The Silver Letter

InZinc Discovers "Strongest to Date" Zinc and Silver in Shallow Zones at Indy:

(TSXV: IZN) InZinc Mining Ltd. reported the discovery of strongly mineralized, stacked zones in shallow drill intersections from the spring 2026 diamond drill program at the B-9 Apex Zone at the 100% owned Indy Sedex project. The spring 2026 program consisted of 7 holes totaling 1437 m, following up on the late 2025 Apex discovery which included 15.4% Zn, 1.3% Pb and 7.2 g/t Ag over 4.2 m, and successfully extended the near-surface B-9 Trend to over 1000 m in strike length. New drill results include 15.0 m grading 7.0% Zn, 3.2% Pb and 17.5 g/t Ag from 67.1 m downhole, including a Silver-Rich Zone of 3.0 m grading 61.8 g/t Ag, 10.7% Zn, 11.7% Pb and 2.8 g/t Gallium. Additional intersections include 5.7 m grading 4.8% Zn, 0.6% Pb with 3.5 g/t Ag from 40.4 m and 9.8 m grading 2.0% Zn, 2.1% Pb and 11.2 g/t Ag from 49.5 m. The project covers 200 square km and a 30 km length of under-explored, prospective strata in central BC. The company's five-year drill permit, renewed in 2024, has provisions for up to 36 remaining drill holes. The company projects that further drilling is required to explore the limits of such a potential resource and that the entire 1000 m long B-9 Trend remains open for expansion.

ICG Silver & Gold Expands Land Position With New "TJ" Epithermal Prospect at the Tuscarora District, Nevada

(CSE:ICG) ICG Silver & Gold Ltd. announced that it has staked six additional unpatented mineral claims totaling approximately 120 acres within the Tuscarora District in Elko County, Nevada. This brings the company's total asset package to over 10,100 acres. The newly acquired area, designated the "TJ" prospect, is considered prospective for epithermal gold-silver mineralization based on mapped Eocene intrusive rocks and recent field reconnaissance. The company collected 39 rock samples from the TJ prospect, which have been submitted for laboratory analysis, and assay results are pending. ICG Silver & Gold Ltd. has engaged German Mining Networks GmbH for investor relations services for a term of three (3) months commencing on or about July 28, 2026, at a flat monthly fee of C$6,800. The company has granted 50,000 stock options exercisable at a price of $0.50 per common share for a period of 5 years from the date of grant. The company projects that assays from initial drilling for the Phase 1 Drill Program will be available in the coming weeks and are on schedule as originally described in the company's news release dated July 6, 2026.

BP Silver Corp Reports Surface Samples up to 935 G/t Silver, 1.51 G/t Gold, 5.65% Zinc, and 3.16% Lead at the Jalsuri Target Cluster and Mobilizes Second Drill Rig at the Cosuño Silver Project

(TSXV:BPAG) (OTCQB:BPSCF) BP Silver Corp. reports that the first batch of assays from the 2026 sampling program at its 100%-owned Cosuño Silver Project in Bolivia returned significant silver, gold, zinc and/or lead mineralization from newly identified targets. The company states that 85% of linear chip channel samples were mineralized, with results ranging from 10 to 935 g/t silver, and 10 oz silver. 21% of samples assayed greater than 30 ppm Ag, 14% greater than 60 ppm Ag, and 10% greater than 100 ppm Ag, with a maximum assay of 935 ppm Ag (30.1 oz/t). For lead, 44% of samples assayed greater than 1,000 ppm Pb (0.1%), 5% greater than 10,000 ppm Pb (1.0%), and a maximum assay of 31,600 ppm Pb (3.16%). For zinc, 70% of samples assayed greater than 1,000 ppm Zn (0.1%), 21% greater than 10,000 ppm Zn (1.0%), and a maximum assay of 56,500 ppm Zn (5.65%). The company has mobilized a second diamond drill rig to accelerate its ongoing 2,000 meter Phase 2 drill program, which commenced on June 30, 2026. The company projects that operating two drill rigs simultaneously will increase exploration efficiency and accelerate the evaluation of multiple high-priority targets as well as advance the company's understanding of the mineralized system at the Cosuño Project.

