Business
Trinity One Metals Closes Acquisition of "Silver-1" Historic Silver Mine in Southern Ecuador
Vancouver, British Columbia--(Newsfile Corp. - February 4, 2026) - Trinity One Metals Ltd. (TSXV:...
About this update from Trinity One Metals Ltd.
[{"type":"text","content":"Trinity One Metals Closes Acquisition of \"Silver-1\" Historic Silver Mine in Southern EcuadorVancouver, British Columbia--(Newsfile Corp. - February 4, 2026) - Trinity One Metals Ltd. (TSXV: TOM) (OTC Pink: ARJNF) (FSE: 5D5) (the \"Company\" or \"Trinity One\") is pleased to announce that it has closed its previously announced acquisition (the \"Transaction\") of 100% of the issued and outstanding shares of 1560287 B.C. Ltd. (the \"Target\"). The Target owns 100% of Ecuador Gold S.A. (\"EGE\"), the registered titleholder of the San Bartolomé Project, comprised of the \"Silver-1\" concession (the \"Project\" or \"Silver-1 Mine\").The Silver-1 Mine is a past producing, high grade silver system with multiple clear pathways for modern verification and expansion. Trinity One has obtained full corporate control of the entity that holds the Silver-1 Mine concession and associated historical project data, permitting information, and documentation.The Transaction closed on February 4, 2026 (the \"Closing\") following receipt of final acceptance from the TSX Venture Exchange (the \"TSXV\").Management Commentary\"The acquisition of the Silver-1 Mine represents a significant milestone for Trinity One, securing full ownership of a high grade, past producing silver mine with substantial geological upside,\" said Thomas Wood, Chief Executive Officer of Trinity One. \"With complete control of the concession and access to extensive historical technical and permitting records, the Company is well positioned to efficiently validate prior work and advance Silver-1 toward a modern, compliant resource estimate.\" \"The Silver-1 mine positions Trinity as one of the lowest market cap companies on the TSXV with a past producing silver asset. We're excited to advance this Project quickly and responsibly, starting with a focused confirmation program.\"Transaction SummaryUnder the Transaction, total consideration consisted of: (i) US$540,000 in cash (the \"Cash Consideration\"); and (ii) 5,000,000 common shares of the Company (the \"Consideration Shares\"). The Cash Consideration is payable as follows, with all timelines commencing from the Closing: US$90,000 paid on the Closing; US$50,000 payable on the 6 month anniversary of the Closing; US$200,000 payable on the 13 month anniversary of the Closing; and US$200,000 payable on the 18 month anniversar...