Latin Metals Inc. has finalized a definitive option agreement with Golden Arrow Resources Corp. to acquire up to a 100% interest in the Huachi copper-gold project in San Juan Province, Argentina. The Huachi property, spanning 3,500 hectares, is adjacent to Latin Metals' existing Esperanza project. Under the terms, Latin Metals can secure an initial 75% stake by investing US$1,000,000 in exploration and making US$1,000,000 in cash payments over four years. To acquire the remaining 25%, Latin Metals has a Top-Up Right, requiring a US$2,000,000 cash payment within 90 days after earning the initial interest. If not exercised, a joint venture will be formed with Latin Metals holding a majority stake. The agreement's work commitments and payments will begin one year after the environmental permit is approved, allowing exploration to commence.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。