Latin Metals Inc. (TSX.V: LMS) (OTCQB: LMSQF) 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. This strategic move grants Latin Metals 100% ownership of the Cerro Bayo silver-gold exploration asset, which is fully permitted and ready for drilling. 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 can be repurchased by Latin Metals.
The acquisition underscores Latin Metals' commitment to expanding its exploration portfolio in mineral-rich regions. The Cerro Bayo project represents a significant addition to the company's assets, offering potential for substantial silver and gold discoveries. This development is particularly noteworthy for investors and stakeholders in the mining sector, as it highlights Latin Metals' ability to secure and advance high-value projects through strategic partnerships and agreements.
For further details on the acquisition, visit https://ibn.fm/Io8zX.
