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Los Andes Copper is addressing interest obligations through an unconventional method by issuing new shares. The company plans to issue 8,493 shares to Queen's Road Capital Investment Ltd. to cover $104,973 in interest payments.

The shares will be priced at $12.36 each. This payment pertains to $14 million in convertible debentures issued between 2021 and 2022, which carry an 8% annual interest rate, divided into 5% cash and 3% shares.

Approval from the TSX Venture Exchange is pending. The Vizcachitas project in Chile, one of the largest undeveloped copper-molybdenum porphyry systems in the Americas, is in a critical phase as global copper demand rises due to electrification.