Core Viewpoint - Salazar Resources Limited has finalized a definitive agreement to acquire exploration properties in Ecuador from Silvercorp Metals Inc, enhancing its ownership in key projects and positioning itself for future growth [1][2]. Group 1: Transaction Details - The agreement involves the transfer of shares from Silvercorp's subsidiaries to Salazar, granting full ownership of the Santiago and Pijili Projects, which Salazar previously held a 20% interest in [2][7]. - The transaction includes a net smelter return (NSR) royalty structure, with Salazar acquiring an 80% interest in both the Santiago and Pijili Projects, and a 100% interest in the Tarqui and Quimi Projects, each subject to a 1.5% NSR royalty [6]. Group 2: Future Plans - The company plans to finalize an agreement for the farm-out of the Tarqui and Quimi projects, aiming to retain at least a 25% interest while receiving cash and equity in return for work commitments [3]. - A non-refundable payment of US$200,000 has been received from an Ecuadorian company, providing exclusivity for the upcoming agreements [3]. Group 3: Company Background - Salazar Resources is focused on exploration and development in Ecuador, with a strong understanding of the local geology and a pipeline of copper-gold projects [4]. - The company has a 25% carried interest in its maiden discovery, Curipamba, and is actively engaged with local communities through initiatives like The Salazar Foundation [4].