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Latin Metals ( (TSE:LMS) ) has provided an update.
Latin Metals Inc. has expanded its Para Copper Project in southern Peru by acquiring an additional 300 hectares of mineral rights, completing the consolidation of the 100%-owned project. This strategic acquisition secures key drill targets and positions the company to initiate the drill permitting process, with plans to seek a partner to fund and advance the project. The Para Copper Project, located in a tier-1 mining region with access to infrastructure and ports, now spans 2,200 hectares. The integration of exploration data from Vale Exploration Peru S.A.C. has been instrumental in identifying multiple high-priority porphyry-style drill targets, enhancing Latin Metals’ exploration capabilities and potential for future development.
More about Latin Metals
Latin Metals Inc. operates in the mining industry, focusing on the exploration and development of mineral properties. The company primarily targets copper projects, with a significant presence in Peru’s Coastal Copper Belt, known for its rich porphyry copper systems and excellent infrastructure.
Average Trading Volume: 110,328
Technical Sentiment Signal: Buy
Current Market Cap: C$25.6M
See more insights into LMS stock on TipRanks’ Stock Analysis page.