Palamina Corp.
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- Palamina Corp. (TSX.V: PA | OTCQB: PLMNF) is a Canada-based mineral exploration company focused on the acquisition, development, and exploration of gold, silver, and copper deposits primarily in Peru. The company operates through two wholly-owned Peruvian subsidiaries, Palamina Peru, which holds seven gold projects in the Puno Orogenic Gold Belt (POGB) in southeastern Peru including Usicayos, Panorama, Cristel, Bendi, Cori, Inca, and Gaban; and Palamina Vicus, which holds five silver-copper projects in northeastern and southeastern Peru including Galena silver-copper, Pluma sedimentary-hosted copper-silver, Sora copper-gold porphyry, Volcano copper-silver, and others. Its exploration activities target high-grade mineral deposits in drill discovery phase, with key projects like Usicayos and Gaban fully permitted for drilling; the company maintains an acquire-and-hold strategy for copper-silver assets while prioritizing shareholder value through discoveries in under-explored districts attracting major mining interest. Founded with headquarters in Toronto, Ontario, Palamina serves institutional and retail investors seeking exposure to precious and base metals in Peru's supportive mining jurisdiction with streamlined permitting. Recent developments include the September 2024 acquisition of Aurania Resources' Peruvian subsidiary Sociedad Minera Vicus Exploraciones SAC for 350,000 shares and a 1% NSR royalty (half buyback option for C$1 million), securing 100% ownership of the 9,800-hectare Pluma copper-silver project contiguous to Hannan Metals' San Martin; completion of a 2,300-meter drill program at flagship Usicayos yielding high-grade gold intercepts up to 24 g/t over significant widths, with additional drilling planned for 2025 to define resources alongside new access road construction reducing costs to $300 per meter; receipt in April 2025 of Winshear Gold Corp.'s notice to return 100% ownership of Gaban gold and Ica copper-gold projects per their 2019 agreement; and closure in November 2025 of the first tranche of a non-brokered private placement raising $1.63 million through 13.075 million units at $0.125 each for advancing Galena and Usicayos, with backing from investor Eric Sprott holding 12.3% stake.
Company News
Palamina Confirms Closing of Spin-Out Arrangement
Palamina Announces Shareholder Approval, Final Court Approval and Expected Closing of Colt Silver Spin-Out Transaction
Palamina Mailing of Meeting Materials
Palamina's Colt Silver Spin Out Receives FTA Environmental Permit for the Galena Silver Copper Project in Peru
Palamina Update on Colt Silver Spin-Out Transaction
Palamina Magnetic + Gravity Surveys Identifies near Surface Drill Targets at the Galena Silver Copper Project
Palamina Adopts Semi-Annual Financial Reporting
Palamina Completes Financings Totaling $3,050,000 as Part of Colt Silver Spin-Out Transaction
Palamina Announces Colt Silver Corp. Spin Out Transaction
Palamina Completes Mapping Sampling Program at the Cristel Copper Tin Project
Palamina Corp Invites Shareholders and Investment Community to visit them at Booth 2723 at PDAC 2026 in Toronto, March 1-4
Palamina Grants Options
Palamina Acquires Esperanza Project South East of the Berenguela Silver-Copper-Manganese Deposit
Palamina Completes Oversubscribed $2.7M Private Placement
Palamina Identifies Strong Copper Anomaly at the Galena Silver Copper Manganese Project
Palamina Announces Extension of Private Placement
Palamina Completes First Tranche of Private Placement
Palamina Announces $2,500,000 Private Placement
Palamina Expands Silver, Copper, Manganese Footprint at the Galena Project
Palamina Completes Transfer of the Gaban Gold and Ica Copper Silver Projects from Winshear Gold