en.Wedoany.com Reported - Great Southern Copper, a UK company focused on copper, gold, and silver exploration in Chile's Coquimbo region, announced the issuance of 868,436 ordinary shares as partial payment for its Artemisa project acquisition, utilizing a non-monetary financing structure to advance its corporate strategy.

The new shares were issued at a price of £0.0262 per share, representing partial payment to the project seller. This is a common mechanism for junior exploration companies to acquire mining assets using a combination of cash and shares.

The company has applied to the London Stock Exchange (LSE) for the listing of the new shares, expected to be completed on July 2. Upon completion, the total number of ordinary shares in issue for Great Southern Copper will increase to 770,953,490, which also represents the total voting rights.

This announcement also updates the company's shareholding structure to comply with the UK Financial Conduct Authority's (FCA) transparency requirements regarding changes in total share capital and voting rights.

Through this transaction, Great Southern Copper continues to advance the consolidation of its exploration project portfolio in Chile. Chile hosts multiple copper, gold, and silver projects for the company, amid rising global attention on critical minerals related to the energy transition.

One of Great Southern Copper's key assets is the Especularita project in Chile's coastal belt, for which the company holds an option to acquire 100% mining rights. The project also benefits from strategic infrastructure such as roads, electricity, and ports. The regional mineralization potential is diverse, including copper deposits associated with porphyry and IOCG systems, as well as intrusion-related copper, gold, and silver targets.

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