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Latin Metals Announces Execution of Arrangement Agreement for Spin-Out of Para and Auquis Copper Projects
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About this update from Latin Metals Inc
[{"type":"text","content":"Latin Metals Announces Execution of Arrangement Agreement for Spin-Out of Para and Auquis Copper Projects\n\n\n\n\n\n Not for distribution to United States newswire services or for release, publication, distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States.\n \n\n\n\n VANCOUVER, British Columbia, Dec. 09, 2025 (GLOBE NEWSWIRE) --\n \n Latin Metals Inc. (\"Latin Metals\" or the \"Company\") - (TSXV: LMS, OTCQB: LMSQF)\n \n is pleased to announce that, further to the Company's news release dated October 24, 2025, the Company has entered into an arrangement agreement dated December 8, 2025 (the \"\n \n Arrangement Agreement\n \n \") with Latin Explore Inc. (\"\n \n Latin Explore\n \n \"), a wholly-owned non-arm's length subsidiary of the Company, pursuant to which the parties intend to complete a spin-out transaction (the \"\n \n Spin-Out\n \n \") of the Company's Para and Auquis Copper Projects located in Peru (the \"\n \n Properties\n \n \").\n \n\n The Spin-Out will provide shareholders of the Company with parallel value-creation opportunities in Latin America. Latin Explore will operate as a self-funded, discovery-driven exploration company, executing on drill-ready projects that can deliver potential near-term discovery. Latin Metals will continue to operate with its proven prospect generator model, advancing early-stage assets through to partner-funded exploration, minimizing or ultimately eliminating shareholder dilution in favour of asset-level dilution and industry-leading exploration partnerships.\n \n\n \"Latin Explore unlocks an entirely new category of opportunities for Latin Metals shareholders, who will now gain exposure to new acquisition opportunities within the spin-out, as well as early drill testing of foundational assets like Para,\" stated Keith Henderson, CEO of Latin Metals. \"Latin Metals will continue to operate under its prospect generator model, and we look forward to delivering drill catalysts—including at Cerro Bayo in early 2026. As shareholders of the new vehicle, Latin Explore, investors will benefit from direct exposure to drill projects and acquisition opportunities as we grow and advance this parallel operating strategy.\"\n \n\n\n Arrangement Details\n \n\n\n The Spin-Out will be completed by way of a statutory plan of arrangement un...