Latin Metals Inc. (
“Latin Metals”
or the
“Company”) -
(TSXV: LMS)
(OTCQB: LMSQF) is pleased to announce that it
has executed a data purchase agreement (the
“
Agreement”), with Vale Exploration Peru S.A.C., a
wholly owned subsidiary of Vale Canada Limited
(“
Vale”). Under the terms of the Agreement, Vale
has delivered a comprehensive package of exploration data covering
Latin Metals’ 100%-owned Para copper project
(“
Para”) and extending to the surrounding area. As
consideration for the exploration data, the Company has granted a
time-limited Right of First Offer to Vale, which will become valid
on completion of a prefeasibility study and expire in 2035.
“Vale’s extensive
exploration work at Para provides invaluable technical insight,
significantly enhancing our ability to advance the project with a
more targeted and cost-effective approach," said Keith Henderson,
CEO of Latin Metals. "By acquiring this data, we gain access to
years of detailed exploration results that would have required
substantial financial and time investments to replicate. This
agreement not only accelerates our exploration timeline but also
positions Latin Metals to make informed, strategic decisions as we
move towards drill targeting. Importantly, we retain full ownership
and control over the project, while Vale secures a ROFO should we
advance to prefeasibility."
Exploration
Data Overview
The dataset acquired
from Vale includes:
- Geological
mapping at a 1:10,000 scale
- 282 rock sample
assay results
- Geophysical
induced polarization survey results (18-line km, 400m spacing)
- Ground magnetic
and radiometric survey data (44-line km, 200m spacing)
The acquisition of
this data represents a significant advantage, as it allows Latin
Metals to leverage Vale’s extensive prior work, minimizing risk and
accelerating the next stages of exploration. Vale’s exploration
efforts identified four drill targets and historically Vale
completed drill permitting, providing a strong indication that Para
is a projects where new drill permits could be obtained.
Para Copper
Project Background
The Para Copper
Project is located within Peru’s Coastal Copper Belt, a
well-established mining region known for hosting world-class copper
deposits. This area benefits from well-developed infrastructure,
including road access, power, and proximity to ports, facilitating
efficient exploration and potential future development. The project
covers 1,900 hectares, where Latin Metals' exploration has
identified extensive surface copper mineralization. Geochemical
sampling has returned copper values ranging from 251 ppm to 1,505
ppm, along with molybdenum mineralization up to 46 ppm. Two primary
anomalous zones have been delineated, including a 2,000m x 1,000m
area, highlighting the project's strong potential for copper
discoveries.
Next
Steps
Latin Metals’
technical team will integrate and analyze the acquired data in the
coming weeks. This review will refine exploration models and
support future drill targeting, allowing the Company to prioritize
high-potential areas with greater confidence.
About Latin
Metals
Latin Metals is a
mineral exploration company acquiring a diversified portfolio of
assets in South America. The Company operates with a Prospect
Generator model focusing on the acquisition of prospective
exploration properties at minimum cost, completing initial
evaluation through cost-effective exploration to establish drill
targets, and ultimately securing joint venture partners to fund
drilling and advanced exploration. Shareholders gain exposure to
the upside of a significant discovery without the dilution
associated with funding the highest-risk drill-based
exploration.
Stay up-to-date on Latin Metals developments by
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Qualified Person
Keith J. Henderson, P.Geo., is the Company's
qualified person as defined by NI 43-101 and has reviewed the
scientific and technical information that forms the basis for
portions of this news release. He has approved the disclosure
herein. Mr. Henderson is not independent of the Company, as he
is an employee of the Company and holds securities of the
Company.
On Behalf of the Board of Directors of
LATIN METALS INC.
“Keith Henderson”
President & CEO
For further details on the Company readers are
referred to the Company's web site (www.latin-metals.com) and its
Canadian regulatory filings on SEDAR+ at www.sedarplus.com.
For further information, please contact:
Keith Henderson
Suite 890 - 999 West Hastings Street,Vancouver, BC, V6C 2W2
Phone: 604-638-3456E-mail: info@latin-metals.com
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Cautionary Note Regarding Forward-Looking
Statements
This news release contains forward-looking
statements and forward-looking information (collectively,
"forward-looking statements") within the meaning of applicable
Canadian and U.S. securities legislation, including the United
States Private Securities Litigation Reform Act of 1995. All
statements, other than statements of historical fact, included
herein including, without limitation, the anticipated content,
commencement, timing and cost of exploration programs in respect of
the Property and otherwise, anticipated exploration program results
from exploration activities, and the Company's expectation that it
will be able to enter into agreements to acquire interests in
additional mineral properties, the discovery and delineation of
mineral deposits/resources/reserves on the Properties, and the
anticipated business plans and timing of future activities of the
Company, are forward-looking statements. Although the Company
believes that such statements are reasonable, it can give no
assurance that such expectations will prove to be correct. Often,
but not always, forward looking information can be identified by
words such as "pro forma", "plans", "expects", "may", "should",
"budget", "scheduled", "estimates", "forecasts", "intends",
"anticipates", "believes", "potential" or variations of such words
including negative variations thereof, and phrases that refer to
certain actions, events or results that may, could, would, might or
will occur or be taken or achieved. In making the forward-looking
statements in this news release, the Company has applied several
material assumptions, including without limitation, market
fundamentals will result in sustained precious and base metals
demand and prices, the receipt of any necessary permits, licenses
and regulatory approvals in connection with the future development
of the Company’s Argentine projects in a timely manner, the
availability of financing on suitable terms for the development,
construction and continued operation of the Company projects, and
the Company’s ability to comply with environmental, health and
safety laws.
Forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to
differ materially from any future results, performance or
achievements expressed or implied by the forward-looking
information. Such risks and other factors include, among others,
operating and technical difficulties in connection with mineral
exploration and development and mine development activities at the
Properties, including the geological mapping, prospecting and
sampling programs being proposed for the Properties (the
"Programs"), actual results of exploration activities, including
the Programs, estimation or realization of mineral reserves and
mineral resources, the timing and amount of estimated future
production, costs of production, capital expenditures, the costs
and timing of the development of new deposits, the availability of
a sufficient supply of water and other materials, requirements for
additional capital, future prices of precious metals and copper,
changes in general economic conditions, changes in the financial
markets and in the demand and market price for commodities,
possible variations in ore grade or recovery rates, possible
failures of plants, equipment or processes to operate as
anticipated, accidents, labour disputes and other risks of the
mining industry, delays or the inability of the Company to obtain
any necessary permits, consents or authorizations required, any
current or future property acquisitions, financing or other planned
activities, changes in laws, regulations and policies affecting
mining operations, hedging practices, currency fluctuations, title
disputes or claims limitations on insurance coverage and the timing
and possible outcome of pending litigation, environmental issues
and liabilities, risks related to joint venture operations, and
risks related to the integration of acquisitions, as well as those
factors discussed under the heading as well as those factors
discussed under the heading “Risk Factors” in the Company’s annual
management’s discussion and analysis and other filings of the
Company with the Canadian Securities Authorities, copies of which
can be found under the Company’s profile on the SEDAR+ website at
www.sedarplus.ca.
Readers are cautioned not to place undue
reliance on forward looking statements. Except as otherwise
required by law, the Company undertakes no obligation to update any
of the forward-looking information in this news release or
incorporated by reference herein.
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