Latin Metals Completes Spin-Out of Copper Assets Into Newly Listed Latin Explore

Latin Metals ( (TSE:LMS) ) just unveiled an update.

Latin Metals Inc. has completed the spin-out of its Para and Auquis copper projects into newly formed Latin Explore Inc., effective February 18, 2026, via a court-approved plan of arrangement. Existing Latin Metals shareholders received one new Latin Metals share and a fractional Latin Explore share for each original share, with Latin Metals continuing to trade on the TSX Venture Exchange under the LMS ticker.

Latin Explore becomes a separate reporting issuer in British Columbia and Alberta and has applied to list its shares on the TSX Venture Exchange under the symbol LXE. The spin-out was paired with a $3 million non-brokered private placement through Finco, whose securities were exchanged into Latin Explore shares and warrants, providing funding for exploration work programs and general working capital.

Following the transaction, Latin Explore has 43.68 million shares outstanding, largely held by private placement participants, Latin Metals shareholders, and Latin Metals itself. The new company has also issued 15.75 million warrants and granted 3.1 million stock options to directors, officers, and consultants, formalizing its capital structure and aligning incentives as it advances the spun-out copper assets.

More about Latin Metals

Latin Metals Inc. is a Vancouver-based mineral exploration company focused on copper and gold projects in Latin America. The company advances early-stage assets and structures deals through spin-outs and partnerships, while seeking to enhance shareholder value via project consolidation and targeted financings.

Average Trading Volume: 112,339

Technical Sentiment Signal: Buy

Current Market Cap: C$38.77M

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