Business
Tincorp Announces Definitive Agreement to Acquire the Santa Barbara Gold-Copper Project, Ecuador and Concurrent Best Efforts Offering of Subscription Receipts for up to C$16 Million
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATES.Vancouver, British Columbia--(Newsfile Corp. - February 25, 2026) - Tincorp Metals Inc. (TSXV: TIN) ("Tincorp" or the "Company") is pleased to announce that on February 24, 2026, it entered into a share purchase agreement (the "Agreement") with Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) ("Silvercorp") and its.
About this update from Tincorp Metals Inc
[{"type":"text","content":"THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATES.","length":177,"tagName":"p","attribs":{}},{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - February 25, 2026) - Tincorp Metals Inc. (TSXV: TIN) ("Tincorp" or the "Company") is pleased to announce that on February 24, 2026, it entered into a share purchase agreement (the "Agreement") with Silvercorp Metals Inc. (TSX: SVM) (NYSE American: SVM) ("Silvercorp") and its wholly-owned subsidiary, Adventus Mining Corporation ("Adventus", together with Silvercorp, the "Vendors"). Pursuant to the Agreement, the Company will acquire the Santa Barbara Gold-Copper Project (the "Project"), located in the Zamora Copper-Gold Belt in southeastern Ecuador, through the acquisition of the Vendors' wholly-owned subsidiary, Santa Barbara Metals Inc. (the "Holding Company"), as further described below.","length":849,"tagName":"p"},{"type":"text","content":"Victor Feng, Interim CEO of Tincorp, commented, "We are excited to be acquiring this large gold-copper asset. This is a beneficial transaction for our shareholders, providing exposure to both gold and copper in Ecuador, one of the world's most prolific and emerging mining jurisdictions. We look forward to closing this transaction and moving quickly to upgrade and expand the known resource through future drill programs, creating meaningful value for all stakeholders."","length":485,"tagName":"p"},{"type":"text","content":"Santa Barbara Gold-Copper Project Overview","length":42,"tagName":"p"},{"type":"text","content":"Location and Access","length":19,"tagName":"p"},{"type":"text","content":"The Project is located in the Zamora-Chinchipe Province in southeastern Ecuador, approximately 76 kilometers ("km") east of the city of Zamora, at a low elevation of 1,000-1,100 metres ("m") (Figure 1). Access to the Project is roughly a four-hour drive from the nearest airport at Catamayo city over 161 km of paved road and 13 km of year-round dirt road. The Project holds a valid environmental permit allowing for exploration and drilling activities across six concessions covering an...