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Pampa Metals Corporation - $PMMCD STOCK NEWS

Welcome to our dedicated page for Pampa Metals Corporation news (Ticker: $PMMCD), a resource for investors and traders seeking the latest updates and insights on Pampa Metals Corporation stock.

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Rhea-AI Summary
Pampa Metals Corp. has issued 3,200,000 units at $0.05 per unit, raising $160,000 in gross proceeds. The company has now raised total gross proceeds of $610,000. The funds will be used to assess and potentially acquire advanced stage copper projects in The Americas. The company is seeking to acquire a project with specific characteristics, including a conceptual copper production profile of +30-50,000 tpa and a conceptual capex of <$500m. The company has granted 500,000 incentive stock options to a consultant. One director of the company participated in the offering in the amount of $26,000. The transaction with the director constitutes a 'related party transaction' but qualifies for exemptions under MI 61-101.
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Pampa Metals Corp. obtains CSE approval to reduce exercise price of 2022 warrants
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Pampa Metals Corp. has rationalized its project portfolio in Chile, relinquishing certain projects to focus on highest priority targets and new business development initiatives. This reduction in land holdings will result in cost savings and better resource allocation. The Company retains 100% ownership of the Block 4, Cerro Buenos Aires and Morros Blancos projects. Pampa Metals intends to evaluate the Block 4 Project through a joint venture partnership and shift focus to acquiring a more advanced stage copper project with significant scale potential. The rationalization aims to reduce holding costs and expenditure commitments and redirect resources towards high priority projects and efforts to acquire a potential Company maker copper project. Projects in the Americas are preferred. Progress of new business development initiatives will be updated to shareholders.
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Pampa Metals Corporation

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