Latin Metals Secures Option to Acquire 100% Huachi Copper-Gold Project Argentina

Latin Metals Inc. has solidified its position in Argentina's mining sector by amending its agreement to acquire 100% ownership of the Cerro Bayo silver-gold project in Santa Cruz Province, reducing near-term capital requirements and securing drill permits for exploration. Additionally, Latin Metals entered into a definitive option agreement with Golden Arrow Resources to acquire up to 100% interest in the Huachi copper-gold project in San Juan Province, adjacent to its Esperanza project. Under this agreement, Latin Metals can initially acquire a 75% stake by investing US$1 million in exploration and US$1 million in cash payments over four years, with an option to acquire the remaining 25% for US$2 million or form a joint venture with Golden Arrow. This strategic expansion enhances Latin Metals' portfolio in highly prospective mining regions, securing multiple high-value assets while maintaining flexibility for future partnerships. The deals reflect Latin Metals' prospect generator model, aiming to minimize risk and maximize discovery potential by leveraging option agreements with other mining companies. Work on the Huachi project will commence following environmental permit approval, marking a significant step forward for Latin Metals' exploration activities in Argentina.