Aya Gold & Silver to buy C$4M Morocco Cu-Ag permits
Rhea-AI Filing Summary
Aya Gold & Silver Inc. (AYA) agreed to acquire a 139 km² copper-silver exploration permit portfolio in Morocco, including a 19 km² mining license about 35 km west of its Zgounder Silver Mine, for total consideration of C$4.0 million payable in Aya common shares.
The Cu-Ag Portfolio, in the Tizi area, features historical trenching of 15 m grading 0.65% Cu and 33 g/t Ag, surface samples up to 837 g/t Ag and 4.6% Cu, and a principal Cu-Ag horizon traced over 2 km, with approximately 20 km of existing road access. Aya views the package as expanding its land position around Zgounder and adding a potentially district-scale, underexplored Cu-Ag system.
The acquisition, to be completed through a wholly owned subsidiary, is subject to confirmatory due diligence, Moroccan and Canadian regulatory clearances and TSX approval. Over the next 12–18 months, Aya plans stream sediment geochemistry, hyperspectral studies, airborne geophysics, mapping and prospecting to define next-stage exploration.
Positive
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Filing Explained
If completed, the C$4.0 million share-funded acquisition would dilute existing holders, but closing remains conditional and no share count is disclosed.
As a Form 6-K, this filing furnishes material information published by a foreign private issuer's home market; Aya Gold & Silver reports an agreement to acquire the portfolio, with closing still subject to due diligence, regulatory approvals and TSX approval.
The
The filing does not disclose the number of shares, and any shares issued in connection with the transaction will be subject to statutory sale restrictions.
The company highlights historical trenching and selective grab samples, but states that the historical results are not current and that grab samples do not represent true width, overall grade or further mineralization.
Key Figures
Cu-Ag Portfolio size: 139 km²
Mining license area: 19 km²
Distance from Zgounder: 35 km
+5 more
8 metrics
Cu-Ag Portfolio size
139 km²
Total area of exploration permits in Morocco to be acquired
Mining license area
19 km²
Included mining license within the Cu-Ag Portfolio
Distance from Zgounder
35 km
Approximate distance west of Aya’s Zgounder Silver Mine
Acquisition consideration
C$4.0 million
Total consideration payable in Aya common shares
Historical trench length
15 m
Historical trench returning 0.65% Cu and 33 g/t Ag
Historical trench grade Cu
0.65% Cu
Grade from historical trench over 15 m
Historical trench grade Ag
33 g/t Ag
Silver grade from the same 15 m trench
Maximum historical silver sample
837 g/t Ag
High-grade silver surface grab sample from historical work
Key Terms
exploration permits, mining license, sediment-hosted/stratiform copper, National Instrument 43-101, +1 more
5 terms
exploration permits regulatory
"acquire a 139 square kilometers ("km²") portfolio of exploration permits"
mining license regulatory
"including a 19 km² mining license, approximately 35 km West of Aya’s"
A mining license is an official permit from a government that allows a company to explore, extract and sell minerals or other natural resources from a specific area. It matters to investors because the license determines whether a project can legally operate, how long operations can run, and what costs or environmental rules apply—similar to owning a lease and permissions for a piece of land before building a business on it.
sediment-hosted/stratiform copper technical
"Multiple mineralization styles identified: sediment-hosted/stratiform copper,"
A sediment-hosted/stratiform copper deposit is a large, layered body of copper mineralization that formed within or directly on sedimentary rock layers, often as copper-bearing fluids moved through porous sediments and precipitated metals along bedding planes. These deposits matter to investors because they tend to be extensive, relatively continuous and amenable to bulk mining methods, which affects potential mine size, development complexity, and long‑term production profiles.
National Instrument 43-101 regulatory
"compliance with National Instrument 43-101."
