Latin Metals Receives US$250,000 Payment from Daura Gold

Latin Metals Inc., a Vancouver-based mineral exploration company, announced on May 07, 2026, that it has received a cash payment of US$250,000 from Daura Gold Corp. This payment was issued in conjunction with a drilling update for the Cerro Bayo project, which is a key focus of the company's current exploration efforts. Latin Metals is currently traded on the TSX Venture Exchange under the ticker symbol LMS and on the OTCQB market as LMSQF. The news was disseminated via Global Newswire and reported by outlets including the Montreal Gazette and the Financial Post.^[1][2]

The financial report specifies that of the total US$250,000 received, US$150,000 is payable to the underlying vendor of the Cerro Bayo property. This payment fulfills specific financial obligations related to the project's ownership and development structure as outlined in previous agreements. The company continues to provide updates on its exploration and drilling progress at the site as part of its ongoing operations in the region, ensuring transparency for its shareholders and the broader investment community regarding its partnership with Daura Gold and the project's future potential.^[1][2]