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Peruvian Metals Corp. Closes Sale of the Maria Norte Ag-Au-Pb-Zn to Rio Silver Inc.
Edmonton, Alberta--(Newsfile Corp. - December 15, 2025) - Peruvian Metals Corp. (TSXV: PER) ...
About this update from Peruvian Metals Corp.
[{"type":"text","content":"\nPeruvian Metals Corp. Closes Sale of the Maria Norte Ag-Au-Pb-Zn to Rio Silver Inc.Edmonton, Alberta--(Newsfile Corp. - December 15, 2025) - Peruvian Metals Corp. (TSXV: PER) (the \"Company\" or \"Peruvian Metals\") announces that, following regulatory approval, the closing of the previously-announced transaction (the \"Transaction\") with Rio Silver Inc. (\"Rio Silver\") (TSXV: RYO) to sell 100% of the issued and outstanding common shares of Mamaniña Exploraciones S.A.C. (the \"Subsidiary\"), a Peruvian corporation, which holds mining rights in the Maria Norte project (the \"Maria Norte Property\") located in Peru. The details and the terms of the Transaction are summarized in the Company's previous press releases on March 26 and October 28, 2025.Pursuant to the terms of the Transaction, on closing, Rio Silver has acquired from Peruvian 100% of the issued and outstanding common shares of the Subsidiary. In consideration, Rio Silver issued to Peruvian 3,999,999 common shares of the Company, representing 9.27 of the Company's issued and outstanding share capital and in addition, Rio Silver will be paying an aggregate of US$250,000 by making semi-annual payments to Peruvian over a period of five years commencing on June 15, 2025. Jeffrey Reeder, CEO and Chairman of Peruvian Metals, commented: \"We are very pleased to have completed the transaction with Rio Silver. Peruvian Metals now has significant interest in Rio Silver and will indirectly benefit from any exploration or development success. Management has over 30 years of successful exploration experience in Peru and has generated internally several projects that has attracted major mining companies such as Rio Tinto, First Quantum, Rio Alto, IAM Gold and Mexican miner Industrias Peñoles. The Company will continue to focus the Company's direction into the Peruvian gold and silver space in Northern Peru with our Palta Dorada, Yanayco and Minas Vizca projects while enjoying positive cash flow from our Aguila Norte Processing Plant. Peruvian Metal shareholder's will continue to benefit from our Company's ability to identify and acquire prospective mineral projects throughout the country.\" Qualified PersonJeffrey Reeder, P. Geo., is the Qualified Person, as defined in National Instrument 43-101, who has reviewed and approved the technical contents of this rel...