Latin Metals signs LOI with Minsur on option deal for Lacsha copper project in Peru

Reuters2026/08/18 13:02

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Latin Metals signed an LOI with Minsur for an option on the Lacsha copper project in Peru’s Lima Department.
Minsur can earn 75% over six years with USD 2.62 million cash payments, tied to 60,000 meters of funded drilling.
Minsur can buy the remaining 25% for USD 20 million within 180 days, converting Latin Metals’ stake into a 2% NSR royalty.
Minsur can buy back half the royalty for USD 20 million within three years, leaving Latin Metals with a 1% NSR.
If no buyout occurs, the parties would form a 75%-25% joint venture, with Latin Metals able to convert to a 2% NSR.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Latin Metals Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608180900PRIMZONECNPR____9811821) on August 18, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Latin Metals signs LOI with Minsur on option deal for Lacsha copper project in Peru

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