From GlobeNewswire: 2024-11-13 18:00:00

Western Metallica Resources Corp. (TSXV: WMS) has closed a private placement financing, issuing 10,833,345 units at $0.03 per unit for gross proceeds of $325,000. Each unit includes one common share and one warrant. The Company paid $8,750 in commissions and issued 291,667 broker warrants to Leede Jones Gable Inc.

Insiders of the Company subscribed to 2,475,015 units. The offering is subject to final approval from the TSX Venture Exchange, with a regulatory hold period until March 14, 2025. The net proceeds will fund drill programs at the Luz Maria and Caña Brava 1 porphyry prospects in Northern Peru.

The Caña Brava Project, located in Northern Peru, is a highly prospective 5,700-hectare concession neighboring Hudbay’s Llaguen Cu-Mo Project. The project has the potential to host shallow high-grade mineralization and is well-positioned for future scalability. Western Metallica recently initiated a drill program at its Luz Maria copper-molybdenum porphyry prospect.

Qualified Person Mr. Giovanni Funaioli approved the technical information in the press release. Western Metallica Resources Corp. is focused on mineral resource exploration and development, with projects in Peru and Spain. For more information, visit their website at www.westernmetallica.com.

The TSXV has not approved or disapproved the contents of the press release. Forward-looking statements in the release involve risks and uncertainties that could impact the Company’s actual results. The Company does not guarantee the accuracy of forward-looking information and advises against undue reliance on such statements. The securities mentioned are not registered in the United States for sale.



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