Eric Sprott Announces Acquisition of Common Shares of Silverco Mining Ltd.

The most recent news, dated October 20, 2025, announces that renowned mining investor Eric Sprott has acquired 4,637,960 common shares of the newly formed Silverco Mining Ltd. This acquisition was part of the closing of the Reverse Takeover (RTO) of Quetzal Copper Corp. by Silverco Mining Corp. Sprott's shares were acquired at a deemed price of $1.60 per share for a total consideration of approximately $7.42 million. This gives him ownership of approximately 14.2% of the resulting company.

This is a game-changing event for the company. The investment by Eric Sprott, a highly influential figure in the precious metals sector, provides immense validation for the new company, its management team, and its flagship Cusi mine project.

Chronological Context: * Quetzal's Decline (2024 - mid-2025): The historical news paints a grim picture of Quetzal Copper Corp. The company was a struggling copper explorer with projects that failed to deliver. It faced a Cease Trade Order in June 2024 for late filings, cancelled financings, and its Cristinas project in Mexico was deemed not worthy of further exploration in September 2024. Its financials as of June 30, 2025, showed a company on the brink of insolvency with only $33k in cash against over $1.2 million in liabilities. * The Transformation (June - October 2025): The announcement on June 26, 2025, of a binding LOI for an RTO with private company Silverco Mining Corp. marked a complete pivot. Quetzal would become a shell for Silverco's assets (the Cusi Mine), its experienced management team, and its stronger financial backing (Silverco had raised $25M privately). Quetzal disposed of all its previous mineral assets as part of the deal. * The Validation (October 20, 2025): The RTO closing was expected, but Sprott's participation as a cornerstone investor was not. His investment at $1.60 per share does three critical things: 1. Credibility: It provides an unparalleled stamp of approval, attracting significant attention from retail and institutional investors. 2. Valuation Benchmark: It establishes a firm valuation floor at $1.60 per share (a pro-forma market cap of over $50 million), a world away from the near-worthless Quetzal shell. 3. Access to Capital: Future financing rounds required to restart and explore the Cusi mine will be significantly easier and likely on better terms.

In essence, a failing exploration shell has been completely reborn into a well-capitalized silver developer with a permitted, past-producing asset, a proven management team, and now, a legendary strategic investor. This news is not just positive; it fundamentally changes the investment thesis and potential of the company.

Silverco Mining Ltd. is the resulting public entity from the RTO of Quetzal Copper Corp. by Silverco Mining Corp. The company has pivoted entirely from copper exploration to silver development.

The company's flagship asset is the 100% owned Cusi mine project, located in Chihuahua, Mexico. The Cusi mine is a permitted, past-producing underground silver-lead-zinc-gold project situated in the prolific Sierra Madre Occidental belt. A key advantage is the existing infrastructure, which includes a 1,200-tonne-per-day mill, permitted tailings capacity, a connection to the national power grid, and paved highway access. The new management team, led by CEO Mark Ayranto (formerly of Victoria Gold), has a strong track record in mine development and operations.