Mercado Minerals signs deal to acquire Concordia Silver

Executive Summary

• Mercado Minerals Ltd. signed a definitive share purchase agreement to acquire 100% of Concordia Silver Company SA de CV, adding the Copalito and Zamora silver‑gold properties in Sinaloa, Mexico.
• Consideration consists of $105,000 cash plus issuance of six million common shares to Concordia shareholders, with additional earn‑out share issuances of two million shares on each of the first and second anniversaries of closing.
• A finder's fee of 300,000 common shares will be paid to an arm’s‑length introducer; share resale restrictions will lift in four equal tranches over 24 months.

Key Details

• Agreement Date: September 26 2025.
• Target: Concordia Silver Company SA de CV (all outstanding share capital).
• Assets Acquired: Two mineral properties – Copalito and Zamora – located in Sinaloa, Mexico, containing silver‑gold resources.
• Cash Consideration: US$105,000 payable at closing.
• Equity Consideration:
• 6 million Mercado common shares issued to Concordia shareholders at closing.
• Additional 2 million shares to vendors on the first anniversary of closing.
• Further 2 million shares to vendors on the second anniversary of closing.
• Share Resale Restrictions: Issued shares subject to lock‑up; released in four equal tranches every six months over a 24‑month period.
• Finder’s Fee: 300,000 Mercado common shares payable to an arm’s‑length party that introduced Concordia.
• Board/Management Impact: No changes to the board or management are contemplated.
• Closing Conditions: Subject to customary closing deliverables; acquisition not expected to constitute a fundamental change or trigger a change of control under Canadian securities law.

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.