Business
Quetzal Copper Announces Acquisition of Silverco Mining and Bridge Loan Financing
Vancouver, British Columbia--(Newsfile Corp. - June 26, 2025) - Quetzal Copper Corp. (TSXV: Q) ("Quetzal") is pleased to announce that is has entered into a bin
About this update from Silverco Mining Ltd.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - June 26, 2025) - Quetzal Copper Corp. (TSXV: Q) (\"Quetzal\") is pleased to announce that is has entered into a binding letter of intent (the \"Binding Letter\") with Silverco Mining Corp. (\"Silverco\"), an arm's length party, effective June 25, 2025, pursuant to which Quetzal will acquire all of the issued and outstanding shares of Silverco (the \"Transaction\"). Completion of the Transaction will result in the reverse takeover of Quetzal by Silverco pursuant to the policies of the TSX Venture Exchange (the \"TSX-V\") (with the resulting entity being the \"Resulting Issuer\"). In connection with the Transaction, Quetzal intends to change its name to \"Silverco Mining Ltd.\" and list on the TSX-V as a Tier 2 mining issuer. Silverco owns a 100% interest in the mining concessions comprising the Cusi Mine located in Chihuahua State, Mexico (the \"Cusi Mine\"), and related assets including, among other things, land and land agreements, equipment and environmental permits (collectively with the Cusi Mine, the \"Cusi Property\"). \"I'm excited to lead the Silverco management team as we advance the fully permitted, past-producing Cusi Mining Complex in Chihuahua, Mexico,\" said Mark Ayranto, CEO of Silverco. \"Located in the heart of the prolific Sierra Madre Occidental belt, Cusi benefits from excellent infrastructure, extensive historical workings, and a supportive, mining-friendly jurisdiction. Our near-term focus is on drilling newly-discovered higher-grade mineralized zones and preparing for a restart of operations in 2026. With two rigs currently turning and a strong treasury, Silverco is well positioned to create meaningful shareholder value and transition Cusi into a positive cash-flowing silver mine.\" Cusi Property The Cusi Property is a permitted, past-producing underground silver-lead-zinc-gold project located in the Abasolo Mineral District, within the municipality of Cusihuiriachi in Chihuahua State, Mexico. Positioned approximately 135 kilometers west of the state capital, Chihuahua City, the Cusi Property benefits from excellent infrastructure, including paved highway access and a 33 kV connection to the national power grid. The Cusi Property comprises 95 mineral concessions covering a total area of 16,073 hectares. The Cusi Property hosts multiple historical Ag-Au-P...