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Latin Metals ( (TSE:LMS) ) has issued an update.
Latin Metals Inc. has amended its agreement to acquire 100% ownership of the Cerro Bayo silver-gold project in Santa Cruz Province, Argentina. The new terms reduce near-term capital demands and provide flexibility for future partnerships, while securing committed payments for Tres Cerros Exploraciones S.R.L. Cerro Bayo is now fully permitted for drilling, with nine high-priority targets identified, positioning it as an attractive opportunity for strategic partners. Located in the prolific Deseado Massif, the project benefits from excellent infrastructure and an experienced workforce, enhancing its potential impact on Latin Metals’ operations and industry positioning.
More about Latin Metals
Latin Metals Inc. is a copper, gold, and silver exploration company operating in Peru and Argentina under a prospect generator model. The company focuses on minimizing risk and dilution while maximizing discovery potential through securing option agreements with major mining companies to fund exploration. Current option holders include AngloGold Ashanti and Moxico Resources.
Average Trading Volume: 77,048
Technical Sentiment Signal: Buy
Current Market Cap: C$24.99M
For detailed information about LMS stock, go to TipRanks’ Stock Analysis page.