Palamina (PLMNF) Stock News

Palamina (OTCQB: PLMNF) announced completion of financings totalling $3,050,000 as part of a spin-out of its seven Peru silver-copper projects into Colt Silver. The Financings comprise $600,000 in secured convertible debentures and $2,450,000 in subscription receipts.

The Arrangement will distribute 0.33 Colt Silver shares per Palamina share, with Palamina retaining ~10% of Colt Silver; closing is subject to shareholder, court and TSXV approvals and is anticipated in July 2026.

Palamina (OTCQB: PLMNF) announced a spin-out creating Colt Silver, which will hold seven Peruvian silver-copper projects. Palamina shareholders will receive 0.33 Colt Silver share per Palamina share; Palamina will retain 10% of Colt Silver.

Colt Silver plans private financings (up to $500K debentures and C$2.25M subscription receipts) and will apply to list on the TSXV; closing is anticipated in July 2026, subject to court and TSXV approval.

Palamina (OTCQB: PLMNF) completed mapping and sampling at its 100% owned Cristel copper-tin project in southeastern Peru on February 24, 2026. Surface rock and channel assays include high-grade copper results up to 4.43% Cu, with associated gold to 0.61 g/t and tin to 13 ppm.

Work is early-stage; gossan zones with no prior drill testing at Cristel were identified and historical drilling returned narrow, limited copper intervals.

Palamina Corp (TSXV: PA / OTCQB: PLMNF) will attend the Prospectors & Developers Association of Canada (PDAC) Convention at the Metro Toronto Convention Centre. Investors and the investment community are invited to visit Booth 2723 from March 1–4, 2026.

Palamina (OTCQB: PLMNF) acquired 100% of the Esperanza concession, a 60.75 hectare claim in the Santa Lucia district of southeastern Peru, for US$18,000 with no royalties payable.

Esperanza lies adjacent to Aftermath's Berenguela silver-copper-manganese project, which hosts a reported 122.5 million oz Ag in Measured and Indicated and 22.0 million oz Ag Inferred. Palamina's field visit identified the same outcropping limestone unit and a NW-SE trending carbonate sequence that hosts Berenguela mineralization.

Palamina commissioned WorldView-3 hyperspectral mapping; initial results indicate the Berenguela manganese trend extends into Esperanza. The company plans detailed mapping and sampling in early 2026 and continues advancing its nearby Galena project.

Palamina Corp. (OTCQB: PLMNF) has completed an expanded soil and subcrop sampling program at its 100%-owned Galena Silver Copper Manganese Project. The second XRF sampling campaign collected 730 samples, revealing two distinct northwest-southeast mineralized trends with significant silver, copper, and manganese anomalies.

Key findings include XRF values up to 440 g/t silver, 0.6% copper, and 2.7% manganese within Tertiary volcanics at surface. The southernmost anomaly extends over 3km by 1.5km, with both trends remaining open. Previous rock sampling from the Rosa and Azul zones returned impressive values of up to 1,135 g/t Ag, 5.2% Cu, 0.69% Mn and 584 g/t Ag, 7.1% Cu, 0.47% Mn respectively.

The company plans additional XRF soil sampling and a property-wide gravity survey to prioritize drill targets at the previously undrilled project.

Palamina Corp (OTCQB: PLMNF) has regained 100% ownership of the Gaban Gold and Ica Copper-Gold projects in Peru from Winshear Gold, following Winshear's offer to return the properties on April 11, 2025. The Gaban Gold Project, located in the Puno Orogenic Gold Belt, has shown promising results with surface samples yielding up to 32 g/t gold and initial drilling returning intersections of 4m at 5.04 g/t gold and 21m at 1.29 g/t gold. The Ica Copper-Gold Project, situated 45 km southeast of Ica city, is an early-stage exploration target covering 2,933 hectares with copper-gold veins and magnetite rich replacement bodies. Palamina plans to review both claim blocks and may reduce holdings that don't align with exploration objectives. The company's President, Andrew Thomson, has resigned from Winshear Gold's board, and Palamina no longer holds any equity or relationship with Winshear.

Palamina Corp (OTCQB: PLMNF) has reported significant gold sampling results from its Usicayos gold project in southeastern Peru. The company's channel sampling in the Cayos zone yielded impressive results, including 18.1 g/t gold over 7 metres in the western shear zone. The newly identified western shear extends for at least 350 meters and remains open in both directions. The gold mineralization occurs within 5-20 metre wide shear zones hosted in Devonian-aged metamorphosed rocks. In 2024, the company's best drill results from the SDO N zone included 35m @ 0.75 g/t Au (including 2m @ 8.45 g/t Au) and 52m @ 0.72 g/t Au (including 8m @ 2.59 g/t Au). Palamina plans to revise its 2025 drill program to test both the SDO N and Cayos zones, with the Cayos zone never having been previously drill tested.

Palamina Corp (TSXV: PA) (OTCQB: PLMNF) has announced the complete divestment of its holdings in Winshear Gold Corp (TSXV: WINS). The company disposed of 4,833,333 Winshear shares, representing 15.38% of outstanding shares, for gross proceeds of $290,000 at $0.06 per share on April 25, 2025.

Following Winshear's decision to exit Peru, Palamina plans to reclaim ownership of the Gaban gold and Ica copper-gold projects, with the transfer expected to complete by July 2025. The projects, originally sold to Winshear in May 2019, saw total expenditure of $4,097,709 on acquisition and exploration, including the 2024 drill program at Gaban.

Palamina's total returns from the Winshear relationship include $300,930 in advance royalty payments, a $3,625,000 return of capital in December 2023, and $290,000 from the recent share disposition.