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Latin Metals ( (TSE:LMS) ) has issued an update.
Latin Metals Inc. has entered into a definitive option agreement with Golden Arrow Resources Corp. to acquire up to a 100% interest in the Huachi copper-gold project in San Juan Province, Argentina. This strategic move enhances Latin Metals’ exploration potential in the region, as the Huachi property is contiguous with the company’s Esperanza project. The agreement allows Latin Metals to initially acquire a 75% interest through exploration expenditures and cash payments, with an option to acquire the remaining 25% interest. This acquisition aligns with Latin Metals’ strategy to expand its high-value mineral asset portfolio and strengthen its position in the copper-gold exploration industry.
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 minimizes risk and dilution while maximizing discovery potential by securing option agreements with major mining companies to fund exploration. With 18 projects, Latin Metals is actively seeking new strategic partners to advance its portfolio.
Average Trading Volume: 76,166
Technical Sentiment Signal: Buy
Current Market Cap: C$24.38M
Learn more about LMS stock on TipRanks’ Stock Analysis page.