Peruvian Metals Stock Price, News & Analysis

Peruvian Metals Corp (TSXV: PER) (OTCQB: DUVNF) has signed an agreement to sell its Maria Norte Au-Ag-Zn-Pb Project to Rio Silver Inc. (TSXV: RYO). The property, located in South-Central Peru's Huachocolpa Mining District, consists of 4 concessions totaling 384 hectares with a 600-metre wide mineralized corridor containing high-grade Au-Ag-Pb-Zn veins.

The transaction terms include:

• $15,000 CDN cash downpayment
• 15 million Rio Silver common shares
• 5 million warrants (CAD $0.05 strike price, 2-year exercise period)
• US$250,000 in cash payments over 5 years
• 1.5% net smelter royalty on mineral concentrate sales

The sale allows Peruvian Metals to focus on expanding into the Peruvian gold space while maintaining indirect benefits from Maria Norte's development through its new shareholding in Rio Silver.

Peruvian Metals Corp (TSXV: PER) (OTCQB: DUVNF) has released a corporate update addressing market activity and production results. The company reported that Tartisan Nickel Corp sold 26,620,500 shares during the nine-month period ending December 31st, 2024, reducing its ownership from 26.69% to 2.81%, which likely impacted the share price negatively.

The company's Aguila Norte processing plant in Northern Peru, which is 80% owned by Peruvian Metals, processed 6,108 tonnes of mineral in the first two months of 2025, marking a 35.49% increase compared to the 4,508 tonnes processed in 2024.

Moving forward, the company plans to expand into the Peruvian gold sector through its 100% owned Palta Dorada Project, which contains high-grade gold in both oxide and sulphide material. The company recently re-established access roads to the underground workings and is exploring additional gold opportunities in the area, including the possibility of establishing a carbon-in-pulp (CIP) plant.

Peruvian Metals (TSXV: PER) (OTCQB: DUVNF) reported record throughput at its 80%-owned Aguila Norte processing plant in Northern Peru for 2024. The plant processed 33,889 tonnes of third-party mineral, marking a 12.2% increase from 2023's 30,199 tonnes and continuing a five-year growth trend.

The company achieved several key milestones in 2024, including: acquiring 100% interest in the Palta Dorada Au-Ag-Cu project through a $250,000 US payment to Rio Silver Inc.; obtaining a 50% stake in San Maurizo Mines, which owns the Mercedes Property in Peru's Junin Department; and securing land use agreements and permits for bulk sampling at Mercedes, where over 15 Au-Ag-Pb-Zn mineralized structures have been identified.

Peruvian Metals (TSXV: PER) (OTCQB: DUVNF) has completed the purchase of the remaining 50% interest in the Palta Dorada Gold-Silver-Copper property in Northern Peru, resulting in 100% ownership. The consolidation provides strategic advantages due to the property's unique high-grade mineralization. The company plans to process sulphides at its 80% owned Aquila Norte flotation plant and is considering building a Carbon-in-Pulp (CIP) gold ore processing circuit for oxide material.

The Palta Dorada property covers approximately 2,250 hectares in the Ancash mining department. Development work has focused on the main San Juan vein, which has a surface exposure of at least 840 meters. Chip samples from the vein showed high-grade gold, silver, and copper content. The company also plans to start a detailed exploration program to locate and define additional mineralized structures.

Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) has announced that its previously announced non-brokered private placement financing is oversubscribed and upsized. The company now plans to issue up to 20,000,000 units at C$0.02 per unit, aiming to raise gross proceeds of up to $400,000. Each unit includes one common share and half a warrant, with each whole warrant allowing the purchase of an additional share at $0.05 within one year.

The net proceeds will be used to complete the purchase of the Palta Dorada property and for general working capital, including development at the recently acquired Mercedes property. Additionally, the management cease trade order against the CEO and CFO has been revoked as of September 12, 2024.

Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) has provided a corporate update and announced a financing initiative. Key highlights include:

- Processing income of $1,230,788 for the 15 months ended March 31, 2024
- 43% reduction in current liabilities from December 31, 2022, to June 30, 2024
- Aguila Norte Processing Plant processed 20,945 metric tonnes in the first eight months of 2024, a 9.5% increase from 2023
- Announced a non-brokered private placement to raise up to $300,000

The company's financial position has improved, with reduced debt and continued project advancement. CEO Jeffrey Reeder expressed satisfaction with consistent production and expects further increases for the remainder of the year.

Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) has provided an update on the delay in filing its financial statements. The company, which operates in Peru, has been granted a management cease trade order (MCTO) by the Alberta Securities Commission. This order restricts the CEO and CFO from trading company securities until all required filings are completed.

Initially expecting to file by August 16, 2024, the company has now extended its filing date to September 6, 2024 for both the annual financial statements (year ended March 31, 2024) and the Q1 interim report (quarter ended June 30, 2024). Peruvian Metals assures that there have been no material changes or additional defaults beyond those disclosed, and it will continue to comply with alternative information guidelines.

Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) has provided its second bi-weekly status update regarding the Management Cease Trade Order (MCTO) issued on July 30, 2024. The MCTO restricts the company's CEO and CFO from trading securities until required filings are submitted to the Alberta Securities Commission (ASC). The delay concerns the company's audited annual financial statements for the year ended March 31, 2024, along with related documents.

Initially expecting to file by August 16, the company now anticipates submitting the required documents by August 30, 2024. Peruvian Metals confirms no material changes since the original announcement, continued compliance with NP 12-203 guidelines, and no other defaults or undisclosed material information.

Peruvian Metals Corp. (TSXV: PER) (OTCQB: DUVNF) has provided a bi-weekly default status report regarding its Management Cease Trade Order (MCTO). The company applied for the MCTO on July 22, 2024, due to a delay in filing its audited annual financial statements for the year ended March 31, 2024. The MCTO, issued on July 30, 2024, restricts the CEO and CFO from trading company securities until required filings are completed.

Initially expecting to file by August 16, 2024, the company now anticipates filing the Required Documents by August 30, 2024. Peruvian Metals confirms no material changes since the original announcement, no failures in fulfilling alternative information guidelines, and no other specified defaults under NP 12-203. The company will continue to comply with alternative information guidelines while in default.