FAQ: Eloro Resources Ltd.'s $1.5 Million Option Payment for Iska Iska Acquisition

What is the significance of Eloro Resources Ltd.’s $1.5 million option payment?

The payment advances Eloro’s acquisition of the Iska Iska silver-tin polymetallic project in Bolivia, bringing it closer to securing full ownership of this highly prospective mineral deposit.

How much remains to be paid for the Iska Iska acquisition?

One final cash payment of US$1.15 million is due by January 6, 2026, to complete the acquisition under the amended terms of the agreement.

What does the US$10 million option agreement include?

The agreement includes a US$1.8 million credit for exploration work on the nearby Mina Casiterita property, part of Eloro’s strategy to expand its mining rights in the region.

What are the requirements for Eloro 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.

Where is the Iska Iska property located?

The Iska Iska property is located in the Potosi Department in southern Bolivia and is accessible by road, making it a strategically valuable asset for Eloro.

What other projects does Eloro Resources Ltd. have?

Eloro also owns an 82% interest in the La Victoria Gold/Silver Project in Peru and has a portfolio of gold and base-metal properties in Bolivia, Peru, and Quebec.

How can investors stay updated on Eloro Resources Ltd.?

Investors can visit the company’s newsroom at https://ibn.fm/ELRRF for the latest news and updates relating to ELRRF.

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