Peruvian Metals Announces the 10-Year Renewal of the Use of Surface Rights at the Aguila Norte Processing Plant

The most recent news (March 2, 2026) announces a 10-year renewal of surface rights at the Aguila Norte processing plant. This 80%-owned facility is the company's operational backbone. Key highlights include plans to expand capacity from the current 100 tonnes per day (tpd) to 350 tpd to accommodate mineral from the 100%-owned Palta Dorada project. Additionally, the company identified a new vein near the plant with grab samples averaging 6.24 g/t Au. This follows a $1,000,000 private placement closed on February 25, 2026, and a 6-year community agreement at the Mercedes project.

The 10-year renewal is Routine - Positive because while it is essential for the company's survival, it was an expected administrative milestone for an established operator. However, its impact is significant for three reasons: - Operational Continuity: It removes the existential risk of losing the processing hub, which generated $1.59M in revenue in the first half of 2025. - Expansion Potential: The jump from 100 tpd to 350 tpd represents a potential 250% increase in throughput capacity, aligning with the company's shift toward processing its own high-grade gold/silver material rather than just third-party minerals. - Strategic Synergy: The plant is now legally and operationally positioned to receive sulphide material from Palta Dorada, where recent tests showed 89% gold recovery.

Peruvian Metals Corp. is a Canadian explorer and processor operating in Peru for over 30 years. Its business model combines a revenue-generating processing plant (Aguila Norte) with high-grade exploration assets. - Flagship Project: Aguila Norte Processing Plant (80% interest). It is a flotation plant in Northern Peru currently permitted for 100 tpd, with an IGAC permit allowing for expansion. - Key Exploration Assets: Palta Dorada (100% - Au-Ag-Cu), Mercedes (50% JV - Ag-Au), and Minas Visca (Silver-rich polymetallic).