Acquisition preferred, joint venture considered

Minera Pafex, S.A. de C.V. is offering the Charay Project to a select group of qualified counterparties.

Preferred structure: outright acquisition

Pafex’s preference is a sale of 100% of the Charay concessions. The asset supports a clean transfer: titles in good standing to 2041–2054 held by a single corporate owner, organized documentation, three decades of continuous surface and community relationships, and no legacy encumbrances from prior operators.

Considered: joint venture with the right operator

For an operator with district experience — ideally with in-region processing capacity — Pafex will consider a joint venture or earn-in structure that reflects the project’s de-risked status. This is not an early-stage earn-in priced on prospectivity: the ground is titled, the high-grade mineralization is drilled and check-assayed, the metallurgy is demonstrated at commercial scale, and the mine has produced — most recently under a documented 2014–15 production JV.

Structures are evaluated on how they recognize that status: meaningful consideration at signing, milestones tied to permitting and first ore rather than open-ended exploration spend, and a retained interest or royalty where the structure warrants it. Pafex is a long-term holder with no forced-sale pressure; the counterparty and the terms both have to fit.