Northwire Canada EditionTuesday, September 1, 2026
Northwire
GOLD 4481.50 −1.1% SILVER 66.99 −1.2% COPPER 6.69 +0.5% OIL 85.76 +2.8% PALLADIUM 1379.50 −4.7% LG 0.400 +2.6% PGDC 0.610 +1.7% NCF 0.295 −1.7% GLDN 0.070 +0.0% BRON 0.050 −9.1% LUG 98.71 −1.6% BTR 0.130 +4.0% SVRS 0.560 +0.0% BIG 1.32 +4.8% NMI 0.200 +0.0% NVX 0.580 +0.0% PUMA 0.125 +0.0% MUN 0.395 +1.3% MOLY 1.52 −1.9% CNRI 0.170 +0.0% FRED 0.850 +19.7% GOLD 4481.50 −1.1% SILVER 66.99 −1.2% COPPER 6.69 +0.5% OIL 85.76 +2.8% PALLADIUM 1379.50 −4.7% LG 0.400 +2.6% PGDC 0.610 +1.7% NCF 0.295 −1.7% GLDN 0.070 +0.0% BRON 0.050 −9.1% LUG 98.71 −1.6% BTR 0.130 +4.0% SVRS 0.560 +0.0% BIG 1.32 +4.8% NMI 0.200 +0.0% NVX 0.580 +0.0% PUMA 0.125 +0.0% MUN 0.395 +1.3% MOLY 1.52 −1.9% CNRI 0.170 +0.0% FRED 0.850 +19.7%
M&A / Property Material +

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.

Executive Summary

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.

Material Impact
  • 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.
VIPR · Price
Company Overview

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.

Read the original news release →

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