Trinity Silver (TOMXF) received conditional TSX Venture Exchange approval for an option to acquire the Nueva Chañarcillo silver property in northern Chile. The agreement, effective July 31, 2026, allows its subsidiary Metales de Chile SpA to acquire 100% of four Juan Godoy mining concessions from Sociedad Legal Minera Juan Godoy Una de la Sierra Chañarcillo for USD $10-million in cash. USD $150,000 has been paid; staged payments culminate in USD $7.8-million due within 48 months of the effective date.
Exercise would leave the property subject to the greater of a USD $200 annual minimum royalty and a 2.0% net smelter return royalty, with different payment start dates. A separate, conditional purchase covers two real estate lots for USD $40,000 after exercise. Final exchange acceptance remains pending one document, which the company expects shortly.
Trinity Silver (TOMXF) reported preliminary silver grades of up to 82 grams per tonne from historic tailings at Nueva Chañarcillo in Chile. The 39 primary samples ranged from 37 to 82 grams per tonne and averaged 55 grams per tonne. Sampling reached approximately 1.5 metres and did not establish full tailings thickness.
The company is evaluating a conceptual exploration target of approximately 135,000 to 270,000 tonnes grading 35 to 85 grams per tonne silver. This is not a mineral resource; recovery and economic viability remain unestablished. An excavator is on site, with bulk sampling scheduled for the week commencing October 19, 2026. Planned drilling, density measurements and metallurgical testing will assess quantity, grade distribution and silver recovery.
Trinity Silver (TOMXF) selected a contractor for an initial approximately 700-metre diamond drilling programme at Nueva Chañarcillo in Chile. Drilling is targeted to begin before October 20, 2026, subject to site readiness, contractor mobilisation and applicable regulatory requirements.
The programme will test the area around historical hole C02-R11, which reported 2.0 metres at 2,390 grams of silver per tonne from 58 metres downhole. Those results have not been independently verified. Trinity also plans an induced polarisation survey, a geophysical method for investigating underground electrical properties, to follow up targets from its completed drone magnetic survey and guide further drilling.
Trinity Silver (TOMXF) announced a definitive agreement giving Metales de Chile an option to acquire 100% of Chile's El Nevado project. Metales de Chile is held on Trinity's behalf pending formal share transfer. The gold-silver project covers 1,800 hectares in the Maricunga belt. Option payments total US$7 million over five years; only the US$100,000 signing payment is the minimum purchase commitment. Later instalments depend on continuing the option, and prior payments are non-refundable.
Commercial production triggers another US$3 million payment. Full exercise entails a 3.1% net smelter returns royalty, with a US$1,000 annual minimum starting the following calendar year. TSX Venture Exchange approval remains pending. Historical exploration includes 84 holes totalling approximately 12,910 metres, but results remain unverified and no current mineral resource or reserve has been established.
Summary not available.
Trinity One Metals (TSXV: TOM) will change its name to Trinity Silver, with shares trading under the new name from September 28, 2026.
The trading symbol will remain TOM. The new CUSIP will be 89658P102, and the new ISIN will be CA89658P1027. The name change will not alter the company's capitalization structure.