Kuya Silver signs LoI to acquire SMRL Camila

Core Viewpoint - Kuya Silver has signed a letter of intent to acquire 100% of Sociedad Minera de Responsabilidad Limitada Camila 2008, marking a significant step in the vertical integration of silver production in Peru [1] Group 1: Acquisition Details - Kuya Silver will purchase SMRL Camila for $7.8 million (C$10.57 million), subject to standard conditions [2] - The Camila plant currently processes 150 tonnes per day (tpd) and plans to increase capacity to between 300 and 350 tpd after the acquisition [2] Group 2: Strategic Implications - The acquisition supports Kuya Silver's strategy to develop in-house processing capacity, enabling vertical integration and capturing operating synergies [3][4] - Direct ownership of the Camila plant will provide strategic advantages such as complete control over processing schedules and ore blend strategies, improving operational flexibility [5] Group 3: Location and Infrastructure - The Camila plant is located 164 km from Kuya Silver's Bethania Silver Project and 48 km from Huancayo, a major city in Junín [3] - The plant is already connected to the regional hydroelectric grid, enhancing its operational efficiency [5]