Latest news with #Huachi
Yahoo
25-06-2025
- Business
- Yahoo
Golden Arrow signs option deal for Argentinian copper-gold project
Mining exploration company Golden Arrow Resources has finalised an option agreement with Latin Metals to acquire up to a 100% interest in the Huachi copper-gold property in Argentina. The agreement marks Golden Arrow's third project to be optioned in Argentina. As per the definitive option terms, Latin Metals can earn a 75% interest in Huachi over four years. This requires $1m (C$1.37m) in exploration expenditure and $1m in cash payments to Golden Arrow. Upon securing a 75% interest, Latin Metals has a 90-day top-up right allowing for the acquisition of the remaining 25% for a $2m cash payment. The payment must be made to Golden Arrow within the specified period. If Latin Metals declines the top-up right, a joint venture will be formed in which Latin Metals will hold 75% stake, with Golden Arrow retaining a 25% interest. Both parties will fund future expenditure based on their shares. Should a party's interest fall below 15%, it converts to a 1% net smelter return (NSR) royalty. Future funding will be proportional to each party's stake. This ensures continued collaboration on the Huachi project. Exploration work and cash payments will begin after environmental permit approval. The permit will authorise drilling and other exploration activities. Huachi spans 3,500 hectares (ha) and is prospective for copper and gold. It forms part of Golden Arrow's 120,000ha portfolio in Argentina. Located in San Juan Province, the Huachi property is adjacent to Latin Metals' Esperanza copper-gold project. Golden Arrow president and CEO Nikolaos Cacos said: 'This agreement marks the third strategic option agreement we have signed in recent years as part of our efforts to advance our non-core assets. 'Success on any of these projects is good for Golden Arrow and our shareholders. Huachi now joins our Mogote Copper-Gold project that is under option to Mogotes Metals as part of their Filo Sur project, and our Caballos Copper-Gold project that is under option to Hanaq Argentina.' "Golden Arrow signs option deal for Argentinian copper-gold project" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
24-06-2025
- Business
- Yahoo
Golden Arrow Options Third Project in Argentina
TSX Venture Exchange (TSX-V): GRGFrankfurt Stock Exchange (FSE): G6AOTCQB Venture Market (OTCQB): GARWF CORRECTION FROM SOURCE: An incorrect total for the Cash Payments column in Table 1 was used in the previous version of this release and has been corrected herein. VANCOUVER, BC, June 24, 2025 /CNW/ - Golden Arrow Resources Corporation (TSXV: GRG) (FSE: G6A) (OTCQB: GARWF), ("Golden Arrow" or the "Company") is pleased to announce that it has signed the definitive option agreement (the "Agreement") with Latin Metals Inc. ("Latin Metals") granting the option to acquire up to a 100% interest in the Company's Huachi property ("Huachi"). Huachi is a 3,500-hectare copper-gold property that is part of Golden Arrow's portfolio of over 120,000 hectares of prospective properties in Argentina. The Huachi project is located in San Juan Province and is immediately contiguous with Latin Metals' Esperanza copper-gold project. Golden Arrow President & CEO Nikolaos Cacos commented, "This agreement marks the third strategic option agreement we have signed in recent years as part of our efforts to advance our non-core assets. Success on any of these projects is good for Golden Arrow and our shareholders. Huachi now joins our Mogote Copper-Gold project that is under option to Mogotes Metals as part of their Filo Sur project, and our Caballos Copper-Gold project that is under option to Hanaq Argentina S.A." Definitive Option Terms Latin Metals has the right to acquire an initial 75% interest in Huachi by completing US$1,000,000 in exploration expenditures and US$1,000,000 in cash payments to Golden Arrow over a four-year period. Upon earning the 75% interest, Latin Metals has a Top-Up Right to acquire the remaining 25% interest (for an aggregate 100% ownership) by paying US$2,000,000 in cash to Golden Arrow within 90 days (Table 1). Should Latin Metals choose not to exercise the Top-Up Right, the parties will form a joint venture ("JV") with Latin Metals holding 75% and Golden Arrow 25%. Each party will fund its pro-rata share of future expenditures. A party diluting below 15% will have its interest converted to a 1% net smelter return ("NSR") royalty. Work commitments and cash payments commence on the first anniversary of approval of the environmental permit (Declaración de Impacto Ambiental or "DIA"), approving the start of exploration activities including drilling (the "Commencement Date"). Table 1. Commercial Terms for the Huachi Property, San Juan Province Anniversary Following the Commencement Date Work Commitment ($US) Cash Payments ($US) Vesting First $100,000 $100,000 - Second $150,000 $150,000 - Third $250,000 $250,000 - Fourth $500,000 $500,000 75 % Top-Up Right - $2,000,000 25 % Total $1,000,000 $3,000,000 100 % About Golden Arrow: Golden Arrow Resources Corporation is a mining exploration company with a successful track record of creating value by making precious and base metal discoveries and advancing them into exceptional deposits. Golden Arrow is actively exploring its flagship property, the advanced San Pietro iron oxide-copper-gold-cobalt project in Chile, and a portfolio that includes nearly 125,000 hectares of prospective properties in Argentina. The Company is a member of the Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993. For additional details, please see the Company's website and its filings on