Cartier Provides Update on its Chorrillos Project, Southern Bolivia

Rhea-AI Summary

Cartier Silver (CRTIF) announced the proposed sale of a 15% equity interest in its Bolivian subsidiary, Minera Cartier Bolivia, will not proceed and that the US$500,000 advance has been returned. The company continues to hold a 98% equity interest in Cartier Bolivia.

An agreement in principle had been reached on July 21, 2025, but no definitive agreement was signed; parties have terminated efforts to conclude the transaction and funds advanced were returned to the potential buyer.

Positive

• Maintains 98% ownership of Minera Cartier Bolivia
• Returned the US$500,000 advance, preserving balance sheet clarity

Negative

• Expected US$500,000 proceeds from 15% sale were not realized
• No definitive agreement was signed, leaving planned strategic partnership undone

Toronto, Ontario--(Newsfile Corp. - January 28, 2026) - Cartier Silver Corporation (CSE: CFE) ("Cartier Silver" or the "Company") reports that, further to its press release dated July 31, 2025, the proposed sale of a 15% equity interest in its Bolivian subsidiary, Minera Cartier Bolivia S.R.L. ("Cartier Bolivia") will not proceed. The funds that were advanced to Cartier Silver in respect of the proposed sale have been returned by Cartier Silver to the potential buyer. Accordingly, the Company continues to hold its 98% equity interest in Cartier Bolivia.

Although an agreement in principle was reached on July 21, 2025, with a Bolivian-based arm's length party to acquire a 15% equity interest in Cartier Bolivia for proceeds of US$500,000, a definitive agreement formalizing the transaction was not concluded. The parties have agreed to terminate their efforts to settle the terms of such an agreement and accordingly, the US$500,000 advance payment has been returned by Cartier Silver.

About Cartier Silver Corporation

Cartier Silver is an exploration and development Company focused on discovering and developing its recently acquired silver property assets, including the Chorrillos Project and claims staked by the Company's subsidiary, all of which are located in the Potosi Department of southern Bolivia. The Company also holds significant iron ore resources at its Gagnon Holdings in the southern Labrador Trough region of east-central Quebec, and the Big Easy gold property in the Burin Peninsula epithermal gold belt in the Avalon Zone of eastern Newfoundland & Labrador.

For further information please visit Cartier Silver's website at www.cartiersilvercorp.com

For further information please contact:

Thomas G. Larsen Chief Executive Officer (800) 360-8006 (416) 360-8006

Jorge Estepa Vice-President (800) 360-8006 (416) 360-8006

 

The CSE has not reviewed nor accepts responsibility for the adequacy or accuracy of this release.

Statements in this release that are not historical facts are "forward-looking statements" & readers are cautioned that any such statements are not guarantees of future performance, & that actual developments or results, may vary materially from those in these "forward-looking statements".

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/281975

FAQ

Why did Cartier Silver (CRTIF) cancel the 15% sale of Cartier Bolivia on January 28, 2026?

The sale was canceled because no definitive agreement was finalized despite an earlier agreement in principle. According to Cartier Silver, the parties agreed to terminate negotiations and the advance payment was returned to the potential buyer.

What ownership stake does Cartier Silver (CRTIF) now hold in Minera Cartier Bolivia after the canceled sale?

Cartier Silver continues to hold a 98% equity interest in Minera Cartier Bolivia. According to Cartier Silver, the returned advance means ownership percentages remain unchanged and no dilution occurred from the proposed 15% transaction.

What happened to the US$500,000 advance related to the proposed 15% equity sale announced earlier in 2025?

The US$500,000 advance was returned to the potential buyer after the transaction failed to close. According to Cartier Silver, the company repaid the advance and therefore did not record proceeds from the proposed sale.

Does the canceled 15% sale of Cartier Bolivia affect Cartier Silver (CRTIF) funding or cash position?

The company did not receive the anticipated US$500,000 proceeds from the sale, so planned funding was not realized. According to Cartier Silver, the advance was returned, so there is no cash inflow from that transaction.

Was there any binding agreement for the 15% sale of Cartier Bolivia before termination on January 28, 2026?

No definitive, binding agreement was signed to complete the sale of the 15% interest. According to Cartier Silver, only an agreement in principle existed and parties mutually ended efforts to finalize terms.