Latin Metals Stock Price, News & Analysis

Latin Metals Inc. (TSXV: LMS, OTCQB: LMSQF) has announced new exploration applications surrounding its Organullo Project in Salta Province, Argentina, potentially increasing its land package by 55% to 31,648 hectares. This follows an option agreement with AngloGold Ashanti, which allows AngloGold to earn up to an 80% interest in the Organullo and other projects. Additionally, AngloGold is progressing through its exploration phases, including soil sampling and planning for a helicopter survey. The company has also granted 1.7 million stock options to employees at $0.13 per share.

Latin Metals Inc. has announced positive results from its recent surface rock sampling at the 100%-owned Auquis Project in Peru. The press release details that 200 new samples have been collected, revealing anomalous mineralization with grades up to 5.8% copper and 236ppm molybdenum. The core area of high-grade mineralization now spans 1.5km by 1.5km, with an average copper grade of 0.10%. The company plans to conduct a ground magnetic survey to further assess the porphyry target and potential skarn mineralization.

Latin Metals Inc. (TSXV: LMS, OTCQB: LMSQF) announced the results of its annual general meeting held on August 4, 2022, in Vancouver. A total of 40,815,693 shares, representing 70.75% of outstanding shares, were voted. All proposed motions were approved, including the number of directors at five, with a remarkable 99.98% approval for this motion. Individual directors received over 99% of votes in favor. The appointment of auditors and the stock option plan were also ratified with strong support, reflecting shareholder confidence. The Company continues to engage with shareholders positively.

Latin Metals (TSXV: LMS, OTCQB: LMSQF) announced positive results from a recent rock sampling program at its Auquis project in Peru. A total of 234 rock chip samples were collected, revealing copper grades between 22 ppm and 12.8%. Notably, 101 samples from a 1km x 1km area returned an average copper value of 0.13% and 236 ppm molybdenum. The company plans to extend its sampling program and conduct geological mapping in the upcoming months to further explore the property.

Latin Metals Inc. has signed a binding option agreement with AngloGold Argentina Exploraciones S.A. for a stake in its Organullo, Ana Maria, and Trigal Gold projects in Argentina. This agreement, effective June 2, 2022, allows AngloGold to earn up to an 80% interest in the projects through a total investment of USD 12.575 million. This includes cash payments of USD 2.575 million and USD 10 million in exploration expenditures over five years. The partnership is a significant move for Latin Metals, enhancing its project portfolio with support from a major global gold producer.

Latin Metals Inc. (TSXV: LMS, OTCQB: LMSQF) announced positive soil sampling results from its 100%-owned Auquis copper project in Peru. The exploration program covers a 4,000-hectare area and identified a copper anomaly over a 3km x 2km region with copper values reaching up to 2,300 ppm. The company plans to initiate rock chip sampling and mapping in April 2022. CEO Keith Henderson emphasized the project's discovery potential and ongoing community engagement efforts, including agricultural development initiatives.

Latin Metals has announced a significant step in its partnership with Barrick Gold Corporation, which has begun exploration activities on the Cerro Bayo properties in Argentina. Under an Earn-In Agreement, Barrick can earn up to an 85% interest in these properties by investing a minimum of USD $1,000,000 in exploration within two years. Barrick has already made an initial cash payment of USD $150,000 to Latin Metals. The exploration will include geological mapping and sampling, with results reported quarterly.

Latin Metals has entered an earn-in agreement with Barrick Gold to acquire up to an 85% interest in its Cerro Bayo, Cerro Bayo Sur, and La Flora properties located in Argentina. Barrick can earn a 70% interest through $2.32 million in payments and $5 million in exploration expenses, followed by an additional 15% with further payments of $425,000. The agreement's financial commitments are contingent on reaching an agreement with the property owner within 60 days. Keith Henderson, CEO, highlighted Barrick's expertise and investment, aiming to minimize shareholder dilution.