Latin Metals Inc. has executed a data purchase agreement with Vale Exploration Peru S.A.C., a wholly owned subsidiary of Vale Canada Limited. Under the terms, Vale delivered a comprehensive package of exploration data covering Latin Metals’ 100%-owned Para copper project in Peru.
As consideration for this valuable exploration data, Latin Metals granted Vale a time-limited Right of First Offer (ROFO). This ROFO will become valid upon the completion of a prefeasibility study for the Para project and will expire in 2035.
This agreement provides Latin Metals with invaluable technical insights, accelerating its exploration timeline and enabling more targeted, cost-effective advancement of the project. For Vale, it secures a strategic option for potential future copper resource acquisition, aligning with its focus on energy transition metals, without requiring immediate investment in the early exploration stages.
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