Guanajuato receives cond. OK for Bolanitos acquisition

Executive Summary

• Guanajuato Silver Company Ltd. has received conditional approval from the TSX Venture Exchange (TSXV) to proceed with its previously announced acquisition of the Bolanitos gold-silver mine from Endeavour Silver.
• The company is currently working to satisfy the conditions associated with the TSXV approval and the remaining closing conditions for the transaction.
• CEO James Anderson stated that the acquisition is transformative and positions Bolanitos as the company's most significant mine, with completion targeted for January 2026.

Key Details

• Transaction: Acquisition of the Bolanitos gold-silver mine located in Guanajuato, Mexico.
• Counterparty: Endeavour Silver.
• Regulatory Status: Received conditional approval from the TSX Venture Exchange (TSXV).
• Closing Timeline: The company aims to complete the transaction in January 2026.
• Strategic Impact: CEO James Anderson described the deal as "genuinely transformative," noting that Bolanitos is poised to become Guanajuato Silver's most significant mine.
• Current Operations: Guanajuato Silver currently operates four mines (El Cubo, Valenciana, San Ignacio, and Topia) and three processing facilities, producing silver, gold, lead, and zinc concentrates.

Notable Quotes

• "The acquisition of the Bolanitos mine will be a genuinely transformative transaction for Guanajuato Silver. Bolanitos is poised to become our most significant mine, and we remain on track for completion of the transaction in January, 2026." — James Anderson, Chairman and CEO