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Mirasol Signs Agreement for the Sale of the Sascha-Marcelina Projects in Argentina for US$1.5 Million Plus Royalty
Pursuit Minerals to acquire the Sascha-Marcelina Projects for a total consideration of ~US$1.5 mi...
About this update from Mirasol Resources Ltd
[{"type":"text","content":"Mirasol Signs Agreement for 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 to acquire the Sascha-Marcelina Projects for a total consideration of ~US$1.5 million\n \n\n\n\n\n\n Mirasol will retain a 1.5% NSR royalty. Pursuit 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 VANCOUVER, British Columbia, Sept. 30, 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 binding heads of agreement (“\n \n Agreement\n \n ”) under which Mirasol grants Andara Mining Pty Ltd (“\n \n Andara Mining\n \n ”) an exclusive right to acquire the mineral rights within Mirasol`s 100% owned Sascha Project located in Santa Cruz province, Argentina (\n \n “Sascha”\n \n ). Mirasol has also agreed to assign to Andara Mining its Option to Purchase Agreement on the Marcelina Project (\n \n “Marcelina”\n \n ). Sascha and Marcelina are together referred to as the Sascha-Marcelina Projects (\n \n “Sascha-Marcelina”\n \n ). Under the Option to Purchase Agreement, Mirasol has the right to acquire an undivided 100% interest in three mineral concessions comprising the Marcelina Project.\n \n\n Pursuit Minerals Ltd (ASX: PUR) (“\n \n Pursuit Minerals\n \n ”) has announced that it has entered into a binding agreement to acquire 100% of the issued share capital of Andara Mining Pty Ltd (ACN 689 558 932).\n \n\n “The sale of our Sascha-Marcelina Projects demonstrates our continued focus to unlock value from our underappreciated non-core assets in our portfolio of projects in Argentina and Chile,” Mirasol’s President Tim Heenan stated. “The payment of US$1.5 million will strengthen our balance sheet and contribute to our exploration plans while the remaining royalty will ensure we participate in future success at Sascha-Marcelina\n \n .”\n \n\n\n\n\n Terms of the Sascha-Marcelina Projects Agreement\n \n\n\n\n Under the terms of the Agreement, Mirasol shall grant Andara Mining the rights to acquire Sascha and assign the optio...