Golden Arrow Completes Sale of San Pietro Copper Assets

Golden Arrow Resources Corporation (GRG) has completed the sale of its copper assets at the San Pietro Project to Capstone Copper Corp. The transaction was announced on June 23, 2026, and approved by disinterested shareholders on August 21, 2026.

As part of the deal, New Golden Exploration Chile SpA (NGE), a joint venture owned by Golden Arrow and Sociedad de Servicios Andinos SPA, received approximately US$25 million in Capstone shares. The value was calculated using the volume-weighted average closing price of Capstone's common shares for 10 trading days ending two business days prior to closing.

Golden Arrow subsidiary New Golden Explorations Atlantida Ltd. also received Capstone shares, although some were withheld for taxes payable in Chile and an advisory fee was deducted.