Condor Resources, Element79 restructure payment terms for Peru Lucero project sale

Reuters2026/08/10 21:31

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Condor Resources restructured payment terms with Element79 for the sale of the Lucero project in Peru via Calipuy’s acquisition of Minas Lucero del Sur.
Element79 to cure a past-due USD 1.1 million by paying a USD 100,000 deposit now, with USD 1 million due at closing targeted Aug. 25, 2026.
Remaining consideration set at either USD 4.05 million due by July 31, 2027, or milestone-linked payments totaling USD 6 million through 2033.
Security over the Peruvian operating company shares remains in place until all obligations are fully satisfied.

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. Condor Resources Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202608101730ACCESSWRNAPR_____1205768) on August 10, 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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Condor Resources, Element79 restructure payment terms for Peru Lucero project sale

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