National Instrument 43-101 is a set of rules and guidelines that govern how mineral exploration and mining companies must report information about their projects. It ensures that the details shared with investors are accurate, consistent, and reliable—similar to how a detailed, verified blueprint ensures a building’s safety. This helps investors make informed decisions based on trustworthy information about a company's mineral resources.
surface grab samples technical
"Surface grab samples are selective by nature and are not representative"
Samples of rock, soil or sediment collected from exposed surfaces by hand or simple tools as individual, selective pieces rather than as part of a systematic or bulk sampling program. Think of them as a quick snapshot or a single spoonful taken to see if something interesting is present. They matter to investors because they can indicate where minerals or anomalies occur, but they are not reliable measures of average grade, extent or economic value without follow-up, more representative testing.
FAQ
What asset is Aya Gold & Silver (AYA) acquiring in this 6-K announcement?
Aya is acquiring a 139 km² portfolio of copper-silver exploration permits in Morocco, including a 19 km² mining license located about 35 km west of its Zgounder Silver Mine, expanding its land position in the Zgounder district.
How much will Aya Gold & Silver (AYA) pay for the Cu-Ag Portfolio?
Total consideration for the Cu-Ag Portfolio is C$4.0 million, payable in Aya common shares. The company will acquire all issued and outstanding shares of the seller through a wholly owned subsidiary.
What exploration potential does the new Cu-Ag Portfolio offer Aya (AYA)?
The portfolio includes historical trenching of 15 m grading 0.65% Cu and 33 g/t Ag, surface silver samples up to 837 g/t Ag and copper up to 4.6% Cu, a principal Cu-Ag horizon over 2 km, and multiple mineralization styles with district-scale potential.
What are the key conditions to close Aya Gold & Silver’s (AYA) acquisition?
Closing is subject to confirmatory due diligence, applicable Moroccan and Canadian regulatory approvals, and Toronto Stock Exchange (TSX) approval. Aya expects closing after these conditions precedent are satisfied.
What work programs does Aya (AYA) plan over the next 12–18 months on the Cu-Ag Portfolio?
Aya plans stream sediment geochemistry, high-resolution hyperspectral studies, airborne geophysics, and mapping and prospecting over the next 12–18 months to evaluate the Cu-Ag Portfolio and guide the next exploration stage.
How close is the new Cu-Ag Portfolio to Aya Gold & Silver’s (AYA) Zgounder mine?
The Cu-Ag Portfolio, including the Tizi area, is located approximately 35 km west of Aya’s Zgounder Silver Mine, in a similar geological setting within the company’s broader Moroccan operating footprint.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of September, 2026.
Commission File Number: 001-43230
Aya Gold & Silver Inc.
(Translation of registrant’s name into English)
1320 boulevard Graham, suite 132, Mont-Royal, Quebec, Canada, H3P 3C8
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
☐Form 20-F ☑Form 40-F
EXHIBIT INDEX
The following documents are being furnished to the SEC as exhibits to this Form 6-K:
Exhibit No. | Description | |||||||
99.1* | Coil Line Portfolio Acquisition Press Release | |||||||
* Filed herewith
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Aya Gold & Silver Inc.
| Date Aug 5, 2026 | By | /s/ Elias J. Elias | |||||||||
| Elias J. Elias | |||||||||||
| Chief Legal and Sustainability Officer & Corporate Secretary | |||||||||||
| PRESS RELEASE |  | ||||
Aya Gold & Silver to Acquire Copper-Silver Portfolio
Adding 139 km² Land Package Near Zgounder
Montreal, Quebec, September 1, 2026 - Aya Gold & Silver Inc. (TSX: AYA; NASDAQ: AYA) (“Aya” or the “Company”) is pleased to announce that it has entered into an agreement to acquire a 139 square kilometers ("km²") portfolio of exploration permits in Morocco (the “Cu-Ag Portfolio”), including a 19 km² mining license, approximately 35 km West of Aya’s Zgounder Silver Mine ("Zgounder").
The acquisition is expected to further consolidate Aya’s land position in the Zgounder district and provide exposure to a large, underexplored copper-silver ("Cu-Ag") system with multiple styles of mineralization and significant exploration potential.
