Peruvian Metals Provides Update on the Minas Visca Silver Project in Northern Peru and Announces Financing

The most recent news release (January 29, 2026) provides a dual-track update: a project-level focus on the Minas Visca Silver Project and a corporate-level financing announcement. The company is advancing Minas Visca, an exploration-stage polymetallic project in Northern Peru, highlighting its synergy with the company’s 80%-owned Aguila Norte processing plant. Crucially, the CEO notes that the current silver price environment (cited at over $100 USD/oz in the release) drastically improves the economics of historical stockpiles and underground mineralization. To fund this and general operations, the company announced a non-brokered private placement of 10,000,000 units at $0.10 CAD to raise $1,000,000. Each unit includes a common share and a two-year warrant exercisable at $0.20 CAD.

• Financial Solvency: The $1M CAD financing is highly material. As of the September 30, 2025, interim financials, the company held only $172,278 in cash against $604,274 in current liabilities. This financing provides a necessary liquidity bridge to maintain operations and fund the exploration/bulk sampling at Minas Visca.
• Project Economics: The Minas Visca project, previously acquisition-cost-heavy or stalled, becomes a primary focus. If metal prices remain near the levels cited in the news, the company’s model of processing high-grade material through its own plant (Aguila Norte) transitions from a marginal "toll-milling" business to a high-margin production model.
• Valuation: The financing at $0.10 is a massive premium to the $0.02 levels seen for most of 2025, suggesting a significant shift in market perception or an internal valuation reset based on current metal prices.
• Strategic Alignment: The integration of Minas Visca, Palta Dorada, and Mercedes into a central processing hub (Aguila Norte) demonstrates a maturing "hub-and-spoke" operational strategy.

Peruvian Metals Corp. is a Canadian exploration and processing company. Its primary revenue generator is the 80%-owned Aguila Norte Processing Plant in Northern Peru, which provides flotation services to small-scale miners. - Flagship Project: The focus has shifted between Palta Dorada (Au-Ag-Cu) and now Minas Visca (Ag-rich polymetallic). The real flagship, however, is the Aguila Norte plant, which provides the infrastructure required to monetize small-scale, high-grade deposits that would otherwise be stranded. - Business Model: The company aims to identify and acquire high-grade assets at low costs, processing the mineral through its own plant to capture the full value chain.