Andina Copper Stock Price, News & Analysis

Pampa Metals (PMMCF) has executed a binding letter agreement to acquire 100% of Rugby Resources shares, creating a leading South American copper explorer. The all-share transaction values Rugby shares at a 1:6.4 ratio, with Rugby shareholders holding approximately 38% of Pampa post-transaction.

The combined entity will focus on three main projects: Piuquenes copper-gold porphyry in Argentina (featuring significant drill results including 801m @ 0.40% Cu, 0.51 g/t Au), Cobrasco copper-moly porphyry in Colombia (with drill results including 808m @ 0.42% Cu, 79 ppm Mo), and the Mantau IOCG copper project in Chile.

The company plans to pursue a dual listing on the Australian Stock Exchange and TSX Venture Exchange. Prior to closing, Rugby shareholders will receive interest in a newly-formed company (Rugby Spinco) containing certain separated assets. The transaction is subject to due diligence, regulatory approvals, and definitive agreement within a 45-day exclusivity period.

CEO.CA, a leading investor social network for junior resource stocks, featured an interview with Joseph van den Elsen, President & CEO of Pampa Metals (CSE: PM) (OTCQX: PMMCF) in their 'Inside the Boardroom' series. The discussion focused on mining activities at the Argentina/Chile border, the company's expanded land package, and the initiation of their 2024/25 drill campaign at the Piuquenes Project.

Pampa Metals Corp. (CSE:PM, FSE:FIR, OTCQB:PMMCF) has provided an update on the Piuquenes Cu-Au Project in San Juan, Argentina. The company has integrated historic electrical geophysical data, revealing significant potential for the project. Key findings include:

1. A northeast trend to the Piuquenes system
2. A prominent annular chargeability anomaly at Piuquenes Central
3. A buried chargeability feature along the north-east Piuquenes Central trend
4. Well-defined porphyry systems at Piuquenes Central and East

The company is finalizing a 3D geological model and planning for the 2024/25 field season, which will include further drill evaluation at Piuquenes Central and initial drill testing of Piuquenes East.

Pampa Metals Corp. (CSE:PM, FSE:FIR, OTCQB:PMMCF) has provided an update on its Piuquenes Copper-Gold Porphyry Project in San Juan, Argentina. The company has been integrating recent drilling data with historical information, including surface geology, geochemistry, and geophysics. They are finalizing 3D geological modeling and grade interpretation at the Piuquenes Central porphyry Cu-Au deposit.

Pampa Metals is also reviewing property-wide potential, with mineral tenure extending over 3km north of Piuquenes Central. The company is preparing for the 2024/25 field season, which will include further drill evaluation at Piuquenes Central, initial drill testing of Piuquenes East, field mapping of nearby targets, and possibly additional geophysics. Management is currently in San Juan finalizing preparations for the upcoming field season.

Pampa Metals Corp. (CSE:PM, FSE:FIRA, OTCQB:PMMCF) has completed its private placement, raising a total of $3,546,949 through the issuance of 13,136,847 units at $0.27 per unit. Each unit comprises one common share and a half purchase warrant, with whole warrants exercisable at $0.50 for three years. The proceeds will fund ongoing exploration at the Piuquenes Copper-Gold Porphyry Project, where recent drilling results have been promising. Notable intersections include 801 m @ 0.40% Cu, 0.51 g/t Au, 2.87 g/t Ag, with higher-grade zones within. The company paid $176,580 in finder's fees and issued 654,000 finder's warrants. All securities are subject to a four-month hold period.

Pampa Metals has successfully closed a private placement, raising $3.4 million by issuing 12,581,291 units at $0.27 per unit. Each unit includes one common share and a half purchase warrant, with each whole warrant allowing for the purchase of an additional common share at $0.50 within three years.

The raised funds will support ongoing exploration at the Piuquenes Copper-Gold Porphyry Project, where notable drill results have been reported, including 801 meters at 0.40% Cu, 0.51 g/t Au, and 2.87 g/t Ag. Pampa Metals also paid $176,580 in finder's fees and issued 654,000 finder's warrants.

The company expects to close a final tranche of the private placement for an additional $150,000 on July 15, 2024.

Pampa Metals upsized its non-brokered private placement to $3.5 million, issuing 12,951,852 units at $0.27 each. Each unit includes one common share and a half purchase warrant, with each warrant allowing the purchase of an additional share at $0.50 within three years. This decision follows strong support from long-term shareholders and a natural resources fund. The proceeds will fund exploration at the Piuquenes Copper-Gold Porphyry Project, which has shown promising results from its third drill hole, including significant mineralization of copper, gold, and silver. The first tranche closes around June 28, and the second around July 5. Finder's fees may be involved, and the securities will have a four-month hold period.

Pampa Metals has announced a fully subscribed non-brokered private placement raising $2.6 million by issuing 9.6 million units at $0.27 each. Each unit includes one common share and a half-purchase warrant, with each whole warrant allowing the purchase of an additional share at $0.50 within three years.

The funds will support ongoing exploration at the Piuquenes Copper-Gold Porphyry Project. Recent drill results from this project include significant copper, gold, and silver mineralizations, such as 801 meters at 0.40% Cu, 0.51 g/t Au, and 2.87 g/t Ag.

The placement is expected to close by June 28, 2024, and is subject to approval by the Canadian Securities Exchange. Securities issued will have a four-month hold period.

Pampa Metals has announced positive results from its maiden drill program at the Piuquenes porphyry project in San Juan, Argentina. The program included three diamond drill holes totaling 2,592 meters completed with high safety and environmental standards.

The results showed notable intervals of copper, gold, and silver mineralization, including:

PIU01: 422m @ 0.48% Cu, 0.61 g/t Au, 2.9 g/t Ag

PIU02: 448m @ 0.42% Cu, 0.46 g/t Au, 2.44 g/t Ag

PIU03: 801m @ 0.40% Cu, 0.51 g/t Au, 2.87 g/t Ag

The high-grade mineralization remains open to depth and to the northeast. The company is now focusing on integrating recent data with historical information and preparing for further drilling and exploration in the next field season.