Curated News
By: NewsRamp Editorial Staff
June 27, 2025
Latin Metals Secures Full Ownership of Cerro Bayo and La Flora Properties
TLDR
- Latin Metals secures full ownership of Cerro Bayo and La Flora properties, enhancing its portfolio with a drill-ready silver-gold asset in Argentina's Santa Cruz Province.
- Latin Metals amended its agreement to acquire a 29% interest in Cerro Bayo and La Flora, involving staged payments totaling US$400,000 through 2027.
- Latin Metals' acquisition of Cerro Bayo and La Flora properties supports exploration efforts, potentially contributing to local economies and the global supply of precious metals.
- Discover how Latin Metals' strategic acquisition in Argentina positions it as a key player in silver-gold exploration with minimal risk.
Impact - Why it Matters
This news is significant for investors and stakeholders in the mining sector as it highlights Latin Metals' strategic expansion and commitment to exploring high-value mineral assets. The acquisition of the Cerro Bayo and La Flora properties not only enhances Latin Metals' portfolio but also positions the company as a key player in the silver-gold exploration space in Argentina. The deal's structure, with staged payments and a retained royalty, reflects a balanced approach to risk and reward, making it a noteworthy development for those interested in mining investments and the potential for new discoveries in the region.
Summary
Latin Metals (TSX.V: LMS) (OTCQB: LMSQF) has solidified its ownership of the Cerro Bayo and La Flora properties in Argentina's Santa Cruz Province by signing an amended agreement to acquire the remaining 29% interest. This strategic move makes Latin Metals the sole owner of these drill-ready silver-gold exploration assets. The deal 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 underscores Latin Metals' commitment to expanding its portfolio of high-value mineral assets in South America.
Latin Metals Inc. operates under a prospect generator model, focusing on copper, gold, and silver exploration in Peru and Argentina. With 18 projects and partnerships with major mining companies like AngloGold Ashanti and Moxico Resources, Latin Metals is at the forefront of mineral exploration, offering early-stage exposure to lucrative assets. The company's innovative approach minimizes risk while maximizing discovery potential, making it a key player in the mining sector.
For more details on this development, visit the full press release. Learn more about Latin Metals and its projects at https://latin-metals.com/.
Source Statement
This curated news summary relied on content disributed by InvestorBrandNetwork (IBN). Read the original source here, Latin Metals Secures Full Ownership of Cerro Bayo and La Flora Properties
