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NewPeak Metals Limited (ASX:NPM)

ALERT: Price-sensitive ASX Announcement for NPM
Current share price for NPM : $0.017 0.001 (6.25%)+
Announcement
Release
6 Oct 2025 9:39AM
Price at Release
$0.016
Full Release
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Summary
NewPeak Metals Limited has announced the acquisition of the remaining 49% of the Las Opeñas gold permits in Argentina through a Share Purchase Agreement executed by its subsidiary, Excarb Pty Ltd. This acquisition, valued at US$500,000 in cash, grants NewPeak full ownership of the project. The acquisition is unconditional and is set to complete within 30 days, financed by NewPeak's existing cash reserves. The company, which currently holds A$3.8 million in cash, will soon provide updates on its exploration plans for its Las Opeñas and Tansey gold projects.
Key Points
  • NewPeak Metals Limited has executed a Share Purchase Agreement for its subsidiary Excarb Pty Ltd.
  • The acquisition is for the remaining 49% of Las Opeñas Metals S.A. not already owned by NewPeak.
  • Purchase price for the acquisition is US$500,000 in cash.
  • NewPeak will have 100% ownership of the Las Opeñas gold permits.
  • The acquisition is unconditional and expected to be completed within 30 days of the execution date.
  • Funding for the acquisition will come from NewPeak's existing cash reserves.
  • NewPeak holds A$3.8 million in cash and marketable securities including shares in Lakes Blue Energy NL.
  • The company will update the market on exploration plans for Las Opeñas and Tansey gold projects.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.