Northwire Canada EditionFriday, July 31, 2026
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M&A / Property

EagleOne Metals Corp. Announces Letter of Intent to Acquire Surupampa Metals Corp.

EAGL · Price

Executive Summary

  • EagleOne Metals Corp. entered a non‑binding LOI to acquire 100 % of Surupampa Metals Corp. (Target) via a share exchange, issuing 18,750,000 EagleOne common shares to Target shareholders.
  • The acquisition will give EagleOne indirect ownership of the Surupampa I mining concession in Peru, subject to an option agreement and staged cash/share payments totaling US $1,050,000.
  • Completion is contingent on due diligence, regulatory approvals (including CSE acceptance), and execution of a definitive share‑exchange agreement.

Key Details

  • Transaction Structure: Share exchange – EagleOne will issue 18,750,000 common shares to acquire all Target shares.
  • Consideration Schedule (per Option Agreement):
  • US $100,000 in EagleOne shares upon execution of the Option Agreement (completed).
  • US $100,000 cash by 2026‑01‑28.
  • US $100,000 EagleOne shares by 2026‑02‑28.
  • US $150,000 EagleOne shares by 2026‑05‑28.
  • US $150,000 cash by 2026‑08‑28.
  • US $200,000 EagleOne shares + US $150,000 cash by 2026‑02‑28.
  • US $250,000 EagleOne shares + US $200,000 cash by 2026‑08‑28.
  • Target Asset: Interest in an option agreement to acquire 100 % of the Surupampa I mining concession (Peru) – prospective gold‑silver‑copper vein system (Giuliana & Anita veins).
  • Exploration Plan: Post‑closing, EagleOne will conduct detailed geological mapping, sampling, surveying, and drill program design to test depth and strike extension of the Giuliana vein. Additional property details to be released later.
  • Conditions to Closing: Execution of definitive share‑exchange agreement, satisfactory due diligence, corporate/regulatory/third‑party approvals (including CSE acceptance), and shareholder approval if required.
  • Strategic Services Agreement: EagleOne engaged Fairfax Partners Inc. for investor‑relations and digital‑marketing services – CAD $5,000 monthly fee plus up to CAD $500,000 annual marketing budget.

Notable Quotes

“The Surupampa I concession represents a compelling opportunity to expand our portfolio with a high‑grade, structurally controlled target in a world‑class mining district,” – Matthew Markin, President & CEO, EagleOne Metals Corp.

Read the original news release →

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