Peruvian Metals Corp. Closes Sale of the Maria Norte Ag-Au-Pb-Zn to Rio Silver Inc.
Rhea-AI Summary
Peruvian Metals (OTC: DUVNF) announced the closing of its previously disclosed sale of 100% of Mamaniña Exploraciones S.A.C., the holder of the Maria Norte project, to Rio Silver (TSXV: RYO) following regulatory approval.
Consideration: Rio Silver issued 3,999,999 common shares to Peruvian Metals (≈9.27% of Rio Silver) and agreed to aggregate US$250,000 in semi-annual payments over five years starting June 15, 2025.
The company says it retains indirect exposure to Maria Norte through its Rio Silver stake and will continue focusing on Palta Dorada, Yanayco, Minas Vizca and operations at the Aguila Norte processing plant.
Positive
- 3,999,999 Rio Silver shares received, ~9.27% ownership
- US$250,000 secured via five-year payment schedule
- Maintains indirect exposure to Maria Norte through equity holding
- Continued operations and cash flow from Aguila Norte plant
Negative
- Asset sale removes 100% direct ownership of Maria Norte
- Consideration includes deferred payments subject to counterparty risk
News Market Reaction – DUVNF
On the day this news was published, DUVNF gained 21.43%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Edmonton, Alberta--(Newsfile Corp. - December 15, 2025) - Peruvian Metals Corp. (TSXV: PER) (the "Company" or "Peruvian Metals") announces that, following regulatory approval, the closing of the previously-announced transaction (the "Transaction") with Rio Silver Inc. ("Rio Silver") (TSXV: RYO) to sell
Pursuant to the terms of the Transaction, on closing, Rio Silver has acquired from Peruvian
Jeffrey Reeder, CEO and Chairman of Peruvian Metals, commented: "We are very pleased to have completed the transaction with Rio Silver. Peruvian Metals now has significant interest in Rio Silver and will indirectly benefit from any exploration or development success. Management has over 30 years of successful exploration experience in Peru and has generated internally several projects that has attracted major mining companies such as Rio Tinto, First Quantum, Rio Alto, IAM Gold and Mexican miner Industrias Peñoles. The Company will continue to focus the Company's direction into the Peruvian gold and silver space in Northern Peru with our Palta Dorada, Yanayco and Minas Vizca projects while enjoying positive cash flow from our Aguila Norte Processing Plant. Peruvian Metal shareholder's will continue to benefit from our Company's ability to identify and acquire prospective mineral projects throughout the country."
Qualified Person
Jeffrey Reeder, P. Geo., is the Qualified Person, as defined in National Instrument 43-101, who has reviewed and approved the technical contents of this release.
About Peruvian Metals Corp.
Peruvian Metals Corp. is a Canadian exploration and mineral processing company. Our business model is to provide clients with toll milling services and produce high-grade marketable concentrates from mineral purchases. The Aguila Norte processing plant has an environmental permit ("IGAC") from the Peruvian government which provides the Company with the ability to expand operations past the current 100 tonnes per day level. The Company continues to acquire and develop precious and base metal properties in Peru.
ON BEHALF OF PERUVIAN METALS
CORP.
(Signed) Jeffrey Reeder
For additional information, contact:
Jeffrey Reeder, C.E.O.
Telephone: (647) 302-3290
Email: jeffrey.reeder@peruvianmetals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclosure Regarding Forward-Looking Statements: This press release contains certain "Forward-Looking Statements" within the meaning of applicable securities legislation. We use words such as "might", "will", "should", "anticipate", "plan", "expect", "believe", "estimate", "forecast" and similar terminology to identify forward looking statements and forward-looking information. Such statements and information are based on assumptions, estimates, opinions, and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking statements and information involve known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and information and accordingly, readers should not place undue reliance on such statements and information. Risks and uncertainties are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions, and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements and forward-looking information.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278049
FAQ
What did Peruvian Metals (DUVNF) receive for Maria Norte on Dec 15, 2025?
How much cash will Peruvian Metals (DUVNF) collect from the Maria Norte sale?
How does the Maria Norte sale affect Peruvian Metals' exposure to the project?
When do the first deferred payments for Maria Norte begin for Peruvian Metals?
Will Peruvian Metals (DUVNF) continue operations in Peru after the sale?
What percentage of Rio Silver does Peruvian Metals' share receipt represent?