OptiSeis Solutions Ltd. Successfully Completes Innovative, Ultra-Low-Impact Seismic Survey Along the McLaren Lake Fault Zone of Canuc's ESP (East Sudbury Project) in Greater Sudbury, Ontario, Canada - Advancing the Future of Mineral Exploration

(TSXV: CDA) (OTCQB: CNUCF) Canuc Resources Corporation announced the successful completion of an innovative mineral exploration seismic survey along the northern section of the McLaren Lake Fault Zone on the Company's East Sudbury Project, which spans 20,078 hectares and is centered approximately 20 kilometers NE of the Sudbury Mining District. The seismic survey program covered approximately 13.5 kilometers of total line length and was completed in just seven days, utilizing 1,355 autonomous nodal sensors and more than 2,700 seismic source points. Field operations were supported by a workforce of 11 personnel, including two representatives from OptiSeis and two NRCan personnel for the Vertical Seismic Profile (VSP) acquisition. Canuc holds a 100% interest in the East Sudbury Project and also in the San Javier Silver-Gold Project in Sonora State, Mexico, which spans 28 claims covering 1,052 hectares. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA, with an interest in eight producing natural gas wells and rights for further in field developments. Canuc also receives a 4% Net Smelter Royalty from gold production at the Scadding Gold Tailings Project located on Mining Claim LEA 107735 within the ESP property group. The company projects that the 3-D seismic survey is expected to result in direct actionable exploration targets for prospective MIAC and IOCG deposit types proximal to historical copper and gold mine workings.

Pacific Bay Starts Exploration at Weaver Gold Property

(TSXV: PBM) Pacific Bay Minerals Ltd. has commenced exploration at its Weaver Gold Property in southwestern British Columbia. An exploration team has mobilized to conduct geological mapping, geochemical soil and silt sampling, prospecting, and other work. The Weaver Gold Project is under option to Aurwest Resources Corporation (CSE: AWR), whereby Aurwest can earn a 50% interest in the Property over three years. Historical drilling at the Weaver Gold Property returned intercepts such as 16.6 g/t gold and 91.9 g/t silver over 1.52 meters, 11.8 g/t gold and 44.6 g/t silver over 2.13 meters (1975), 8.61 g/t gold and 46.2 g/t silver over 3.05 meters, and 2.06 g/t gold and 21.4 g/t silver over 6.10 meters (1996), and 2.49 g/t gold and 7.52 g/t silver over 1.53 meters (2018). Pacific Bay's 100% owned Haskins-Reed Critical Minerals Project in northwestern BC hosts tungsten, copper, bismuth, silver, lead, and zinc in multiple high-grade polymetallic zones, over 150 drill holes, and underground workings. Pacific Bay also recently signed an option agreement to acquire 100% of the Mount Haskins claims, adjoining Haskins-Reed directly to the north. The company projects further exploration and potential geophysical exploration and drilling at the Weaver Gold Property.

Great Southern Copper — Full Year Results and Publication of Annual Report

(LSE: GSCU) Great Southern Copper plc announced its full year results for the year ended 31 March 2026, highlighting copper-gold-silver exploration activities in Chile. The company reported final Phase I assay results at Especularita, with hole CNG25 DD007 intersecting 33 metres of 1.96% copper and 60.6 g/t silver from 87m, including individual assays up to 16.15% Cu and 646 g/t Ag. Phase II diamond drilling at the Mostaza mine comprised 16 holes for 1,701.7m, returning grades of up to 10.4% Cu and 672 g/t Ag, while Phase III included 17 diamond holes for 2,923m and six RC holes for 1,032m, with grades up to 9.76% Cu and 778 g/t Ag. The company completed its first scout RC drilling programme for porphyry copper targets at Especularita, comprising 17 holes for 2,474m across four prospects, and expanded its footprint at the La Colorada lithocap with five new concessions totalling 1,000 hectares. In November 2025, Great Southern Copper raised £2.5 million through a private placing, the largest since its admission to listing in December 2021. The company projects advancing Mostaza towards resource definition through a planned Phase IV drilling programme and continuing to test district-scale opportunities across Especularita.

