Prismo Metals Closes Acquisition of Increased Interest in Hot Breccia

Prismo Metals Inc. has successfully completed a strategic acquisition transaction with Infinitum Copper Corp., significantly increasing its ownership position in the Hot Breccia copper project located in British Columbia. The deal brings Prismo's interest to 95% with an option to acquire full control of the asset, representing a substantial consolidation of ownership in what appears to be a promising copper exploration opportunity.

The transaction structure provides Prismo with near-complete control over the Hot Breccia project while maintaining flexibility to acquire the remaining 5% interest. This level of ownership gives the company significant operational control and the ability to advance exploration and development activities without the complexities often associated with joint venture partnerships.

This acquisition comes at a time when copper demand continues to be supported by global electrification trends and renewable energy infrastructure development. By consolidating control over Hot Breccia, Prismo positions itself to fully capture any value creation from future exploration success and potential development of the property.

The completion of this transaction demonstrates Prismo's commitment to building a focused portfolio of copper assets in mining-friendly British Columbia. With 95% ownership and an option for full control, the company now has the operational flexibility to pursue an aggressive exploration strategy and potentially advance the project through various stages of development without dilution from joint venture partners.