Western Metallica Resources Corp. Announces Exclusivity and Binding Option Agreement for Nueva Celti Copper Project

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Postmedia has not reviewed the content. by Business Wire Western Metallica Resources Corp. Announces Exclusivity and Binding Option Agreement for Nueva Celti Copper ProjectAuthor of the article: You can save this article by registering for free here. Or sign-in if you have an account.TORONTO — Western Metallica Resources Corp. (TSXV: WMS) (“Western Metallica” or the “Company”) is pleased to announce that it has entered into an Exclusivity and Binding Option Agreement (the “Option Agreement“) with AJAX Resources PLC. (AQSE: AJAX) (“AJAX“), pursuant to which Ajax has secured an exclusive and irrevocable option to acquire 100% of the issued share capital of Western Metallica, S.L., a fully owned Spanish subsidiary of Western Metallica which owns the Nueva Celti Copper Project located in Andalusia, Spain (the “Proposed Acquisition”).THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe option agreement was signed on July 25, 2026 and the option fee was received on August 6, 2026. There were no finder’s fees paid or payable with regards to the transaction.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againCompletion of the Proposed Acquisition (“Completion“) remains subject to the terms and conditions of the Option Agreement, including the approval of the TSX Venture Exchange (“TSXV“).Under the agreed commercial terms, Ajax would acquire 100% of Western Metallica, S.L. for total consideration of US$300,000, comprising:a US$10,000 non-refundable option payment, payable in accordance with the Option Agreement and credited against the cash consideration upon Completion;a further US$90,000 payable in cash on Completion; andUS$200,000 to be satisfied through the issue of new Ajax ordinary shares, priced using the ten-day average closing price immediately preceding Completion (the “Consideration Shares”).The Company’s principal project is the Penedela gold project located in Northern Spain. The permit for the Penedela project expires on August 17, 2026 and is in the process of being renewed. The Company also has the Valledor project which is an early-stage exploration project located in Northern Spain with the license expiring November 19, 2026.The previous LOI regarding the Nueva Celti announced in September 2025 expired on December 31, 2025 and was not extended.About Western Metallica Resources Corp.Western Metallica is an Ontario company with its head office in Toronto, Ontario. Western Metallica is in the business of mineral resource exploration and development, its principal asset is its 100% owned Penedela Gold Property in the “Navelgas Gold Belt” in Asturias, Spain. Western Metallica also has an interest in two other Spanish gold projects in the “Navelgas Gold Belt” in Asturias (Valledor and Sierra Alta) and one project located in Andalucia (Nueva Celti).Further information of the Company can be found at: www.westernmetallica.com.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.View source version on businesswire.com: Western Metallica Resources Corp. This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.