American Tungsten Advances Resource Expansion Drilling, Confirms Over 900 Feet of Strike Length on the No. 5 and No. 7 Veins, and Highlights Broader Development Potential at the Ima Mine

(TSXV: TUNG) (OTCQB: TUNGF) American Tungsten Corp. announced several milestones toward advancing the Ima Mine, the Company's past-producing tungsten mine located in Idaho, USA. Results from six additional drill holes confirm that tungsten-silver mineralization in the No. 5 and No. 7 veins continues across more than 900 feet of strike length, and drilling intersected multiple stacked footwall veins and extended the main Ima vein system over 800 vertical feet down dip. Over 26,000 ft of drilling has been completed to date, with highlights including 16 ft grading 1.20% WO₃ and 2.99 oz/t Ag in the No. 5 vein in hole AT26-38, and 36.8 ft grading 0.78% WO₃ and 1.37 oz/t Ag in the Ima Vein in hole AT26-34. The Ima Mine is situated on 22 patented claims in East Central Idaho and produced approximately 199,449 MTUs of WO3 between 1945 and 1957. The company is currently conducting an exploration drill program and assessing potential for re-start of underground tungsten mining operations at the IMA Mine. The company projects an updated Mineral Resource Estimate in the near term, providing the foundation for a Preliminary Economic Assessment to follow shortly thereafter.

Abitibi Metals Intersects New Potential VMS Zone 1.5 Kilometres West of the B26 Deposit

(CSE: AMQ) (OTCQB: AMQFF) Abitibi Metals Corp. announced regional exploration results from its 100%-owned B26 Polymetallic Property in Québec, highlighted by hole 1274-26-383, which intersected a new potential volcanogenic massive sulphide (VMS) zinc-silver mineralized zone approximately 1.5 kilometres west of the B26 Deposit at 400 metres vertical depth. The 3,285-metre program targeted three of seven high-priority areas, with hole 1274-26-383 intersecting 14.25 metres of 1.13% zinc and 51.51 g/t silver (0.74% CuEq), including 3.10 metres of 2.82% zinc and 120.64 g/t silver (1.73% CuEq), and 3.50 metres of 1.61% zinc and 82.49 g/t silver (1.18% CuEq). Hole 1274-26-385 intersected 332 g/t silver and 0.83 g/t gold over 1.0 metre within a broader interval of 8.85 metres of 0.47% CuEq (0.68% Zn, 21.21 g/t Ag). The B26 Project hosts an indicated resource of 12.96Mt at 2.08% CuEq (1.19% Cu, 1.16% Zn, 0.44 g/t Au and 30.8 g/t Ag) and an inferred resource of 12.34Mt at 2.20% CuEq (1.60% Cu, 0.16% Zn, 0.68 g/t Au and 8.1 g/t Ag). Abitibi now owns 100% of the B26 Project after exercising its option to acquire the remaining interest from SOQUEM Inc., a subsidiary of Investissement Québec. The company projects follow-up drilling targeting the new horizon and a follow-up program designed for execution in winter 2027.

DENARIUS METALS ANNOUNCES SECOND QUARTER and FIRST HALF 2026 PRODUCTION RESULTS for ITS ZANCUDO PROJECT in COLOMBIA

(OTCQX: DNRSF) Denarius Metals Corp. announced production results for the second quarter and first half of 2026 during the early production phase at its Zancudo Project in Colombia. The company reported shipments of 3,907 tonnes in the second quarter of 2026, a 67% increase compared with the first quarter, with head grades averaging 11.3 g/t for gold and 217.1 g/t for silver. Total revenue for the second quarter of 2026 was US$5.1 million, bringing total revenue for the first half of 2026 to $8.6 million, up from US$1.7 million reported for the 2025 fiscal year. Mining operations at the Zancudo Project commenced in the second quarter of 2025, and the early production phase is expected to run through the third quarter of 2026. Trafigura is the offtake counterparty for shipments during this period, with payability rates ranging from 30% to 70% for gold and 20% to 40% for silver, depending on grades. The company projects that construction of a 1,000 tonnes per day processing plant will be completed and start producing high-grade gold-silver concentrates by the third quarter of 2026. Denarius Metals also holds interests in projects in Spain, including a 21.8% interest in Rio Narcea Recursos, S.L. and 100% interests in the Lomero and Toral Projects.

