Palamina Acquires Aurania's Peruvian Subsidiary and 100% of the Pluma Copper Silver Project
Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) has acquired 100% of Sociedad Minera Vicus Exploraciones S.A.C. from Aurania Resources The acquisition includes the Pluma copper silver project in northeastern Peru, covering 9,800 hectares. As payment, Aurania received 350,000 Palamina common shares and a 1% Net Smelter Return royalty on Pluma.
Palamina plans to transfer its Sora, Volcano, and Galena copper silver projects in southeastern Peru to Vicus. This acquisition provides Palamina with greater flexibility to separately fund and advance its copper silver projects in Vicus and gold projects in Palamina S.A.C.
The Pluma project is adjacent to Hannan Metals 's San Martin Copper Silver Project, which is subject to a significant earn-in agreement with JOGMEC. Palamina's strategy for copper silver assets positions it to participate in new discoveries in a prolific metallogenic belt, focusing on high-demand battery metals like copper and silver.
Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) ha acquisito il 100% di Sociedad Minera Vicus Exploraciones S.A.C. da Aurania Resources. L'acquisizione include il progetto Pluma di rame e argento nel nord-est del Perù, che copre 9.800 ettari. Come pagamento, Aurania ha ricevuto 350.000 azioni ordinarie di Palamina e una royalty dell'1% sul Net Smelter Return per Pluma.
Palamina prevede di trasferire i suoi progetti di rame e argento Sora, Volcano e Galena nel sud-est del Perù a Vicus. Questa acquisizione offre a Palamina maggiore flessibilità per finanziare e far avanzare separatamente i suoi progetti di rame e argento in Vicus e i progetti d'oro in Palamina S.A.C.
Il progetto Pluma è adiacente al progetto di rame e argento San Martin di Hannan Metals, che è soggetto a un significativo accordo di guadagno con JOGMEC. La strategia di Palamina per le risorse di rame e argento la posiziona per partecipare a nuove scoperte in una cintura metallogenica prolifico, concentrandosi su metalli essenziali per le batterie come rame e argento.
Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) ha adquirido el 100% de Sociedad Minera Vicus Exploraciones S.A.C. de Aurania Resources. La adquisición incluye el proyecto de cobre y plata Pluma en el noreste de Perú, abarcando 9.800 hectáreas. Como pago, Aurania recibió 350.000 acciones comunes de Palamina y una regalía del 1% por el retorno de fundición de Pluma.
Palamina planea transferir sus proyectos de cobre y plata Sora, Volcano y Galena en el sureste de Perú a Vicus. Esta adquisición brinda a Palamina mayor flexibilidad para financiar y avanzar por separado en sus proyectos de cobre y plata en Vicus y en los proyectos de oro en Palamina S.A.C.
El proyecto Pluma colinda con el proyecto de cobre y plata San Martín de Hannan Metals, que está sujeto a un significativo acuerdo de participación con JOGMEC. La estrategia de Palamina para los activos de cobre y plata la posiciona para participar en nuevos descubrimientos en una cinturón metalogenético prolífico, enfocándose en metales de alta demanda como el cobre y la plata.
Palamina Corp. (TSXV: PA) (OTCQB: PLMNF)는 Sociedad Minera Vicus Exploraciones S.A.C.의 100%를 Aurania Resources로부터 인수했습니다. 이 인수에는 북동부 페루에 위치한 9,800헥타르 규모의 플루마 구리-은 프로젝트가 포함됩니다. Aurania는 350,000주 팔라미나 보통주와 플루마에 대한 1%의 순광물 반환 로열티를 받았습니다.
팔라미나는 페루 남동부에 위치한 Sora, Volcano 및 Galena 구리-은 프로젝트를 Vicus에 이전할 계획입니다. 이번 인수는 Palamina가 Vicus의 구리-은 프로젝트와 Palamina S.A.C.의 금 프로젝트를 별도로 자금을 지원하고 발전시킬 수 있는 더 큰 유연성을 제공합니다.
플루마 프로젝트는 JOGMEC와의 중요한 수익 분배 협약이 체결된 Hannan Metals의 San Martin 구리-은 프로젝트에 인접해 있습니다. Palamina의 구리-은 자산 전략은 고수요 배터리 금속인 구리와 은에 초점을 맞추어, 메타로겐 벨트에서의 새로운 발견에 참여할 수 있는 위치를 마련하고 있습니다.
Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) a acquis 100% de Sociedad Minera Vicus Exploraciones S.A.C. d'Aurania Resources. L'acquisition inclut le projet de cuivre et d'argent Pluma situé dans le nord-est du Pérou, couvrant 9 800 hectares. En paiement, Aurania a reçu 350 000 actions ordinaires de Palamina et une redevance de 1% sur le revenu net de fusion de Pluma.
