Northwire Canada EditionFriday, November 13, 2026
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Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2% Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2%
Drill Results

IMPACT Silver Announces Option Agreement with J2 Metals Inc. on a Portion of Zacualpan S.E.

Impact Silver Offloads Regional Exploration Risk to Junior Partner to Focus on Ramping Production

By The Northwire Desk — AI Analysis Dec 23, 2025 · 12:53 IPT · 0.37 IMPACT Silver Corp.
Executive Summary

The most recent news (December 23, 2025) announces a definitive option agreement with J2 Metals Inc. regarding a 22 km² portion of IMPACT’s Zacualpan S.E. district (the Sierra Plata Project). Under the terms, J2 Metals can earn a 100% interest by: - Issuing $250,000 in subscription receipts/shares to IMPACT upon approval. - Incurring $1.35 million in exploration expenditures over three years. - Making staged share payments totaling 6,500,000 shares of J2 (with cash options). - IMPACT retains a 1.5% Net Smelter Return (NSR) royalty, half of which can be bought back for $1.5 million.

Material Impact

This news is a classic "project farm-out" strategy. It is materially positive but not a "game-changer" for the current valuation. - Capital Preservation: IMPACT avoids spending its own cash or human resources on regional exploration in the S.E. portion of its district. - Strategic Focus: The company is explicitly prioritizing its core brownfield production at the Zacualpan complex and the Plomosas Zinc mine. - Non-Dilutive Upside: IMPACT gains equity exposure to a junior explorer (J2 Metals) and retains a long-term royalty interest. - Context: Given that IMPACT recently raised $16 million (September 2025) and is still working through the rehabilitation of the Plomosas mine, offloading non-core exploration helps maintain a lean operational focus.

IPT · Price
Company Overview

IMPACT Silver operates two main districts in Mexico: - Zacualpan Silver-Gold District (Flagship): A 211 km² district with multiple producing underground mines and a 500 tpd processing plant. It is currently benefiting from high-grade discoveries like the Kena Vein. - Plomosas Zinc-Lead-Silver Mine: Acquired in 2023. This is a high-grade carbonate replacement deposit (CRD). The company is currently ramping this mine up to be a secondary revenue driver.

Read the original news release →

More from IMPACT Silver Corp.

Oct 13, 2026 · 08:01

Plomosas is shut and written down again while Capire’s growth plan carries no specific numbers.

Production / Operations Aug 20, 2026 · 17:35

IMPACT reported a year-over-year increase in Q2 production, though sequential grade declines and persistent drag from the Plomosas deposit impacted margins.

Earnings Jun 15, 2026 · 14:02

Impact reports high-grade silver extensions at Noche Buena, extending mine life despite Plomosas suspension and dilutive financing.

Drill Results May 25, 2026 · 10:15

Impact Silver Monetizes Sierra Plata Asset Following Record Q1 Profitability

M&A / Property May 20, 2026 · 07:31

IMPACT Silver posts record Q1 profit of $11.3M as tripled revenue and higher grades make the case for a re‑rating, but suspended Plomosas remains a drag.

Earnings Apr 21, 2026 · 09:01

IMPACT Silver pivots to Zacualpan core asset after Plomosas suspension, high-grade vein extension offers operational lifeline

Drill Results