Tinka Announces Appointment of Ignacio Ishizawa as Vice President - Environment, Social & Community Affairs

(TSXV: TK) (OTCQX: TKRFF) Tinka Resources Limited announced the appointment of Ignacio Ishizawa Masuda as Vice President - Environment, Social & Community Affairs, effective immediately. Mr. Ishizawa has more than 25 years of leadership experience across Peru's mining, energy and international development sectors, including roles with Compañía Minera Antamina, MMG's Las Bambas mine, Rio Tinto's La Granja Project, Mitsubishi Corporation, Graña y Montero Petrolera, and the Japan International Cooperation Agency (JICA). The Board of Directors has approved the grant of 300,000 stock options to Mr. Ishizawa, exercisable at a price of C$0.40 for a period of five years from the date of grant, subject to vesting provisions. Tinka's flagship property is the Ayawilca project in Peru, which has substantial mineral resources of zinc and silver, a separate tin resource, and the near-surface Colquipucro silver deposit. The company also holds the nearby Silvia copper-gold project, described as a skarn and porphyry target. The Company filed a NI 43-101 technical report on an updated PEA for the Ayawilca Project on April 15, 2024. The company projects continued advancement of the Ayawilca and Colquipucro projects, supported by Mr. Ishizawa's oversight of environmental, social performance, community relations and permitting activities in Peru.

Maverick Gold and Silver Prepares for Drill Program at Silver Vista Property, British Columbia

(CSE: MAV) Maverick Gold and Silver Corp. announces that final preparations for its fully funded drill program at the Silver Vista copper-silver property are underway. The Silver Vista property is located 55 kilometres northeast of Smithers, B.C., and is comprised of 12 mineral claims that cover 5,134.5 hectares, or 51.35 square kilometres. The company is completing a comprehensive study of the drill core from 2018 and 2021, using a platform that integrates visible, UV, VNIR and SWIR imaging sensors to produce continuous hyperspectral datasets. Drilling completed on the project to date totals 4,064 metres in 30 drill holes, including drilling from 1991, 1992, 2018, and 2021. Highlight drill intersections include 61.91 metres at 40.5 g/t Ag and 0.11% Cu (MR 91-3), and 2.84 metres at 195.7 g/t Ag and 3.65% Cu (MR 92-02). The company projects that the new model will allow it to prioritize sites for the upcoming drill program. The exploration target at Silver Vista is a sedimentary silver-copper deposit similar to Hecla Mining's Libby and Rock Creek deposits in Montana.

Iltani Resources Advances Orient Project Growth With RC Drilling Campaign

(ASX: ILT) Iltani Resources completed 67 reverse circulation (RC) drill holes for 12,761 metres at its Orient silver-indium project during the June quarter. The company mobilised two rigs for an initial 115-hole, 16,000m program designed to improve confidence in the existing resource, extend mineralisation, and test additional targets across the Northern Queensland project. Iltani ended the quarter with $7.52 million in cash after spending $1.05m on exploration, geological consulting, drilling, and project study activities. Results released during the quarter included 42m at 52 grams per tonne silver, 19g/t indium, 1% lead, and 1% zinc from 26m, with a higher-grade 11m interval at 130g/t silver, and peak 1m intervals grading up to 279g/t silver, 626g/t indium, 4.2% lead, and 11.1% zinc. Orient has a current MRE of 62.5 million tonnes at 81.5g/t silver equivalent (Ag Eq) using a 30g/t Ag Eq cut-off, including 38.8Mt in the Indicated category and 23.7Mt in the Inferred category. The project also carries an Exploration Target of 35.9Mt to 43.3Mt at 63.6g/t to 78.1g/t Ag Eq, with an estimated higher-grade component of 15.4Mt to 18.8Mt at 95g/t to 117g/t Ag Eq. Iltani’s drilling is supported by an $8.0m Queensland Investment Corporation funding package, and the company lodged three competitive exploration permit applications during the quarter.