Palamina prévoit de transférer ses projets de cuivre et d'argent Sora, Volcano et Galena situés dans le sud-est du Pérou à Vicus. Cette acquisition offre à Palamina une plus grande flexibilité pour financer et faire progresser séparément ses projets de cuivre et d'argent chez Vicus et ses projets d'or chez Palamina S.A.C.
Le projet Pluma est adjacent au projet de cuivre et d'argent San Martin de Hannan Metals, qui est soumis à un accord de gain significatif avec JOGMEC. La stratégie de Palamina pour ses actifs en cuivre et en argent la positionne pour participer à de nouvelles découvertes dans une ceinture métallogénique prolifique, en se concentrant sur des métaux essentiels pour les batteries comme le cuivre et l'argent.
Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) hat 100% von Sociedad Minera Vicus Exploraciones S.A.C. von Aurania Resources erworben. Die Übernahme umfasst das Pluma Kupfer-Silber-Projekt im Nordosten Perus, das 9.800 Hektar umfasst. Als Zahlung erhielt Aurania 350.000 Stammaktien von Palamina sowie eine 1% Net Smelter Return-Royalty auf Pluma.
Palamina plant, seine Kupfer-Silber-Projekte Sora, Volcano und Galena im Südosten Perus an Vicus zu übertragen. Diese Übernahme bietet Palamina mehr Flexibilität, um seine Kupfer-Silber-Projekte in Vicus und die Goldprojekte in Palamina S.A.C. separat zu finanzieren und voranzutreiben.
Das Pluma-Projekt befindet sich in der Nähe des Kupfer-Silber-Projekts San Martin von Hannan Metals, das einem erheblichen Earn-in-Abkommen mit JOGMEC unterliegt. Palaminas Strategie für Kupfer-Silber-Vermögenswerte positioniert das Unternehmen, um an neuen Entdeckungen in einem ergiebigen metallogenetischen Gürtel teilzunehmen, wobei der Schwerpunkt auf wichtigen Batteriemetallen wie Kupfer und Silber liegt.
- Acquisition of 100% ownership of Pluma copper silver project covering 9,800 hectares
- Strategic positioning in a prolific metallogenic belt for copper and silver exploration
- Increased flexibility for funding and advancing copper silver and gold projects separately
- Proximity to Hannan Metals' San Martin project with significant JOGMEC investment
- Issuance of 350,000 common shares for acquisition, potentially diluting existing shareholders
- 1% Net Smelter Return royalty granted on Pluma project, reducing future revenue potential
- Current 'acquire and hold' strategy for copper silver assets may delay immediate returns
Toronto, Ontario--(Newsfile Corp. - September 23, 2024) - Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) has acquired
Vicus holds
"Palamina's Vicus subsidiary will eventually retain all of our copper silver assets where we currently have an 'acquire and hold' strategy. Palamina's primary focus remains on the drill program underway in the Sol de Oro zone at its Usicayos Gold Project. Palamina is on its third drill hole in the Sol de Oro east zone where, when complete, will move to the drill test the Sol de Oro south zone."
Location of Pluma copper silver project in NE Peru
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Location of Sora, Volcano & Galena copper silver projects in SE Peru
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Pluma is north and contiguous to Hannan Metals Limited's ("Hannan") San Martin Copper Silver Project. San Martin is subject to an earn-in with the Japan Organization for Metals and Energy Security ("JOGMEC"). JOGMEC has the option to earn up to a
The Pluma block of mineral concessions, within the San Martin region of northeastern Peru, covers prospective geology, including large salt domes which could be the source of mineralizing brines in this kind of environment. Vicus has acquired 2D seismic data over northeastern Peru, which was collected by Peru's state-owned oil company, facilitating the identification of further salt domes with additional mapping of prospective stratigraphy planned in an area.
Palamina's
Technical Information
The technical information herein has been reviewed and approved by Alvaro Fernandez-Baca (P. Geo.); a Qualified Person as defined by National Instrument 43-101. Mr. Fernandez-Baca is Vice President of Exploration to Palamina.
About Palamina Corp.
Palamina is an exploration company with a land bank of gold projects in the Puno Orogenic Gold Belt in southeastern Peru. Palamina is adding value through drill discovery at its Usicayos gold project. Palamina also has an "acquire and hold" strategy with copper silver assets in southeastern and northeastern Peru. Palamina holds a
On Behalf of the Board of Directors:
Andrew Thomson, President
Phone: (416) 204-7536 or visit www.palamina.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements include, but are not limited to, the use of proceeds of the Offering and the Company's future business plans. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. A more complete discussion of the risks and uncertainties facing the Company appears in the Company's continuous disclosure filings, which are available at www.sedarplus.ca.
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FAQ
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