Sendero Resources Corp. has received renewed exploration permits from the Provincial Government of La Rioja and Mining Minister Federico Bazán for its 100%-owned Peñas Negras property in Argentina’s Vicuña Copper-Gold Belt. The approvals extend existing authorizations and permit full geological mapping, trenching, drilling and resource definition across the 211.77 km² concession, which lies 18 km southeast of Lundin’s Caserones mine, 24 km northeast of NGEx’s Lunahuasi project and 32 km north-northeast of the Filo del Sol development stage deposit. Management highlights that the permit renewals de-risk the regulatory pathway, reinforce support from local authorities and pave the way for a planned 10,000-metre drill campaign targeting multiple porphyry and high-sulfidation epithermal zones identified along known mineralized trends.

On January 26, Sendero closed a C$2.0 million non-brokered private placement with a single natural resources institutional investor, issuing 1,739,131 shares at C$1.15 each—a premium to the company’s prior financing. Aggregate proceeds from this and an earlier financing now total C$6.06 million, earmarked for the upcoming drill program and broader exploration expenditures at Peñas Negras, plus general working capital. Post-closing, the investor holds approximately 6.7% of the issued common shares on a non-diluted basis. The new shares are subject to a four-month and one-day statutory hold, with closing contingent on TSX Venture Exchange approval and other customary regulatory conditions.