202611 releases
Palamina Confirms Closing of Spin-Out Arrangement
The plan of arrangement spinning out Colt Silver Corp closed effective September 29, 2026, with Palamina distributing 23,308,708 Colt shares to shareholders (0.25 of a Colt share per Palamina share) and retaining 4,577,766 shares, or 9.1% of Colt's 50,355,421 shares outstanding. Palamina's new common shares began trading on the TSXV under symbol PA on September 29 after the old shares were delisted September 28. Colt raised $600,000 in convertible debentures and $2,450,000 in subscription receipts, both converted September 29, and has conditional TSXV approval to list under COLT, with a NI 43-101 technical report on its Galena Ag-Cu-Mn Project in Peru filed on SEDAR+.
AcquisitionPalamina Announces Shareholder Approval, Final Court Approval and Expected Closing of Colt Silver Spin-Out Transaction
Shareholders approved the plan of arrangement to spin out Colt Silver Corp. at a meeting held September 24, 2026, and the Ontario Superior Court of Justice granted final approval on September 25, 2026, with closing expected effective September 29, 2026. Shareholders will receive 0.25 of a Colt share and one new Palamina share per existing share; Palamina will distribute 23,308,708 Colt shares and retain 4,577,766 (9.1%). Colt holds seven silver-copper projects in Peru and completed $600,000 debenture and $2,450,000 subscription receipt financings.
AcquisitionPalamina Mailing of Meeting Materials
Meeting materials, including the management information circular and proxy materials, have been mailed to shareholders ahead of Palamina Corp.'s annual and special meeting set for 10:30 a.m. Toronto time on September 24, 2026, where shareholders will vote on directors, auditors, an equity incentive plan and the spin-out of Colt Silver Corp. under an Ontario plan of arrangement. The Ontario Superior Court issued an interim order and the TSXV conditionally approved listing Colt Silver shares. Completion requires 66 2/3% approval plus a majority of minority votes, and is anticipated within two weeks after the meeting.
CorporatePalamina's Colt Silver Spin Out Receives FTA Environmental Permit For the Galena Silver Copper Project in Peru
Colt Silver Corp., a wholly owned Palamina subsidiary, has received its Ficha Técnica Ambiental environmental approval from Peru's Ministry of Energy and Mines for the Galena Silver Copper project in the Puno region, authorizing construction of up to 20 drill pads with no limit on holes per pad. An initial 2,500m drilling program at the previously undrilled project is scheduled to begin in October 2026. Palamina seeks shareholder approval on September 24, 2026 to spin out Colt, expected to trade on the TSX Venture Exchange under COLT in October 2026.
AcquisitionPalamina Update on Colt Silver Spin-Out Transaction
An annual and special shareholders meeting is set for 10:30 a.m. Toronto time on September 24, 2026 to approve the spin-out of Colt Silver Corp. under a plan of arrangement, along with director elections, auditor appointment and an equity incentive plan. An amending agreement changes the consideration to one Colt Silver share for every 4 Palamina shares, requires Palamina to pay $0.05 per Colt Silver share issued on warrant exercises, and forgives approximately $389,493 owed by Colt Silver. Completion is anticipated on or about September 30, 2026. A NI 43-101 technical report on the Galena Ag-Cu Project, Puno, Peru, effective June 14, 2026, has been filed.
AcquisitionPalamina Magnetic + Gravity Surveys Identifies Near Surface Drill Targets at the Galena Silver Copper project
Ground magnetic and gravity surveys completed in April at the Galena silver copper project in the Santa Lucia mining district, Puno, southeastern Peru, collected 112.53 line-kilometres of magnetic data and 1,119 gravimetric readings across the Rosa, Gris and Azul zones, identifying fault-block bounding structures and northeast-trending intersections as drill targets; no clear intrusive centers were identified. More than 800 soil samples were collected in Q2 2026 between the Santa Rosa and Azul zones. Drill permitting is underway with drilling expected to begin in early fall 2026.
Drill resultsPalamina Adopts Semi-Annual Financial Reporting
Palamina Corp. will move from quarterly to semi-annual financial reporting under CSA Coordinated Blanket Order 51-933, as adopted by the B.C. Securities Commission. The company will not file interim reports for the first quarter ending March 31 or third quarter ending September 31 in 2026 or future years, but will continue filing audited annual statements within 120 days of year-end and six-month interim reports within 60 days of December 31.
