Workflow
Project Consolidation
icon
Search documents
Capitan Silver Executes Definitive Agreement to Acquire Strategic Land Package in Durango, Mexico
Newsfileยท 2025-08-22 11:00
Core Viewpoint - Capitan Silver Corp. has executed a definitive agreement to acquire a strategic land package adjacent to its Cruz de Plata silver project in Durango, Mexico, enhancing its land position and project potential [1][3]. Group 1: Acquisition Details - The acquisition involves seven mineral concessions totaling 2,171.4 hectares, which increases Capitan Silver's total land position in the district by approximately 85% [5]. - The transaction price is set at US$4.0 million, payable in two installments: US$2.0 million upon closing and US$2.0 million due by the second anniversary of the closing [3]. - There are no royalties or share payments associated with this transaction, and it will be submitted for final approval to the Public Registry of Mines [3]. Group 2: Project Expansion - The acquisition expands the surface expression of the silver-gold trend from 2.5 km to 3.7 km, adding an additional 1.2 km to the east [5]. - This consolidation of land allows for potential infrastructure development and optimization of the project design [5]. Group 3: Company Background - Capitan Silver Corp. is a Canadian exploration company focused on advancing its Cruz de Plata silver-gold project in Durango, Mexico, led by a management team with extensive experience in precious-metal operations in the region [8].