ON BEHALF OF THE BOARD "Nikolaos Cacos" _______________________________Mr. Nikolaos Cacos President and CEO Neither the TSX-V nor its Regulation Services Provider (as that term is defined in policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. All statements, other than statements of historical fact, that address activities, events or developments the Company believes, expects or anticipates will or may occur in the future, including, without limitation, statements about the terms of the Definitive Agreement, the exercise of the Option and the timing thereof; the Company's business strategy, plans and outlooks; the future financial or operating performance of the Company are forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: risks and uncertainties related to the ability to obtain, amend, or maintain licenses, permits, or surface rights; risks associated with obtaining necessary regulatory approvals; risks associated with technical difficulties in connection with exploration and mining activities; and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations. Actual results may differ materially from those currently anticipated in such statements. Readers are encouraged to refer to the Company's public disclosure documents for a more detailed discussion of factors that may impact expected future results. The Company undertakes no obligation to publicly update or revise any forward-looking statements, unless required pursuant to applicable laws. 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Globe and Mail
23-06-2025
- Business
- Globe and Mail
Latin Metals Signs Definitive Option Agreement for Huachi Copper-Gold Project, San Juan Province, Argentina
VANCOUVER, British Columbia, June 23, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. (" Latin Metals" or the " Company") - (TSXV: LMS) (OTCQB: LMSQF) is pleased to announce that it has entered into a definitive option agreement (the " Agreement") with Golden Arrow Resources Corp. (" Golden Arrow") to acquire up to a 100% interest in the Huachi property (" Huachi"), a 3,500-hectare copper-gold project located in San Juan Province, Argentina (see previous news release, dated March 13, 2024). The Huachi property is immediately contiguous with Latin Metals' Esperanza project (Figure 1). Figure 1: Location of the Huachi property, located immediately west of the Company's Esperanza property, San Juan Province, Argentina. Definitive Agreement Terms Latin Metals has the right to acquire an initial 75% interest in the Huachi property by completing US$1,000,000 in exploration expenditures and US$1,000,000 in cash payments to Golden Arrow over a four-year period (Table 1). Upon earning the 75% interest, Latin Metals has a Top-Up Right to acquire the remaining 25% interest (for an aggregate 100% ownership) by paying US$2,000,000 in cash to Golden Arrow within 90 days (Table 1). Should Latin Metals choose not to exercise the Top-Up Right, the parties will form a joint venture (JV) with Latin Metals holding 75% and Golden Arrow 25%. Each party will fund its pro-rata share of future expenditures. A party diluting below 15% will have its interest converted to a 1% net smelter return (NSR) royalty. Work commitments and cash payments commence on the first anniversary of approval of the environmental permit (Declaración de Impacto Ambiental or DIA), approving the start of exploration activities including drilling (the " Commencement Date"). Anniversary Following the Commencement Date Work Commitment USD Cash Payments USD Vesting First Anniversary $100,000 $100,000 - Second Anniversary $150,000 $150,000 - Third Anniversary $250,000 $250,000 - Fourth Anniversary $500,000 $500,000 75% Top-Up Right - $2,000,000 25% Total $1,000,000 $3,000,000 100% About the Esperanza and Huachi Projects The Esperanza project hosts a partially defined copper-gold porphyry system, with surface expression of a pyrite halo measuring 1,400m x 850m. Historical drilling by Latin Metals returned 387m @ 0.57% Cu and 0.27 g/t Au, including 166m @ 0.84% Cu and 0.37 g/t Au from surface. Mineralization remains open in all directions and at depth, with vectors suggesting continuity westward toward the Huachi project. Latin Metals previously entered into an option agreement regarding the Esperanza and Huachi properties with Atlantic Metals Limited, a wholly owned subsidiary of Moxico Resources plc., a private copper mining company with producing and development assets in Zambia and the Kingdom of Saudi Arabia, made as of October 7, 2024 (see previous news release dated October 8, 2024) About Latin Metals Latin Metals Inc. is a copper, gold and silver exploration company operating in Peru and Argentina under a prospect generator model, minimizing risk and dilution while maximizing discovery potential. With 18 projects, the company secures option agreements with major mining companies to fund exploration. Current option holders include AngloGold Ashanti (Organullo Gold Project) and Moxico Resources (Esperanza & Huachi Copper-Gold Projects). This approach provides early-stage exposure to high-value mineral assets. Latin Metals is actively seeking new strategic partners to advance its portfolio. Latin Metals recently presented and met with investors at three investor events: 121 Mining Investment Conference – London (May 12–13, 2025) Deutsche Goldmesse – Frankfurt (May 16–17, 2025) THE Mining Event – Quebec City (June 3–5, 2025) Upcoming investor conferences include: The Rule Symposium on Natural Resource Investing 2025 - Florida (July 7-11, 2025) These events provide key opportunities to showcase Latin Metals' progress and introduce its high-quality portfolio to new