ExGen signs second LoI for silver stream acquisition on South American gold mine

Core Viewpoint - ExGen Resources has secured a second silver stream tied to a former gold mine in South America, effectively doubling its silver streaming interest at the site [1][2]. Group 1: Agreement Details - ExGen has paid $500,000 for a 33.3% silver stream on the first 333,333 ounces of silver produced from the property, with a 16.7% silver stream on additional production beyond that threshold [2]. - For deliveries under Silver Stream 2, ExGen will pay PrivateCo 20% of the spot silver price as quoted on a mutually agreed major exchange [2]. Group 2: Future Projections - Starting in Q2 of 2027, PrivateCo is required to deliver a minimum of 4,200 ounces of silver to ExGen each calendar quarter [3]. - If PrivateCo fails to meet this quarterly minimum, it will compensate ExGen with the equivalent value in gold [4]. Group 3: Strategic Positioning - ExGen's CEO stated that securing two silver streams builds a strong foundation for potential future cash flow, positioning the company to capitalize on silver price momentum and drive long-term value [3]. - ExGen will have the right of first participation in any future streaming or royalty deals that PrivateCo undertakes on the property [4].