SILVER VIPER COMPLETES ACQUISITION OF CIMARRON GOLD-COPPER PROJECT
Pursuant to the terms of a purchase agreement dated May 8, 2025, between the Company, CSAC and all of the shareholders of CSAC (the " Vendors"), Silver Viper acquired all of the outstanding common shares of CSAC from the Vendors in exchange for 9,000,000 common shares at a deemed price of $0.20 per share, of Silver Viper (the " Shares"). The Shares issued to the arm's length Vendors are not subject to a hold period under applicable Canadian securities laws and no finders' fees were paid in connection with the Transaction.
Highlights of the Cimarron Project
The Cimarron Project is located on the prolific porphyry belt from Arizona to Jalisco and is situated in the well-established mining jurisdiction of Mexico. The Cimarron Project lies between Mazatlán and Rosario in Sinaloa and is accessible via an 11-kilometre dirt road from a nearby paved road. The area is relatively flat, with low topographic contrast, supporting ease of access. An electrical line passes one kilometre south of the property. The nearby towns of Rosario—a historic mining community—and Mazatlán provide access to skilled local labour.
Qualified Person
The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101 and reviewed and approved by Ben Whiting, P.Geo., a Qualified Person as defined in NI 43-101.
About the Company
Silver Viper Minerals Corp. is a Canadian-based junior mineral exploration company focused on precious metals exploration in Mexico. The Company is the operator and 100% owner of the La Virginia Gold-Silver Project in Sonora. The Company continues to evaluate and advance mineral exploration opportunities across key mining jurisdictions in Mexico and acquired the Cimarron Project in Sinaloa, Mexico in June 2025.
ON BEHALF OF THE BOARD OF DIRECTORS,
Steve Cope
President and CEO
Follow us on social media:
X: @SilverViperCorp
LinkedIn: Silver Viper Minerals Corp.
Facebook: Silver Viper Minerals
YouTube: @SilverViperMinerals
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information
This news release includes forward-looking statements that are subject to inherent risks and uncertainties. All statements within this news release, other than statements of historical fact, are to be considered forward looking and include, without limitation, any statements respecting future plans for the Cimarron Project. Although Silver Viper believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those described in forward-looking statements. Factors that could cause actual results to differ materially from those described in forward-looking statements include fluctuations in market prices, including metal prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties.
SOURCE Silver Viper Minerals Corp.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Toronto Star
19 minutes ago
- Toronto Star
MAX Power Closes Financings for $4.45 Million with Eric Sprott as Lead Order
VANCOUVER, British Columbia, Aug. 08, 2025 (GLOBE NEWSWIRE) — MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) ('MAX Power' or the 'Company') is pleased to announce that in conjunction with the previously announced closings of its non-brokered private placements of units for total gross proceeds of C$2,450,000 (refer to August 1, 2025 news release), with Eric Sprott as the lead order, the Company has now closed its LIFE Offering of units of the Company at a price of C$0.20 per unit for total gross proceeds of C$2,000,000. Pursuant to the closing of the LIFE Offering, involving strategic new investors, the Company issued 10 million units comprising one common share in the capital of the Company (a 'Share') and one Share purchase warrant (a 'Warrant'). Each Warrant entitles the holder to acquire one additional share (a 'Warrant Share') at a price of C$0.25 per Warrant Share from the date that is 61 days after the closing date of the LIFE Offering until the date that is 24 months from the closing date of the LIFE Offering. The Company paid a cash finder's fee of $10,500 and issued 35,000 finder warrants (each, a 'Finder Warrant') to certain finders in connection with the Offering. The Finder Warrants entitle the holder to purchase one additional non-transferable Warrant Share at a price $0.25 per Warrant Share for a period of two years following closing. ARTICLE CONTINUES BELOW Proceeds of the Offering will go toward exploration of MAX Power's Natural Hydrogen properties in Saskatchewan and general working capital purposes. Mr. Mansoor Jan, MAX Power CEO, commented: 'In total we have raised gross proceeds of $4.45 million, our largest financing ever - $2 million was previously announced on August 1, 2025, and is from Eric Sprott, while much of the additional $2.45 million is from other strategic new investors with significant participation as well from management and directors. Our goal is to make MAX Power the world's leading Natural Hydrogen-focused company and our foundation is a powerful team of geoscientists, engineers and