Project Highlights
The Cu-Ag Portfolio Acquisition Adds 139 km² Land Package Near Zgounder (Tizi area)
•Strong historical trenching: returned 15 meters ("m") grading 0.65% Cu and 33 grams per tonne ("g/t") Ag.1
•High-grade silver surface samples: up to 837 g/t Ag from historical grab, consistent with Aya's sample returning 500 g/t Ag.
•High-grade copper surface samples: up to 4.6% Cu from historical grab, consistent with Aya's sample returning 4.0% Cu.
•Principal Cu-Ag horizon over 2 km: confirmed by Aya field visit.
•Multiple mineralization styles identified: sediment-hosted/stratiform copper, structurally controlled vein- and shear-hosted Cu-Ag mineralization, and associated alteration zones.
•Broader district-scale potential: historical workings and copper occurrences indicative of a potentially larger mineralized system.
•Existing exploration access: approximately 20 km of road access associated with historical manganese workings.
•Significant untested upside: historical work has been limited to the manganese horizon with the exception of recent reconnaissance and surface exploration for Cu.
1Historical results referenced above were reported by the previous operator and a qualified person has not done sufficient work to classify the historical estimates as current; Aya is not considering the historical estimates as current and cautions that further work is required to confirm them. Surface grab samples are selective by nature and are not representative of true width, overall grade of mineralization, or is indicative of any further mineralization.
“This acquisition is consistent with our vision of building a dominant land position around Zgounder and strategically consolidating prospective opportunities in Morocco,” said Benoit La Salle, President & CEO. “Adding 139 km² of compelling copper-silver showings only 35 km from Zgounder is in line with this strategy. We see significant potential to apply Aya’s exploration expertise and establish a new copper-silver platform within our growing Moroccan portfolio.” said Benoit La Salle, President & CEO.
Strategic Rationale
The acquisition represents a low-cost opportunity for Aya to consolidate a land position, adjacent to its existing Moroccan operating footprint. Located approximately 35 km West of Zgounder (Figure 1 and 2) the property lies in a similar geological setting to our operating mine, with Neoproterozoic volcano-sediment in proximity to the Askouen granite.
The combination of at-surface, high-grade, Cu-Ag mineralization (Figure 3 and 4), multiple mineralization styles shown by both historical results and sampling completed during our site visits, existing site access, and significant untested strike potential presents Aya with an attractive exploration platform.
The Cu-Ag Portfolio complements Aya’s existing properties and reinforces its strategy of leveraging its operating presence, technical expertise and infrastructure in Morocco to advance new opportunities.
Figure 1: Map of Aya's exploration projects
Figure 2: Tizi and Zgounder projects map
Figure 3: Surface plan of Tizi project with geology and silver grab values (historical and Aya)
Transaction
Aya, through its wholly owned subsidiary, will acquire all issued and outstanding shares of the seller.
Total consideration for the acquisition is C$4.0 million, payable in Aya common share.
The transaction remains subject to customary closing conditions, including satisfactory confirmatory due diligence, applicable Moroccan and Canadian regulatory approvals, and the Toronto Stock Exchange ("TSX") approval. The Aya common shares issued in connection with the transaction will be subject to applicable statutory sale restrictions.
Closing is expected to occur following satisfaction of the applicable conditions precedent.
Next Steps
Over the next 12 to 18 months, Aya plans to initiate exploration of the Cu-Ag Portfolio to assess the potential for discoveries. We plan to carry-out stream sediments geochemistry, high resolution hyperspectral study, airborne geophysics as well as mapping and prospecting. Results from this phase will inform the next stage of exploration.
Qualified Persons
The scientific and technical information contained in this press release has been reviewed, verified and approved by David Lalonde, B. Sc, P. Geo, Executive Vice-President, Exploration, Qualified Person, for accuracy and compliance with National Instrument 43-101.
About Aya Gold & Silver Inc.
Aya Gold & Silver is a Canadian precious metals mining company anchored in Morocco and active across the full mining value chain. The Company has established an exploration track record through a systematic, technology-led, data-driven approach and is focused on expanding its resource base and land package along the Anti-Atlas fault — one of Africa’s most geologically rich, underexplored and mining-friendly regions.
