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Palamina plans to spin out Colt Silver as a standalone public company after promising geophysical surveys at Galena project in Peru.

Others
02 Jul 2026
Newsfile Corp
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Bullish
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Palamina Corp. is seeking shareholder approval to spin out its subsidiary Colt Silver Corp. as an independent public company. Colt recently completed magnetic and gravity surveys at its Galena silver-copper project in Peru, identifying promising geological structures favorable for mineralization. These findings enhance the potential for silver and copper deposits, with drilling planned to start in fall 2026 to test key targets. This move aims to unlock additional shareholder value by focusing on Colt's assets separately from Palamina's gold projects.

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