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Latin Metals (TSX-V: LMS)(OTC: LMSQF) Director Elyssia Patterson on Catalyst-Rich 2025 with Major Partners Drilling
Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the director of corporate communications for Latin Metals (TSX-V: LMS)(OTCQB: LMSQF), Ms. Elyssia Patterson. Long time no hear. How are you, Elyssia?
Elyssia Patterson: I'm doing really good, and thank you for having me on today.
Gerardo Del Real: Well, listen, it's an overdue catch-up. Latin Metals in 2024 was primed for a year full of catalysts, and we chatted a bit off-air and it seemed like everybody was in a wait-and-see mode in 2024. But 2025, the company and its partners have really hit the ground running, and I think everything we anticipated in 2024 is starting to materialize now in 2025. The latest news was Latin Metals and Vale agreeing on a data purchase on the Para Copper Project in Peru.
And so I just wanted to have you on to talk about that piece of news, but also all of the excitement around the company because I feel like we have the momentum back, finally.
Elyssia Patterson: Yes, we do. Latin Metals is really excited about this agreement with Vale because it's a huge win for our shareholders. Vale is one of the largest mining companies, and through this deal, we're gaining access to years of high quality exploration data that would've taken a significant longer time and capital to replicate. This means we can fast track our exploration, refine our drill targets and make more informed decisions, and while maintaining a hundred percent ownership and control of this project.
We now actually have this project that we're looking to option out, and Vale will have the first right of offer if they want to, if anyone else comes into it.
Gerardo Del Real: Look, I think it speaks to the many, many catalysts potentially that I touched on in the introduction. I'm looking at your last four or five press releases and you have the Esperanza Copper-Gold Project, which is a phenomenal project in San Juan Province, Argentina. You vested 71% ownership back in November, of a key Argentine gold/silver exploration portfolio that has the potential for high grade discoveries. Earlier this month you discovered visible gold at the La Flora Project also in Argentina, and now you agreed to this data purchase with Vale in Peru.
How do you anticipate 2025 playing out? It's a great problem to have, but you're going to have to prioritize and juggle many potential partners and many potential programs, right?
Elyssia Patterson: Yeah, but it's really exciting because once we option out our properties, we then have our partners take over and with Moxico Resources and AngloGold, we're really hoping that this year, by 2025, we'll actually have drilling happening on these projects, and that would be very significant for us. Whereas also Cerro Bayo, we said that we have visible gold and we're looking to have that optioned out. And the more that we put press releases out, I think now that you see from 2024, it was very silent. And now in 2025, we're actually having other companies look and I think come in on the ground.
We've had companies come look at our properties. We might not be saying that in press releases, but we have lots of people coming to look and see, and deals actually take a little bit longer than what people really think, but it takes a while for something to come into play. So we're really hoping that we can actually have Cerro Bayo be optioned off this year, Para, and we have Lacsha, we have a drill permit associated with that project, and we have people looking at it.
So we have some major catalyst coming up that I think in a very few months that we will see, you'll see a lot more news flow coming from Latin Metals. And when we have projects that were going to our partner, we're looking and staking currently other projects. So we're constantly having more projects come in and having partners take the other ones off at different levels of exploration.
And so these are our ones currently that we're looking on a Cerro Bayo to option out, and having results from Esperanza and with AngloGold. And so I think from that you'll see lots of news. And with our sediment-hosted copper, we have a massive land position in Argentina with those projects as well.
Gerardo Del Real: No, listen, I think you're firing on all cylinders right now. I know when I spoke with Keith here recently, Keith was so excited about 2025. As you know, so much of the work that goes into having a year full of catalysts is the behind-the-scenes work that gets done beforehand. And frankly, that's the stuff in our business that often goes unnoticed. And if it's noticed, it's really underappreciated. I don't think it's a coincidence that the market cap is as tiny as it is right now. It's a lot of upside with a lot of shots on goal, on multiple projects, multiple jurisdictions, multiple partners and multiple commodities.
So I'm excited to have you back on. I'm looking forward to having Keith back on, and hopefully this is the year where all the things that we thought were going to happen last year actually materialize. Anything else to add to that?
Elyssia Patterson: Well, we'll be at PDAC and so I think we'll have some news drop around before that, and we have lot of meetings set up. And if any of your listeners are at PDAC, stop by our booth. We're at 2329, and also check on our website, follow us on social media. We're trying to put more information out, maybe not just news releases, but that we're boots on the ground and doing different things about our projects.
Because we do have 18 different projects that we're working on at different levels, so we're constantly doing work. We might not be putting it out in press releases, but we are definitely boots on the ground getting these things further along.
Gerardo Del Real: Love the progress, love the update. Looking forward to an exciting year. Thank you so much, Elyssia.
Elyssia Patterson: Thank you.
Gerardo Del Real: All right. Take care now.
Elyssia Patterson: Thank you.
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