Welcome to our dedicated page for Latin Metals news (Ticker: LMSQF), a resource for investors and traders seeking the latest updates and insights on Latin Metals stock.
Latin Metals (LMSQF) provides investors and industry stakeholders with comprehensive updates on corporate developments within the metals sector. This centralized resource aggregates official press releases, financial disclosures, and strategic announcements from the Vancouver-based commodity processor and trader.
Visitors gain access to critical updates including earnings reports, governance changes, and operational milestones. Recent developments such as executive appointments and incentive stock option grants demonstrate the company's commitment to transparent corporate practices aligned with shareholder interests.
The news collection serves as a vital tool for tracking market positioning within industrial metals processing and commodity trading sectors. Users can monitor strategic initiatives impacting supply chain operations and metallurgical advancements while staying informed about leadership decisions that shape corporate direction.
Bookmark this page for ongoing access to verified information about Latin Metals' activities in global metals markets. Check regularly for updates reflecting the company's operational strategies and responses to evolving industry conditions.
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.
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.
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.
