Platauro Metals Corp. Amends Option Agreement for Star Property
News related to:Platauro Metals Corp · 2 min read
Columbia, (Newsfile Corp. - September 21, 2026) - Platauro Metals Corp. (TSXV: PURO) (OTCQB: MEXGF), a precious metals exploration company focused on advancing high-quality gold and silver projects with significant resource growth potential across the Americas, has announced that it has received acceptance from the TSX Venture Exchange ("TSXV") of an amendment to the option agreement between the Company's wholly-owned subsidiary, Alcon Silver Corp., and Western Property Holdings, LLC (the "Optionor"), relating to Alcon's sole and exclusive right and option to acquire an undivided 100% interest in and to certain unpatented lode mining claims situated in Beaver County, Utah, known as the Star property (the "Property").
Under the amended option agreement (the "Second Amending Agreement"), the Company, Alcon, and the Optionor have agreed to amend the balance of the cash payments, share issuances, and expenditure commitments remaining to be satisfied thereunder by Alcon, and provide that the common shares remaining issuable to the Optionor be issued by the Company.
The Company has issued 500,000 common shares (the "Shares") at a deemed price of $0.20 per Share to the Optionor, as required under the Second Amending Agreement. The Shares are subject to a statutory hold period which expires January 19, 2027, in accordance with applicable Canadian securities laws. Each subsequent tranche of Shares to be issued under the Second Amending Agreement shall be subject to a hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws.
The Company's portfolio includes the Princesa silver project, the Las Minas gold-copper project, and the district-scale Star Project, providing exposure to both resource expansion and new discovery opportunities.
Columbia, (Newsfile Corp. - September 21, 2026) - Platauro Metals Corp. (TSXV: PURO) (OTCQB: MEXGF), a precious metals exploration company focused on advancing high-quality gold and silver projects with significant resource growth potential across the Americas, has announced that it has received acceptance from the TSX Venture Exchange ("TSXV") of an amendment to the option agreement between the Company's wholly-owned subsidiary, Alcon Silver Corp., and Western Property Holdings, LLC (the "Optionor"), relating to Alcon's sole and exclusive right and option to acquire an undivided 100% interest in and to certain unpatented lode mining claims situated in Beaver County, Utah, known as the Star property (the "Property").
Under the amended option agreement (the "Second Amending Agreement"), the Company, Alcon, and the Optionor have agreed to amend the balance of the cash payments, share issuances, and expenditure commitments remaining to be satisfied thereunder by Alcon, and provide that the common shares remaining issuable to the Optionor be issued by the Company.
The Company has issued 500,000 common shares (the "Shares") at a deemed price of $0.20 per Share to the Optionor, as required under the Second Amending Agreement. The Shares are subject to a statutory hold period which expires January 19, 2027, in accordance with applicable Canadian securities laws. Each subsequent tranche of Shares to be issued under the Second Amending Agreement shall be subject to a hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws.
The Company's portfolio includes the Princesa silver project, the Las Minas gold-copper project, and the district-scale Star Project, providing exposure to both resource expansion and new discovery opportunities.