Business
Pampa Metals and Rugby Resources Complete Arrangement Transaction
July 25, 2025 – TheNewswire - Vancouver, British Columbia. Pampa Metals Corporation (“Pampa Metals”) (CSE:PM / FSE:FIR / OTCQB:PMMCF) and Rugby Resources Ltd. (
About this update from Andina Copper Corporation.
[{"type":"text","content":"July 25, 2025 – TheNewswire - Vancouver, British Columbia. Pampa Metals Corporation (“Pampa Metals”) (CSE:PM / FSE:FIR / OTCQB:PMMCF) and Rugby Resources Ltd. (“Rugby”) (TSXV:RUG) are pleased to announce completion of the acquisition of all the issued and outstanding common shares of Rugby (the “Rugby Shares”) by Pampa Metals (refer April 22, 2025 News Release). Under the terms of the court approved arrangement (the “Arrangement”), 65,165,185 common shares of Pampa Metals (the “Pampa Shares”) are being issued in connection with closing to former Rugby shareholders on the basis of one Pampa Share for every 6.4 Rugby Shares. In connection with the Arrangement, Bryce Roxburgh, outgoing President and CEO, of Rugby has been appointed to the board of directors of Pampa Metals and will also remain a director of Rugby. Arrangement Highlights: Creation of a Leading South American focused copper explorer holding two significant discoveries along the world’s premier copper producing belt, and a compelling undrilled copper-gold target proximate to Marimaca Copper’s (TSXV:MARI) Pampa Medina sulphide discovery (refer 3 July 2025 News Release). Focused strategy to create substantial shareholder value through: Rapid exploration and advancement of the flagship Piuquenes copper-gold porphyry project in San Juan, Argentina, Recommencing drilling at Rugby’s Cobrasco copper-moly porphyry discovery in Chocó, Colombia, Initial assessment of the Mantau copper-gold prospect in Antofagasta, Chile. Pursuing a dual listing on the Australian Stock Exchange and the TSX Venture Exchange. Joseph van den Elsen, Pampa Metals President and CEO commented: “This is an exciting time to be a Pampa Metals shareholder. This year we have significantly expanded the footprint of the Piuquenes Central porphyry system and the recent discovery of a second Cu-Au mineralized porphyry-breccia system at Piuquenes East confirms the project is host to multiple mineralized porphyry systems. Securing the Cobrasco and Mantau projects via the acquisition of Rugby has added an exciting pipeline of high-quality, advanced stage South American copper exploration projects to our portfolio. Rugby has already demonstrated Cobrasco to be an exceptional exploration opportunity based on the potential size and grade of the porphyry system. Bryc...