strategic and institutional audiences. Stay Connected Follow Latin Metals on YouTube, X, Facebook, LinkedIn and Instagram to stay informed on our latest developments, exploration updates, and corporate news. Qualified Person Eduardo Leon, QP, is the Company's qualified person as defined by NI 43-101 and has reviewed the scientific and technical information that forms the basis for portions of this news release. He has approved the disclosure herein. Mr. Leon is not independent of the Company, as he is an employee of the Company and holds securities of the Company. On Behalf of the Board of Directors of LATIN METALS INC. ' Keith Henderson ' President & CEO For further details on the Company, readers are referred to the Company's website ( and its Canadian regulatory filings on SEDAR+ at For further information, please contact: Keith Henderson Suite 890 - 999 West Hastings Street, Vancouver, BC, V6C 2W2 E-mail: info@ Elyssia Patterson, VP Investor Relations Email: elyssia@ Phone: 778-683-4324 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Cautionary Note Regarding Forward-Looking Statements This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, the anticipated content, commencement, timing and cost of exploration programs in respect of the Property and otherwise, anticipated exploration program results from exploration activities, and the Company's expectation that it will be able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral deposits/resources/reserves on the Properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, market fundamentals will result in sustained precious and base metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the Company's Argentine projects in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of the Company projects, and the Company's ability to comply with environmental, health and safety laws. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, operating and technical difficulties in connection with mineral exploration and development and mine development activities at the Properties, including the geological mapping, prospecting and sampling programs being proposed for the Properties (the "Programs"), actual results of exploration activities, including the Programs, estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, costs of production, capital expenditures, the costs and timing of the development of new deposits, the availability of a sufficient supply of water and other materials, requirements for additional capital, future prices of precious metals and copper, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, possible variations in ore grade or recovery rates, possible failures of plants, equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, delays or the inability of the Company to obtain any necessary permits, consents or authorizations required, any current or future property acquisitions, financing or other planned activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currency fluctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending litigation, environmental issues and liabilities, risks related to joint venture operations, and risks related to the integration of acquisitions, as well as those factors discussed under the heading as well as those factors discussed under the heading 'Risk Factors' in the Company's annual management's discussion and analysis and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR+ website at
Yahoo
23-06-2025
- Business
- Yahoo
Latin Metals Signs Definitive Option Agreement for Huachi Copper-Gold Project, San Juan Province, Argentina
VANCOUVER, British Columbia, June 23, 2025 (GLOBE NEWSWIRE) -- Latin Metals Inc. ("Latin Metals" or the "Company") - (TSXV: LMS) (OTCQB: LMSQF) is pleased to announce that it has entered into a definitive option agreement (the "Agreement") with Golden Arrow Resources Corp. ("Golden Arrow") to acquire up to a 100% interest in the Huachi property ("Huachi"), a 3,500-hectare copper-gold project located in San Juan Province, Argentina (see previous news release, dated March 13, 2024). The Huachi property is immediately contiguous with Latin Metals' Esperanza project (Figure 1). Figure 1: Location of the Huachi property, located immediately west of the Company's Esperanza property, San Juan Province, Argentina. Definitive Agreement Terms Latin Metals has the right to acquire an initial 75% interest in the Huachi property by completing US$1,000,000 in exploration expenditures and US$1,000,000 in cash payments to Golden Arrow over a four-year period (Table 1). Upon earning the 75% interest, Latin Metals has a Top-Up Right to acquire the remaining 25% interest (for an aggregate 100% ownership) by paying US$2,000,000 in cash to Golden Arrow within 90 days (Table 1). Should Latin Metals choose not to exercise the Top-Up Right, the parties will form a joint venture (JV) with Latin Metals holding 75% and Golden Arrow 25%. Each party will fund its pro-rata share of future expenditures. A party diluting below 15% will have its interest converted to a 1% net smelter return (NSR) royalty. Work commitments and cash payments commence on the first anniversary of approval of the environmental permit (Declaración de Impacto Ambiental or DIA), approving the start of exploration activities including drilling (the "Commencement Date").Anniversary Following the Commencement Date WorkCommitmentUSD CashPaymentsUSD Vesting First Anniversary $100,000 $100,000 - Second Anniversary $150,000 $150,000 - Third Anniversary $250,000 $250,000 - Fourth Anniversary $500,000 $500,000 75% Top-Up Right - $2,000,000 25% Total $1,000,000 $3,000,000 100% About the Esperanza and