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Asara Secures $153K Payment from Teck Chile Post-Litigation on Loreto JV

1:22pm on Wednesday 11th of June, 2025 AEST Mining
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Asara Secures $153K Payment from Teck Chile Post-Litigation on Loreto JV

1:22pm on Wednesday 11th of June, 2025 AEST
Key Points
  • Received US$100,000 cash payment from Teck Chile after litigation settlement
  • Teck Chile holds option to earn up to 75% interest in Loreto via staged payments and exploration
  • Settlement required Asara to sell 25.26% interest in Loreto to Costa Rica Dos SpA
  • Future payments and expenditures tied to permit dates and exploration milestones
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