ExGen Signs Binding LOI to Acquire Silver Stream on Past-Producing Gold Mine

Core Viewpoint - ExGen Resources Inc. has entered into a binding letter of intent to acquire a silver stream from a past-producing gold mine in Chile, marking its first silver stream agreement [1][2]. Group 1: Transaction Details - ExGen paid US$500,000 for a 33.4% silver stream until 333,334 ounces of silver are delivered, followed by a 16.7% silver stream on any additional silver produced [2]. - The transaction includes a requirement for PrivateCo to deliver a minimum of 4,200 ounces of silver to ExGen each calendar quarter starting from the second quarter of 2027 [6]. - If the quarterly minimum is not met, the vendor will compensate ExGen with an equivalent value of gold [6]. Group 2: Company Background - ExGen is a project accelerator focused on funding exploration and development through joint ventures and partnerships, aiming to reduce risks while maintaining exposure to potential discoveries [5]. - The company currently has seven projects in Canada and the US, indicating a diverse portfolio across various commodity groups [5].