Business
Mirasol Signs Agreement for the Sale of the Nord Projects in Chile for US$2.5 Million Plus Royalty
Eco Earth to acquire the Nord East and Nord West Projects for a total combined consideration of ~...
About this update from Mirasol Resources Ltd
[{"type":"text","content":"Mirasol Signs Agreement for the Sale of the Nord Projects in Chile for US$2.5 Million Plus Royalty\n\n\n\n\n\n\n Eco Earth to acquire the Nord East and Nord West Projects for a total combined consideration of ~US$2.5 million over 4 years of scheduled payments\n \n\n\n\n\n\n Mirasol will retain a 2% NSR royalty on Nord East, Eco Earth will have the right to purchase the first 1% for US$3.0 million, and the remaining 1% for an additional US$6.0 million\n \n\n\n\n\n\n Mirasol will retain a 1% NSR royalty on Nord West, Eco Earth will have the right to purchase back for US$1.0 million\n \n\n\n\n\n\n VANCOUVER, British Columbia, July 15, 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 the signing of Option to Purchase Agreements (“\n \n Agreement\n \n ”) under which Mirasol grants Pampa Camarones SpA (BCS: CAMARONEX), through its affiliate Eco Earth Elements SpA, (“\n \n Eco Earth\n \n ”) an exclusive right to acquire the mineral rights within Mirasol`s 100% owned Nord East and Nord West Projects (\n \n “Nord East”\n \n ,\n \n “Nord West”\n \n or the “\n \n Nord\n \n\n Projects\n \n ”) located in Region II of Chile. The Nord East and West Projects are directly adjacent to Pampa Camarones´ Ciclón-Exploradora development project, which is advancing to production, and will serve as key properties for the development of essential infrastructure, while also increasing potential resources and adding exploration upside.\n \n\n “The sale of our Nord Projects is another step in our ongoing business development initiatives to unlock value from our non-core assets in our portfolio of projects in Argentina and Chile,” Mirasol’s President Tim Heenan stated. “The payments of US$2.5 million over the next four years will contribute to our ongoing exploration and the remaining royalty will ensure we participate in any success at Nord\n \n .”\n \n\n\n\n\n Terms of the Nord Projects Agreement\n \n\n\n\n Under the terms of the Agreement, Mirasol shall grant Eco Earth the rights to acquire the Nord East and Nord West for total consideration of US$2,556,536, comprising: US$2,044,986 for the sale ...