On August 19, 2026, 37 Capital Inc., based in Vancouver, British Columbia, announced that it has entered into an option and asset purchase agreement with Quimbaya Gold Corp. This agreement, dated August 18, 2026, provides 37 Capital the opportunity to acquire a mineral property located in Colombia, thereby facilitating its growth in the mineral exploration sector. The partnership with Quimbaya, which includes its wholly-owned subsidiary, aims to capitalize on the geological potential of the designated areas in Colombia.
While specific financial terms of the agreement have not yet been revealed, the acquisition is seen as a strategic move for 37 Capital as it seeks to diversify its portfolio and enhance its presence in the resource sector. Analysts suggest that operations in Colombia can yield substantial minerals, potentially benefiting the company in the long run.
Further details about the timeline of the acquisition and subsequent operational plans are anticipated, as the companies work together on the next steps regarding exploration activities and development milestones.
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