Camino Minerals Corporation has successfully closed a private placement of common shares, a move that strengthens its financial base and introduces it to new strategic partners. This event marks a significant milestone for the company focused on developing copper projects in Chile and Peru.
The placement, previously announced on November 12, 2025, resulted in the issuance of 15,554,666 shares at a price of $0.36 each, generating gross proceeds of approximately C$5,599,680. New shareholders include Elemental Royalties and Continental General Insurance Company, as well as key investors of the company itself.
The proceeds will be allocated to various areas, including working capital, engineering studies, legal and administrative expenses, allowing the company to advance its mining projects. The issued shares are subject to a holding period that will end on March 15, 2026, in accordance with Canadian securities regulations.
Furthermore, the company has completed the issuance of an additional 5,833,334 shares to associated entities within the mining sector, expanding its base of investment and support.
Camino Minerals is dedicated to the exploration and development of copper assets, highlighting the Puquios mine in Chile and the IOCG Los Chapitos project in Peru. The company is also making progress in obtaining permits for exploration drilling at the Maria Cecilia project and has expanded its position in the Plata Dorada project.
Camino’s strategy focuses on acquiring advanced copper assets, with the goal of positioning itself as a key provider in an economy that increasingly relies on this mineral. For more details on their projects and strategies, interested parties can visit the company’s website.
Referrer: MiMub in Spanish
