Day Trading Reports
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

Day Trading Reports

Investing

Pinnacle Provides Update on Proposed Acquisition of El Potrero Gold-Silver Project in Mexico

by admin January 30, 2025
January 30, 2025
Pinnacle Provides Update on Proposed Acquisition of El Potrero Gold-Silver Project in Mexico

(TheNewswire)

As the proposed acquisition is subject to TSX Venture Exchange (the ‘TSXV’) acceptance and the transaction is considered by the TSXV to be a ‘Fundamental Acquisition’, Section 3.5 of Exchange Policy 3.3 requires regular updates on the progress of the transaction.

As the original Letter of Intent provided for a three-month period to conduct due diligence and sign a Definitive Agreement (the ‘DA’), the Company and the vendor have signed an extension until February 21, 2025 to complete the DA and allow time for a review by the TSXV.  All technical due diligence has been completed, and the requisite NI 43-101 Technical Report has been reviewed and deemed suitable for filing by the TSXV, with the final executed version to be submitted prior to closing.  Initial comments regarding the Title Opinion have been addressed and a revised version has been submitted for review. The preparation of the DA is in the final stages and the concurrent financing is almost complete.  There is no change to the terms of the financing.  Subject to the review process and final acceptance by the TSXV, the Company anticipates that the transaction, including the financing, should close by mid-February.

Pinnacle is focused on district-scale exploration for precious metals in the Americas.  In the prolific Red Lake District of northwestern Ontario, the Company owns a 100% interest in the past-producing, high-grade Argosy Gold Mine and the adjacent North Birch Project with an eight-kilometre-long target horizon . The addition of the high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt will complement the project portfolio and provide the potential for near-term production . With a seasoned, highly successful management team and quality projects, Pinnacle Silver and Gold is committed to building long -term , sustainable value for shareholders.

Signed: ‘Robert Archer’ President & CEO

FOR FURTHER INFORMATION CONTACT:

Email: info@pinnaclesilverandgold.com Tel.: +1-877-271-5886 ext. 110

Website: www.pinnaclesilverandgold.com

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release .

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

previous post
Kingsrose-BHP Alliances Announce High Grade Rockchips and Provide Progress Update
next post
John Kaiser: America’s Resource Sector is No Longer Great, What Will Trump’s Impact Be?

Related Posts

Westport Announces Lock-Up Agreements in Support of the...

May 1, 2025

Altech Batteries LimitedAcquisition of Additional Investments CERENERGY and...

February 28, 2025

Hyundai Builds Rare Earths Stockpile to Offset Supply...

June 11, 2025

Empire Metals Limited to Present at the Metals...

May 3, 2025

RHI: Sandstone Gold Royalty – completion of purchase

June 19, 2025

Finlay Minerals Enters into Earn-In Agreements with Freeport...

April 18, 2025

Mali Court Seizes Control of Barrick Gold Mine...

June 20, 2025

Keith Weiner: All Roads Lead to Gold Right...

March 27, 2025

Tartana receives $275k Beefwood Copper Gold CEI Grant

April 15, 2025

Toyota Shares Hydrogen Roadmap, Highlighting On- and Off-Road...

March 18, 2025

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Editors’ Picks

    • 1

      Forum Energy Metals and Global Uranium Announce Exploration Update on Drill Targeting, Northwest Athabasca Project, Saskatchewan

      January 31, 2025
    • 2

      Mega M&A: Rio Tinto-Glencore Merger Sparks Chatter

      January 28, 2025
    • 3

      Excellent 90% recoveries at Cork Tree Well & Board Update

      February 17, 2025
    • 4

      Financial Agreement signed releasing $2M grant

      January 23, 2025
    • 5

      Netflix shares soar as company reports surging revenue, tops 300 million subscribers

      January 23, 2025
    • 6

      Cyclopharm Signs US Agreement with HCA Healthcare for Technegas®

      January 23, 2025
    • 7

      FDA officially authorizes Zyn nicotine pouches for sale following health review

      January 23, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: daytradingreports.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 daytradingreports.com | All Rights Reserved