NetworkNewsBreaks – Eloro Resources Ltd. (TSX.V:
Post# of 151
(Total Views: 48)
Posted On: 07/22/2025 3:59:24 PM
NetworkNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Makes $1.5 Million Option Payment Toward Iska Iska Acquisition
Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) has made a US$1.5 million option payment to Empresa Minera Villegas S.R.L., advancing its acquisition of the Iska Iska silver-tin polymetallic project in southern Bolivia. One final cash payment of US$1.15 million remains, due January 6, 2026. Under amended terms, Eloro’s US$10 million option agreement includes a US$1.8 million credit for exploration work on the nearby Mina Casiterita property. To secure full ownership of Mina Casiterita and Mina Hoyada, Eloro must pay US$1.8 million within 12 months of obtaining mining rights and, pending regulatory approvals, issue 200,000 common shares upon property transfer.
NOTE TO INVESTORS: The latest news and updates relating to ELRRF are available in the company’s newsroom at https://nnw.fm/ELRRF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) has made a US$1.5 million option payment to Empresa Minera Villegas S.R.L., advancing its acquisition of the Iska Iska silver-tin polymetallic project in southern Bolivia. One final cash payment of US$1.15 million remains, due January 6, 2026. Under amended terms, Eloro’s US$10 million option agreement includes a US$1.8 million credit for exploration work on the nearby Mina Casiterita property. To secure full ownership of Mina Casiterita and Mina Hoyada, Eloro must pay US$1.8 million within 12 months of obtaining mining rights and, pending regulatory approvals, issue 200,000 common shares upon property transfer.
NOTE TO INVESTORS: The latest news and updates relating to ELRRF are available in the company’s newsroom at https://nnw.fm/ELRRF
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or republished: http://NNW.fm/Disclaimer
(0)
(0)