{"success":true,"data":{"pressRelease":{"id":"130350","rtpr_id":"nNFC4fMHkd","ticker":"PA","exchange":"","all_tickers":["PA"],"title":"Palamina's Colt Silver Spin Out Receives FTA Environmental Permit for the Galena Silver Copper Project in Peru","author":"Newsfile Corp","published_at":"2026-08-28T12:30:14.592Z","article_body":"Toronto, Ontario--(Newsfile Corp. - August 28, 2026) - Palamina Corp. (TSXV:\nPA) (OTCQB: PLMNF) holds a 100% interest in its Canadian subsidiary, Colt\nSilver Corp. (\"Colt\") which through its Peruvian subsidiary, holds a 100%\ninterest in the Galena Silver Copper Project. On September 24, 2026, Palamina\nis seeking shareholder approval at its annual and special meeting to spin out\nColt Silver Corp. as a standalone public company. Subject to approval from\nPalamina shareholders and the TSX Venture Exchange, Colt is expected to\ncommence trading in October of 2026 on the TSX Venture exchange under the\nsymbol COLT.\n\nColt has received its Ficha Técnica Ambiental (FTA) environmental approval\nfrom the Peruvian Ministry of Energy and Mines (MINEM) for its flagship Galena\nSilver Copper project located in the Puno region of Peru. The FTA authorizes\nthe construction of up to 20 drill pads. Colt is fully funded and there are no\nlimits to the number of holes that may be drilled from each drill pad.\n\n(https://images.newsfilecorp.com/files/4727/311943_535f2cbae4803b38_002full.jpg)\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/4727/311943_535f2cbae4803b38_002full.jpg\n\n\"The Galena Silver Copper Project has never been drilled and sits at the\nintersection of two important regional trends: a northeast-trending belt of\nCarbonate Replacement Deposits (\"CRD\") and a southeast-trending belt of\nporphyry copper deposits. Inaugural drilling will test the CRD potential in\nthe areas of the historic Santa Rosa, Gaspar and Chaparro mines. An initial\n2,500m drilling program is being scheduled to start in October of 2026.\",\ncommented Andrew Thomson, President of Colt Silver.\n\nColt is well positioned with four projects in the historic Santa Lucia\ndistrict. They included the Galena (8,200 Ha), Volcano (6,812 Ha), Esperanza\n(60.75 Ha) and the Sora (3,600 Ha) Projects.\n\nColt's Volcano Project lies between the producing Tacaza copper-silver mine\nand the Berenguela copper-silver-manganese project of Aftermath Silver Ltd\n(\"Aftermath\") (AAG). The Volcano concessions also surround the historic Santa\nBarbara silver-copper mine. Colt's Esperanza Project lies within Aftermath's\nBerenguela claim block and is located approximately ~500m southeast of their\ncurrent resource area. Berenguela, Santa Barbara and Colt's Volcano, Esperanza\nand Galena Projects lie within the northeast-trending belt of CRDs.\n\nColt's Sora Project is contiguous to the Pinaya copper-gold Project. On April\n27, 2026, Panam Copper Corp. (\"Panam\") purchased the Pinaya copper-gold\nproject for US$11 million from Ivanhoe Electric (\"Ivanhoe\") (IE). In 2027,\nPanam Copper is reportedly planning to drill deep targets defined by Ivanhoe's\nTyphoon induced polarization (\"IP\") study to test for a larger porphyry source\nat depth beneath the current copper resource, which outcrops at surface.\nPinaya and Colt's Sora and Galena Projects lie within the regional\nsoutheast-trending belt of porphyry copper deposits.\n\nQualified Person\n\nThe technical information herein has been reviewed and approved by Steve T\nPriesmeyer, C.P.G., a Qualified Person as defined by National Instrument\n43-101. Mr. Priesmeyer acts as a consultant to Palamina.\n\nAbout Palamina\n\nPalamina is a mineral exploration company with 6 gold projects in the Puno\nOrogenic Gold Belt in southeastern Peru and a separate Canadian 100% owned\nsubsidiary, Colt Silver Corp. with seven silver copper assets across\nsoutheastern, northeastern, and central Peru. Colt Silver Corp. is being spun\nout into its own standalone public company to unlock additional shareholder\nvalue. Palamina trades on the TSX Venture Exchange (PA) and the OTCQB (PLMNF).