VANCOUVER, British Columbia, Oct. 21, 2024 (GLOBE NEWSWIRE) — Latin Metals Inc.
(“Latin Metals” or the “Company”) – (TSXV: LMS) (OTCQB: LMSQF), announces that it has received a key permit to begin exploration activities at the Esperanza project (“Esperanza” or the “Project”).
Keith Henderson, President & CEO of Latin Metals, stated, “Securing this exploration permit is a pivotal moment for the Esperanza project, reaffirming the strong support from local authorities for advancing exploration in the region. With this permit in hand, the project is now positioned to unlock the significant copper-gold potential that Esperanza offers. Our team’s commitment to responsible exploration, including environmental stewardship and meaningful stakeholder engagement, has been critical in reaching this milestone. We’re excited to move forward and deliver value to our shareholders as we define drill targets and progress the project.”
Mr. Alan Davies, CEO of Moxico added, “Receipt of this permit is great news for Moxico as we commence our first phase of exploration work. We look forward to working with the suppliers and service providers in San Juan and to building long-term working relationships in the Province.”
About Esperanza and Huachi
Latin Metals holds an option to acquire a 100% interest in both the Esperanza and Huachi properties.
About Latin Metals
Latin Metals is a mineral exploration company acquiring a diversified portfolio of assets in South America. The Company operates with a Prospect Generator model focusing on the acquisition of prospective exploration properties at minimum cost, completing initial evaluation through cost-effective exploration to establish drill targets, and ultimately securing joint venture partners to fund drilling and advanced exploration. Shareholders gain exposure to the upside of a significant discovery without the dilution associated with funding the highest-risk drill-based exploration.
Qualified Person
Keith J. Henderson, P.Geo., is the Company’s qualified person as defined by NI 43-101 and has reviewed the scientific and technical information that forms the basis for portions of this news release. He has approved the disclosure herein. Mr. Henderson is not independent of the Company, as he is an employee of the Company and holds securities of the Company.
On Behalf of the Board of Directors of
LATIN METALS INC.
“Keith Henderson”
President & CEO
For further information, please contact:
Keith Henderson
Suite 890 – 999 West Hastings Street,
Vancouver, BC, V6C 2W2
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding the negotiation of the Definitive Agreement and exercise of the Option for the Property, the anticipated content, commencement, timing and cost of exploration programs in respect of the Property and otherwise, anticipated exploration program results from exploration activities, and the Company’s expectation that it will be able to enter into agreements to acquire interests in additional mineral properties, the discovery and delineation of mineral deposits/resources/reserves on the Properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward looking information can be identified by words such as “pro forma”, “plans”, “expects”, “may”, “should”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, “potential” or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, market fundamentals will result in sustained precious and base metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future development of the Company’s Argentine projects in a timely manner, the availability of financing on suitable terms for the development, construction and continued operation of the Company projects, and the Company’s ability to comply with environmental, health and safety laws.
Readers are cautioned not to place undue reliance on forward looking statements. Except as otherwise required by law, the Company undertakes no obligation to update any of the forward-looking information in this news release or incorporated by reference herein.
