04:48 PM EDT, 06/30/2025 (MT Newswires) -- Eloro Resources ( ELRRF ) after trade Monday said it updated its payment plan with Empresa Minera Villegas for the remaining US$4.45 million needed to acquire 100% ownership of the Iska Iska silver-tin project in Bolivia.

Under the new agreement, Eloro will receive a US$1.8 million credit for exploration work already done on the nearby Mina Casiterita property. The remaining payments will be US$1 million due on July 15 and US$1.65 million due on Jan. 6, 2026.

In addition, Eloro has amended its option agreement for the Mina Casiterita and Mina Hoyada properties. Once mining rights are officially granted and regulatory approvals are in place, Eloro will pay US$1.8 million within 12 months and issue 200,000 common shares to the current titleholder when the property transfer is finalized, the company said.

Eloro shares closed unchanged at $1.27 on the Toronto Stock Exchange.