Discovery Announces Resource Development Agreement with Taykwa Tagamou Nation
Rhea-AI Summary
Discovery Silver (OTCQX: DSVSF) announced on October 21, 2025 that it has entered into a Resource Development Agreement (RDA) with Taykwa Tagamou Nation (TTN).
The RDA creates a framework for consultation, collaboration and support of Discovery’s mining and mineral processing activities within TTN’s traditional territory, and is intended to share economic benefits with TTN members while minimizing environmental impacts. In connection with the RDA, TTN will file a notice of discontinuance in the Ontario Superior Court of Justice with respect to an action that previously named Discovery as a defendant.
The release notes the RDA is subject to conditions precedent and includes forward-looking statements about anticipated benefits, implementation, and risks including permits, commodities prices, and availability of water, power and labour.
Positive
- Resource Development Agreement signed with Taykwa Tagamou Nation on Oct 21, 2025
- TTN will file a notice of discontinuance in the Ontario Superior Court of Justice
- RDA provides a framework to support Discovery’s mining and mineral processing activities in TTN territory
Negative
- Anticipated RDA benefits are subject to conditions precedent
- Implementation risks include timing of permits and availability of water, power and labour
News Market Reaction 1 Alert
On the day this news was published, DSVSF declined 13.79%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
RDA Agreement establishes framework for a cooperative, mutually beneficial and respectful relationship between Discovery and TTN
TORONTO, Oct. 21, 2025 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) (“Discovery” or the “Company”) today announced that the Company and Taykwa Tagamou Nation (“TTN”) have entered into a Resource Development Agreement (“RDA”). The RDA is intended to establish a framework for ongoing consultation and communication for the purpose of establishing a cooperative, mutually beneficial and respectful relationship between the parties and provide a basis for support of Discovery’s mining and mineral processing activities within TTN’s traditional territory.
Tony Makuch, Discovery’s CEO, commented: “We are honored to have entered into this agreement with TTN and wish to thank the band council and particularly Chief Bruce Archibald for their trust in us and commitment to working together. This agreement provides the framework for responsible development within their traditional territory, ensuring that the members of TTN share in the economic benefits of our business operations and participate in our efforts to respect the land and waters, minimizing negative impacts and supporting the prosperity of other local communities. We have tremendous respect for all of our First Nations partners, and value the many agreements that have been achieved and the mutual benefits that have resulted.”
In connection with the entering into the RDA, TTN will file a notice of discontinuance in the Ontario Superior Court of Justice with respect to an action brought by TTN which named the Company as a defendant.
ABOUT DISCOVERY
Discovery is a growing North American-focused precious metals company. The Company has exposure to silver through its first asset, the
On Behalf of the Board of Directors,
Tony Makuch, P. Eng
President, CEO & Director
For further information contact:
Mark Utting, CFA
SVP Investor Relations
Phone: 416-806-6298
Email: mark.utting@discoverysilver.com
Website: www.discoverysilver.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This press release contains forward-looking statements relating to expected future events, including without limitation the impact, benefits and implementation of the RDA, the satisfaction of all conditions precedent relating to the RDA, the realization of anticipated benefits relating to the RDA including but not limited to the Company’s growth and development plans, and the discontinuance of the legal action brought by TTN against the Company, all of which involve risks and uncertainties. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. Actual results and growth plans may change, and may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including the impossibility to satisfy the conditions precedent set out in the RDA, market and general economic conditions (including as a result of tariffs and other trade measures); price of gold and other commodities; timing of receipt of permits, availability of water and power, availability of labour and other local economics, and the other risks and uncertainties discussed in the materials filed by the Company with the Canadian securities regulatory authorities and available on SEDAR+ at www.sedarplus.ca.
Due to the potential impact of these factors, Discovery disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.
FAQ
What did Discovery (DSVSF) announce on October 21, 2025?
How does the RDA with Taykwa Tagamou Nation affect Discovery’s operations (DSVSF)?
Will the legal action involving Taykwa Tagamou Nation and Discovery (DSVSF) continue?
Are the expected benefits of the RDA for Discovery (DSVSF) guaranteed?
Where can investors find more details about Discovery’s risk factors related to the RDA (DSVSF)?
