Golden Arrow Resources Corporation has completed the sale of its copper assets at the San Pietro project in Chile to Capstone Copper Corp. following shareholder approval secured on August 21, 2026.

Under the finalized terms, New Golden Exploration Chile SpA—a joint venture owned 75.019 percent by Golden Arrow and 24.981 percent by Sociedad de Servicios Andinos SpA—received an exact total of 2,200,012 Capstone common shares. The transaction divests 73 concessions covering approximately 16,555 hectares in Chile's Atacama region.

The initial June 2026 agreement set aggregate consideration at US$25,000,000 in Capstone shares. The completion release specifies that approximately $6,550,000 in transaction costs and taxes will be deducted from the consideration, including 165,042 Capstone shares withheld for Chilean taxes and 66,000 shares deducted for an advisory fee paid to Southern Cone Partners. Of the remaining distribution, a Golden Arrow subsidiary received 1,666,914 Capstone shares, while joint venture partner Sociedad de Servicios Andinos SpA received 533,098 shares.

The divestment aligns with regional copper activity in the Atacama district, where Capstone Copper Corp. previously reported second-quarter operational performance at its Mantoverde project featuring record sulphide production of 18,190 tonnes.

“We are pleased to complete this transaction to unlock value from the San Pietro project. We now have a solid treasury that allows us to immediately expand our exploration efforts in Chile and Argentina, including planning the first drill program at our Atakama gold project this autumn. This closing marks a new chapter for the Company, and we look forward to building on this momentum to make our next discovery and deliver additional value to our shareholders”

— Nikolaos Cacos, President & CEO

Golden Arrow plans to deploy its strengthened treasury to accelerate exploration across its broader portfolio in Chile and Argentina, including surface exploration across four priority targets at the Atakama gold project ahead of a planned inaugural drill program.

Read the full announcement: Golden Arrow Completes Sale of Copper Assets at San Pietro Project