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.
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Latin Metals Inc. (TSXV: LMS, OTCQB: LMSQF) announced the results of its annual general meeting held on August 4, 2022, in Vancouver. A total of 40,815,693 shares, representing 70.75% of outstanding shares, were voted. All proposed motions were approved, including the number of directors at five, with a remarkable 99.98% approval for this motion. Individual directors received over 99% of votes in favor. The appointment of auditors and the stock option plan were also ratified with strong support, reflecting shareholder confidence. The Company continues to engage with shareholders positively.
Latin Metals (TSXV: LMS, OTCQB: LMSQF) announced positive results from a recent rock sampling program at its Auquis project in Peru. A total of 234 rock chip samples were collected, revealing copper grades between 22 ppm and 12.8%. Notably, 101 samples from a 1km x 1km area returned an average copper value of 0.13% and 236 ppm molybdenum. The company plans to extend its sampling program and conduct geological mapping in the upcoming months to further explore the property.
Latin Metals Inc. has signed a binding option agreement with AngloGold Argentina Exploraciones S.A. for a stake in its Organullo, Ana Maria, and Trigal Gold projects in Argentina. This agreement, effective June 2, 2022, allows AngloGold to earn up to an 80% interest in the projects through a total investment of USD 12.575 million. This includes cash payments of USD 2.575 million and USD 10 million in exploration expenditures over five years. The partnership is a significant move for Latin Metals, enhancing its project portfolio with support from a major global gold producer.
Latin Metals Inc. (TSXV: LMS, OTCQB: LMSQF) announced positive soil sampling results from its 100%-owned Auquis copper project in Peru. The exploration program covers a 4,000-hectare area and identified a copper anomaly over a 3km x 2km region with copper values reaching up to 2,300 ppm. The company plans to initiate rock chip sampling and mapping in April 2022. CEO Keith Henderson emphasized the project's discovery potential and ongoing community engagement efforts, including agricultural development initiatives.
Latin Metals has announced a significant step in its partnership with Barrick Gold Corporation, which has begun exploration activities on the Cerro Bayo properties in Argentina. Under an Earn-In Agreement, Barrick can earn up to an 85% interest in these properties by investing a minimum of USD $1,000,000 in exploration within two years. Barrick has already made an initial cash payment of USD $150,000 to Latin Metals. The exploration will include geological mapping and sampling, with results reported quarterly.
Latin Metals has entered an earn-in agreement with Barrick Gold to acquire up to an 85% interest in its Cerro Bayo, Cerro Bayo Sur, and La Flora properties located in Argentina. Barrick can earn a 70% interest through $2.32 million in payments and $5 million in exploration expenses, followed by an additional 15% with further payments of $425,000. The agreement's financial commitments are contingent on reaching an agreement with the property owner within 60 days. Keith Henderson, CEO, highlighted Barrick's expertise and investment, aiming to minimize shareholder dilution.
Latin Metals Inc. (TSXV: LMS, OTCQB: LMSQF) has reported promising rock chip channel sampling results from its Lacsha project, revealing a new zone of copper and molybdenum mineralization. Notable findings include 52m grading 0.38% copper. Additionally, an Induced Polarization (IP) geophysical survey is underway to define drill targets. This proactive approach in the Coastal Copper Belt reaffirms Latin Metals' commitment to exploring its 100%-owned projects effectively.
Latin Metals has acquired a 100% interest in three copper exploration projects in Peru, covering 5,000 hectares in the Coastal Copper Belt. The acquisition follows a comprehensive regional stream sediment survey of around 480 km², identifying significant copper anomalies. The projects, named Loli, Tillo, and Para, will enhance the company's exploration footprint in the area. Planned activities include discussions with local communities and systematic surface exploration to identify priority targets. The Coastal Copper Belt is known for diverse deposit types, and this expansion aligns with the company’s low-cost acquisition strategy.
Latin Metals Inc. has acquired a 100% interest in the Yanba copper exploration project in Peru's Coastal Copper Belt. The 4,000-hectare project was identified after a regional stream sediment survey covering 200 km2 revealed significant copper anomalies. The Company plans to initiate systematic surface exploration in collaboration with the local community. The acquisition bolsters Latin Metals' position in a region known for various deposit types, including Porphyry and Epithermal deposits, complementing its existing Lacsha project.
