project Details - The Organullo project remains 100%-owned by Latin Metals and is fully drill-permitted, with multiple untested targets for high-sulphidation gold and porphyry copper-gold mineralization [2]. - AngloGold had invested approximately US $3.3 million in exploration and permitting activities during the option period [3]. - The project includes advanced argillic alteration zones extending along a 6 km strike length, with strong potential for a significant gold discovery supported by various geological data [2][3]. Group 2: Market Context - Gold prices have significantly increased, exceeding US $4,000 per ounce in 2025, compared to US $1,800 per ounce in 2022 when the option agreement was signed, enhancing the attractiveness of the Organullo project [2]. - The geological setting of Organullo has been compared to Salares Norte in Chile, a high-grade gold deposit, indicating potential for a multi-million-ounce discovery [2][4]. Group 3: Company Strategy - Latin Metals operates under a prospect generator model, minimizing risk and dilution while maximizing discovery potential across its 18 projects in Peru and Argentina [6]. - The company aims to secure new partners to advance the Organullo project following AngloGold's withdrawal, leveraging the improved market conditions for gold [2].

Core Viewpoint - Latin Metals Inc. is planning to spin out its Peruvian exploration projects into a new subsidiary called Latin Explore, aiming to create parallel value-creation opportunities in Latin America [1][3][4] Spin-Out Details - The Spin-Out will be executed through a Plan of Arrangement (POA) and aims to list Latin Explore on the TSX Venture Exchange (TSXV) [2] - The record date for Latin Metals shareholders to receive shares in Latin Explore is anticipated to be January 9, 2026, with completion targeted for Q1 2026, pending necessary approvals [2][5] Strategic Rationale - The Spin-Out allows Latin Metals to pursue different exploration strategies without negatively impacting its share structure, providing shareholders with exposure to a self-funded, drill-focused exploration company [4][5] - Latin Explore will focus on drilling and testing targets to create value through discovery, while Latin Metals will continue its prospect generator model [3][6] Project Inclusions - The Spin-Out will include the 100%-owned Para Copper Project and Auquis Copper Project, both located in Peru [6][9] - The Para Copper Project has been advanced through systematic geochemical sampling and historical data acquisition from Vale Exploration Peru S.A.C., identifying multiple drill targets [7][8] Management Structure - Latin Metals expects some overlap in management and directors between Latin Metals and Latin Explore, with new appointments to be announced at the closing of the Spin-Out [5]

VANCOUVER, British Columbia, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. ("Latin Metals" or the "Company") - (TSXV: LMS) (OTCQB: LMSQF) is pleased to announce that AngloGold Argentina Exploraciones S.A. ("AngloGold Ashanti"), a wholly owned subsidiary of AngloGold Ashanti plc (NYSE: AU) plans to begin drilling at the Organullo Gold Project ("Organullo" or the ("Project"), in Salta Province, Argentina. AngloGold Ashanti has an option (the "Option") to earn up to an 80% interest in the Company’s Orga ...