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Silvercorp Metals Completes Acquisition of the Tulkubash/Kyzyltash Gold Projects, Kyrgyzstan
VANCOUVER, BC, Jan. 27, 2026 /CNW/ - Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) ("Silvercorp" or the "Company"), further to its news release of Janu
About this update from Silvercorp Metals Inc.
[{"type":"text","content":" VANCOUVER, BC, Jan. 27, 2026 /CNW/ - Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) (\"Silvercorp\" or the \"Company\"), further to its news release of January 20, 2026, Silvercorp is pleased to announce it has completed the acquisition of Chaarat ZAAV CJSC (\"ZAAV\") per the Share Purchase Agreement with Chaarat Gold Holdings Limited (\"Chaarat\"). The Kyrgyz government having issued a waiver of its statutory pre-emptive right and Silvercorp having made the $92 million payment to Chaarat. Per the agreements between the parties, Silvercorp will proceed to convert ZAAV into a joint venture company (\"JVC\") with Kyrgyzaltyn (a wholly-owned subsidiary of the Kyrgyz Republic), with Silvercorp holding a 70% interest and being the operator of the JVC and Kyrgyzaltyn holding a 30% free-carried interest. The JVC will apply for the agreed upon extension of the validity period of the JVC's mining license from June 25, 2032 to June 25, 2062 and Silvercorp will then make the $60 million cash payment to the National Investment Agency under the President of the Kyrgyz Republic (the \"NIA\"), per the Cooperation Agreement with the NIA. ZAAV, the JVC, is a Kyrgyz corporation, holding a 100% interest in the mining license hosting the fully-permitted Tulkubash/Kyzyltash gold projects as well as surrounding exploration licenses hosting the Karator and Ishakuld gold zones located in the Tian Shan area. King & Wood Mallesons (Beijing office) acted as lead legal counsel to Silvercorp on the transaction. For further details regarding the transaction refer to the January 20 news release which is available on SEDAR+ (www.sedarplus.ca) and on EDGAR at www.sec.gov under Silvercorp's issuer's profile. About Silvercorp Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company's strategy is to create shareholder value by 1) focusing on generating free cash flow from long life mines; 2) organic growth through extensive drilling for discovery; 3) ongoing merger and acquisition efforts to unlock value; and 4) long term commitment to responsible mining and ESG. For more information, please visit our website at www.silvercorpmetals.com. For further information Silvercorp Metals Inc. &nbs...