\n\nOn Behalf of the Board of Directors\n\nAndrew Thomson, President\nPhone: (416) 204-7536 or visit www.palamina.com\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nThis news release contains certain \"forward-looking statements\" within the\nmeaning of such statements under applicable securities law. Forward-looking\nstatements are frequently characterized by words such as \"plan\", \"continue\",\n\"expect\", \"project\", \"intend\", \"believe\", \"anticipate\", \"estimate\", \"may\",\n\"will\", \"potential\", \"proposed\" and other similar words, or statements that\ncertain events or conditions \"may\" or \"will\" occur. These statements are only\npredictions. Various assumptions were used in drawing the conclusions or\nmaking the projections contained in the forward-looking statements throughout\nthis news release. Forward-looking statements include, but are not limited to,\nthe use of proceeds of the Offering and the Company's future business plans.\nForward-looking statements are based on the opinions and estimates of\nmanagement at the date the statements are made, and are subject to a variety\nof risks and uncertainties and other factors that could cause actual events or\nresults to differ materially from those projected in the forward-looking\nstatements. The Company is under no obligation, and expressly disclaims any\nintention or obligation, to update or revise any forward looking statements,\nwhether as a result of new information, future events or otherwise, except as\nexpressly required by applicable law. A more complete discussion of the risks\nand uncertainties facing the Company appears in the Company's continuous\ndisclosure filings, which are available at www.sedar.com.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/311943","article_body_html":"","raw_payload":{"data":{"id":"nNFC4fMHkd","title":"Palamina's Colt Silver Spin Out Receives FTA Environmental Permit for the Galena Silver Copper Project in Peru","author":"Newsfile Corp","ticker":"PA","created":"2026-08-28T12:30:14.592Z","tickers":["PA"],"exchange":"","article_body":"Toronto, Ontario--(Newsfile Corp. - August 28, 2026) - Palamina Corp. (TSXV:\nPA) (OTCQB: PLMNF) holds a 100% interest in its Canadian subsidiary, Colt\nSilver Corp. (\"Colt\") which through its Peruvian subsidiary, holds a 100%\ninterest in the Galena Silver Copper Project. On September 24, 2026, Palamina\nis seeking shareholder approval at its annual and special meeting to spin out\nColt Silver Corp. as a standalone public company. Subject to approval from\nPalamina shareholders and the TSX Venture Exchange, Colt is expected to\ncommence trading in October of 2026 on the TSX Venture exchange under the\nsymbol COLT.\n\nColt has received its Ficha Técnica Ambiental (FTA) environmental approval\nfrom the Peruvian Ministry of Energy and Mines (MINEM) for its flagship Galena\nSilver Copper project located in the Puno region of Peru. The FTA authorizes\nthe construction of up to 20 drill pads. Colt is fully funded and there are no\nlimits to the number of holes that may be drilled from each drill pad.\n\n(https://images.newsfilecorp.com/files/4727/311943_535f2cbae4803b38_002full.jpg)\n\nTo view an enhanced version of this graphic, please visit:\nhttps://images.newsfilecorp.com/files/4727/311943_535f2cbae4803b38_002full.jpg\n\n\"The Galena Silver Copper Project has never been drilled and sits at the\nintersection of two important regional trends: a northeast-trending belt of\nCarbonate Replacement Deposits (\"CRD\") and a southeast-trending belt of\nporphyry copper deposits. Inaugural drilling will test the CRD potential in\nthe areas of the historic Santa Rosa, Gaspar and Chaparro mines. An initial\n2,500m drilling program is being scheduled to start in October of 2026.\",\ncommented Andrew Thomson, President of Colt Silver.\n\nColt is well positioned with four projects in the historic Santa Lucia\ndistrict. They included the Galena (8,200 Ha), Volcano (6,812 Ha), Esperanza\n(60.75 Ha) and the Sora (3,600 Ha) Projects.\n\nColt's Volcano Project lies between the producing Tacaza copper-silver mine\nand the Berenguela copper-silver-manganese project of Aftermath Silver Ltd\n(\"Aftermath\") (AAG). The Volcano concessions also surround the historic Santa\nBarbara silver-copper mine. Colt's Esperanza Project lies within Aftermath's\nBerenguela claim block and is located approximately ~500m southeast of their\ncurrent resource area. Berenguela, Santa Barbara and Colt's Volcano, Esperanza\nand Galena Projects lie within the northeast-trending belt of CRDs.