Business
Mirasol Completes the Sale of the Sascha-Marcelina Projects in Argentina for US$1.5 Million Plus Royalty
Pursuit Minerals acquires the Sascha-Marcelina Projects for a total consideration of ~US$1.5 mill...
About this update from Mirasol Resources Ltd
[{"type":"text","content":"Mirasol Completes the Sale of the Sascha-Marcelina Projects in Argentina for US$1.5 Million Plus Royalty\n\n\n\n\n\n\n Pursuit Minerals acquires the Sascha-Marcelina Projects for a total consideration of ~US$1.5 million\n \n\n\n\n\n\n Mirasol retains a 1.5% NSR royalty. Following the commencement of commercial production, Pursuit Minerals may buy back the first 0.75% within two years for US$1.5 million, and the remaining 0.75% within three years for an additional US$4 million\n \n\n\n\n\n\n Repayment of CAD$2M towards outstanding shareholder loan\n \n\n\n\n\n VANCOUVER, British Columbia, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Mirasol Resources Ltd. (TSX-V:\n \n MRZ\n \n ) (OTC:\n \n MRZLF\n \n ) (the “\n \n Company\n \n ” or “\n \n Mirasol\n \n ”) is pleased to report it has completed the sale of Mirasol`s 100% owned Sascha Project (\n \n “Sascha”)\n \n located in Santa Cruz province, Argentina to Andara Mining Pty Ltd (“\n \n Andara Mining\n \n ”), a subsidiary of Pursuit Minerals Ltd. (ASX: PUR) (“\n \n Pursuit Minerals\n \n ”). The Company announced the sale on\n \n September 30, 2025\n \n . In connection to the sale, Mirasol has also assigned its Option to Purchase Agreement on the Marcelina Project (\n \n “Marcelina”\n \n ) to Andara Mining. Under the Option to Purchase Agreement, Mirasol has the right to acquire an undivided 100% interest in three mineral concessions comprising the Marcelina Project. Sascha and Marcelina are together referred to as the Sascha-Marcelina Projects (\n \n “Sascha-Marcelina”\n \n ).\n \n\n “The US$1.5 million payment immediately strengthens our financial position as we advance our exploration programs while the retained royalty ensures we remain positioned to benefit from future success at Sascha-Marcelina,” Mirasol’s President Tim Heenan stated. “The sale of our Sascha-Marcelina Projects reflects our strategy to monetize our underappreciated non-core assets in our portfolio of projects in Argentina and Chile\n \n .”\n \n\n\n\n\n Repayment of Shareholder Loan\n \n\n\n\n Today the Company also announced that the proceeds from the sale of Sascha-Marcelina were applied to a repayment of CAD$2M towards the outstanding shareholder loan previously announced (news release\n \...