Huachi Projects The Esperanza project hosts a partially defined copper-gold porphyry system, with surface expression of a pyrite halo measuring 1,400m x 850m. Historical drilling by Latin Metals returned 387m @ 0.57% Cu and 0.27 g/t Au, including 166m @ 0.84% Cu and 0.37 g/t Au from surface. Mineralization remains open in all directions and at depth, with vectors suggesting continuity westward toward the Huachi project. Latin Metals previously entered into an option agreement regarding the Esperanza and Huachi properties with Atlantic Metals Limited, a wholly owned subsidiary of Moxico Resources plc., a private copper mining company with producing and development assets in Zambia and the Kingdom of Saudi Arabia, made as of October 7, 2024 (see previous news release dated October 8, 2024)Latin Metals Inc. is a copper, gold and silver exploration company operating in Peru and Argentina under a prospect generator model, minimizing risk and dilution while maximizing discovery potential. With 18 projects, the company secures option agreements with major mining companies to fund exploration. Current option holders include AngloGold Ashanti (Organullo Gold Project) and Moxico Resources (Esperanza & Huachi Copper-Gold Projects). This approach provides early-stage exposure to high-value mineral assets. Latin Metals is actively seeking new strategic partners to advance its Metals recently presented and met with investors at three investor events: 121 Mining Investment Conference – London (May 12–13, 2025) Deutsche Goldmesse – Frankfurt (May 16–17, 2025) THE Mining Event – Quebec City (June 3–5, 2025) Upcoming investor conferences include: The Rule Symposium on Natural Resource Investing 2025 - Florida (July 7-11, 2025) These events provide key opportunities to showcase Latin Metals' progress and introduce its high-quality portfolio to new strategic and institutional Latin Metals on YouTube, X, Facebook, LinkedIn and Instagram to stay informed on our latest developments, exploration updates, and corporate Leon, QP, is the Company's qualified person as defined by NI 43-101 and has reviewed the scientific and technical information that forms the basis for portions of this news release. He has approved the disclosure herein. Mr. Leon is not independent of the Company, as he is an employee of the Company and holds securities of the Company. On Behalf of the Board of Directors of LATIN METALS INC. 'Keith Henderson' President & CEO For further details on the Company, readers are referred to the Company's website ( and its Canadian regulatory filings on SEDAR+ at For further information, please contact: Keith HendersonSuite 890 - 999 West Hastings Street,Vancouver, BC, V6C 2W2E-mail: info@ Elyssia Patterson, VP Investor RelationsEmail: elyssia@ 778-683-4324 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, the anticipated content, commencement, timing and cost of exploration programs in respect of the Property and otherwise, anticipated exploration program results from exploration activities, and the Company's expectation that it will be able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral deposits/resources/reserves on the Properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, market fundamentals will result in sustained precious and base metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the Company's Argentine projects in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of the Company projects, and the Company's ability to comply with environmental, health and safety laws. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. Such risks and other factors include, among others, operating and technical difficulties in connection with mineral exploration and development and mine development activities at the Properties, including the geological mapping, prospecting and sampling programs being proposed for the Properties (the "Programs"), actual results of exploration activities, including the Programs, estimation or realization of mineral reserves and mineral resources, the timing and amount of estimated future production, costs of production, capital expenditures, the costs and timing of the development of new deposits, the availability of a sufficient supply of water and other materials, requirements for additional capital, future prices of precious metals and copper, changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, possible variations in ore grade or recovery rates, possible failures of plants, equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, delays or the inability of the Company to obtain any necessary permits, consents or authorizations required, any current or future property acquisitions, financing or other planned activities, changes in laws, regulations and policies affecting mining operations, hedging practices, currency fluctuations, title disputes or claims limitations on insurance coverage and the timing and possible outcome of pending litigation, environmental issues and liabilities, risks related to joint venture operations, and risks related to the integration of acquisitions, as well as those factors discussed under the heading as well as those factors discussed under the heading 'Risk Factors' in the Company's annual management's discussion and analysis and other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR+ website at Readers are cautioned not to place undue reliance on forward looking statements. Except as otherwise required by law, the Company undertakes no obligation to update any of the forward-looking information in this news release or incorporated by reference herein. A photo accompanying this announcement is available at
