Latin Metals Acquires Full Ownership of Cerro Bayo Silver-Gold Project in Argentina

Latin Metals Inc. has finalized an amended agreement to acquire the remaining 29% interest in the Cerro Bayo and La Flora properties located in Argentina's Santa Cruz Province, thereby becoming the sole owner of this drill-ready silver-gold exploration asset. The agreement with Tres Cerros Exploraciones S.R.L. involves staged cash payments totaling US$400,000 through 2027, with TCE retaining a 0.75% NSR royalty, part of which Latin Metals can repurchase. This acquisition marks a significant milestone for Latin Metals as it consolidates its ownership of a fully permitted project in a region known for its rich mineral deposits.

The Cerro Bayo Silver-Gold Project is now positioned as a key asset in Latin Metals' exploration portfolio, which includes 18 projects across Peru and Argentina. The company's prospect generator model, which involves securing option agreements with major mining companies to fund exploration, minimizes risk while maximizing the potential for discovery. Latin Metals' strategy of partnering with industry leaders such as AngloGold Ashanti and Moxico Resources underscores its commitment to advancing high-value mineral assets. The full ownership of the Cerro Bayo project not only enhances Latin Metals' exploration capabilities but also strengthens its position in the competitive mining sector. For more details on the acquisition, visit https://ibn.fm/Io8zX.

The consolidation of ownership represents a strategic move that provides Latin Metals with greater operational flexibility and control over exploration decisions. As the sole owner, the company can now pursue exploration programs without the complications of joint venture agreements, potentially accelerating the timeline for resource definition and development. The Cerro Bayo project's location in Santa Cruz Province is particularly significant given the region's established mining history and infrastructure, which reduces exploration risks and costs. This acquisition aligns with Latin Metals' broader strategy of building a diversified portfolio of precious metals projects in South America's most prospective mining jurisdictions.

The financial terms of the agreement, involving staged payments through 2027, demonstrate Latin Metals' prudent capital management approach while securing full control of a valuable asset. The retained NSR royalty by TCE provides the original stakeholders with ongoing exposure to the project's success while allowing Latin Metals the option to repurchase portions of the royalty in the future. This transaction structure balances immediate ownership acquisition with long-term financial flexibility. The Cerro Bayo project's drill-ready status means that Latin Metals can immediately commence exploration activities, potentially leading to rapid value creation for shareholders as the company works to define the silver and gold resources on the property.