Mercado Minerals Signs Definitive Agreement to Acquire Concordia Silver

Executive Summary

• Mercado Minerals signed a definitive share purchase agreement to acquire 100 % of Concordia Silver Company S.A. DE C.V., adding the Copalito and Zamora silver‑gold properties in Sinaloa, Mexico to its portfolio.
• Consideration consists of US$105,000 cash plus an initial issuance of 6,000,000 common shares, with additional share issuances of 2,000,000 shares on each of the first two anniversaries of closing.
• A finders’ fee of 300,000 common shares will be paid to the introducer; no board or management changes are anticipated and the transaction is not expected to trigger a change‑of‑control.

Key Details

• Acquisition Target: Concordia Silver Company S.A. DE C.V., holder of the Copalito and Zamora mineral properties (silver‑gold) in Sinaloa, Mexico.
• Purchase Price – Cash Component: US$105,000 payable at closing.
• Purchase Price – Equity Component:
• Initial issuance of 6,000,000 Mercado common shares to Concordia shareholders (“Vendors”).
• Additional issuances: 2,000,000 shares on the first anniversary of closing and another 2,000,000 shares on the second anniversary.
• Share Resale Restrictions: The initial 6,000,000 consideration shares will be released in four equal tranches every six months over a 24‑month period.
• Finders’ Fee: 300,000 Mercado common shares payable to an arm’s‑length party that introduced Concordia.
• Closing Conditions: Subject to customary closing deliverables; transaction remains at arm’s length from both parties.
• Governance Impact: No changes to the board of directors or senior management are planned; the deal is not expected to constitute a fundamental change or trigger a change‑of‑control under CSE rules.
• Previous Disclosures: References to earlier Mercado press releases dated June 11 2025 and July 28 2025 for additional context on the acquisition process.

Notable Quotes

“This is an important development for Mercado, as we continue to expand our project portfolio. Our due diligence reviewing the assets in Concordia leaves us to believe we have lots of exploration upside. I look forward to working with our team in Mexico as we advance Copalito and Zamora.” – Daniel Rodriguez, CEO & Director, Mercado Minerals Ltd.