Toronto, Ontario--(Newsfile Corp. - January 29, 2026) - Eloro Resources Ltd. (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) ("Eloro", or the "Company") is pleased to announce that it has paid all option payments payable to Empresa Minera Villegas SRL ("Minera Villegas") to complete the option held by its Bolivian subsidiary, Minera Tupiza SRL ("Minera Tupiza") to acquire a 99% joint venture interest in the Iska Iska silver-tin polymetallic project in Potosí, Bolivia ("Iska Iska"). Eloro made the final payment of US ...

Core Viewpoint - Silvercorp Metals is acquiring a 70% interest in the Tulkubash and Kyzyltash gold projects in Kyrgyzstan for $162 million, aiming to enhance its mining portfolio and production capabilities [1][2]. Group 1: Acquisition Details - Silvercorp has signed a share purchase agreement with Chaarat Gold and a cooperation agreement with the National Investment Agency of Kyrgyzstan [1]. - The acquisition includes control over Chaarat ZAAV CJSC, which holds mining and exploration licenses in the Tian Shan region, and will be converted into a joint venture with Kyrgyzaltyn [2]. Group 2: Financial Commitments and Development Plans - Silvercorp will make staged payments totaling $70 million to the National Investment Agency, contingent on government approvals and extending the mining license to 2062 [3]. - The development plan consists of two phases: the first phase involves constructing a four million tonnes per annum open-pit mine at Tulkubash, expected to start production between 2027 and 2028, with an investment of $150 million [3][4]. Group 3: Production Expectations - The first phase aims for an annual output of approximately 110,000 ounces of gold over three to four years [4]. - The second phase targets the Kyzyltash sulphide deposit development from 2028 to 2031, involving around $400 million, with production expected to yield 190,000 to 230,000 ounces of gold annually for more than 18 years [4][5]. Group 4: Resource Estimates - The Tulkubash project has a measured and indicated resource of 856,000 ounces of gold at a grade of 1.36 grams per tonne, with an inferred resource of 100,000 ounces at 1.37 grams per tonne [6]. - The Kyzyltash project holds a measured and indicated resource of 6.02 million ounces of gold at a grade of 2.57 grams per tonne, along with 18.7 million ounces of silver at 8 grams per tonne [6][7].

Core Viewpoint - Highlander Silver Corp. is set to acquire Bear Creek Mining Corporation through an amended arrangement agreement, streamlining the process by removing the requirement for a special shareholder meeting of Highlander Silver [1][3]. Group 1: Acquisition Details - The amended and restated arrangement agreement (A&R Arrangement Agreement) updates the original agreement from December 18, 2025, allowing Highlander Silver to acquire all outstanding common shares of Bear Creek that it does not already own [1]. - The original agreement required a special meeting of Highlander Silver's shareholders to approve the issuance of shares related to the acquisition, but this requirement has been removed due to the exercise of sufficient share purchase warrants [2][3]. - A special meeting of Bear Creek's securityholders is scheduled to approve the arrangement and related matters by February 19, 2026, with materials to be mailed around January 21, 2026 [3]. Group 2: Company Profiles - Highlander Silver focuses on advancing the San Luis gold-silver project in Peru, which has indicated mineral resources of 356,000 ounces of gold at 24.4 g/t and 8.4 million ounces of silver at 579 g/t, ranking among the top 10 highest-grade projects globally [5]. - Bear Creek is a precious metals producer with significant assets, including the Corani Project in Peru, one of the largest fully permitted silver deposits, and the Mercedes mine in Mexico, which generates cash flow and has exploration potential [6].

Core Viewpoint - Galantas Gold has signed an agreement to acquire a 100% ownership interest in the Andacollo Oro gold project in Chile, which is expected to significantly reposition the company in the mining sector [1][3]. Group 1: Project Details - The Andacollo Oro gold project is located in the Coquimbo Region of Chile, approximately 55km from La Serena, and features existing infrastructure and permits for an open-pit heap leach gold mine [1]. - Historical mineral resource estimates indicate measured and indicated resources totaling 2.02 million ounces (moz) of gold, with an inferred resource of 5.06 moz [2]. Group 2: Acquisition Structure - The acquisition involves a cash consideration of $32 million (C$44.17 million) over four years, contingent upon regulatory approvals [5]. - The transaction includes acquiring Sol de Oro Mining, which owns Compañía Minera OXI, and subsequently Compañía Minera e Inmobiliaria Dragones, the project owner [4]. Group 3: Strategic Implications - The project has a nameplate capacity of 200,000 ounces per annum from an Adsorption–Desorption–Recovery plant, providing multiple development pathways and options for Galantas [4]. - The acquisition is seen as a strategic move to enhance the company's portfolio with a large-scale, past-producing gold asset in a well-established mining district [3].

