Cartier Provides Update on its Chorrillos Project, Southern Bolivia

Executive Summary

• Cartier Silver confirms that the proposed sale of a 15% equity stake in its Bolivian subsidiary, Minera Cartier Bolivia S.R.L., will not proceed.
• The $500,000 advance payment received from the prospective buyer has been returned to the buyer.
• Cartier Silver retains its 98% ownership interest in Cartier Bolivia.

Key Details

• An agreement‑in‑principle was reached on July 21, 2025 with a Bolivian arm’s‑length party for the sale of a 15% equity interest in Cartier Bolivia for US$500,000.
• No definitive purchase agreement was ever executed; parties mutually terminated negotiations.
• The $500,000 advance payment previously received by Cartier Silver has been returned to the prospective buyer.
• As a result, Cartier Silver continues to hold its 98% equity interest in Minera Cartier Bolivia S.R.L.

Notable Quotes

(No executive quotes were included in the release.)