Business
Questcorp Mining and Riverside Resources Consolidate Key Mineral Concessions for the La Union Project in Sonora, Mexico
Vancouver, British Columbia--(Newsfile Corp. - March 18, 2026) - Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the "Company" or "Questcorp") is p
About this update from Questcorp Mining, Inc.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - March 18, 2026) - Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the \"Company\" or \"Questcorp\") is pleased to announce the successful consolidation of key mineral concessions within the La Union Project district in Sonora, Mexico, through the completion of the final payment and transfer of mineral title from Pacific Comox S.A. de C.V. to Riverside Resources Inc.'s wholly owned Mexican subsidiary, RRM Exploración S.A.P.I. de C.V. The transaction completes the acquisition of three mineral concessions: La Famosa, Dana 7, and Dana 7 which form an important portion of the southern part of the La Union Project district. These concessions are mineral titles 199006, 220840, and 220841, with validity extending from 1994 through 2044 and 2003 through 2053, respectively. This long-term validity and fully titled status fit with the rest of the district mineral titles that the Company is advancing through its spring 2026 mineral exploration program. This transaction secures clear title to strategically important concessions within the southern portion of the La Union Project and strengthens the Company's ability to advance exploration and evaluate potential development opportunities. The concessions were originally secured through an exploration agreement signed in August 2021 between RRM Exploración S.A.P.I. de C.V. and Pacific Comox S.A. de C.V., which provided Riverside with an option to purchase the claims within a five-year period (2021-2026). With the completion of the final payment of US$125,000, Riverside has now exercised the purchase option, and the titles have been formally transferred to Riverside. The total consideration for the acquisition amounts to US$175,000, and notably no net smelter royalty (\"NSR\") or any other type of royalty is attached to this transaction. The concessions form an important component of the southern portion of the La Union Project district and align with the Company's broader land position ahead of its planned spring 2026 exploration program. \"We are pleased to complete the consolidation of the Famosa area within the Union Project, securing full ownership with no royalty burden for the transaction on these key concessions,\" said John-Mark Staude, President and CEO, Riverside Resources Inc. \"This strengthens our district-scale land pos...