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Quetzal Copper Corp ( (TSE:SICO) ) has issued an announcement.
Silverco Mining Ltd. has signed a binding letter to acquire Nuevo Silver Inc., which holds an agreement to purchase 100% of the producing La Negra silver mine in Querétaro, Mexico, in a share-based, three-cornered amalgamation that will leave Nuevo Silver shareholders with about 34% of the combined company. The deal, billed by management as transformative, immediately converts Silverco from a developer into a cash-flow-generating producer, adds roughly US$8 million in cash, diversifies its asset base with an operating Mexican mine and team, and is expected to complement the planned restart of its wholly owned Cusi property later in 2026 as the company pursues a rapid expansion in silver-equivalent output; however, Silverco will also assume approximately US$11 million in La Negra–related debt plus up to US$17.5 million in milestone and contingent payments, and the closing remains subject to regulatory approvals, completion of Nuevo Silver’s mine acquisition, technical due diligence, a board fairness opinion and other customary conditions, including related-party considerations under MI 61-101.
More about Quetzal Copper Corp
Silverco Mining Ltd. is a Vancouver-based precious metals company focused on silver production and development in Mexico. It owns a 100% interest in the 11,665-hectare Cusi Project in Chihuahua State, located within the prolific Sierra Madre Occidental gold-silver belt, and is positioning itself as a mid-tier silver producer with a growing portfolio of Mexican assets.
Average Trading Volume: 98,048
Technical Sentiment Signal: Buy
For a thorough assessment of SICO stock, go to TipRanks’ Stock Analysis page.