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]