Trinity Silver Announces TSXV Conditional Approval of Option Agreement to Acquire the Nueva Chanarcillo Silver Project in Northern Chile
Trinity One clears a $10 million option for its Chilean silver project, with terms matching those of the prior agreement.
Trinity Silver Corp. has received conditional approval from the TSX Venture Exchange to file its option agreement to acquire a 100% interest in the Juan Godoy property, also known as the Nueva Chanarcillo Silver Project, located in northern Chile. The transaction involves a total cash consideration of USD $10 million, payable in four installments over 48 months, subject to a 2.0% Net Smelter Return (NSR) royalty upon exercise. Final acceptance is pending one final document.
The company's subsidiary, Metales de Chile SpA, entered the agreement with an arm's length optionor. The approval follows the initial announcement on August 10, 2026, and subsequent exploration updates in October 2026, including auger sampling of historical tailings reporting grades up to 82 g/t silver.
Trinity One Metals Ltd. (TOM) has cleared a regulatory milestone regarding its previously disclosed asset acquisition, removing a TSXV filing hurdle that allows the company to proceed with the option exercise and advance field programs in Chile. The economic terms, payment schedule, and royalty structure remain unchanged from the August announcement.
The market has already priced in the acquisition and the initial tailings sampling results. This update confirms procedural compliance without introducing new financial or operational surprises. The approval supports the company's strategic expansion into the prolific Atacama silver district but does not alter the near-term cash burn or exploration timeline.
Trinity One Metals Ltd. (TOM) is a junior exploration company with a portfolio spanning Ecuador, Chile, Mongolia, and Australia. The company’s flagship asset is the Silver-1 Mine in Ecuador, a past-producing high-grade silver-lead-zinc vein system. Trinity One Metals closed the acquisition of the Silver-1 Mine in February 2026 and is currently advancing verification programs.
The company also holds the Nueva Chanarcillo Silver Project in Chile, located over the historic Chañarcillo silver mine district, which has an estimated historical production of approximately 100 million ounces. At this stage, no mineral resources or reserves are defined for Trinity One Metals. The company is focused on verifying historical data, conducting geophysical surveys, and advancing toward NI 43-101 compliant resource estimates.