Mirasol Signs Agreement for the Sale of a Portfolio of Copper Projects in Mendoza, Argentina

The most recent news release (January 26, 2026) announces the signing of an agreement to sell a portfolio of fourteen grassroots copper porphyry exploration projects in Mendoza, Argentina, to Argentina Metals Corp. (via Mises Metals S.A.S.). The consideration is US$50,000 in cash and 1.3 million shares of Argentina Metals. The transaction is conditional upon the registration of the property transfer and the public listing of Argentina Metals' shares on a recognized Canadian exchange within one year. The company's CEO stated this sale is another step in monetizing non-core assets.

This transaction is not material to Mirasol's valuation or near-term financial health. The immediate cash component is negligible (US$50,000). The 1.3 million shares in a private company are illiquid and their value is contingent on a future listing and success of Argentina Metals. This sale is consistent with the company's ongoing strategy, evidenced over the past year, of selling non-core assets to generate cash and focus resources on its flagship Sobek project. The financial impact pales in comparison to previous asset sales like Virginia (US$8M), Sascha-Marcelina (US$1.5M), and Nord (US$2.56M). The news is positive as it demonstrates continued execution of the business development strategy and adds a small amount of cash and potential future equity value, but it does not meaningfully alter the company's risk profile or growth trajectory. The primary value driver remains the ongoing drill program at the Sobek project.

Mirasol Resources is a Canadian junior exploration company focused on copper, gold, and silver projects in Chile and Argentina. Its flagship project is the 100%-owned Sobek copper-gold-silver project located in the prolific Vicuña District of Chile, adjacent to major discoveries like Filo del Sol and NGEx's Lunahuasi. The project is at an early exploration stage, with a maiden drill program currently underway at the high-priority 46 South target, which is interpreted as a telescoped epithermal and porphyry system. The company's strategy is to make a discovery at Sobek while monetizing its portfolio of non-core assets.