sur Camino Minerals Corp. (CVE:COR)
Camino Minerals Advances Puquios Copper Project with Waste Dump Expansion Approval
Camino Minerals Corporation has received approval from Chile's Environmental Assessment Service to expand the waste dump at its Puquios Copper Project. This decision extends the project's lifespan to 15 years. No separate Environmental Impact Assessment is needed for the changes, facilitating Camino’s collaboration with Nittetsu Mining to secure financing for the copper mine.
Camino-Nittetsu JVCO, owned equally by the two companies, will start payments to Santiago Metals for the acquisition of Puquios. These payments are deferred to March 1, 2026, in exchange for an additional CAD$750,000. This move aids Camino's strategic goal to develop copper outputs amidst rising copper prices.
In conjunction, Camino plans to issue stock options and Finder Shares as part of its incentive plans and agreements, aiding its copper project initiatives in Chile and Peru.
R. H.
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