Camino and Nittetsu Complete Acquisition of Permitted Puquios Copper Project in Chile

About this update from Camino Minerals Corporation

[{"type":"text","content":"Camino and Nittetsu Complete Acquisition of Permitted Puquios Copper Project in ChileVANCOUVER, BC / ACCESS Newswire / April 17, 2025 / Camino Minerals Corporation (TSXV:COR)(OTC PINK:CAMZF) ( \"Camino\" or the \"Company\" ) is pleased to announce the completion of its previously announced 1 acquisition (the \" Acquisition \") of all of the issued and outstanding shares of Cuprum Resources Chile SpA (\" Cuprum \"), which owns the construction-ready Puquios copper project located in Chile (the \" Puquios Project \").\"Camino is building a copper production platform, and Puquios is the right sized, long life, copper asset with primary permits in place to be the next copper mine in the world's largest copper jurisdiction 2 , Chile. The recent PFS demonstrates a project with an after-tax internal rate of return of 23.4% and a low capital cost of US$142M (see the Company's news release of March 17, 2025). Our next steps are to market our business plan to global capital markets to earn a re-rating as a near-term new copper producer in the sector. We are pleased that our 50% JV partner at Puquios, Nittetsu Mining, will provide 50% of the equity capital required for the project, and has the direct experience to lead the construction and operation of Puquios\" said Jay Chmelauskas, President and Chief Executive Officer of Camino.\"As we turn our attention to financing of Puquios, I would also like to announce the appointment of Chris Adams, as the incoming Chairman of Camino. Chris brings decades of mine financing experience to Camino. Combined with the knowledge and experience of incoming Denham Capital nominee board members, Carl Tricoli, Herculus Jacobs, and Ziad Saliba, we have an experienced management team to progress Puquios to construction in the near term\". said Jay Chmelauskas, President and Chief Executive Officer of Camino.Mita Shinichiro, General Manager of Nittetsu Mining Co., Ltd. said, \"The Puquios copper acquisition will be the third copper mine in Chile that Nittetsu and I have directly been involved with building. We have an established office in the La Serena region, where Puquios is located, and where Nittetsu is currently building the Arqueros mine, our second copper mine in Chile. As partners in the construction and operation of the Puquios copper mine, we are pleased to continue and expand our collaboration with...

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