Americas Gold and Silver Corporation Announces Second Quarter Production

(TSX: USA) Americas Gold and Silver Corporation announced consolidated silver production of 665,000 ounces for the second quarter of 2026. The Company sold 624,000 ounces of silver during the quarter, with consolidated lead production at 2.3 million pounds, copper production at 850,000 pounds, and antimony production at 97,000 pounds. The unaudited consolidated cash balance as at June 30, 2026 was US$89 million. The No. 3 Shaft upgrades at the Galena Complex increased total hoisting capacity by approximately 150% and skipping payloads by 40%. During the second quarter, the Company eliminated over US$85 million in variable future debt obligations. The company projects full-year 2026 silver guidance of between 3.2 to 3.6 million ounces at all-in sustaining costs of US$30-US$35 per ounce, with production weighted to the second half of the year and associated lower costs.

Gold is Down 26%. Silver is Down 51%. What Does the Stacker Do Now?

Gold has experienced a significant decline of 26% from its January 2026 peak, while silver has plummeted by 51%. Despite this sharp pullback, the structural fundamentals supporting gold remain intact, highlighted by substantial central bank activity with 863 tonnes of gold purchased recently. This level of demand from central banks underscores a continued commitment to gold as a reserve asset, which should provide a floor for prices in the long term. Additionally, the gold-silver ratio is currently above its long-run average, indicating that silver may be undervalued relative to gold, which could attract investors looking for value. The ongoing silver deficits, now at six consecutive years, further suggest that supply constraints could support higher prices in the future. Investors should consider dollar-cost averaging as a strategy to mitigate volatility, allowing them to accumulate positions over time rather than attempting to time the market. This approach can be particularly advantageous in a fluctuating market environment. As we navigate these price movements, it is essential to remain focused on the underlying demand dynamics and macroeconomic factors that influence gold. Overall, while the current price action may seem discouraging, the structural case for gold remains robust, suggesting potential for recovery as market conditions evolve.

Silver Acadia Reports Additional High-Grade Silver-Gold Results and Completed a Geological Study for Future Drill Targets

(CSE: SLA) Silver Acadia Exploration Inc. announced additional high-grade assay results from the Phase 1 drill program at the Hachey Zone on its flagship Nicholas-Denys Project. The company reported assay highlights including 0.95 m @ 1,210.1 g/t Ag, 4.6 g/t Au, 4.82% Zn and 5.38% Pb (0.95 m @ 1,426.9 g/t AgEq) in hole ND26-007A, and 3.85 m @ 71.4 g/t Ag, 0.2 g/t Au, 2.24% Zn and 0.91% Pb in hole ND26-009. The structural study by Terrane Geoscience Inc. identified a mineralized corridor extending approximately 3 kilometres, with multiple connected zones grading over 100 g/t Ag, and confirmed that the principal silver-gold-zinc mineralization is structurally controlled. The company controls more than 250 km² of prospective mineral claims in New Brunswick, Canada, and the drilling campaign at the Hachey Zone commenced in January 2026. The company projects that additional drilling and geological work are required to confirm the continuity and extent of the mineralized corridor and to better understand and target higher-grade gold mineralization across the Hachey system. The study also identifies a potential third and younger gold-bearing mineralization event that may overprint the two earlier silver-rich systems. All assay values are uncut, and intervals reflect drilled intercept lengths; true widths have not been determined as the mineralized body remains open in all directions.

