August 2026
New Frontier Trade & Minerals Inc. (OTCID: NFTM) is pleased to confirm that, following the recent restoration of the Company's public quotation and the completion of its outstanding corporate reporting requirements, management is now in a position to actively progress its previously executed Letter of Intent ("LOI") with Chaparra Minerals & Agro S.A. in Peru.
The LOI was entered into as part of the Company's long-term strategy to establish a meaningful operational presence within Peru's mining and mineral processing sector. It provides a framework for the parties to work together in evaluating and progressing mineral processing and associated mining opportunities within the country.
Chaparra Minerals & Agro S.A. operates a mineral processing facility in Chala, southern Peru, and is actively involved in the development of mining and mineral processing projects throughout the region. The Company is pleased to report that the final stages of Chaparra's upgrade to a 300 tonnes per day processing facility are now nearing completion. Management is optimistic that the upgraded plant will be fully operational before the end of the year, including the commencement of copper concentrate production, representing an important milestone in the Company's long-term operational strategy.
Over recent months, management's primary focus has been the successful completion of the Company's corporate restructuring, restoration of its public quotation and the updating of its corporate reporting. With those objectives now substantially achieved, management is increasingly turning its attention towards operational execution.
The previously executed Chaparra LOI represents an important milestone in that transition. The Company now intends to work closely with Chaparra Minerals to progress the relationship and determine the appropriate next steps towards implementation of the objectives outlined within the agreement.
The Company believes that building strategic relationships with established local operators will form an important part of its long-term growth strategy and looks forward to providing shareholders with further updates as material developments occur.
Corporate Name
The Company currently remains quoted on OTC Markets under its existing corporate name, The NFT Marketplace Inc. The proposed corporate name change to New Frontier Trade & Minerals Inc. is currently being progressed, with the necessary documentation being prepared prior to submission to FINRA.
Forward-Looking Statements
This update contains forward-looking statements concerning the Company's plans, objectives and future activities. These statements are based upon current expectations and involve known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements except as required by applicable law.
Investor Relations
The NFT
Marketplace Inc.
OTC Markets: NFTM
Email: pr@nftminerals.com