April 30, 2024
GR Silver Mining Ltd. (TSXV:GRSL, BUY, C$0.80 target, Taylor Combaluzier) announced that it intends to sell its 100% share in Marlin Gold Mining Ltd., to Mexico-based WP Servicios Industriales (Private). With this transaction, GR is disposing of its nine non-core concessions, located adjacent to its flagship Plomosas Ag project in Mexico. As per the agreement, GR is to transfer all existing assets, obligations and rights of Marlin to WP in exchange for a 0.5% NSR on the properties and a 10-year right of first refusal on any other disposition of concessions by WP. We view this agreement positively as it allows GR to enhance its financial position by eliminating most of its working capital deficit while maintaining its entire resource inventory of ~135M oz AgEq at Plomosas. Read more
Company Specific Disclosure Details
GR Silver Mining Ltd. – TSXV:GRSL – 1,2,3
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