market and business leaders leveraging the largest permitted land package for Natural Hydrogen exploration and development in Canada, anchored in the pro-resource province of Saskatchewan.' Mansoor concluded: 'As previously announced, we are extremely pleased to have Eric Sprott as a major new shareholder of MAX Power as we embark on this exciting new phase in the company's young history.' Certain Insiders participated in the LIFE Offering which is considered to be a related party transaction subject to Multilateral Instrument 61-101. The Company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of Multilateral Instrument 61-101 on the basis that participation in the private placement by insiders will not exceed 25% of the fair market value of the Company's market capitalization. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the 'U.S. Securities Act'), or any state securities laws, and may not be offered or sold within the United States or to, or for the account or benefit of, 'U.S. persons' (as such term is defined in Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act and applicable state securities laws, or an exemption from such registration. MAX Power Corporate Video – Natural Hydrogen Learn more about MAX Power and its opportunity in the Natural Hydrogen space by clicking on the following link: ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW MAX Power Natural Hydrogen Presentation Learn more about MAX Power's advantage in North America's Natural Hydrogen sector by clicking on the following link: About MAX Power MAX Power is an innovative mineral exploration company focused on North America's shift to decarbonization. The Company is a first mover in the rapidly growing Natural Hydrogen sector where it has built a dominant district scale land position with approximately 1.3 million acres (521,000 hectares) of permits covering prime exploration ground prospective for large volume accumulations of Natural Hydrogen. High priority initial drill target areas have been outlined. MAX Power also holds a portfolio of properties in the United States and Canada focused on critical minerals. These properties are highlighted by a 2024 diamond drilling discovery at the Willcox Playa Lithium Project in southeast Arizona. Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. On behalf of the Board of Directors, Mansoor Jan - CEO MAX Power Mining Corp. info@ For further information, please contact: Chad Levesque Ph: 1-306-981-4753 Email: ChadLevesqueConsulting@ Forward-Looking Statement Cautions This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as 'intends' or 'anticipates', or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'should', 'would' or 'occur'. This information and these statements, referred to herein as 'forward‐looking statements', are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things, the intended use of any proceeds raised under the LIFE Offering. These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: market uncertainty, the inability of the Company to utilize the anticipated proceeds of the LIFE Offering as anticipated, the potential for delays in exploration, development, permitting, the possibility that any future development results will not be consistent with the Company's expectations; risks related to commodity price ; the cyclical nature of the industry in which the Company operates; risks related to global financial markets, including the trading price of the Company's shares and the Company's ability to raise capital may also result in additional and unknown risks or liabilities to the Company. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation: the Company will obtain the required regulatory approvals for the LIFE Offering, including CSE approval; and the Company will use the proceeds of the LIFE Offering as currently anticipated. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
Cision Canada
19 minutes ago
- Cision Canada
VISIBLE GOLD MINES APPOINTS VERONIQUE LABERGE AS NEW CFO
ROUYN-NORANDA, QC, Aug. 8, 2025 /CNW/ - Visible Gold Mines Inc. (TSXV: VGD) (Frankfurt: 3V41) (the " Corporation") is pleased to announce the appointment of Ms. Veronique Laberge as the new Chief Financial Officer of the Corporation. Ms. Laberge will replace the current CFO per interim, Martin Dallaire. Mr. Dallaire remains as Chief Executive Officer of the Corporation. Ms. Veronique Laberge is a chartered professional accountant and holder of the title of auditor. With more than 19 years of experience in professional practice, she specialized in certification mandates, general accounting and has been working as a fractional CFO for multiple public and private companies since 2018. The Board of Directors of the Corporation wishes to welcome Ms Veronique Laberge. About Visible Gold Mines Visible Gold Mines is a corporation focused on gold in the Chibougamau area and lithium in the James Bay region in the province of Québec. Visible Gold Mines has 37,155,164 common shares issued and outstanding.
