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Arcus Development and Core Silver Provide Update on Proposed Business Combination to Create Tintina Belt Exploration Company Anchored by the Touleary VMS Discovery
View the Corporate Presentation Outlining the Transaction and Strategic Rationale VANCOUVER, BC / ACCESS Newswire / June 17, 2026 / Arcus Development Group
About this update from Core Silver Corp.
View the Corporate Presentation Outlining the Transaction and Strategic Rationale VANCOUVER, BC / ACCESS Newswire / June 17, 2026 / Arcus Development Group Inc. ("Arcus") (TSXV:ADG) and Core Silver Corp. ("Core Silver") (CSE:CC)(FSE:8ZR)(OTCQB:CCOOF) (together, the "Companies") are pleased to provide an update on the proposed business combination first announced on April 27, 2026 (link), pursuant to which Core Silver would acquire all of the issued and outstanding shares of Arcus on a 1:1 share exchange basis (the "Proposed Transaction"). If the transaction is completed, the Combined Company would emerge with approximately $6.5 million CAD in cash and a strengthened platform to advance multiple exploration projects concurrently. As previously announced, Core Silver and Arcus also entered into an option agreement dated April 26, 2026 whereby Arcus granted Core Silver an exclusive option to earn a 20% interest in Arcus' Touleary project (the "Touleary Project"). Core Silver would earn the interest by incurring no less than $2,000,000 in exploration expenditures on the Touleary Project on or before the first anniversary of the option. Highlights:The Touleary Project is fully permitted for drilling in 2026.Eight drill-ready target areas identified.Existing VMS discovery from 2011 drilling completed by Arcus:Drill Hole TL-11-01 returning 6.09m of 1.37% Cu, 14.5g/t Ag, & 0.80 g/t Au from 85.61m depth.Drill Hole TL-11-05 returning 14.15m of 1.45% Cu, 16.4 g/t Ag, & 0.73g/t Au from 124.5m depth.Broader 1.2 km geophysical and geochemical anomaly remains largely untested outside the 2011 discovery area.Exposure to both copper and precious metals.Located near proposed Northern Gateway infrastructure corridor."The proposed combination provides Arcus shareholders with continued exposure to Touleary while adding the scale, treasury and broader asset base needed to advance a district-scale exploration strategy," said Darryl Jones, Interim CEO of Arcus. "Touleary has a drill-confirmed VMS discovery, multiple untested targets and permits in place for the 2026 field season. We believe the combined company would be well positioned to unlock the project's potential." "This transaction represents an important step forward in the evolution of Core Silver," said Nicholas Rodway, President & CEO. "By acquiring Arcus, we would create a stronger and more diversified ex...