Camino Receives Environmental Approval for Significant Exploration Expansion at the Costa de Cobre Copper Project in Peru

Camino Minerals Corporation (COR) announced that its Peruvian subsidiary has received approval from the Ministry of Energy and Mines (MINEM) for the Second Modification of the Semi-Detailed Environmental Impact Assessment (Second MEIA-sd) for the Costa de Cobre Project. This regulatory approval expands the effective exploration area by approximately 94%, increasing the total from 6,012.50 to 11,671.90 hectares.

The expansion significantly boosts the project's drilling capacity, which now totals 611,840 metres across 280 drill platforms. This represents an addition of 212,500 metres of new capacity and 1,282 potential drillholes. The newly included area covers major copper fault trends, including Diva, La Estancia, and Atajo, as well as targets such as Sombrero Blanco. However, regulatory authorization to initiate exploration activities is still required before drilling can commence in these new areas.

In corporate developments, the company entered a 12-month, $58,000 investor relations agreement with Market One Media Group. Additionally, CEO Jay Chmelauskas noted that ongoing discussions are underway for a Japanese debt facility to fund the construction of the Puquios copper mine in Chile. Drilling at Costa de Cobre is planned to start this fall, subject to receiving the requisite authorizations.

Camino Minerals Corporation (COR) has secured environmental approval, a standard regulatory step in the exploration lifecycle that does not constitute a discovery, resource update, or revenue catalyst. While the expanded footprint increases geological upside, the company still requires explicit authorization from MINEM to begin drilling. No new drill results or capital deployment are triggered by this release.

The news aligns with previous guidance regarding exploration expansion and does not alter the company's immediate cash burn or financing requirements. Given the stock's downtrend and the company's pre-revenue status, this incremental regulatory progress is unlikely to reverse the current price action without accompanying drilling results or debt/equity financing.

Camino Minerals Corporation (COR) is a pre-revenue exploration and development company focused on copper projects in Peru and Chile. Its flagship asset is the Puquios Copper Project in Chile, a 50/50 joint venture with Nittetsu Mining. The project is construction-ready, with permits secured and a target for construction commencement in H2 2026. First production is targeted for 2028.

The company’s second flagship project is the Costa de Cobre Copper Project in Peru, a 65/35 joint venture with Nittetsu Mining. Focus is on district-scale exploration and resource delineation along the Diva, La Estancia, and Atajo fault systems. Additional assets include the Maria Cecilia copper porphyry and the early-stage Cu-Ag Plata Dorada project in Peru.