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LATIN METALS INC - LMSQF STOCK NEWS

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LATIN METALS INC (LMSQF) is a leading exploration company focused on acquiring, exploring, and advancing mineral properties in Latin America. With a strong portfolio of projects, the company aims to discover and develop world-class deposits. LATIN METALS has recently announced significant findings in its exploration efforts and continues to build strategic partnerships to drive growth. The company's financial stability and commitment to sustainable practices distinguish it in the mining sector.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Latin Metals announced the results of its annual general meeting held on July 10, 2024. All motions were approved by shareholders representing 59.73% of the outstanding shares. Key decisions include the appointment of Felicia de la Paz as an independent director and Chair of the Audit Committee, replacing Ryan King who did not stand for re-election.

The company also granted 950,000 stock options to directors, officers, and consultants, priced at $0.10 per share, valid for 36 months. Latin Metals continues its Prospect Generator model, aiming to acquire and develop exploration properties in South America with minimal costs and shareholder dilution.

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Latin Metals Inc. received positive results from an airborne magnetic and radiometric survey at its Organullo Project in Argentina. The survey defined drill targets in the West Graben, previously unexplored by eight operators focused on the Julio Verne mine area. AngloGold's exploration identified potential for porphyry copper-gold and high-sulphidation epithermal gold deposits. Multiple data sets support this, with drill targets confirmed by magnetic and radiometric data. The Company operates with a Prospect Generator model, allowing shareholders exposure to discovery upside without high-risk exploration funding.

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Latin Metals Inc. announces a binding Letter Agreement with Golden Arrow Resources Corp. to earn up to a 100% interest in the Huachi Property in Argentina. Latin Metals will incur exploration expenditures totaling US$1,000,000 and make cash payments of US$1,000,000 over a four-year period. The agreement includes a top-up right to purchase the remaining 25% interest in the property. If Latin Metals chooses not to exercise this right, a joint venture will be formed with Golden Arrow.
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FAQ

What is the current stock price of LATIN METALS (LMSQF)?

The current stock price of LATIN METALS (LMSQF) is $0.0582 as of December 23, 2024.

What is the market cap of LATIN METALS (LMSQF)?

The market cap of LATIN METALS (LMSQF) is approximately 7.1M.

What is LATIN METALS INC (LMSQF) known for?

LATIN METALS is a renowned exploration company specializing in mineral properties in Latin America.

What are the core activities of LATIN METALS INC?

The company is engaged in acquiring, exploring, and advancing mineral projects in the region.

What recent achievements has LATIN METALS INC announced?

LATIN METALS has revealed significant findings in its exploration endeavors.

How does LATIN METALS INC differentiate itself in the mining sector?

The company stands out for its financial stability, commitment to sustainability, and strategic partnerships.

Where is LATIN METALS INC headquartered?

The company is headquartered in Vancouver, BC, Canada.

How can I contact LATIN METALS INC?

You can reach LATIN METALS by phone at 604-638-3456 or via email at info@latin-metals.com.

Does LATIN METALS INC have any cautionary statements?

LATIN METALS provides a cautionary note regarding forward-looking statements.

Is there any photo available related to LATIN METALS INC?

Photos related to the company can be found at the provided link.

What geographical area does LATIN METALS INC focus on?

LATIN METALS concentrates its exploration efforts on Latin America.

What is the goal of LATIN METALS INC?

The company aims to discover and develop world-class mineral deposits.

Does LATIN METALS INC have any recent partnerships?

LATIN METALS continues to build strategic partnerships to drive growth and innovation.

LATIN METALS INC

OTC:LMSQF

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LMSQF Stock Data

7.13M
71.42M
30.7%
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Basic Materials
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United States of America
Vancouver