Eloro Resources Advances Iska Iska Acquisition with $1.5 Million Payment

Eloro Resources Ltd. has progressed in its acquisition of the Iska Iska silver-tin polymetallic project in southern Bolivia by making a US$1.5 million option payment to Empresa Minera Villegas S.R.L. This payment represents a critical step in the US$10 million option agreement that includes a US$1.8 million credit for exploration work on the nearby Mina Casiterita property. The company must complete the acquisition by making one final cash payment of US$1.15 million by January 6, 2026, demonstrating its long-term commitment to this strategic mineral property.

Under the amended terms of the agreement, Eloro must also pay US$1.8 million within 12 months of obtaining mining rights to secure full ownership of both Mina Casiterita and Mina Hoyada properties. Additionally, pending regulatory approvals, the company will issue 200,000 common shares upon the transfer of the property. The Iska Iska project is recognized as a significant polymetallic epithermal-porphyry complex in the Potosi Department, accessible by road and free of royalties, making it an attractive long-term investment.

The acquisition underscores Eloro Resources' commitment to expanding its portfolio of gold and base-metal properties, which includes projects in Bolivia, Peru, and Quebec. The strategic importance of this move extends beyond immediate financial considerations, as it positions the company to capitalize on growing demand for silver and tin in various industrial applications. The project's potential is further detailed in a recent NI 43-101 technical report by Micon International Limited, available on Eloro's website at https://www.elororesources.com and under its filings on SEDAR at https://www.sedar.com.

This acquisition not only enhances Eloro's asset base but also establishes the company as a significant participant in the mining industry's future developments. The timing of this investment coincides with increasing global demand for polymetallic resources, particularly silver and tin, which are essential components in electronics, renewable energy technologies, and various industrial applications. The company's strategic positioning in Bolivia's mineral-rich regions provides access to substantial untapped resources that could drive future growth and shareholder value.