en.Wedoany.com Reported - Mustang Minerals Limited announced that it has signed a Stock Purchase Agreement (SPA) with Minerales Críticos De México, SAPI de CV, a Mexican critical minerals company, to sell all its interests in the porphyry copper-gold project "El Cobre" located in Mexico. The transaction consideration is $1.5 million in cash.

The deal includes the transfer of 100% of the shares of Minera Alondra SA de CV, an indirectly wholly-owned Mexican subsidiary of Mustang Minerals that holds the mining rights for this energy asset. According to the company's statement, both parties operate as independent entities, so no intermediary commissions or fees are involved. Currently, the final closing of the agreement is subject to relevant regulatory approvals, including clearance from the TSX Venture Exchange.

Mustang Minerals President J. Duane Poliquin stated that this strategic divestiture marks a turning point for the organization. Poliquin explained that with the sale of El Cobre, the company is now fully focused on copper-gold projects in Nevada, USA, and this transaction provides the necessary liquidity to advance the 2026 exploration program in the coming weeks.

The company's exploration assets in central Nevada are considered highly prospective for porphyry mineralization and high-sulfidation systems. Notable projects include Red Ring and Confusion Hills, which have surface gold potential, and the Piloto project, focused on copper-gold deposits. The company will complete and submit its mining exploration plan within the year.