Hayasa Metals signs term sheet for strategic exploration alliance with major miner in Armenia

Bitget2026/09/21 11:32

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Hayasa Metals executed a non-binding term sheet dated Sep. 17, 2026 with a major mining company for a strategic exploration alliance.
Alliance targets copper exploration in a defined area of interest in southern Armenia, focused on large-scale discovery potential in the Tethyan Belt.
Major mining company funds a two-year alliance phase; minimum spend of USD 1 million in the area of interest triggers an option path.
Option structure: earn 51% in a designated project with USD 1 million over two years; increase to 70% with USD 3 million over three years.
Joint venture may form at 51% or 70%; Hayasa can defer its funding share for 18 months post-formation.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hayasa Metals Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202609210730NEWSFILECNPR____20260921_315122_1) on September 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Hayasa Metals signs term sheet for strategic exploration alliance with major miner in Armenia

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