Latin Explore Inc. has received the necessary environmental technical permit (FTA) to advance an initial Phase I drill program at its 100%-owned Para copper-molybdenum project within Peru’s Coastal Copper Belt.

The permit grants permission to construct necessary access roads and 14 drill pads across the 2,200-hectare project. Latin Explore plans a ~2,000-metre initial drill program to test targets identified through historical exploration by Vale and Latin Metals, which outlined surface copper anomalies up to 1.7%, molybdenum, coincident chargeability anomalies and a central magnetic low.

Following the permit notification, Latin Explore shares rose 24.14% in the trading session. The company is now positioned to apply for the authorization to initiate activities from Peruvian authorities, with drilling expected to begin in late Q3 or early Q4, 2026.

Read the full announcement: Latin Explore Receives Drill Permit for the Para Copper-Molybdenum Project, Peru