Norsemont Mining Inc. Expands Choquelimpie Land Package to 9,048 Hectares

Norsemont Mining Inc. (CSE:NOM; OTCQX:NRRSF; FWB:LXZ1) announced on 6 August 2026 that it has increased the land position at its Choquelimpie project in northern Chile by 3,291 hectares. The total area of the project is now 9,048 hectares, an increase of approximately 57 % from the previously reported 5,757 hectares.

Details of the Expansion

  • Newly staked ground: 3,291 hectares
  • Total project area after expansion: 9,048 hectares
  • Location of new claims: Along established access corridors to facilitate future exploration and development activities
  • Reason for selection: The additional claims were chosen based on ongoing geological interpretations and the recognition of extensions to known mineralized trends identified by Norsemont’s technical team.

Strategic Context

The expansion supports long‑term exploration and development potential at Choquelimpie, which is a gold‑silver‑copper project. By securing a larger land base, Norsemont aims to maintain control over key geological structures and prevent competing claims from intersecting critical mineralization trends. The company’s CEO, Marc Levy, stated that the company is “excited that our geological team has identified” new opportunities within the expanded area.

Company Information

  • Sector: Materials – Metals & Mining
  • Primary Exchange: Canadian National Stock Exchange (CSE)
  • Currency: CAD
  • Market Capitalisation: 71 242 504 CAD (as of the close on 2 July 2026)
  • Close Price (2026‑07‑02): 0.93 CAD
  • 52‑Week High: 1.80 CAD (3 March 2026)
  • 52‑Week Low: 0.64 CAD (20 August 2025)
  • Price‑to‑Earnings Ratio: –3.81

Norsemont Mining Inc. remains an exploration‑stage company based in Vancouver, Canada, focusing on the acquisition, exploration, and development of mineral properties across the country. The company was formerly known as Lornex Capital Inc. and rebranded to Norsemont Capital Inc. in February 2016.

Market Implications

The land expansion at Choquelimpie may enhance the company’s exploration prospects and potentially increase the value of its asset base. Investors should monitor subsequent drilling results and any additional technical reports that detail the nature and extent of the mineralization within the newly claimed areas.