# Latin Metals Announces Plan to Spin-Out Peruvian Copper Assets *2025-10-24T07:45:00-04:00* Latin Metals Announces Plan to Spin-Out Peruvian Copper Assets VANCOUVER, British Columbia, Oct. 24, 2025 (GLOBE NEWSWIRE) -- **Latin Metals Inc. ("Latin Metals" or the "Company") - (TSXV: LMS, OTCQB: LMSQF) **announces the Company has initiated plans to spin-out (the " **Spin-Out **") certain of its 100% owned Peruvian exploration projects (the " **Spin-Out Assets **") into a newly incorporated subsidiary of Latin Metals (" **Latin Explore **"). Upon completion of the Spin-Out, Latin Explore will initially be owned by Latin Metals, its shareholders, and investors participating in a concurrent private placement to fund the launch of Latin Explore. Latin Metals intends to complete the Spin-Out by way of a Plan of Arrangement (" **POA **") and apply to list the common shares of Latin Explore on the TSX Venture Exchange (" **TSXV **"). Full details, including share exchange ratios, capitalization, and listing timeline, will be provided in the POA that will be described once finalized in a subsequent news release and in a management information circular to be distributed to shareholders. It is currently anticipated that the record date for Latin Metals shareholders to receive shares in Latin Explore pursuant to the Spin-Out will be January 9, 2026, with completion of the Spin-Out targeted for Q1 2026, subject to shareholder, court, and TSXV approval. The strategy behind the Spin-Out is to run parallel value-creation opportunities in Latin America: - **Latin Metals **will continue to operate with its proven prospect generator model, advancing early-stage assets through to partner-funded exploration, minimizing or ultimately eliminating shareholder dilution in favour of asset-level dilution and industry-leading exploration partnerships. Shareholders enjoy exposure to multiple drill projects and discovery opportunities, without the associated shareholder dilution. - **Latin Explore **will operate as a self-funded, discovery-driven exploration company, executing on drill-ready projects that can deliver potential near-term discovery. Latin Explore will initially focus on drill testing of the Para Copper Project, but will seek to acquire additional high-potential, advanced, drill-ready and permitted projects in Peru and elsewhere in South America. Latin Explore’s mandate will be to drill, test targets, and create value through discovery. > "Shareholders of Latin Metals understand that their investment is centered on partner-funded growth and reduced shareholder dilution, creating multiple opportunities for exploration success; but some projects require a different approach," Keith Henderson, Latin Metals’ President and CEO commented. "With the creation of Latin Explore, Latin Metals shareholders will have parallel exposure to a self-funded, drill-focused exploration company." Mr. Henderson continued, "Latin Metals is continually exposed to quality acquisition opportunities that are simply not a good fit for a company operating as a prospect generator. The creation of Latin Explore allows Latin Metals’ shareholders to participate in such opportunities without negatively impacting the share structure of Latin Metals." > Latin Metals has established a special committee of independent directors to evaluate the proposed Spin-Out and to, _inter alia _, consider whether the Spin-Out is fair to Latin Metals shareholders and in the best interests of the Company. Latin Metals expects to have some overlap with Latin Explore regarding directors and management, but new appointments to board and management, including CEO, are expected to be made and announced in conjunction with the closing of the Spin-Out. Latin Explore and Latin Metals will have separate sources of funding and independent operations. Shareholders are cautioned that the final details of the Spin-Out are still to be determined and there is no certainty that the Spin-Out will be completed on the terms currently proposed or at all. **_About the Peruvian Exploration Projects _** The Company intends to include its 100%-owned Para Copper Project (" **Para **" or the " **Para Project **") and Auquis Copper Project (" **Auquis **" or the " **Auquis Project **") in the proposed Spin-Out. Both projects are located in Peru. [_Para Copper Project _](https://www.globenewswire.com/Tracker?data=RNfOtqgeaXx0FMskF7l-h1OufDUoAh7rVUDXd5bsoRAHNED4TVkzSbXGcZmFjTKrTmPMvKWOBEX0d1GTKP15SLiwlRZ7_KGilBGrR2yKFgbCl10gK0eYILm3z1oRhvCO4yE2Lb8rdnpd_qZ-5l3AeQ==) Latin Metals acquired the Para project through staking in 2023 and expanded it in 2025 through acquisition of additional property. The Company initially completed systematic geochemical sampling and interpretation, confirming the presence of multiple porphyry-style targets. Latin Metals subsequently purchased historical exploration data from Vale Exploration Peru S.A.C., a wholly owned subsidiary of Vale Canada Limited (" **Vale **") (see previo