CorporatePalamina Completes Financings Totaling $3,050,000 as Part Of Colt Silver Spin-Out Transaction
An arrangement agreement dated April 17, 2026 has been signed with Colt Silver Corp. and Colt Finco Corp. to complete the spin-out of Palamina's seven silver-copper projects in Peru, with Palamina shareholders to receive 0.33 Colt Silver shares per Palamina share and Palamina retaining about 10% of Colt Silver. Financings closed for $3,050,000 gross: $600,000 of secured convertible debentures convertible at $0.10 and $2,450,000 of subscription receipts at $0.15. Closing is anticipated in July 2026, subject to shareholder, court and TSXV approvals.
FinancingPalamina Announces Colt Silver Corp. Spin Out Transaction
Palamina's board has approved a plan of arrangement under the Business Corporations Act (Ontario) to spin out Colt Silver Corp., which holds seven silver-copper projects in northeastern, central and southeastern Peru, with shareholders receiving 0.33 Colt Silver shares per Palamina share and Palamina retaining 10% of the resulting issuer. Financings include up to $500,000 of 5% convertible debentures converting at $0.10 and up to $2.25M of subscription receipts at $0.15. Closing is anticipated in July 2026, subject to TSXV and court approval.
AcquisitionPalamina Completes Sampling Mapping Program at the Cristel Copper Tin Project
A sampling and mapping program has been completed at the 100%-owned Cristel Copper Tin Project in southeastern Peru, located about 40 kilometers north of Minsur S.A.'s San Rafael copper tin mine. A rock chip sample from the sulphide gossan zone returned 4.43% copper, 0.61 g/t gold and 12 ppm tin; rock chip sampling was done in 2022 and channel and rock chip sampling in late 2025. The gossan zones have never been drill tested.
Drill resultsPalamina Grants Options
A total of 4,025,000 incentive stock options have been granted to certain officers, directors, advisors and consultants under Palamina's Stock Option Plan, exercisable at $0.16 per common share. Options granted to officers, directors and advisors expire on January 20, 2031, while those granted to consultants expire on January 20, 2029. Palamina holds gold projects in the Puno Orogenic Gold Belt and silver-copper assets in southeastern and northeastern Peru.
Corporate
202512 releases
Palamina Acquires Esperanza Project South East of the Berenguela Silver Copper Manganese Project
100% of the mineral rights to the 60.75 hectare Esperanza concession in the Santa Lucia district of southeastern Peru have been acquired for US$18,000 outright, with no royalties payable. Esperanza adjoins Aftermath Silver's Berenguela silver copper manganese project, which hosts 122.5 million ounces of silver in Measured and Indicated categories plus 22.0 million ounces Inferred. Palamina has added over 1,460 hectares in the district in the last month and plans mapping and sampling at Esperanza in early 2026.
AcquisitionPalamina Completes Oversubscribed $2.7M Private Placement
The second tranche of a non-brokered private placement closed with $1,095,625 raised through 8,765,000 units at $0.125 per unit, each unit comprising one common share and one warrant exercisable at $0.20 for two years. Combined with the first tranche announced November 12, 2025, the offering raised aggregate gross proceeds of $2,700,000. Net proceeds will advance the Galena silver-copper-manganese project and Usicayos gold project in Peru, plus general corporate and working capital. A finder received $23,287 and 186,300 finder's warrants.
FinancingPalamina Identifies Strong Copper Anomaly at the Galena Silver Copper Manganese Project
An additional 920 soil and subcrop samples were collected and analyzed by handheld XRF at the 100%-owned Galena silver-copper-manganese project in southeastern Peru, bringing the total to 2,579 XRF samples. A new copper anomaly was identified in the Azul zone, and the manganese anomaly now outlines a 6 km x 6 km geochemical anomaly linking the Rosa, Gris, Verde and Azul zones. The project has never been drill tested; a gravity survey is planned to prioritize drill targets.
Drill resultsPalamina Completes First Tranche of Private Placement
A first tranche of the non-brokered private placement announced October 9, 2025 has closed, raising $1,634,375 through 13,075,000 units at $0.125 per unit, each unit comprising one common share and one warrant exercisable at $0.20 for two years, subject to acceleration if shares trade at $0.35 on a 10-day VWAP basis. Directors and officers Andrew Thomson and Michael Farrant bought 3,795,000 units. Proceeds will advance the Galena silver copper manganese and Usicayos gold projects in Peru and general working capital.
Financing