Latin Metals - LMSQF STOCK NEWS

Latin Metals (TSXV: LMS) (OTCQB: LMSQF) has executed a data purchase agreement with Vale Exploration Peru for their Para copper project in Peru. The agreement provides Latin Metals with comprehensive exploration data, including geological mapping, 282 rock sample assays, and geophysical survey results. In exchange, Vale receives a Right of First Offer valid from prefeasibility study completion until 2035.

The Para Copper Project, spanning 1,900 hectares in Peru's Coastal Copper Belt, has shown promising surface copper mineralization with values ranging from 251 ppm to 1,505 ppm, and molybdenum up to 46 ppm. Two primary anomalous zones have been identified, including a 2,000m x 1,000m area. Vale's previous work identified four drill targets and completed drill permitting, suggesting future permits could be obtained.

Latin Metals (TSXV: LMS) (OTCQB: LMSQF) has reported significant exploration results from its La Flora project in Argentina, where visible gold was discovered in outcropping structures. Sample assays revealed impressive values of up to 82 g/t gold and 1,239 g/t silver.

The project is located within the Cerro Bayo district in the Deseado Massif geological province, an area known for substantial precious metal deposits. Initial exploration was conducted by Barrick Gold, with Latin Metals completing additional mapping in late 2024 and expanding to La Flora for the first time.

The company has completed all requirements for an exploration and drilling permit, expecting approval in Q1 2025. Latin Metals operates under a Prospect Generator model, focusing on acquiring prospective properties at minimal cost and securing joint venture partners for advanced exploration.

Latin Metals (TSXV: LMS) (OTCQB: LMSQF) has secured 71% ownership of the Cerro Bayo and La Flora properties in Argentina's Santa Cruz Province, with an option to acquire 100% ownership. The properties, previously explored by Barrick Gold, show potential for high-grade gold-silver discoveries at depths of 150-200 meters within the Deseado Massif region. The project features a 6km-wide favorable structural zone with gold-silver mineralization. Drill permits are expected in Q4 2024, and the company is seeking a partner for comprehensive exploration activities in 2025. The properties are strategically located in Santa Cruz Province, which contributes 42% of Argentina's mineral exports and produced over 680,000 ounces of gold and 15.2 million ounces of silver in 2023.

Latin Metals (TSXV: LMS) (OTCQB: LMSQF) has appointed Terri Anne Welyki as an advisor focusing on capital markets and marketing. Welyki brings over 15 years of experience in capital markets, with expertise in financing, permitting, and stakeholder management across North and South American mining projects. The company has also granted 300,000 stock options to directors, officers, and consultants at $0.12 per share for a 36-month period, bringing total options to 6.56% of outstanding shares. Latin Metals operates as a Prospect Generator, acquiring and evaluating South American exploration properties to secure joint venture partners for advanced exploration.

Latin Metals Inc. (TSXV: LMS) (OTCQB: LMSQF) has secured a key exploration permit for its Esperanza copper-gold project in San Juan Province, Argentina. This permit allows Moxico Resources plc, which has an option to acquire up to 100% of the Esperanza and Huachi projects, to begin exploration activities including mapping, sampling, and geophysical surveys. Moxico is required to complete a minimum of 5,000m of drilling in the first year of the option.

The Esperanza project is a copper-gold porphyry exploration property with a large system partially defined by initial drilling. Previous drill results include 387 meters grading 0.57% copper and 0.27 g/t gold from surface. The mineralization remains open in all directions. Latin Metals operates with a Prospect Generator model, focusing on acquiring prospective exploration properties and securing joint venture partners to fund advanced exploration.

Latin Metals Inc. (TSXV: LMS) (OTCQB: LMSQF) has expanded its Technical Advisory Board with the appointments of Fionnuala Devine and Mike Basha. These additions bring significant technical expertise to advance the company's projects in Argentina and Peru. Ms. Devine, with 20 years of mineral exploration experience, was part of the team exploring the Vicuña district in Chile-Argentina. Mr. Basha, a professional engineer and geologist with over 35 years of experience, has worked on various exploration projects globally.

The company has also granted 1,470,000 common share stock options to directors, officers, and consultants, exercisable at $0.10 per share for 36 months. This issuance brings the total Options to 71% of the issued and outstanding stock.

Latin Metals operates with a Prospect Generator model, focusing on acquiring prospective properties at minimum cost and securing joint venture partners for advanced exploration.

Latin Metals (OTCQB: LMSQF) has signed a binding letter agreement with Moxico Resources, granting Moxico an option to earn a 75% interest in the Esperanza and Huachi copper exploration projects in Argentina. Moxico must make staged payments totaling $2,775,000, assume $4,633,000 in outstanding obligations, and commit $1,000,000 in work expenditures at Huachi. Additionally, Moxico must complete 65,000 meters of drilling and deliver technical reports. If Moxico exercises the option, it can acquire the remaining 25% for a minimum of $10,000,000 or $0.02/lb of copper equivalent. Upon full acquisition, Latin Metals' interest converts to a 2% net smelter returns royalty. The agreement emphasizes Moxico's financial and technical strengths, with Latin Metals retaining a 25% interest unless Moxico opts for full acquisition.

Latin Metals Inc. (TSXV: LMS) (OTCQB: LMSQF) has closed a non-brokered private placement, raising $2,000,000 through the issuance of 25,000,000 units at $0.08 per unit. Each unit includes one common share and half a warrant, with each whole warrant allowing the purchase of one share at $0.15 for 24 months. The company paid $70,350 in finder's fees and issued 879,375 finder's warrants. Certain insiders participated, purchasing 10,225,000 units. Proceeds will be used for mineral exploration, project generation, acquisition, loan repayment, and working capital. Latin Metals operates as a Prospect Generator, focusing on acquiring and evaluating properties in South America to secure joint venture partners for advanced exploration.

Latin Metals Inc. (TSXV: LMS) (OTCQB: LMSQF) has expanded its Auquis Project by staking an additional 400-hectare claim. The extension is located south of the Rose copper porphyry target area, potentially hosting an extension of the Rose porphyry system. The company plans future exploration at Auquis, including additional sampling at the Rose zone and the Blanco skarn target.

Latin Metals also announced two unsecured, non-interest-bearing loans from a trust controlled by a director: a USD 100,000 loan in July 2024 and another USD 100,000 loan in April 2024 (repaid in May 2024). The company intends to use the July 2024 loan proceeds for resource properties option payments and short-term corporate needs.