Arizona Metals Corp. announced that it has completed the acquisition of 100% of a private land parcel totaling 46.4 acres located 950 metres northeast of its Kay Mine Deposit. The Property was acquired from an arm's length California-based public company.

The Property includes the surface, mineral, and water rights, among other rights and benefits. Transaction Details The Company made total payments of $2,500,000 to the Vendor as consideration for a 100% interest in the Property. The terms of the Purchase Agreement included a due diligence period which ended in November, 2023.

The Company has sufficient financial resources to acquire this additional private land while also meeting its current exploration objectives, with $40 million in the treasury as of September 30, 2023.