Aya operates Zgounder, a rare, silver-only mine, producing silver doré from its new processing facility. Aya’s growth pipeline includes the Boumadine polymetallic project, where feasibility study work is underway, and which hosts a sizable mineralized footprint, and potential for further discovery.
Led by a proven team of mining professionals, Aya is guided by a vision of responsible mining and is committed to delivering sustainable value for shareholders, employees and host communities.
For additional information, please visit Aya’s website at www.ayagoldsilver.com.
Or contact
Benoit La Salle, FCPA, MBA
President & CEO
benoit.lasalle@ayagoldsilver.com
President & CEO
benoit.lasalle@ayagoldsilver.com
Alex Ball
VP, Corporate Development & IR alex.ball@ayagoldsilver.com
VP, Corporate Development & IR alex.ball@ayagoldsilver.com
Forward-Looking Statement
This press release contains “forward-looking statements” or “forward looking information” within the meaning of applicable securities laws and other statements that are not historical facts. Forward-looking statements are included to provide information about management’s current expectations, estimates and projections regarding Aya’s future growth and business prospects (including the timing and development of deposits and the success of exploration activities) and other opportunities as of the date of this press release.
All statements, other than statements of historical fact included in this press release, regarding the Company’s strategy, future operations, technical assessments, prospects, plans and objectives of management are forward-looking statements that involve risks and uncertainties. Wherever possible, words such as "aim", "anticipate", "assume", "believe", "estimate", "expect", "goal", "guidance", "intend", "objective", "plan", "potential", "strategy", "target", and similar expressions or statements that certain actions, events or results "may", "could", "would", "might", "will", or are "likely" to be taken, occur or be achieved, have been used to identify such forward-looking information. Forward-looking statements in this press release include, but are not limited to, statements with respect to: the Company's mining assets development and exploration potential; the expected benefits from the Cu-Ag Portfolio acquisition; the potential of the Tizi area and Zgounder district; the Cu-Ag Portfolio acquisition being consistent with Aya's vision of building a dominant land position around Zgounder and strategically consolidating prospective opportunities in Morocco; the potential for the Cu-Ag Portfolio acquisition to establish a new Cu-Ag platform within Aya's growing Moroccan portfolio; Aya's assessments and estimates based on historical results as reported by the previous operator; Aya's assessments and estimates based on surface grab samples; the completion of the Cu-Ag Portfolio acquisition, including completion of customary closing conditions and receipt of any regulatory approvals (including the Toronto Stock Exchange approval); Aya's expectations with respect to timing for closing the Cu-Ag Portfolio acquisition; the next steps over the next 12 to 18 months with respect to the exploration of the Cu-Ag Portfolio and timing thereof, including the works, studies, prospecting and mapping; and the Company's strategy, objectives, targets, and projections with regard to its mining assets.
Forward-looking information is based upon certain assumptions and other important factors that, if untrue, could cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such information or statements. There can be no assurance that such information or statements will prove to be accurate. Key assumptions upon which the Company’s forward-looking information is based include without limitation, assumptions regarding development and exploration activities; the Company's ability to satisfy all customary closing conditions with respect to the Cu-Ag Portfolio acquisition, including successful completion of the confirmatory due diligence; the Company's ability to receive all applicable regulatory approvals with respect to the Cu-Ag Portfolio acquisition, including the Toronto Stock Exchange approval; the Company's ability to complete the next steps of the exploration of the Cu-Ag Portfolio over the next 12 to 18 months; the timing, extent, duration and economic viability of Aya's operations; the accuracy and reliability of estimates, projections, forecasts, studies and assessments; the Company’s ability to meet or achieve estimates, projections and forecasts; the availability and cost of inputs; the price and market for outputs; foreign exchange rates; taxation levels; the timely receipt of necessary approvals or permits; the
Company's ability to meet current and future obligations; the Company's ability to obtain timely financing on reasonable terms when required; the current and future social, economic and political conditions; and other assumptions and factors generally associated with the mining industry.
Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Forward-looking statements are also subject to risks and uncertainties facing the Company’s business, any of which could have a material adverse effect on the Company’s business, financial condition, results of operations and growth prospects. Some of the risks the Company faces and the uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements include, among others: Aya's ability to receive any applicable regulatory approvals with respect to the Cu-Ag Portfolio acquisition, including the Toronto Stock Exchange approval; Aya's ability to complete the confirmatory due diligence with respect to the Cu-Ag Portfolio acquisition on a timely basis; Aya's ability to execute on its plans relating to the Cu-Ag Portfolio; Aya’s ability to execute on its plans relating to the Zgounder Project and Boumadine Project, including the timing thereof; risks and hazards associated with the business of mineral exploration, development, and mining, including environmental hazards, potential unintended releases of contaminants, industrial accidents, unusual or unexpected geological or structural formations, pressures, cave-ins, and flooding; risks related to Aya’s operations in Morocco; the speculative nature of mineral exploration and development; diminishing quantities or grades of mineral reserves as properties are mined; the inability to determine, with certainty, the production of metals and cost estimates, or the prices to be received before mineral reserves or mineral resources are actually mined; inadequate or unreliable infrastructure (such as roads, bridges, power sources and water supplies); fluctuations in forward markets for silver and other commodities (such as natural gas, fuel, oil and electricity); availability of gas, fuel, and oil; restrictions on mining in the jurisdictions in which Aya operates; change in laws and regulations governing our operations, exploration, and development activities, including international laws and legal norms, such as those relating to Indigenous peoples and human rights; the Company’s ability to mitigate the risks pertaining to fund repatriation; expectations with respect to any future pandemics on our operations, and assumptions related thereto; Aya’s ability to attract and retain qualified employees and contractors; Aya’s ability to obtain and renew necessary permits and licenses; inherent risks associated with tailings facilities and heap leach operations, including failure or leakages; Aya’s growth strategy; Aya’s ability to obtain and maintain insurance; occupational health and safety risks; adverse publicity risks; third party risks; disruptions to Aya’s business operations; Aya’s reliance on technology and information systems; litigation risks; interest and exchange rates risks; tax risks; unforeseen expenses; public health crises; climate change; weather disruptions; general economic conditions; commodity prices and exchange rate risks; gold and silver demand; volatility of share price; public company obligations; competition risk; policies and legislation; force majeure; the effectiveness of our internal control over financial reporting; changes in technology; the potential for asset impairment (or reversal); the inherent risks involved in exploration and development of mineral properties; risks associated with the use of artificial intelligence (AI); and other risks described in the Company’s documents filed with Canadian and U.S. securities regulatory authorities.
In addition, readers are directed to carefully review the detailed risk discussion in the Company’s Annual Information Form and Management’s Discussion & Analysis for the year ended December 31, 2025, filed
on SEDAR+ and on EDGAR, which discussions are incorporated by reference in this press release, for a fuller understanding of the risks and uncertainties that affect the Company’s business and operations.
Although the Company believes its expectations are based upon reasonable assumptions and has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. As such, the foregoing list of risks is not exhaustive; however, these risks should be considered carefully. If any of these risks or uncertainties materialize, actual results may vary materially from those anticipated in the forward-looking statements found herein. Due to the risks, uncertainties, and assumptions inherent in forward-looking statements, readers should not place undue reliance on forward-looking statements.
Forward-looking statements contained herein are presented for the purpose of assisting investors in understanding the Company’s business plans, financial performance and condition and may not be appropriate for other purposes.
The historical results referenced in this press release were reported by the previous operator and a qualified person has not done sufficient work to classify the historical estimates as current. Aya is not considering the historical estimates as current and cautions that further work is required to confirm them. Surface grab samples are selective by nature and are not representative of true width, overall grade of mineralization, or is indicative of any further mineralization.
The forward-looking statements contained herein are made only as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law. The Company qualifies all of its forward-looking statements by these cautionary statements.