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Metalero Mining Announces Strategic Move into Bolivia as an Emerging Jurisdiction Open to Foreign Investment and Vast Mineral Potential
Edmonton, Alberta--(Newsfile Corp. - May 6, 2026) - Metalero Mining Corp. (TSXV: MLO) ("Metalero" or the "Company") is pleased to announce it is acquiring multi
About this update from Metalero Mining Corp
[{"type":"text","content":" Edmonton, Alberta--(Newsfile Corp. - May 6, 2026) - Metalero Mining Corp. (TSXV: MLO) (\"Metalero\" or the \"Company\") is pleased to announce it is acquiring multiple mineral concessions in the resource-rich country of Bolivia. Despite Bolivia's long history of mining, the resource potential has yet to be fully realized due to historical government policies detrimental to foreign investment. With a new government, Bolivia is poised to become a key supplier of many critical minerals essential for technology, the energy transition and defense including silver, copper, gold, lithium, tin, antimony and the rare earth elements (REEs). \"We have been investigating new, bold opportunities for Metalero and feel that Bolivia represents such an occasion. As an early mover into this re-emerging jurisdiction we will be taking advantage of a vastly underexplored region with remarkable geology, a new government keen to engage foreign investment, and an in-country network,\" stated Rob L'Heureux, President & CEO of Metalero Mining. \"As this opportunity began to unfold we made several trips to the country to evaluate the geology, understand the legal framework and culture, and to nurture the relationships we have been building for the last 6 months. These site visits have underscored the mineral prospectivity and shown us that Bolivia is a safe and stable destination for Metalero to continue its mandate to explore for precious- and base-metals. We will be releasing news about our first acquisitions very soon while we continue to strengthen our property portfolio.\" WHY BOLIVIA? Bolivia represents one of South America's last untapped frontiers for mineral exploration, offering exceptional geological endowment across two world-class mineral belts. The country shares the same Cordilleran geology as Chile, Argentina, and Peru—hosting proven silver, copper, gold, and lithium deposits—while its Precambrian geology of the Amazon Craton, shared with Brasil, is prospective for high-grade gold, REEs, uranium, and copper-nickel deposits (Figure 1). Figure 1. Map of South America showing two world-class mineral belts (Cordilleran and Amazon Craton) underlying significant portions of Bolivia. The Cordilleran geology runs along the west coast of South America while the Amazon Craton underlies the northern part of the continent. Select silver, cop...