The Prospector News

Mirasol Completes the Sale of the Sascha-Marcelina Projects in Argentina for US$1.5 Million Plus Royalty

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Mirasol Completes the Sale of the Sascha-Marcelina Projects in Argentina for US$1.5 Million Plus Royalty

 

 

 

 

 

  • Pursuit Minerals acquires the Sascha-Marcelina Projects for a total consideration of ~US$1.5 million
  • Mirasol retains a 1.5% NSR royalty. Following the commencement of commercial production, Pursuit Minerals may buy back the first 0.75% within two years for US$1.5 million, and the remaining 0.75% within three years for an additional US$4 million
  • Repayment of CAD$2M towards outstanding shareholder loan

 

Mirasol Resources Ltd. (TSX-V: MRZ) (OTC: MRZLF) is pleased to report it has completed the sale of Mirasol`s 100% owned Sascha Project located in Santa Cruz province, Argentina to Andara Mining Pty Ltd, a subsidiary of Pursuit Minerals Ltd. (ASX: PUR). The Company announced the sale on September 30, 2025. In connection to the sale, Mirasol has also assigned its Option to Purchase Agreement on the Marcelina Project to Andara Mining. Under the Option to Purchase Agreement, Mirasol has the right to acquire an undivided 100% interest in three mineral concessions comprising the Marcelina Project. Sascha and Marcelina are together referred to as the Sascha-Marcelina Projects.

 

“The US$1.5 million payment immediately strengthens our financial position as we advance our exploration programs while the retained royalty ensures we remain positioned to benefit from future success at Sascha-Marcelina,” Mirasol’s President Tim Heenan stated. “The sale of our Sascha-Marcelina Projects reflects our strategy to monetize our underappreciated non-core assets in our portfolio of projects in Argentina and Chile.”

 

Repayment of Shareholder Loan

 

Today the Company also announced that the proceeds from the sale of Sascha-Marcelina were applied to a repayment of CAD$2M towards the outstanding shareholder loan previously announced (news release March 14, 2025 and June 16, 2025).

 

About Mirasol Resources Ltd

 

Mirasol is a well-funded exploration company with over 20 years of operating, permitting and community relations experience in the mineral rich regions of Chile and Argentina. Mirasol is currently self-funding exploration at the flagship Sobek Copper-Gold Project located in the Vicuña Copper-Gold-Silver District of northeast Chile while continuing to advance a strong pipeline of highly prospective early and mid-stage projects.

Posted December 10, 2025

Share this news article

MORE or "UNCATEGORIZED"


Namibia Critical Metals Announces Completion of Japan's C$23 Million Earn-In and Formation of Strategic Joint Venture Company for the Lofdal Heavy Rare Earth Project

Namibia Critical Metals Inc. (TSX-V: NMI) (OTCQB: NMREF) is pleased to announce that Japan Organizat... READ MORE

July 31, 2026

Eldorado Gold Reports Solid Q2 2026 Financial and Operational Results; Skouries On Track for Q3 2026

Eldorado Gold Corporation (TSX: ELD) (NYSE: EGO) today reports the Company’s financial and operati... READ MORE

July 31, 2026

DPM Metals Reports Record Q2 2026 Free Cash Flow and Earnings; Vareš On-Track to Achieve Full Production by Year-end 2026

DPM Metals Inc. (TSX: DPM) (ASX: DPM) announced its operating and financial results for the second q... READ MORE

July 31, 2026

IMC Rare Earths Ltd Announces Closing of $20 Million Initial Public Offering

IMC Rare Earths Ltd, a company focused on the mineral exploration and development of magnet rare ear... READ MORE

July 31, 2026

Fairchild Gold Announces Closing of Private Placement Financing and Early Warning Report

Fairchild Gold Corp. (TSX-V: FAIR), is pleased to announce the closing, on July 29, 2026, of its pre... READ MORE

July 31, 2026

Copyright 2026 The Prospector News