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Teuton Reports Final Hole Drilled in 2025 at Treaty Creek
Thenewswire· 2025-11-04 13:25
 Victoria, British Columbia, Canada – TheNewswire - November 4, 2025 -  Teuton Resources Corp.  (“Teuton” or “the Company”) (“TUO”-TSX-V) ("TFE"- Frankfurt) is pleased to report that Joint Venture (“JV”) partner Tudor Gold ("Tudor") has announced, in a news release dated November 3, 2025, results from the fifth and final drillhole of the 2025 drill program at the Goldstorm deposit, Treaty Creek property situated in northwestern British Columbia in the heart of the Golden Triangle.Hole GS-25-191-W1, the fina ...
Latin Metals and Daura Gold Agree to Option Terms for Cerro Bayo and La Flora Projects, Santa Cruz Province, Argentina
Globenewswire· 2025-11-03 13:45
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].
Latin Metals Announces Plan to Spin-Out Peruvian Copper Assets
Globenewswire· 2025-10-24 11:45
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]
Teuton Reports Positive Drill Results from Treaty Creek Property, Golden Triangle, British Columbia
Thenewswire· 2025-10-10 12:05
  Victoria, British Columbia, Canada – TheNewswire - October 10, 2025 - Teuton Resources Corp.  (“Teuton” or “the Company”) (“TUO”-TSX-V) ("TFE"- Frankfurt) is pleased to report that Joint Venture (“JV”) partner Tudor Gold ("Tudor") has announced, in a news release dated October 8, 2025, positive results from the third hole of the 2025 exploration drill program at the Treaty Creek Project, located in the Golden Triangle of Northwest British Columbia.  Teuton owns a 20% carried interest (carried until a prod ...
Headwater Gold Announces Strategic Private Placement with Lead Orders from Rick Rule and Jeff Philips
Thenewswire· 2025-08-14 10:30
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]
Latin Metals Signs Definitive Option Agreement for Huachi Copper-Gold Project, San Juan Province, Argentina
Globenewswire· 2025-06-23 16:14
VANCOUVER, British Columbia, June 23, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. ("Latin Metals" or the "Company") - (TSXV: LMS) (OTCQB: LMSQF) is pleased to announce that it has entered into a definitive option agreement (the "Agreement") with Golden Arrow Resources Corp. ("Golden Arrow") to acquire up to a 100% interest in the Huachi property ("Huachi"), a 3,500-hectare copper-gold project located in San Juan Province, Argentina (see previous news release, dated March 13, 2024). The Huachi property is imm ...
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
Not for distribution to United States newswire services or for release, publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States. VANCOUVER, British Columbia, May 05, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. ("Latin Metals" or the "Company") - (TSXV: LMS) (OTCQB: LMSQF) announces a non-brokered private placement (the "Financing") of up to 9,090,090 units (each, a "Unit") for a subscription price of $0.11 per Unit, to raise total gross proceeds o ...