VANCOUVER, British Columbia, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Latin Metals Inc. ("Latin Metals" or the "Company") (TSXV: LMS) (OTCQB: LMSQF) is pleased to provide an update on exploration activities at the Cerro Bayo Gold–Silver Project, where its option partner, Daura Gold Corp. ("Daura"), has completed approximately 27 line-km of pole–dipole induced polarization ("IP") surveying over previously identified target areas to refine drill targets ahead of a planned 1,500 meters diamond drilling program , expe ...

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 Insights - Teuton Resources Corp. reports successful results from the 2025 drill program at the Goldstorm deposit, confirming high-grade mineralization continuity and expanding known zones [1][4][5] Exploration Results - The final drill hole GS-25-191-W1 intersected a northeastward extension of the 300 Horizon Zone, linking mineralized intercepts between the 300H and 300N zones [2][3] - Significant mineralized intercepts include: - 4.12 g/t gold, 16.48 g/t silver, and 0.01% copper over 8.90m in GS-25-191 [3] - 1.63 g/t gold, 4.89 g/t silver, and 0.02% copper over 10.70m, stepping out 52m to the south [3] - 1.88 g/t gold, 1.71 g/t silver, and 0.01% copper over 5.90m, providing continuity between mineralized domains [3][7] 2025 Exploration Program Overview - The program targeted gaps between the 300N and 300H Zones and aimed to identify additional high-grade SC-1 Zone-like structures [4] - Drilling confirmed and expanded several high-grade corridors within and surrounding the 300N and 300H Zones [5] Future Plans - An updated Mineral Resource estimate for Treaty Creek is underway, incorporating approximately 15,000 meters of drill data from 2024 and 2025 [11] - The updated estimate will utilize a smaller block model for better resolution of high-grade gold mineralization, targeted for completion in Q4 2025 [11] - Plans for underground ramp development to access the high-grade SC-1 Zone are contingent on permit approvals, with excavation expected to commence in Q3 2026 [12] Additional Exploration Opportunities - Tudor Gold is assessing opportunities to increase gold Mineral Resources at Treaty Creek in 2026, particularly following up on drill hole PS-23-10 at the Perfectstorm Zone [13]

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 - 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]

Core Viewpoint - Teuton Resources Corp. reports positive exploration results from its joint venture partner Tudor Gold at the Treaty Creek Project, indicating significant mineralization and potential for further resource estimation [1][4]. Exploration Results - The third drill hole, GS-25-190, intersected a 70-meter extension of the 300 Horizon Zone, linking it with the 300 North Zone along a potential structural corridor [2][3]. - Drill hole GS-25-190 yielded a mineralized intercept of 73.50 meters at 1.70 g/t gold, including higher-grade intervals of 2.58 g/t gold over 8.00 meters and 4.41 g/t gold over 10.50 meters [6][8]. Future Development Plans - Tudor Gold has filed a permit application for an underground ramp to access high-grade gold zones, which will facilitate more efficient drilling and resource definition [4][18]. - An updated Mineral Resource estimate is expected to be completed in Q4 2025, incorporating approximately 15,000 meters of drilling data from 2024 and 2025 [5]. Additional Drill Results - Earlier drill holes GS-25-188 and GS-25-189 also reported significant mineralization, with GS-25-188 showing 2.57 g/t AuEQ over 54.00 meters and GS-25-189 showing 7.06 g/t AuEQ over 3.00 meters [12][19][22]. - The results from these holes indicate strong potential for additional high-grade mineralization corridors between the SC-1 Zone and 300N [17][18]. Company Background - Teuton Resources holds a 20% carried interest in the Treaty Creek Project and a 0.98% Net Smelter Royalty in the Goldstorm Deposit, with Tudor Gold responsible for exploration costs until a production decision is made [1][29]. - The Treaty Creek Project is part of the prolific "Golden Triangle" area in British Columbia, known for its rich mineral deposits [31][30].

Core Viewpoint - Headwater Gold Inc. is initiating a non-brokered private placement to raise up to $1,000,000 through the sale of 3,333,333 units at a price of $0.30 per unit, aimed at supporting ongoing exploration and project generation in the Western United States [1][2] Group 1: Offering Details - The offering consists of units, each comprising one common share and one non-transferable share purchase warrant, exercisable at $0.50 for 36 months [1] - The shares will be subject to a one-year hold period, and the company can accelerate the expiry of the warrants if the share price exceeds C$0.75 for 20 consecutive trading days [1] Group 2: Use of Proceeds - Proceeds from the offering will be allocated to ongoing project generation, exploration of the company's gold projects in the Western United States, and general working capital [2][5] Group 3: Strategic Investments - The participation of notable investors Rick Rule and Jeff Phillips is highlighted as a strong vote of confidence in the company's strategy and management [1][5] - Rick Rule emphasized the effectiveness of the prospect generator model being executed by Headwater Gold [1] Group 4: Company Background - Headwater Gold is focused on exploring high-grade precious metal deposits in the Western USA and has a portfolio of epithermal vein exploration projects [5][6] - The company has strategic agreements with Newmont Corporation, enhancing its exploration capabilities [6]

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].