El Quemado Project

In Q1 2023, Latin Metals entered into a definitive agreement for the sale of 100% owned El Quemado Project, for total consideration of $900,000. Latin Metals will retain a 2% net smelter returns royalty on the Project.

The property was mined sporadically between 1943 and 1981. This small-scale mining was focused on tantalum, niobium and bismuth production. With the world-focus on battery metals, the lithium potential is of most interest. Latin Metals completed surface exploration, mapping and sampling from 2016 through to 2017, identifying a number of lithium-bearing areas.