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Quetzal Copper Corp ( (TSE:SICO) ) has shared an announcement.
Silverco Mining Ltd. has provided additional details on its proposed acquisition of Nuevo Silver Inc., which holds the rights to acquire 100% of the producing La Negra silver mine in Querétaro, Mexico under a share purchase agreement. Nuevo Silver, an Ontario corporation with cash and contractual rights to the La Negra Mine as its only assets, raised over US$30 million via subscription receipts in late 2025, with funds held in escrow pending completion of the mine acquisition and related conditions. Silverco plans to issue 16.8 million of its own shares to Nuevo Silver shareholders, with the transaction being struck at a higher valuation than the original purchase terms for La Negra due to a substantial rise in silver prices and improved cash flow potential as a legacy silver forward sale contract has rolled off. Insider participation in Nuevo Silver’s financing is limited, and Silverco will obtain a technical report on La Negra as a condition to closing, underscoring the strategic importance of the asset as Silverco seeks to leverage the stronger silver price environment and enhance its production profile.
More about Quetzal Copper Corp
Silverco Mining Ltd. is a Vancouver-based mining company focused on silver production and development. Through its proposed acquisition of Nuevo Silver Inc. and, indirectly, the producing La Negra Mine in Querétaro, Mexico, the company is positioning itself to expand its operational footprint and exposure to rising silver prices in the global precious metals market.
Average Trading Volume: 104,608
Technical Sentiment Signal: Buy
See more data about SICO stock on TipRanks’ Stock Analysis page.