\n\nColt's Sora Project is contiguous to the Pinaya copper-gold Project. On April\n27, 2026, Panam Copper Corp. (\"Panam\") purchased the Pinaya copper-gold\nproject for US$11 million from Ivanhoe Electric (\"Ivanhoe\") (IE). In 2027,\nPanam Copper is reportedly planning to drill deep targets defined by Ivanhoe's\nTyphoon induced polarization (\"IP\") study to test for a larger porphyry source\nat depth beneath the current copper resource, which outcrops at surface.\nPinaya and Colt's Sora and Galena Projects lie within the regional\nsoutheast-trending belt of porphyry copper deposits.\n\nQualified Person\n\nThe technical information herein has been reviewed and approved by Steve T\nPriesmeyer, C.P.G., a Qualified Person as defined by National Instrument\n43-101. Mr. Priesmeyer acts as a consultant to Palamina.\n\nAbout Palamina\n\nPalamina is a mineral exploration company with 6 gold projects in the Puno\nOrogenic Gold Belt in southeastern Peru and a separate Canadian 100% owned\nsubsidiary, Colt Silver Corp. with seven silver copper assets across\nsoutheastern, northeastern, and central Peru. Colt Silver Corp. is being spun\nout into its own standalone public company to unlock additional shareholder\nvalue. Palamina trades on the TSX Venture Exchange (PA) and the OTCQB (PLMNF).\n\nOn Behalf of the Board of Directors\n\nAndrew Thomson, President\nPhone: (416) 204-7536 or visit www.palamina.com\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that\nterm is defined in the policies of the TSX Venture Exchange) accepts\nresponsibility for the adequacy or accuracy of this release.\n\nThis news release contains certain \"forward-looking statements\" within the\nmeaning of such statements under applicable securities law. Forward-looking\nstatements are frequently characterized by words such as \"plan\", \"continue\",\n\"expect\", \"project\", \"intend\", \"believe\", \"anticipate\", \"estimate\", \"may\",\n\"will\", \"potential\", \"proposed\" and other similar words, or statements that\ncertain events or conditions \"may\" or \"will\" occur. These statements are only\npredictions. Various assumptions were used in drawing the conclusions or\nmaking the projections contained in the forward-looking statements throughout\nthis news release. Forward-looking statements include, but are not limited to,\nthe use of proceeds of the Offering and the Company's future business plans.\nForward-looking statements are based on the opinions and estimates of\nmanagement at the date the statements are made, and are subject to a variety\nof risks and uncertainties and other factors that could cause actual events or\nresults to differ materially from those projected in the forward-looking\nstatements. The Company is under no obligation, and expressly disclaims any\nintention or obligation, to update or revise any forward looking statements,\nwhether as a result of new information, future events or otherwise, except as\nexpressly required by applicable law. A more complete discussion of the risks\nand uncertainties facing the Company appears in the Company's continuous\ndisclosure filings, which are available at www.sedar.com.\n\n\nTo view the source version of this press release, please visit\nhttps://www.newsfilecorp.com/release/311943"},"type":"article","timestamp":"2026-08-28T12:30:14.661343049Z","server_sent_at_ms":1787920214661},"received_at":"2026-08-28T12:30:14.721Z","source_url":"https://www.newsfilecorp.com/release/311943"},"analysis":{"id":"119262","press_release_id":"130350","analysis_json":{"industry":{"label":"Metals & Mining","sector":"Materials"},"redFlags":[],"eventType":"operations_update","narrative":"Colt Silver, a 100% owned subsidiary of Palamina, received environmental approval (FTA) from the Peruvian Ministry of Energy and Mines for its flagship Galena Silver Copper Project.\n\nThe permit authorizes the construction of up to 20 drill pads, with a fully funded 2,500m inaugural drilling program scheduled for October 2026 to test the project's CRD potential.