Core Points - Forrestania Resources has extended its option agreement with Hyden Resources to acquire 100% of Hyden Project Holdings, which includes the Lady Ada and Lady Magdalene gold deposits in Western Australia [1][4] - The revised agreement allows Forrestania to extend the option for additional one-month periods by providing written notice at least five business days before the current expiry date, with an extension fee of $60,000 for each month [2] - Half of any option extension fee paid prior to exercising the option will be deducted from the cash consideration upon completion, and Forrestania will also cover minimum expenditure commitments on the Hyden Project during the option period [3] Company Strategy - Forrestania Resources is focused on building a portfolio of high-quality gold projects across Western Australia's mining districts and is expanding its presence in the Southern Cross, Eastern Goldfields, and Forrestania regions through exploration and selective acquisitions [4] - The company has also announced a conditional scrip takeover bid for Kula Gold, proposing an exchange of one Forrestania share for every 5.6 shares of Kula Gold, valuing Kula at a 41% premium to its ten-day volume-weighted average price as of October 10 [5]

Core Viewpoint - Gold X2 Mining Inc. is set to acquire Kesselrun Resources Ltd. in a strategic move to consolidate its land position in the Shebandowan Greenstone Belt, enhancing its exploration potential and development capabilities [1][2][3]. Transaction Overview - The definitive agreement, dated September 30, 2025, outlines that Gold X2 will acquire all outstanding common shares of Kesselrun [1]. - The acquisition includes Kesselrun's Huronian Gold Project, a high-grade past-producing mine adjacent to Gold X2's Moss Gold Project [2]. - The transaction is expected to be completed by November 27, 2025, pending necessary approvals [8]. Financial Terms - Kesselrun shareholders will receive $0.02 in cash and 0.2152 common shares of Gold X2 for each Kesselrun share held, resulting in Kesselrun shareholders owning approximately 4.13% of Gold X2 post-transaction [4]. - Gold X2 will also assume Kesselrun's outstanding debt of $2 million and provide a $500,000 interest-free bridge loan to Kesselrun [7]. Approvals and Conditions - The transaction requires approval from at least 66⅔% of Kesselrun shareholders and is subject to regulatory approvals, including TSXV [6][8]. - The boards of both companies have approved the transaction, and Kesselrun's board received a fairness opinion regarding the deal [11][12]. Project Details - Kesselrun holds a 100% interest in the Huronian Gold Project, covering approximately 5,160 hectares, and is located in a highly prolific mining area [16]. - Gold X2's Moss Gold Project has a mineral resource estimate of 1.54 million ounces of Indicated gold resources and 5.20 million ounces of Inferred gold resources [17]. Strategic Implications - The acquisition is seen as a pivotal step for Gold X2 to enhance its resource growth and development synergies, positioning the company for long-term value creation [3][21]. - The combined projects are expected to deliver significant shareholder value and capitalize on the growth potential of the Huronian Gold Project [3][21].

Core Viewpoint - Torex Gold Resources Inc. has entered into a definitive agreement to acquire Prime Mining Corp., which includes the Los Reyes gold-silver project, enhancing Torex's asset base and growth potential in Mexico [1][2]. Transaction Overview - The transaction will result in Torex owning a 100% interest in the Los Reyes project, which has a combined resource of approximately 1.5 million ounces of gold and 54 million ounces of silver in the Indicated category [2]. - Prime Mining shareholders will receive 0.060 of a common share of Torex for each Prime Mining share held, representing a 32.4% premium to the 30-day volume-weighted average price of Prime Mining shares [2][3]. - The equity value for Prime Mining is approximately $449 million (US$327 million) based on the exchange ratio [2]. Strategic Rationale and Benefits - The acquisition diversifies Torex's asset base by adding a high-quality advanced exploration/development-stage asset in Mexico, significantly enhancing its growth potential [4]. - The Los Reyes project increases Torex's Measured and Indicated Resources by 32% to 6.2 million ounces of gold and Inferred Resources by 44% to 1.8 million ounces of gold [4]. - The project adds substantial silver exposure, with 54 million ounces in the Indicated category and 21.6 million ounces in the Inferred category [4]. - There is significant exploration upside at Los Reyes, with multiple high-grade discoveries and open mineralization zones [4]. Financial and Market Impact - Upon completion, Torex will issue approximately 10.5 million shares to Prime Mining shareholders, who will own about 10.7% of Torex [3]. - The transaction enhances Torex's capital markets profile, with a market capitalization of approximately US$2.7 billion, increasing market presence and trading liquidity for Prime Mining shareholders [8]. - The acquisition is expected to leverage Torex's strong balance sheet and free cash flow to fund the development of Los Reyes while remaining cash flow positive [8]. Approval and Governance - The transaction requires approval from at least 66.67% of Prime Mining shareholders and is subject to customary regulatory approvals [11][13]. - Key shareholders of Prime Mining, owning 23% of shares, have entered into voting support agreements to favor the transaction [12][19]. - The Board of Directors of both companies have unanimously approved the transaction, with fairness opinions received from financial advisors [18][20].