Ajax Resources Unit Signs Option Deal to Buy Argentinian Prospect

08:38 AM EST, 12/22/2025 (MT Newswires) -- Ajax Resources' (AJAX.L, AJAX.AQ) Argentinian subsidiary, Puna Metals, signed a conditional option-to-purchase agreement for the Rachaite polymetallic exploration prospect in Argentina. Under the deal signed with a local miner, the natural resources investor will pay $20,000 in shares and $380,000 in cash, according to a Monday filing. It will also need to invest $200,000 in exploration and related studies over the 36-month term of the agreement from the receipt of the exploration environmental impact assessment. The project comprises a single exploration license, Mina Chocaya.