SILVER VIPER MINERALS ANNOUNCES EXECUTION OF DEFINITIVE AGREEMENT TO ACQUIRE THE CONETO SILVER-GOLD PROJECT
Silver Viper transforms into a district-scale Mexican silver player through strategic Fresnillo-backed acquisition and massive capital injection.

The most recent news (March 16, 2026) confirms the execution of a definitive agreement to acquire 100% of the Coneto Silver-Gold Project in Durango, Mexico, from Fresnillo plc and Orex Minerals. This follows the binding term sheet announced in October 2025. The acquisition is an all-share transaction valued at US$15 million, involving the issuance of 25,531,875 shares. Crucially, Ruben Alvidrez (linked to Luca Mining) joins the board, and the company recently closed a significantly upsized $17 million CAD private placement to fund its expanded 2026 exploration strategy.
- Strategic Transformation: The acquisition of Coneto is a "Game Changer" for a junior explorer. It moves Silver Viper from a single-asset focus (La Virginia) to a multi-project portfolio including a district-scale asset in the heart of Mexico’s silver belt.
- Institutional Validation: The presence of Fresnillo plc (a world-class silver producer) as a ~17% shareholder post-closing provides immense technical and strategic validation.
- Capital Strength: The company successfully raised $17M CAD in late 2025, a massive increase from its previous cash position of ~$3.2M in Sept 2025. This ensures the 2026 exploration program is fully funded without immediate dilution risk.
- Management Bench Strength: The appointment of a new CFO (Rakesh Malhotra) and high-profile advisors from Discovery Silver (Andreas L'Abbé and Gernot Wober) suggests the company is scaling up for a major development phase.
Silver Viper is a Canadian junior explorer focused on Mexico. - Flagship Project: La Virginia (Sonora, Mexico), a 100% owned gold-silver project with established mineralization at El Rubi. - New Core Asset: Coneto (Durango, Mexico), a district-scale silver-gold project with extensive vein architecture, now 100% owned (pending closing) after buying out Fresnillo and Orex.