Palamina Corp.

Palamina Corp. has signed a Share Purchase Agreement to acquire 100% of the shares of Sociedad Minera Vicus Exploraciones S.A.C. from Aurania Resources Ltd. for a consideration of 350,000 common shares of Palamina and a 1% Net Smelter Return royalty. Palamina may buy back half of the NSR for $1,000,000. Palamina has an "acquire and hold" strategy for its existing copper silver projects in south eastern Peru and the [...]

Palamina Corp. announces initial assay results from its first 2024 field campaign in the Sol de Oro Zone at its 100% owned Usicayos Gold Project. Usicayos is located in southeastern Peru and hosts a 4.5 km long mineralized orogenic gold trend to include the southwestern SDO Zone, the central Cayos Zone, and the northeastern Veta Zone. In 2024, inaugural drill programs are planned in the SDO Zone then the Cayos Zone later [...]

Andrew Thomson has today filed an early warning report advising that between March 13 and March 27, 2024 he purchased an aggregate of 77,000 common shares of Palamina Corp. at a price between $0.10 and $0.135 per share. Immediately prior to the purchases, the Acquiror had beneficial ownership, or exercised control or direction, both directly and indirectly over 6,038,302 shares; 525,000 options; and 394,000 warrants [...]

Palamina Corp. has appointed Alvaro Fernandez-Baca as V.P. Exploration and Hall Stewart and Jerry Blackwell as advisors to complement our discovery team in Peru. We would like to thank Jerry Blackwell for previously acting as lead geologist and for his continued support in his new role as advisor. "Palamina is pleased to welcome Alvaro Fernandez-Baca and Hall Stewart as new members of our team. Each brings a wealth of [...]

Palamina Corp. completed its latest field program at its 100% owned Usicayos Gold Project in the Sol de Oro Zone in December 2023. Usicayos is located in southeastern Peru and hosts a 4.5 km long mineralized orogenic gold trend to include the southwestern SDO Zone, the central Cayos Zone, and the northeastern Veta Zone. Drilling is scheduled to commence in Q2 of 2024. The SDO zone is hosted in Paleozoic Ananea Formation [...]

Palamina Corp.'s has granted 1,585,000 incentive stock options to certain officers, directors, advisors and consultants of the Company under its Stock Option Plan. All options are exercisable at $0.15 per common share. The options granted to officers and directors and advisors expire on December 15, 2028 and the options granted to the consultants expire on December 15, 2025. About Palamina Corp. Palamina has participation [...]

Palamina Corp.'s equity/royalty partner Winshear Gold Corp. provided a return of capital of CDN$0.25 per share on December 8, 2023 to Winshear shareholders, resulting in a non-dilutive payment of $3,625,000 to Palamina. Palamina continues to own 14,500,000 common shares of Winshear representing 15.4% of their outstanding shares. "Post Winshear's return of capital to shareholders, both Palamina and Winshear hold in excess [...]

Palamina Corp.'s equity/royalty partner Winshear Gold Inc. has declared a return of capital of CDN$0.25 per share to Winshear shareholders payable December 8, 2023. Palamina holds 13,422,000 common shares and 1,321,000 warrants in Winshear and a 2% NSR on all its projects in Peru. Winshear recently received a net settlement payment from the Tanzanian Government in excess of CDN $25,250,000 over the expropriation of [...]

Palamina Corp. equity/royalty partner Winshear Gold Inc. has received a settlement payment of US$30,000,000 from the Tanzanian Government as compensation for the expropriation of Winshear's SMP gold deposit in Tanzania. Palamina holds 13,422,000 common shares and 1,321,000 warrants in Winshear Gold Corp. and a 2% NSR on all its projects in Peru. On September 19, 2023 Winshear announced they had reached a conditional [...]

Palamina Corp. currently holds 13,422,000 common shares and 1,321,000 warrants in Winshear Gold Corp. representing an 18.5% partially diluted share position. In February of 2023 Winshear completed arbitration proceedings against the Tanzanian Government to recover damages for the expropriation of its SMP Gold Deposit in Tanzania. The arbitration proceedings were held at the International Centre for Settlement of [...]