Latin Metals Stock Price, News & Analysis

Latin Metals (OTCQB:LMSQF) outlines 2026 plans after 2025 project advancement, entering the year with multiple drill-ready projects across gold and copper and active partner-funded programs.

Key items: an option with Daura Gold providing up to US$1.7M plus 28,000m drilling at Cerro Bayo, Moxico commitments targeting 15,000m at Zaha (Esperanza/Huachi), fully permitted projects at Cerro Bayo, Organullo and Lacsha, a proposed spin-out (Latin Explore) with a concurrent $3M financing closed, and a strengthened balance sheet after a $1.33M private placement and ~C$1.79M from option/warrant exercises.

Latin Metals (OTCQB:LMSQF) and Daura Gold entered a binding option agreement dated Nov 3, 2025 under which Daura may earn a 75% undivided interest in the Cerro Bayo and La Flora projects by completing payments, exploration and a Technical Report within a 38-month option period.

Key terms: total payments to Latin Metals of US$1,700,000 (Daura may pay $200,000 in cash or shares), assumed payments of US$400,000 to the underlying vendor, and 28,000m of drilling required before option exercise. Irrevocable commitments due by Apr 30, 2026 include 50 line-km IP, 150 line-km gradient IP and 1,500m drilling.

Daura may top up to 80% by paying per-ounce cash consideration based on the Technical Report (US$7 per M&I gold-equivalent ounce; US$5 per inferred ounce). Latin Metals holds a post-top-up conversion right to a 3.0% NSR royalty, with Daura able to repurchase 1% for US$5,000,000.

Latin Metals (OTCQB:LMSQF) announced that AngloGold Argentina Exploraciones S.A., a subsidiary of AngloGold Ashanti plc, has given 90 days notice to terminate its option to acquire up to 80% of the Organullo project, effective January 27, 2026. The Phase I drill program will not proceed.

During the option period AngloGold invested approximately US$3.3M, defined multiple high-priority drill targets along a 6 km alteration strike, and the property was expanded with additional mineral rights. AngloGold's withdrawal is attributed to a change in its global Greenfields Exploration strategy.

Latin Metals (OTCQB: LMSQF) announced plans to spin out its 100%‑owned Peruvian exploration projects into a new subsidiary, Latin Explore, via a Plan of Arrangement with an intended TSXV listing.

Key details: the record date for Latin Metals shareholders to receive Latin Explore shares is currently anticipated as January 9, 2026, with completion targeted for Q1 2026, subject to shareholder, court and TSXV approvals. Latin Explore will be initially owned by Latin Metals, shareholders and private placement investors and will focus on drill‑ready targets starting with the Para Copper Project.

Latin Metals (OTCQB: LMSQF) announced that AngloGold Ashanti will commence drilling at the Organullo Gold Project in Argentina's Salta Province. The Phase I program includes 10 drill holes totaling 6,000m, with first results expected in Q1 2026.

AngloGold Ashanti has an option to earn up to 80% interest in Latin Metals' Organullo, Ana Maria, and Trigal Gold projects. The company is targeting a multi-million-ounce, Tier 1 discovery, using Salares Norte as a technical analogy. Three previously unexplored, advanced argillic alteration zones have been identified along a 6km-long strike length.

Additionally, Latin Metals secured rights to the Malena VII mining property, which is contiguous with the recently acquired Malena VI property and the existing Organullo project.

Latin Metals (OTCQB: LMSQF) has provided significant updates regarding its Esperanza copper-gold project in Argentina. The company has amended both the underlying option agreement with the vendor and the Moxico Option agreement with Atlantic Metals Limited. Under the revised terms, Latin Metals can acquire 100% interest in Esperanza for total payments of US$2.31 million in cash and US$500,000 in shares.

Moxico has made substantial progress at Esperanza, expanding known mineralization footprint through geological work and engaging Dr. Richard Sillitoe for expert review. The amended Moxico Option requires payments of US$2.67 million to Latin Metals and commitments for 65,000 meters of drilling through 2030, including technical reports ranging from mineral resource estimates to a bankable feasibility study.

Latin Metals (OTCQB: LMSQF) has expanded its Para Copper Project in southern Peru through a strategic acquisition of 300 hectares of additional mineral rights for US$20,000. The expansion brings the total project area to 2,200 hectares and secures coverage over key drill targets.

The company has integrated exploration data purchased from Vale Exploration Peru, which conducted extensive groundwork between 2013-2017, including geological mapping, geochemical sampling, and geophysical surveys. Multiple high-priority porphyry copper drill targets have been identified, and Latin Metals plans to initiate drill permitting while seeking a partner to fund and advance the project.

The Para Project is strategically located in Peru's Coastal Copper Belt, with access to infrastructure and port facilities. The company holds 100% ownership with no underlying royalties on the newly acquired land.

Latin Metals (OTCQB: LMSQF) has expanded its Organullo gold project in Salta Province, Argentina through the acquisition of the 1,032-hectare Malena VI mining property. The new property will be included in an existing option agreement with AngloGold Ashanti, which allows AngloGold to earn up to an 80% interest in Latin Metals' Organullo, Ana Maria, and Trigal Gold projects.

The strategic acquisition extends the prospective northeast-southwest structural corridor by nearly 4 kilometers toward the southwest, creating new opportunities for target generation near established targets. Latin Metals operates under a prospect generator model across 18 projects in Peru and Argentina, partnering with major mining companies to fund exploration while minimizing risk and dilution.

Latin Metals (OTCQB: LMSQF) held its Annual General Meeting on July 10, 2025, in Vancouver, with shareholders approving all proposed motions. The meeting saw participation representing 42.24% of issued shares, with approximately 51.5 million votes cast.

Shareholders approved the number of directors, re-elected David Cass, Keith Henderson, and Robert Kopple to the board, appointed the auditor, and ratified the stock option plan, all with 99.97% approval. Latin Metals operates as a prospect generator in Peru and Argentina, focusing on copper, gold, and silver exploration with 18 projects in its portfolio. The company has strategic partnerships with AngloGold Ashanti for the Organullo Gold Project and Moxico Resources for the Esperanza & Huachi Copper-Gold Projects.