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IMPACT Silver Announces Option Agreement with J2 Metals Inc. on a Portion of Zacualpan S.E.
Vancouver, British Columbia--(Newsfile Corp. - December 23, 2025) - IMPACT Silver Corp. (TSXV: IP...
About this update from J2 Metals Incorporation
[{"type":"text","content":"IMPACT Silver Announces Option Agreement with J2 Metals Inc. on a Portion of Zacualpan S.E.Vancouver, British Columbia--(Newsfile Corp. - December 23, 2025) - IMPACT Silver Corp. (TSXV: IPT) (OTCQB: ISVLF) (FSE: IKL) (\"IMPACT\" or the \"Company\") announces that it has executed a Letter of Intent to option a portion of the Zacualpan S.E. area, which forms part of the approximately 211 km² Zacualpan Mining District, to J2 Metals Inc. (TSXV: JTWO) (\"J2\"). J2 has renamed the optioned area the \"Sierra Plata Silver-Antimony Project.\" Under the agreement, J2 will conduct exploration on the approximately 22 km² property over a three-year period. The definitive agreement is expected to close within 60 days.Fred Davidson, President and CEO of IMPACT Silver, commented: \"While IMPACT's strategy is focused on near-term increases in brownfield exploration and production opportunities close to our processing facilities, transactions such as this, partnering with a funded and experienced junior exploration team, allow us to unlock additional value and exploration upside without deploying our own financial or human capital. Against a backdrop of record silver prices, our team remains focused on optimizing existing operations, and we are excited to participate in J2's success as it advances exploration across this prospective area.\"The area is located on the northwest extension of the renowned Taxco mining district, a region with a centuries-long history of continuous silver-gold exploration and production. While this specific area lies beyond economical trucking distance of IMPACT's existing processing facilities, IMPACT has completed reconnaissance and limited exploration work on the Property with encouraging results to date, highlighting its standalone exploration potential.Terms of OptionUpon execution of a definitive agreement, J2 may earn a 100% interest in the Property by making staged payments to IMPACT and incurring exploration expenditures, as follows:(i) $250,000 in J2 common share subscription receipts within 3 days of TSX Venture Exchange approval of the LOI.(ii) Approximately $1,353,600 in qualifying exploration expenditures, to be incurred in stages over three years; and(iii) Staged annual payments to IMPACT totalling up to 6,500,000 common shares of J2, with up to 25% of the share value at the time of issuan...