Northwire Canada EditionSunday, November 1, 2026
Sign inSubscribe
Northwire
⌕
Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
M&A / Property Routine +

Argentina Metals Announces Closing of Acquisition of El Salado and La Quimera Properties in Mendoza, Argentina

By The Northwire Desk — AI Analysis Jun 30, 2026 · 08:01 VLLC · 0.305 Argentina Metals Corp.
VLLC · Price

Executive Summary

  • Argentina Metals Corp. (VLLC) has received final regulatory approval from the Mendoza Mining Ministry to transfer and register 100% interest in the El Salado and La Quimera copper exploration properties (9,980 hectares) to its wholly-owned subsidiary, Argentina Metals S.A.S.
  • The transaction is now fully closed, with the Company making the final cash payment and issuing shares to the vendors, completing the acquisition process initiated in March 2026.
  • The acquisition significantly expands VLLC's land position in Mendoza, Argentina, adding scale to its emerging copper exploration portfolio.

Key Details

  • Assets Acquired: 100% interest in the El Salado and La Quimera properties, comprising 9,980 hectares in Mendoza, Argentina.
  • Regulatory Status: Approved and registered by the Dirección de Minería de la Provincia de Mendoza (Mendoza Mining Ministry).
  • Transaction Consideration:
    • Cash Payment: CAD$195,000 paid to vendors.
    • Vendor Shares: 450,000 common shares of VLLC issued to vendors.
    • Finder’s Shares: 225,000 common shares issued to an arm's length finder as a fee.
  • Share Pricing and Valuation:
    • Finder's fee valued at CAD$54,000 based on a per-share price of CAD$0.24.
  • Trading Restrictions:
    • Vendors' Shares: Subject to a statutory hold period of four months and one day, plus contractual restrictions until February 25, 2027.
    • Finder's Shares: Subject to contractual restrictions until June 30, 2027, plus a statutory hold period of four months and one day.
  • Post-Transaction Share Count: 72,248,343 common shares issued and outstanding (including the new Vendors' and Finder's shares).
  • Strategic Impact: The properties strengthen VLLC's presence in one of Argentina's most important emerging copper regions, adding significant scale to its existing land position.

Notable Quotes

  • "The approval by the Mendoza Mining Ministry of the transfer of the El Salado and La Quimera properties marks an important milestone for Argentina Metals. This approval completes the acquisition process and secures our 100% interest in these highly prospective copper exploration assets." — Raymond D. Harari, CEO
Read the original news release →