VANCOUVER, BC / ACCESS Newswire / July 9, 2026 / Core Silver Corp. (CNSX:CC)(FSE:8ZR)(OTCQB:CCOOF) ("Core Silver") and Arcus Development Group Inc. (TSXV:ADG) ("Arcus", and together with Core Silver, the "Companies") are pleased to announce that, further to their joint news releases dated April 27, 2026 and June 17, 2026, they have entered into an arrangement agreement dated July 9, 2026 (the "Agreement") for an at-market business combination. Pursuant to the Agreement, Core Silver will acquire all of the issued and outstanding common shares of Arcus (each whole such common share, an "Arcus Share", and collectively, the "Arcus Shares") on a 1:1 basis (the "Exchange Ratio") in an all share transaction pursuant to a court-approved plan of arrangement (the "Transaction").
Nicholas Rodway, President and CEO of Core Silver, stated: "The Transaction represents an important step forward in the evolution of Core Silver. By acquiring Arcus, we would create a stronger and more diversified exploration company with exposure to multiple district-scale opportunities including Touleary within the Tintina Gold Belt. We believe the combined company, assuming completion of the Transaction, will be well positioned to pursue new discoveries in a region that is rapidly emerging as one of the most prospective mineral belts in North America."
Darryl Jones, Interim CEO of Arcus, further commented: "The proposed Transaction 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. 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."
Benefits to Shareholders
Combining Arcus and Core Silver unlocks benefits for both sets of shareholders that would be unavailable on a standalone basis, including:
Continued Exposure and Diversification: for Arcus Shareholders, an opportunity to maintain exposure to the Touleary Property and diversifying their portfolio by gaining exposure to Core Silver's Blue Property in the Atlin area of northwestern British Columbia, Canada.
Addition of Property: for Core Silver shareholders, the acquisition of Arcus' Touleary Property, consisting of 397 contiguous mineral claims located in west-central Yukon Territory, provides exposure to a highly prospective property that is fully permitted for drilling in 2026 with eight identified drill-ready target areas.
Enhanced Market Profile and Financial Capacity: exposure to a combined company with an enhanced capital markets profile, with improved access to capital and an increased capacity to advance its exploration properties.
Synergies: a combined company that has two complementary exploration platforms focused in Canada, expected to result in synergies and improved operational and corporate efficiencies.
Strengthened Leadership: a combined leadership team with a strong track record of excellent corporate governance and operational execution in the exploration space.