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Latin Metals Provides Update on Esperanza Project, San Juan, Argentina
Globenewswire· 2025-09-17 12:30
Core Viewpoint - Latin Metals Inc. provides an update on its copper-gold projects, Esperanza and Huachi, in San Juan province, Argentina, highlighting significant progress and future plans for exploration and development [1][2][4]. Project Update - Moxico Resources has made substantial progress at the Esperanza project, expanding the known mineralization footprint and preparing for future drill testing [2]. - Geological mapping and systematic rock sampling have identified new copper mineralization in previously unexplored areas [2]. - Dr. Richard Sillitoe confirmed the presence of multi-phase mineralized intrusions, indicating potential extensions of mineralization [2]. Environmental and Social Initiatives - Moxico is advancing environmental and social works, including hydrological studies in partnership with Argentine research institutes [3]. - A social baseline study is being conducted in the Department of Jáchal, with local staff hired for logistics and environmental monitoring [3]. Financial and Agreement Updates - The underlying option agreement for the Esperanza project has been amended, removing the vendor's right to terminate due to project delays, with a new payment schedule established [5][7]. - Total payments to acquire a 100% interest in the Esperanza property amount to USD 2,306,000, with specific milestone payment dates outlined [5][6]. - Moxico has aligned its earn-in obligations with the amended terms, extending its drilling commitment into 2026, with a total of 15,000 meters of drilling planned for that year [8][10]. 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 [11].
Latin Metals Expands Para Copper Project, Peru
GlobeNewswire News Room· 2025-08-13 12:20
Core Insights - Latin Metals Inc. has acquired additional mineral rights for its Para copper project in southern Peru, expanding the project area and securing key drill targets [1][3][4] Acquisition Details - The newly acquired claim covers 300 hectares and was purchased for US$20,000 with no royalty obligations [7][9] - This acquisition consolidates a 100%-owned land position for the Para project, which now spans 2,200 hectares [12] Exploration and Data - Exploration data from Latin Metals, combined with historical data from Vale Exploration Peru, has defined multiple high-priority drill targets [3][10] - Vale had previously identified four priority drill targets and secured permits but did not conduct drilling [10] Project Development Plans - The company plans to initiate the drill permitting process shortly and is actively seeking a partner to fund and advance the project [4][7] - The Para project is located in Peru's Coastal Copper Belt, known for its favorable geology and infrastructure [12] Historical Context - Vale Exploration Peru conducted extensive groundwork on the Para project from 2013 to 2017, including geological mapping and geophysical surveys [10] - Latin Metals has validated and expanded upon Vale's work through systematic geochemical sampling [10][12]
Latin Metals Expands Para Copper Project, Peru
Globenewswire· 2025-08-13 12:20
Core Insights - Latin Metals Inc. has expanded its Para copper project in southern Peru by acquiring additional mineral rights, enhancing its coverage over key drill targets [1][6][8] - The integration of exploration data from Vale Exploration Peru S.A.C. has enabled the identification of multiple high-priority drill targets [3][4] - The company plans to initiate the drill permitting process and is actively seeking a partner to fund and advance the project [4][6] Acquisition Details - The newly acquired claim spans 300 hectares and was purchased for US$20,000, with no royalty obligations [6][8] - This acquisition consolidates the Para project, which is now 100%-owned by Latin Metals and covers a total of 2,200 hectares [11] Project Background - The Para Copper Project is located in Peru's Coastal Copper Belt, known for its favorable geology and infrastructure, making it attractive for exploration and potential mine development [11] - Vale Exploration Peru S.A.C. previously explored the project between 2013 and 2017, identifying four priority drill targets totaling approximately 2,500 meters and securing a drill permit, although no drilling was conducted [9] Exploration and Data Analysis - Latin Metals has conducted systematic geochemical sampling and interpretation, confirming the presence of multiple porphyry-style targets [9] - The exploration program included the collection of 208 talus samples, with results analyzed using industry-standard methods [12]
Latin Metals Expands Organullo Gold Project, Salta Province, Argentina
Globenewswire· 2025-07-28 12:30
VANCOUVER, British Columbia, July 28, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. ("Latin Metals" or the "Company") (TSXV: LMS) (OTCQB: LMSQF) is pleased to report that following an application submitted to the mining authorities in Salta Province, the Company has secured rights to the 1,032-hectare Malena VI mining property (the "Malena VI") (Figure 1). Malena VI is contiguous with the existing Organullo gold project and will form part of the properties included in an existing option agreement (the "Option" ...
Latin Metals Amends Agreement for 100% Ownership of Drill-Ready Cerro Bayo Silver-Gold Project, Santa Cruz Province, Argentina
Globenewswire· 2025-06-25 12:30
VANCOUVER, British Columbia, June 25, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. ("Latin Metals" or the "Company") - (TSXV: LMS) (OTCQB: LMSQF) is pleased to announce that it has entered into an amending agreement (the "Amended Agreement") to complete acquisition of 100% of the Cerro Bayo and La Flora Properties ("Cerro Bayo"), located in Santa Cruz Province, Argentina. This follows the receipt of drill permits earlier this year, positioning Cerro Bayo as a fully permitted, drill-ready silver-gold explorati ...
