Latin Metals Consolidates 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. Additional information about the acquisition is available at https://ibn.fm/Io8zX.

This consolidation of ownership represents a strategic move that provides Latin Metals with greater control over exploration decisions and potential development timelines. The acquisition eliminates joint venture complexities and streamlines decision-making processes for the project's advancement. The staged payment structure allows the company to manage cash flow effectively while securing full ownership of a valuable exploration asset. The retention of the NSR royalty by TCE provides ongoing interest in the project's success while allowing Latin Metals the flexibility to repurchase portions of this royalty in the future.

The significance of this acquisition extends beyond immediate ownership benefits, positioning Latin Metals to potentially attract additional partnership opportunities with major mining companies seeking exposure to promising silver-gold assets in established mining jurisdictions. The company's expanded control over the Cerro Bayo project enhances its ability to execute comprehensive exploration programs and potentially accelerate the path to resource definition and development. This strategic move aligns with Latin Metals' broader objective of building a diversified portfolio of high-quality mineral assets while maintaining a capital-efficient business model through strategic partnerships and targeted acquisitions.