Sunrise Resources: New Copper-Silver-Gold Project, Nevada

(LSE: SRES) Sunrise Resources Plc announced it has established a new copper-silver-gold project in Nevada, USA, named the Lake Copper-Silver-Gold Project, after securing a lease & option to purchase agreement over a mining claim and staking a further ten adjacent mining claims. Drill intersections include 50m grading 0.73% copper, 31g/t silver and 0.2g/t gold from surface, with company surface samples assaying up to 198g/t silver, 0.13% copper and 0.3g/t gold. The project is located at the south-west end of the Humboldt Range, 98km east-northeast of Reno, with access from Interstate Highway I-80 and Highway 95. The lease/option agreement includes a 7-year term (extendable to 21 years), a nominal payment of US$100 on signing, annual payments starting at US$5,000 and rising to $20,000, a 2% NSR royalty (buyable for US$500,000), and an option to purchase the claim for $150,000. Fourteen shallow holes (mainly <100m deep, max 150m) were drilled in the claim area by Utah International in the 1980s, with significant intersections including hole MH-4. The company is targeting an intrusion related copper-precious metals deposit and plans next steps including geophysical surveying and follow up drilling as resources allow. Management states that the path forward for this project is clear with the next steps already defined.

Orestone Advances Exploration at Tom East and Kelly Gold Zones on the Francisca Gold Silver Property in Salta Province Argentina

(TSXV: ORS) Orestone Mining Corp. announced that follow-up exploration is underway at the recently discovered Tom East and Kelly gold zones along the Francisca Gold Trend. The Francisca Gold-Silver Project covers 23 square kilometres and is located in Salta Province, northwestern Argentina, approximately 80 kilometres northwest of the city of Salta. The Francisca Gold Trend now covers a northwest strike length of 1500 metres, with a 1700 metre long by 500 to 700 meter wide induced polarization (IP) chargeability anomaly of 7.9 mV/V. During the recent Phase I exploration program, hand trench sampling at Tom East yielded 4.45 g/t gold over 21 metres in Trench 6B. At the Kelly Gold Zone, mapping and sampling defined a 50 metre wide quartz-limonite vein stockwork zone grading 0.37 g/t gold and 2.15 g/t silver. The Captain Gold-Copper Project in British Columbia, Canada is 100 percent owned by the company and is permitted for 79 drill locations. The company projects that its near-term objective on the Francisca Gold Project is to define an oxide gold deposit mineable by open pit methods.

Mexican Gold Mining Corp. and Alcon Silver Corp. Complete Arrangement to Create Platauro Metals Corp., a Diversified Precious Metals Exploration Company

(TSXV: PURO) Platauro Metals Corp. announced the successful completion of its plan of arrangement, acquiring all issued and outstanding common shares of Alcon Silver Corp. in exchange for Platauro shares, resulting in former Alcon shareholders holding approximately 53% of Platauro on a non-diluted basis. A total of 40,797,830 Consideration Shares were issued to Alcon shareholders at a deemed price of approximately $0.27 per share, for aggregate deemed consideration of approximately $10,879,640. The company completed a consolidation of its outstanding common shares on a 1.6667-for-one basis and changed its name from "Mexican Gold Mining Corp." to "Platauro Metals Corp.". Platauro also completed a non-brokered private placement of 11,495,000 subscription receipts at a price of $0.20 per Subscription Receipt for aggregate gross proceeds of $2,299,000. Each Warrant issued in the financing entitles the holder to acquire one common share at an exercise price of $0.30 per share for a period of thirty (30) months following the closing date. The net proceeds of the Concurrent Financing will be used for exploration of the Princesa project, exploration of the Rowdy claim at Tatatila, legal fees associated with the Las Minas claims dispute, and for general corporate and working capital purposes. The company projects growth, development and exploration activities at the Las Minas and Princesa projects.

