Camino Advances with Puquios Copper Project Acquisition

Camino Minerals Corporation, based in Vancouver, has announced progress on acquiring the Puquios Copper Project in Chile. The company filed an independent technical report detailing the project's promising pre-feasibility study (PFS) results. The project's after-tax net present value stands at US$118 million with an internal rate of return of 23.4% using a set copper price.

The acquisition, involving partners Denham Capital and Nittetsu Mining, is expected to conclude in early April 2025. Camino has obtained primary environmental permits to operate the mine, which will utilize cost-effective heap leach copper production. The company also amended financial disclosures to provide further insight into Cuprum's financials.

Camino encourages shareholders to review meeting materials related to the acquisition and recommends voting in favor of the transaction. The move aligns with Camino's growth strategy, enhancing their copper asset development in Peru and aiming to become a notable copper producer.