Welcome to our dedicated page for Latin Metals news (Ticker: LMSQF), a resource for investors and traders seeking the latest updates and insights on Latin Metals stock.
Latin Metals Inc. reports on copper, gold and silver exploration in Peru and Argentina through a prospect generator model. Company news centers on option agreements, partner-funded field work, and project updates across mineral properties including Cerro Bayo, La Flora, and Ventana North.
Recurring developments include drilling and geophysical work at gold-silver projects in Santa Cruz Province, Argentina, district-scale sediment-hosted copper exploration in northwest Argentina, and portfolio actions tied to strategic partnerships and exploration funding.
Latin Metals (TSXV: LMS) (OTCQB: LMSQF) has appointed Terri Anne Welyki as an advisor focusing on capital markets and marketing. Welyki brings over 15 years of experience in capital markets, with expertise in financing, permitting, and stakeholder management across North and South American mining projects. The company has also granted 300,000 stock options to directors, officers, and consultants at $0.12 per share for a 36-month period, bringing total options to 6.56% of outstanding shares. Latin Metals operates as a Prospect Generator, acquiring and evaluating South American exploration properties to secure joint venture partners for advanced exploration.
Latin Metals Inc. (TSXV: LMS) (OTCQB: LMSQF) has secured a key exploration permit for its Esperanza copper-gold project in San Juan Province, Argentina. This permit allows Moxico Resources plc, which has an option to acquire up to 100% of the Esperanza and Huachi projects, to begin exploration activities including mapping, sampling, and geophysical surveys. Moxico is required to complete a minimum of 5,000m of drilling in the first year of the option.
The Esperanza project is a copper-gold porphyry exploration property with a large system partially defined by initial drilling. Previous drill results include 387 meters grading 0.57% copper and 0.27 g/t gold from surface. The mineralization remains open in all directions. Latin Metals operates with a Prospect Generator model, focusing on acquiring prospective exploration properties and securing joint venture partners to fund advanced exploration.
Latin Metals Inc. (TSXV: LMS) (OTCQB: LMSQF) has expanded its Technical Advisory Board with the appointments of Fionnuala Devine and Mike Basha. These additions bring significant technical expertise to advance the company's projects in Argentina and Peru. Ms. Devine, with 20 years of mineral exploration experience, was part of the team exploring the Vicuña district in Chile-Argentina. Mr. Basha, a professional engineer and geologist with over 35 years of experience, has worked on various exploration projects globally.
The company has also granted 1,470,000 common share stock options to directors, officers, and consultants, exercisable at $0.10 per share for 36 months. This issuance brings the total Options to 71% of the issued and outstanding stock.
Latin Metals operates with a Prospect Generator model, focusing on acquiring prospective properties at minimum cost and securing joint venture partners for advanced exploration.
Latin Metals (OTCQB: LMSQF) has signed a binding letter agreement with Moxico Resources, granting Moxico an option to earn a 75% interest in the Esperanza and Huachi copper exploration projects in Argentina. Moxico must make staged payments totaling $2,775,000, assume $4,633,000 in outstanding obligations, and commit $1,000,000 in work expenditures at Huachi. Additionally, Moxico must complete 65,000 meters of drilling and deliver technical reports. If Moxico exercises the option, it can acquire the remaining 25% for a minimum of $10,000,000 or $0.02/lb of copper equivalent. Upon full acquisition, Latin Metals' interest converts to a 2% net smelter returns royalty. The agreement emphasizes Moxico's financial and technical strengths, with Latin Metals retaining a 25% interest unless Moxico opts for full acquisition.
Latin Metals Inc. (TSXV: LMS) (OTCQB: LMSQF) has closed a non-brokered private placement, raising $2,000,000 through the issuance of 25,000,000 units at $0.08 per unit. Each unit includes one common share and half a warrant, with each whole warrant allowing the purchase of one share at $0.15 for 24 months. The company paid $70,350 in finder's fees and issued 879,375 finder's warrants. Certain insiders participated, purchasing 10,225,000 units. Proceeds will be used for mineral exploration, project generation, acquisition, loan repayment, and working capital. Latin Metals operates as a Prospect Generator, focusing on acquiring and evaluating properties in South America to secure joint venture partners for advanced exploration.
Latin Metals Inc. (TSXV: LMS) (OTCQB: LMSQF) has expanded its Auquis Project by staking an additional 400-hectare claim. The extension is located south of the Rose copper porphyry target area, potentially hosting an extension of the Rose porphyry system. The company plans future exploration at Auquis, including additional sampling at the Rose zone and the Blanco skarn target.
Latin Metals also announced two unsecured, non-interest-bearing loans from a trust controlled by a director: a USD 100,000 loan in July 2024 and another USD 100,000 loan in April 2024 (repaid in May 2024). The company intends to use the July 2024 loan proceeds for resource properties option payments and short-term corporate needs.
Latin Metals announced the results of its annual general meeting held on July 10, 2024. All motions were approved by shareholders representing 59.73% of the outstanding shares. Key decisions include the appointment of Felicia de la Paz as an independent director and Chair of the Audit Committee, replacing Ryan King who did not stand for re-election.
The company also granted 950,000 stock options to directors, officers, and consultants, priced at $0.10 per share, valid for 36 months. Latin Metals continues its Prospect Generator model, aiming to acquire and develop exploration properties in South America with minimal costs and shareholder dilution.
Latin Metals Inc. received positive results from an airborne magnetic and radiometric survey at its Organullo Project in Argentina. The survey defined drill targets in the West Graben, previously unexplored by eight operators focused on the Julio Verne mine area. AngloGold's exploration identified potential for porphyry copper-gold and high-sulphidation epithermal gold deposits. Multiple data sets support this, with drill targets confirmed by magnetic and radiometric data. The Company operates with a Prospect Generator model, allowing shareholders exposure to discovery upside without high-risk exploration funding.
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