Business
SILVER VIPER MINERALS ANNOUNCES BINDING AGREEMENT TO ACQUIRE THE CONETO SILVER-GOLD PROJECT IN DURANGO, MEXICO
Silver Viper Minerals Corp.("Silver Viper" or the "Company") is pleased to announce that it has entered into a binding term sheet dated October 27, 2025 with Fresnillo plc ("Fresnillo") and Orex Minerals Inc. (TSX-V: REX) ("Orex", together with Fresnillo, the "Vendors") to acquire 100% ownership of the Coneto Silver-Gold Project ("Coneto" or the "Coneto Project") located in Durango, Mexico (the "Acquisition").
About this update from Fresnillo Plc
[{"type":"text","content":"Adam Cegielski added to Silver Viper Board ","length":42,"tagName":"p","attribs":{}},{"type":"text","content":"VANCOUVER, BC, Oct. 28, 2025 /CNW/ - Silver Viper Minerals Corp.("Silver Viper" or the "Company") is pleased to announce that it has entered into a binding term sheet dated October 27, 2025 with Fresnillo plc ("Fresnillo") and Orex Minerals Inc. (TSX-V: REX) ("Orex", together with Fresnillo, the "Vendors") to acquire 100% ownership of the Coneto Silver-Gold Project ("Coneto" or the "Coneto Project") located in Durango, Mexico (the "Acquisition").","length":535,"tagName":"p"},{"type":"image","alt":"Silver Viper Minerals Logo (CNW Group/Silver Viper Minerals Corp.)","displaySize":"","headline":null,"caption":"Silver Viper Minerals Logo (CNW Group/Silver Viper Minerals Corp.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":132,"url":"https://media.zenfs.com/en/cnwgroup.com/f0eecf3eb412777003b43b763d644831"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/0CrBjm7XU9U4JfW1LDZs3w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIzMztjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/f0eecf3eb412777003b43b763d644831","width":400,"height":132}},"href":"https://mma.prnewswire.com/media/2806810/Silver_Viper_Minerals_Corp__SILVER_VIPER_MINERALS_ANNOUNCES_BIND.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Acquisition Summary","length":19,"tagName":"p"},{"type":"text","content":"Silver Viper will acquire the Vendors' combined interests in Coneto — 61.21% held by Fresnillo and 38.79 % held by Orex — consisting of all of the outstanding shares of the corporate joint venture which currently holds the Coneto Project, through an all-share transaction. Key transaction terms are:","length":303,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"Valuation: The transaction values the Coneto Project at US$15 million (approximately C$21 million) (the "Purchase Price").","length":137,"tagName":"p"}]},{"val":[{"type":"text","content":"Consideration: common shares of Silver Viper (the "VIPR Shares"), at a deemed price of C$0.80 per VIPR Share, to be issued to the Vendors as satisfaction of the Purchase Price (to be converted to Canadian dollars on the...