AbraSilver Intersects 109 Metres of 221 G/t Silver and 0.72 G/t Gold at Oculto West, Including 14 Metres of 580 G/t Silver

(TSX: ABRA) (OTCQX: ABBRF) AbraSilver Resource Corp. reported new assay results from its ongoing Phase VI drill program at the wholly-owned Diablillos project in Argentina. Hole DDH 26-036 intersected 109.0 metres grading 221.2 g/t silver and 0.72 g/t gold from 114.0 m downhole at Oculto West, including a higher-grade interval of 14.0 m at 580 g/t silver and 0.23 g/t gold. The same hole also encountered 7.6 m of 0.73% copper from 240.5 m and 15.0 m of 0.54% copper from 269.0 m beneath the oxide zone. Hole DDH 26-022 along the JAC-Oculto trend intersected 63.0 m grading 32.8 g/t silver from 60.0 m, including 11.0 m of 101.4 g/t silver. The most recent tank and heap leach Mineral Resource estimate for Diablillos, as of April 30, 2026, shows Measured & Indicated Oxides of 231,981,000 tonnes grading 33 g/t silver and 0.34 g/t gold, containing 248,053,000 oz silver and 2,542,000 oz gold. Following completion of the DFS in June 2026, the Project hosts Proven and Probable Mineral Reserves of 77.9 Mt grading 146 g/t silver equivalent, containing 184 Moz of silver and 1.8 Moz of gold (366 Moz AgEq). The company projects that these results will support expansion of the precious metals Mineral Resources in the oxide zone and will be incorporated into an updated Mineral Resource estimate.

First Majestic Enters Into Definitive Agreement to Sell Its San Martin Silver Mine for Total Proceeds of US$90 Million

(NYSE: AG) (TSX: AG) First Majestic Silver Corp. has entered into a definitive agreement dated July 6, 2026 to sell its 100%-owned past producing San Martin Silver Mine in Jalisco State, Mexico, to Flextronics Supply and Service, S. de R.L. de C.V for total cash consideration of US$90 million. The transaction includes upfront consideration of US$2.5 million payable upon closing (with US$500,000 already deposited into escrow), and an additional US$87.5 million in future payments. The acquisition also includes the Jalisco Group of Properties, consisting of 5,245 hectares of mining concessions owned by El Pilon, located in the municipalities of Etzatlán and Tototlán, Jalisco. Flextronics will acquire all of the issued and outstanding shares of Minera El Pilon, S.A. de C.V., a wholly-owned subsidiary of First Majestic. The San Martin Silver Mine was placed under care and maintenance by First Majestic in July 2019. First Majestic presently owns and operates four producing underground mines in Mexico and a portfolio of development and exploration assets, including the Jerritt Canyon Gold project in northeastern Nevada, U.S.A. The company anticipates that the transaction will close in the fourth quarter of 2026, subject to customary closing conditions and Mexican Antitrust approval.

J2 Metals Mobilizes UAV Drone Mag Survey at Sierra Plata Silver-Gold-Antimony Project, Zacualpan-Taxco District, Mexico

(TSXV: JTWO) (OTCQB: JTWOF) — J2 Metals Inc. announced that crews have been mobilized to complete a high-resolution unmanned aerial vehicle (UAV) drone magnetometer geophysical survey across its Sierra Plata silver-gold-antimony project in the Zacualpan-Taxco district of Guerrero State, Mexico. The survey will cover approximately 1,885 hectares of the Sierra Plata Project area for a total of 562 line-kilometres, including tie lines, with line spacing of 50 metres and tie-line spacing of 500 metres. The airborne magnetic survey will be carried out by JM Geoconsultores of Querétaro, Mexico, and will officially commence field activities July 8, 2026. Recent sampling of waste dumps at Sierra Plata returned grades of up to 3,932 g/t AgEq across five past-producing silver-gold mines. At the Miniac Project in Québec's Abitibi Greenstone Belt, a newly completed 41-kilometre OreVision™ IP survey has identified prospective anomalies, supporting a planned Phase II drill program of up to 5,000 metres across a 7-kilometre conductive horizon. At the Napoleon Project in Alaska, rock-chip samples have returned up to 596 g/t gold, with historical drilling by Teck and Kennecott reporting intercepts of 8.9 g/t gold over 3 metres and 0.9 g/t gold over 79 metres. The company anticipates identifying a large number of high-priority targets for drill evaluation.

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