Plata Latina Announces Shareholder Approval for the Acquisition of the Zonia Project and Concurrent Financing

On October 16, 2025, Plata Latina announced it has received shareholder approval for all matters related to its acquisition of the Zonia Copper Project from World Copper Ltd. The approved items include: * The acquisition of the Zonia project. * A concurrent non-brokered private placement of up to 200 million units at C$0.10 per unit. * The issuance of replacement options to certain World Copper option holders. * A corporate name change to "Edge Copper Corporation". * A share consolidation on the basis of up to three pre-consolidation shares for one post-consolidation share.

All resolutions were passed with overwhelming support, with approval rates ranging from 99.21% to 100.00%. The transaction is now subject to final court and TSX Venture Exchange approval, with closing anticipated in late October 2025.

This news is a positive and necessary step, but it is routine in nature as the outcome was fully expected. The market's significant re-rating of Plata Latina occurred when the transformational acquisition was first announced on July 23, 2025.

Progression of Events: * February - April 2025: The company monetized its key royalty asset (Naranjillo NSR) for US$6 million, bolstering its cash position. It also appointed new directors with significant mine development experience (Lance Newman and Rod Pace from Augusta Resource and Copper Mountain). These actions clearly signaled a strategic shift away from being a passive royalty holder. * July 23, 2025: The company announced its complete transformation: acquiring the Zonia Copper Project for $10.5 million in cash and shares, and undertaking a concurrent C$17 million financing at $0.10 per unit. This was the game-changing news, outlining the plan to become a development-focused copper company. * September 24, 2025: The company confirmed it had received an interim court order and mailed the meeting materials, reinforcing that the transaction was proceeding as planned. Crucially, it was disclosed that shareholders representing approximately 43% of outstanding shares had entered into voting support agreements, making the approval announced today a near certainty.

Assessment of Current News: The shareholder approval reported today is the execution of the plan laid out in July and September. It does not introduce new information but rather confirms a critical milestone. It removes a procedural hurdle and de-risks the closing of the transaction. The market had already priced in this approval, as evidenced by the stock trading consistently above the C$0.10 financing price since the deal was announced.

Therefore, the impact is positive as it moves the company closer to its goal, but it is routine and was widely anticipated. The real work of creating value begins after the transaction closes.

Plata Latina Minerals Corporation was a junior exploration and royalty company. Following the closing of this transaction, it will be renamed Edge Copper Corporation and will become a development-stage company focused on its new flagship asset.

The flagship project is the Zonia Copper Project, located in a prolific mining district in Arizona, USA. It is a past-producing, brownfield oxide porphyry copper deposit. The development plan envisions a conventional open-pit, heap leach, and solvent extraction-electrowinning (SX-EW) operation to produce pure copper cathodes on-site. A key advantage is that the main resource is situated on private and patented land, which is expected to streamline the state-level permitting process.