Defiance Silver Signs Long-Term Access Agreement at Its Green Earth Project, Sonora

Core Viewpoint - Defiance Silver Corp. has secured a long-term surface access agreement for the Victoria target at its Green Earth Project in Sonora, Mexico, which is crucial for advancing exploration and development in a capital-efficient manner [1][2]. Company Developments - The five-year agreement allows the company to conduct surface exploration, drilling, and engineering studies at the Green Earth Project [1]. - The Victoria target is a large, previously untested porphyry copper-molybdenum-gold system located in the Sonora Laramide Porphyry Copper Belt, known for hosting world-class deposits [2]. - The Green Earth Project covers approximately 6,800 hectares and benefits from excellent infrastructure, year-round access, and proximity to skilled labor and services [2]. Stock Options and Awards - Defiance has granted a total of 2,720,000 incentive stock options to employees, directors, and consultants at an exercise price of $0.35, with a five-year exercise period and vesting over three years [4]. - An aggregate of 289,000 Deferred Share Units has been granted to certain directors, vesting on the one-year anniversary of the grant [5]. - A total of 458,000 Performance Share Units have been granted to employees, vesting on the one-year anniversary subject to performance criteria [6]. - An aggregate of 314,000 Restricted Share Units has been granted, vesting equally over three years starting from the one-year anniversary of the grant [7]. Company Overview - Defiance Silver Corp. is focused on advancing district-scale precious and base metal projects in Mexico, led by a management team experienced in exploration and development [8].