Business
Chakana Acquires 100% Ownership of La Joya Project from Minera Barrick Peru S.A.
Vancouver, British Columbia--(Newsfile Corp. - April 27, 2026) - Chakana Copper Corp. (TSXV: PERU) (OTCQB: CHKKF) (FSE: 1ZX0) (the "Company" or "Chakana"), is pleased to announce that it has entered into an agreement dated April 24, 2026 to acquire the Libelula concessions from Minera Barrick Peru S.A. (Barrick) that constitutes the majority of the La Joya Project located in Ancash, Peru (the "Acquisition"). Chakana has held the concessions under option from Barrick since July 2018 (see news...
About this update from Barrick Mining Corporation
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - April 27, 2026) - Chakana Copper Corp. (TSXV: PERU) (OTCQB: CHKKF) (FSE: 1ZX0) (the "Company" or "Chakana"), is pleased to announce that it has entered into an agreement dated April 24, 2026 to acquire the Libelula concessions from Minera Barrick Peru S.A. (Barrick) that constitutes the majority of the La Joya Project located in Ancash, Peru (the "Acquisition"). Chakana has held the concessions under option from Barrick since July 2018 (see news release dated July 16, 2018, and October 12, 2021).","length":578,"tagName":"p"},{"type":"text","content":""The acquisition of the Libelula concessions is an exciting milestone for the company. Our exploration to date has demonstrated exceptional exploration potential for copper and precious metals in three separate target areas, with La Joya (HSE) and Mega-Gold being fully permitted for additional drilling. We are also excited to welcome Barrick as a shareholder in the company, joining Gold Fields and EMR Capital," stated President and CEO David Kelley.","length":463,"tagName":"p"},{"type":"text","content":"Consideration to be paid for the Acquisition consists of the issue of 4,130,312 common shares to Barrick, representing 8% of the issued and outstanding common shares in the Company post-issuance. In addition, a 2% Net Smelter Royalty will be registered in favour of Barrick over the concessions.","length":295,"tagName":"p"},{"type":"text","content":"The 4,130,312 common shares to be issued to Barrick will be subject to a 12-month contractual restriction on resale, in addition to a concurrent hold period under applicable securities laws in Canada expiring four months and one day from the date of their issuance. The completion of the Acquisition remains subject to TSX Venture Exchange acceptance.","length":351,"tagName":"p"},{"type":"text","content":"La Joya Project","length":15,"tagName":"p"},{"type":"text","content":"The La Joya project is located in the Ancash Province of Peru within the Cordillera Negra, 35 km south of the world-class Pierina gold mine. The project is part of the Aija-Ticapampa district with several mines and a processing plant operated by Minera Lincuna.","length":261,"tagName":"p"},{"type":"text","content":"The project includes three principal target areas (Figure 1), the result...