Halcones Precious Metals Announces Commencement of Legal Process to Secure Surface Access to Polaris Project, Chile

About this update from Halcones Precious Metals Corp

[{"type":"text","content":"Halcones Precious Metals Announces Commencement of Legal Process to Secure Surface Access to Polaris Project, Chile\n\n\n\n TORONTO, Oct. 30, 2025 (GLOBE NEWSWIRE) --\n \n Halcones Precious Metals Corp.\n \n (TSX – V: HPM) (the “Company” or “Halcones”) submitted the required documentation to the civil court of Taltal Chile to initiate the well-established process available to mining companies in Chile to be granted the required surface access to diamond drill the Polaris Project (the “Project” or “Polaris”). The Company has diligently attempted to negotiate a surface access agreement with the surface rights holders for approximately nine months without success. Under Chilean law, similar to many jurisdictions including Canada, mineral rights which are owned by the state have precedence over surface rights and there is a well-established process that will be followed to achieve access and arrange compensation for the surface rights holder. While this is not the preferred route, given the stalemate in negotiations, the Company has taken the decision to pursue the court process to establish the required access. The Company will continue to seek a negotiated agreement with the surface rights holders while the legal process proceeds. The process in Chile generally takes several months but temporary access may be granted in as little as one month for certain activities.\n \n\n\n Jaime de Orbegoso, Halcones’ external Chilean legal counsel, states “On October 23, 2025, Minera Los Halcones\n \n\n Chile\n \n\n executed\n \n\n an\n \n\n amendment\n \n\n to\n \n\n the\n \n\n option\n \n\n agreement\n \n\n for\n \n\n the\n \n\n purpose\n \n\n of\n \n\n extending\n \n\n the\n \n\n term\n \n\n to comply with the work commitment on the properties until October 23, 2026. In line with the foregoing, and as a result of not having reached an agreement with the surface landowner, the Company’s board of directors has resolved to initiate the legal process before the courts of justice of Chile to obtain the necessary\n \n\n easements\n \n\n to\n \n\n carry\n \n\n out\n \n\n the\n \n\n planned\n \n\n exploration\n \n\n work.\n \n\n The\n \n\n Chilean\n \n\n law\n \n\n guarantees\n \n\n the\n \n\n titleholder of mining concessions to exercise its rights over and above th...

More updates from Halcones Precious Metals Corp