Latin Metals Inc. Achieves Full Ownership of Cerro Bayo Silver-Gold Project
Latin Metals Inc. has secured complete ownership of the Cerro Bayo Silver-Gold Project in Argentina, enhancing its portfolio with a drill-ready asset.
Latin Metals Inc. (TSX.V: LMS) (OTCQB: LMSQF) 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. This acquisition grants Latin Metals 100% ownership of the Cerro Bayo Silver-Gold Project, a fully permitted and drill-ready exploration asset. The deal 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.
The Cerro Bayo project represents a significant addition to Latin Metals' exploration portfolio, offering potential for silver and gold discoveries in a region known for its mining opportunities. The company's strategy of securing option agreements with major mining firms, such as AngloGold Ashanti and Moxico Resources, underscores its commitment to minimizing risk while maximizing the potential for high-value mineral discoveries. This latest acquisition aligns with Latin Metals' approach to expanding its asset base through strategic partnerships and acquisitions.
For further details on the agreement, visit https://ibn.fm/Io8zX.