\n\nPalamina shareholders will vote on September 24, 2026 to spin out Colt as a standalone public company, which is expected to commence trading on the TSX Venture Exchange under the symbol COLT in October.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"FTA permit clears way for October drilling at Galena project ahead of Colt Silver spin-out."},"keyFigures":{"customDimensions":{"sora_project_area_ha":3600,"drill_pads_authorised":20,"galena_project_area_ha":8200,"volcano_project_area_ha":6812,"esparanza_project_area_ha":60.75,"initial_drilling_program_meters":2500}},"quotedText":"The Galena Silver Copper Project has never been drilled and sits at the intersection of two important regional trends: a northeast-trending belt of Carbonate Replacement Deposits (\"CRD\") and a southeast-trending belt of porphyry copper deposits.","namedEntities":{"people":[{"name":"Andrew Thomson","role":"President of Colt Silver"},{"name":"Steve T Priesmeyer","role":"Qualified Person / Consultant"}],"products":["Galena Silver Copper Project","Volcano Project","Esperanza Project","Sora Project","Santa Rosa mine","Gaspar mine","Chaparro mine","Tacaza mine","Berenguela project","Pinaya project"],"companies":[{"name":"Palamina Corp.","ticker":"PA"},{"name":"Colt Silver Corp.","ticker":"COLT","relationship":"subsidiary"},{"name":"Aftermath Silver Ltd.","ticker":"AAG","relationship":"neighbor"},{"name":"Ivanhoe Electric","ticker":"IE","relationship":"neighbor"},{"name":"Panam Copper Corp.","relationship":"neighbor"}],"dollarAmounts":[{"amount":"US$11 million","context":"Panam Copper's purchase of the Pinaya project from Ivanhoe Electric"}]},"materialImpact":{"score":3,"reasoning":"Receipt of the FTA environmental permit de-risks the flagship asset and enables the spin-out and inaugural drilling program. While a significant milestone for a junior explorer, it remains a pre-revenue operational update."},"tickerRelevance":{"others":[{"ticker":"AAG","relevance":"neighbor"},{"ticker":"IE","relevance":"neighbor"},{"ticker":"COLT","relevance":"subsidiary"}],"primary":"PA"},"globalImportance":20,"audienceRelevance":15,"eventTypeSecondary":["other"],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"permit_received","sectorWeight":"mining_exploration"}},"event_type":"operations_update","event_type_secondary":["other"],"sentiment":"bullish","material_impact_score":3,"narrative":"Colt Silver, a 100% owned subsidiary of Palamina, received environmental approval (FTA) from the Peruvian Ministry of Energy and Mines for its flagship Galena Silver Copper Project.\n\nThe permit authorizes the construction of up to 20 drill pads, with a fully funded 2,500m inaugural drilling program scheduled for October 2026 to test the project's CRD potential.\n\nPalamina shareholders will vote on September 24, 2026 to spin out Colt as a standalone public company, which is expected to commence trading on the TSX Venture Exchange under the symbol COLT in October.","key_figures":{"customDimensions":{"sora_project_area_ha":3600,"drill_pads_authorised":20,"galena_project_area_ha":8200,"volcano_project_area_ha":6812,"esparanza_project_area_ha":60.75,"initial_drilling_program_meters":2500}},"named_entities":{"people":[{"name":"Andrew Thomson","role":"President of Colt Silver"},{"name":"Steve T Priesmeyer","role":"Qualified Person / Consultant"}],"products":["Galena Silver Copper Project","Volcano Project","Esperanza Project","Sora Project","Santa Rosa mine","Gaspar mine","Chaparro mine","Tacaza mine","Berenguela project","Pinaya project"],"companies":[{"name":"Palamina Corp.","ticker":"PA"},{"name":"Colt Silver Corp.","ticker":"COLT","relationship":"subsidiary"},{"name":"Aftermath Silver Ltd.","ticker":"AAG","relationship":"neighbor"},{"name":"Ivanhoe Electric","ticker":"IE","relationship":"neighbor"},{"name":"Panam Copper Corp.","relationship":"neighbor"}],"dollarAmounts":[{"amount":"US$11 million","context":"Panam Copper's purchase of the Pinaya project from Ivanhoe Electric"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-08-28T12:37:45.959Z","global_importance":20,"audience_relevance":15,"importance_components":{"tickerTier":"micro-cap","eventGravity":"permit_received","sectorWeight":"mining_exploration"}},"durationMs":null,"modelName":"glm-4.7"}}