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Mirasol Signs Agreement for the Sale of a Portfolio of Copper Projects in Mendoza, Argentina
Globenewswire· 2026-01-26 12:00
Core Viewpoint - Mirasol Resources Ltd. has signed an Asset Purchase Agreement to sell a portfolio of fourteen grassroots copper projects in Mendoza, Argentina to Argentina Metals Corp. for a total consideration of 1.3 million shares and US$50,000 [1][2]. Group 1: Transaction Details - The agreement includes a cash payment of US$50,000 and a total of 1,300,000 common shares of Argentina Metals, distributed as follows: 433,333 shares upon closing, 433,333 shares upon registration of the property transfer, and 433,334 shares at the earlier of one year from closing or upon public listing [2]. - If the public listing does not occur within one year, the properties will revert to Mirasol in exchange for the return of the shares and half of the cash payment [2]. Group 2: Company Background - Mirasol Resources Ltd. has over 20 years of experience in operating, permitting, and community relations in the mineral-rich regions of Chile and Argentina [3]. - The company is currently self-funding exploration at its flagship Sobek Copper-Gold Project located in the Vicuña Copper-Gold-Silver District of northeast Chile while advancing a strong pipeline of early and mid-stage projects [3].