Latin Metals Acquires Full Ownership of Cerro Bayo Silver-Gold Project in Argentina
TL;DR
Latin Metals secures full ownership of Cerro Bayo and La Flora properties, enhancing its portfolio with a drill-ready silver-gold asset in Argentina's Santa Cruz Province.
Latin Metals amended its agreement to acquire a 29% interest in Cerro Bayo and La Flora, involving staged payments totaling US$400,000 through 2027.
Latin Metals' acquisition of Cerro Bayo and La Flora properties supports exploration efforts, potentially contributing to local economies and the global supply of precious metals.
Discover how Latin Metals' strategic acquisition in Argentina positions it as a key player in silver-gold exploration with minimal risk.
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Latin Metals Inc. has finalized an amended agreement to acquire the remaining 29% interest in the Cerro Bayo and La Flora properties located in Argentina's Santa Cruz Province, thereby becoming the sole owner of this drill-ready silver-gold exploration asset. The agreement with Tres Cerros Exploraciones S.R.L. involves staged cash payments totaling US$400,000 through 2027, with TCE retaining a 0.75% NSR royalty, part of which Latin Metals can repurchase. This acquisition marks a significant milestone for Latin Metals as it consolidates its ownership of a fully permitted project in a region known for its rich mineral deposits.
The Cerro Bayo Silver-Gold Project is now positioned as a key asset in Latin Metals' exploration portfolio, which includes 18 projects across Peru and Argentina. The company's prospect generator model, which involves securing option agreements with major mining companies to fund exploration, minimizes risk while maximizing the potential for discovery. Latin Metals' strategy of partnering with industry leaders such as AngloGold Ashanti and Moxico Resources underscores its commitment to advancing high-value mineral assets. The full ownership of the Cerro Bayo project not only enhances Latin Metals' exploration capabilities but also strengthens its position in the competitive mining sector. For more details on the acquisition, visit https://ibn.fm/Io8zX.
Curated from InvestorBrandNetwork (IBN)
