Core Viewpoint - The silver mining sector is experiencing a land acquisition trend driven by strong demand and a supply deficit since 2021, with companies like Apollo Silver Corp. actively expanding their land packages and developing projects to increase production [4][20]. Company Summaries Apollo Silver Corp. - Apollo Silver Corp. has acquired 2,215 hectares of claims, known as the Mule claims, which expands its Calico Project land package by over 285%, increasing it from 1,194 hectares to 3,409 hectares [8][10]. - The Mule claims are strategically located along the mineralized Calico Fault System, which has shown potential for high-grade silver targets identified by previous operators [5][10]. - Preliminary mapping and sampling have indicated several strong silver and gold anomalies, with assay peaks reaching 14.10 g/t Au and 20.70 g/t Ag [9][10]. - The company plans to conduct follow-up exploration programs to further evaluate the potential of the newly acquired claims [10]. Pan American Silver Corp. - Pan American Silver Corp. announced a definitive agreement to acquire MAG Silver Corp. for approximately $2.1 billion, which includes $500 million in cash and shares, representing premiums of about 21% to 27% over MAG's recent share prices [12][13]. - The acquisition will enhance Pan American's portfolio with the high-grade Juanicipio mine, which is expected to significantly increase its exposure to silver production [13][20]. - Existing MAG shareholders will own approximately 14% of Pan American's shares post-acquisition, benefiting from a larger, diversified silver and gold producer [12]. Dolly Varden Silver Corporation - Dolly Varden Silver Corporation has completed the acquisition of the Kinskuch Property for $5 million, significantly increasing the size of its Kitsault Valley Project to approximately 77,000 hectares [15][16]. - The Kinskuch Property is adjacent to the Kitsault Valley Project and is considered highly prospective for silver, gold, and copper mineralization [15][16]. First Majestic Silver Corp. - First Majestic Silver Corp. completed its acquisition of Gatos Silver, integrating a high-quality, long-life operation into its portfolio, with Gatos Silver now a wholly-owned subsidiary [19][20]. - The merger received overwhelming shareholder approval, with approximately 98.44% of First Majestic's shareholders and 99.23% of Gatos Silver's stockholders voting in favor [18][20].

Company Overview - Vast Resources plc is an AIM quoted mining company with operations in Romania, Tajikistan, and Zimbabwe [5] - The company focuses on advancing high-quality mining projects and recommencing production at previously operating mines [5] Registered Office Change - The registered office of Vast Resources has been changed to c/o Arch Law Limited, Huckletree Bishopsgate, 8 Bishopsgate, London EC2N 4BQ, effective immediately [2] Romanian Operations - Vast holds a 100% interest in Vast Baita Plai SA, which owns the Baita Plai Polymetallic Mine, with a JORC compliant Reserve & Resource Report indicating an initial production life of approximately 3-4 years and a total mineral resource of 15,695 tonnes copper equivalent [6] - The company is working on confirming an enlarged exploration target of up to 5.8 million tonnes [6] - Vast also owns the Manaila Polymetallic Mine, which is being prepared for reactivation after a period of care and maintenance, and has received an Extended Exploitation Licence for further resource examination [7] Tajikistan Operations - Vast has a joint venture interest in the Takob Mine processing facility, which is fully financed and will provide a 12.25% royalty on all sales of non-ferrous concentrate and other metals produced [9] - The company is contracted to develop and manage the Aprelevka gold mines, entitled to 10% of the earnings from Gulf International Minerals Ltd's 49% interest in the joint venture with the Tajik government [10] - Aprelevka currently produces approximately 11,600 ounces of gold and 116,000 ounces of silver annually, with plans to increase production towards historical peak levels of approximately 27,000 ounces of gold and 250,000 ounces of silver per year [10] Zimbabwe Operations - Vast maintains a presence in Zimbabwe and is re-engaging its investment strategy, initiating discussions for further mining concessions [8]