Latin Metals Signs Definitive Option Agreement for Huachi Copper-Gold Project, San Juan Province, Argentina
Globenewswire· 2025-06-23 16:14
Core Viewpoint - Latin Metals Inc. has entered into a definitive option agreement with Golden Arrow Resources Corp. to acquire up to a 100% interest in the Huachi property, a 3,500-hectare copper-gold project in Argentina, which is adjacent to its existing Esperanza project [1][9]. Agreement Terms - Latin Metals can acquire an initial 75% interest in the Huachi property by spending US$1,000,000 on exploration and making US$1,000,000 in cash payments to Golden Arrow over four years [3][8]. - After earning the 75% interest, Latin Metals has a Top-Up Right to acquire the remaining 25% for an additional US$2,000,000 within 90 days [4][8]. - If the Top-Up Right is not exercised, a joint venture will be formed with Latin Metals holding 75% and Golden Arrow 25%, with each party funding its share of future expenditures [5]. Work Commitments - Work commitments and cash payments will begin on the first anniversary of the environmental permit approval, which allows exploration activities to commence [6]. - The cash payments and work commitments are structured as follows: - First Anniversary: US$100,000 cash and US$100,000 work commitment - Second Anniversary: US$150,000 cash and US$150,000 work commitment - Third Anniversary: US$250,000 cash and US$250,000 work commitment - Fourth Anniversary: US$500,000 cash and US$500,000 work commitment - Total cash payments amount to US$3,000,000 for 100% ownership [7][8]. Project Overview - The Esperanza project features a partially defined copper-gold porphyry system, with historical drilling results indicating significant mineralization, including 387m at 0.57% Cu and 0.27 g/t Au [9]. - The mineralization at Esperanza is open in all directions, suggesting potential continuity towards the Huachi project [9]. Company Background - 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 [10]. - The company has 18 projects and secures option agreements with major mining companies to fund exploration, including partnerships with AngloGold Ashanti and Moxico Resources [10].
Latin Metals Secures Drill Permit for Organullo Gold Project, Salta Province, Argentina
Globenewswire· 2025-06-09 12:30
VANCOUVER, British Columbia, June 09, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. ("Latin Metals" or the "Company") - (TSXV: LMS) (OTCQB: LMSQF) is pleased to report that a Social & Environmental Impact Report (“SEIR”) (Informe de Impacto Ambiental y Social – Etapa de Exploración Avanzada) has been approved for exploration drilling at the Organullo Gold Project ("Organullo" or the "Project"), located in Salta Province, Argentina. The SEIR approval is issued in favour of Cardero Argentina S.A., a wholly owned ...
Latin Metals Announces Closing of Oversubscribed Private Placement for Gross Proceeds of $1.33 Million
Globenewswire· 2025-05-20 21:00
VANCOUVER, British Columbia, May 20, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. (“Latin Metals” or the “Company”) - (TSXV: LMS) (OTCQB: LMSQF) is pleased to announce the closing of its previously announced non-brokered private placement (the “Financing”) for aggregate gross proceeds of $1,330,499.94, through the issuance of 12,095,454 units (each a “Unit”) at a subscription price of $0.11 per Unit. Each Unit consists of one common share in the capital of Latin Metals (each, a “Share”) and one common share p ...
Latin Metals Appoints Eduardo Leon as Vice President of Exploration and Qualified Person
Globenewswire· 2025-05-08 18:52
Core Viewpoint - Latin Metals Inc. has announced the appointment of Eduardo Leon as Vice President of Exploration and has upsized its private placement to raise gross proceeds of up to $1.3 million [1][4]. Company Developments - Eduardo Leon has been with Latin Metals since 2020 and has played a significant role in the company's exploration efforts in South America, particularly in identifying copper potential in northwest Argentina [2]. - Leon's promotion is attributed to his leadership and strategic thinking, aligning with the company's prospect generator model aimed at maximizing exploration upside while minimizing dilution [3]. - The company has upsized its non-brokered private placement due to strong investor interest, now targeting total gross proceeds of up to $1.3 million, consisting of up to 11,818,182 units priced at $0.11 each [4]. Financial Details - Each unit in the private placement includes one common share and one purchase warrant, allowing the holder to buy a share at $0.20 for 36 months [4]. - The proceeds from the financing will be allocated for exploration, generative work, and general working capital [5]. - The company may pay finder's fees of up to 7% of the total gross proceeds raised, along with finder's warrants [6]. Stock Options - Latin Metals has granted 750,000 stock options to certain consultants, allowing them to purchase shares at $0.12 each for 36 months, representing 8.6% of the issued and outstanding stock [9]. Upcoming Events - The company will participate in several industry conferences, providing opportunities to connect with investors and showcase its exploration progress in Argentina and Peru [10]. Company Overview - Latin Metals operates under a prospect generator model, focusing on copper, gold, and silver exploration in Peru and Argentina, with 18 projects and partnerships with major mining companies [11].
Latin Metals Announces Private Placement for Gross Proceeds up to $1.0 Million
Globenewswire· 2025-05-05 12:30
Core Points - Latin Metals Inc. announced a non-brokered private placement to raise up to $1.0 million by issuing up to 9,090,090 units at a price of $0.11 per unit [1][2] - Each unit consists of one common share and one warrant, allowing the purchase of an additional share at $0.20 for 36 months [1] - The financing proceeds will be used for exploration, generative work, and general working capital [2] Financing Details - The company may pay finder's fees of up to 7% of total gross proceeds and issue finder's warrants equal to 7% of the total units issued [3] - All securities issued will be subject to a four-month and one-day hold period in Canada [4] - The financing is subject to necessary approvals from the TSX Venture Exchange and applicable regulatory authorities [4] Company Overview - Latin Metals is a copper, gold, and silver exploration company operating in Peru and Argentina, utilizing a prospect generator model [6] - The company has 18 projects and secures option agreements with major mining companies to fund exploration [6] - Current option holders include AngloGold Ashanti and Moxico Resources, providing early-stage exposure to high-value mineral assets [6] Upcoming Events - Latin Metals will present at several upcoming conferences, including the 121 Mining Investment Conference in London and the Deutsche Goldmesse in Frankfurt [8]