Cordoba and JCHX Mark 50% Earn-In Completion, Paving the Way for 100% Ownership Transition at Alacran

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[{"type":"text","content":"Cordoba and JCHX Mark 50% Earn-In Completion, Paving the Way for 100% Ownership Transition at Alacran- Bridge Loans Repaid -Vancouver, British Columbia--(Newsfile Corp. - July 3, 2025) - Cordoba Minerals Corp. (TSXV: CDB) (OTCQB: CDBMF) (\"Cordoba\" or the \"Company\") is pleased to announce that CMH Colombia S.A.S. (\"CMH\"), the entity which holds the Alacrán Project in Colombia, has received the final US$20 million installment from JCHX Mining Management Co., Ltd. (\"JCHX\") in accordance with the terms of the framework agreement signed on December 8, 2022 (the \"Initial Framework Agreement\"). Under this agreement, JCHX has now made all payments required to maintain its 50% interest in CMH. Under the Initial Framework Agreement, JCHX committed to acquire and maintain a 50% interest in CMH for total consideration of US$100 million, paid in three installments. The first two installments of US$40 million each were paid on May 8, 2023, and January 4, 2024, respectively, and earned JCHX its 50% interest in CMH. JCHX has now completed the final installment payment of US$20 million, thereby fulfilling its entire US$100 million investment obligation under the Initial Framework Agreement and maintaining a 50% interest in CMH.Cordoba used approximately US$10 million of this final installment payment to repay bridge loans arranged with JCHX affiliates in December 2024 to support the Alacrán Project while awaiting Environmental Impact Assessment approval. On May 8, 2025, the Company announced that it had entered into a new definitive agreement to sell its remaining 50% interest in the Alacrán Project, along with other assets (the \"Transaction\"), through the sale of its wholly owned Colombian subsidiaries, Minerales Cordoba S.A.S. and Exploradora Cordoba S.A.S. These subsidiaries collectively hold 50% of the shares of CMH, which owns the Alacrán Project. Upon completion of the Transaction, Veritas Resources AG (\"Veritas\") will own 100% of the Alacrán Project. Veritas is currently an indirect wholly owned subsidiary of JCHX. The Transaction remains subject to the approval of the TSX Venture Exchange and other customary closing conditions. For additional details, please refer to the Company's news release dated May 8, 2025. \"The completion of this final installment by JCHX is a major milestone for both compani...

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