Golden Arrow Announces Shareholder Approval of Sale of Copper Assets at San Pietro Project
Golden Arrow secures shareholder approval for a $25 million sale of its Capstone copper asset.
Shareholders of Golden Arrow Resources Corporation approved the proposed sale of the San Pietro copper assets to Capstone Copper Corp. at the meeting held on August 21, 2026. The voting results demonstrated overwhelming support, with 98.77% of votes cast in favor of the transaction. The deal is expected to close in the third quarter of 2026, subject to customary conditions. Following the closing, Golden Arrow will redirect its focus and capital toward the Atakama gold project and its Argentine portfolio.
Golden Arrow Resources Corporation (GRG) received approval for a transaction following the definitive agreement announced on June 23, 2026. The market had already priced in the deal, which was supported by 32.49% voting support agreements and a unanimous board recommendation. The $25 million consideration in Capstone shares represents a significant non-dilutive capital injection relative to the company's ~$20 million market cap. The news is expected and incremental; the material financial impact will only materialize upon closing and the subsequent liquidity of the Capstone shares.
Golden Arrow Resources Corporation (GRG) is a mining exploration company focused on precious and base metals in South America. Its flagship asset is the San Pietro Project in Chile’s Atacama region, which spans over 21,000 hectares. The project has been strategically split: copper-focused Rincones and Colla deposits are being sold to Capstone, while over 9,000 hectares of high-potential gold targets, rebranded as the Atakama Gold Project, are retained.
The company also holds a 1.5% NSR royalty on Mogotes Metals' Filo Sur project in Argentina and manages a portfolio of early-stage Argentine properties. Management is backed by the Grosso Group, with a track record in South American discoveries and capital markets.