Cision Canada
19 minutes ago
- Cision Canada
TARGA ANNOUNCES NON-BROKERED $500,000 PRIVATE PLACEMENT OF FLOW THROUGH SHARES
VANCOUVER, BC, Aug. 8, 2025 /CNW/ - Targa Exploration Corp. (CSE: TEX) (FRA: V6Y) (OTCQB: TRGEF) (" Targa" or the " Company") today announced a non-brokered private placement for gross proceeds of up to C$500,000 (the " Offering"). The Offering will consist of the sale of flow-through shares of the Company (each, an " FT Share") at a price of C$0.15 per FT share. Each FT Share will be issued as a "flow-through share" as defined in subsection 66(15) of the Income Tax Act (Canada) and in section 359.1 of the Quebec Tax Act with respect to purchasers in Quebec. The net proceeds of the Offering will be used for exploration of the Company's Opinaca gold project. The gross proceeds from the issuance of the FT Shares will be used to incur eligible "Canadian exploration expenses" in Quebec that qualify as "flow-through mining expenditures" as such terms are defined in the Income Tax Act (Canada). The Company has agreed to renounce such qualifying expenditures with an effective date of no later than December 31, 2025, in an amount of not less than the total amount of the gross proceeds raised from the issuance of FT Shares, and incur such expenses by December 31, 2026. Closing of the Offering is anticipated to occur on or about August 22, 2025 (the "Closing Date") and is subject to customary closing conditions. In connection with the Offering, the Company may pay finder's fees to eligible finders. All securities issued in connection with the Offering will be subject to a statutory hold period of four months and a day from the Closing Date. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction. About the Opinaca Gold Project The Opinaca Project is located in the James Bay region of Quebec, approximately 45km south of the all-season Trans-Taiga Road and 140km northeast of the Eleonore gold mine. The Opinaca Project covers 85,267 contiguous hectares of the Opinaca geological sub-province, dominantly a metasedimentary region with neoarchean-aged igneous intrusions including of the Vieux Comptoir suite of granites. Till sampling and prospecting work in 2023 and 2024 has identified a 7km-long gold target trend near the center of the project. Boulder sampling in 2024 returned a dozen boulders with anomalous (>0.1g/t) gold values, including up to 6.7g/t Au. A recent airborne magnetic survey has identified a 4km magnetic anomaly at the center of the gold trend. About Targa Targa Exploration Corp. (CSE: TEX | FRA: V6Y | OTCQB: TRGEF) is a Canadian exploration company engaged in the acquisition, exploration, and development of gold mineral properties with headquarters in Vancouver, British Columbia. Targa's principal asset is it's Opinaca Gold Project where a significant gold-in-till anomaly has been identified over a strike length of 7km. Targa is planning a maiden drill program at Opinaca in 2025. Contact Information: For more information and to sign-up to the mailing list, please contact: Cameron Tymstra, CEO and President Tel: 416-668-1495 Email: [email protected] Website: This news release includes certain "Forward‐Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and "forward‐looking information" under applicable Canadian securities laws. When used in this news release, the words "anticipate", "believe", "estimate", "expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or expressions, identify forward‐looking statements or information. These forward‐looking statements or information relate to, among other things: obtaining the required regulatory approvals; completion of the Offering; the anticipated Closing Date; the proposed use of proceeds of the Offering; the tax treatment of the FT Shares; the renouncement of applicable expenditures; and the exploration and development of the Company's properties. Forward‐looking statements and forward‐looking information relating to any future mineral production, liquidity, enhanced value and capital markets profile of Targa, future growth potential for Targa and its business, and future exploration plans are based on management's reasonable assumptions, estimates, expectations, analyses and opinions, which are based on management's experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances, but which may prove to be incorrect. Assumptions have been made regarding, among other things, the price of lithium and other metals; costs of exploration and development; the estimated costs of development of exploration projects; Targa's ability to operate in a safe and effective manner and its ability to obtain financing on reasonable terms. These statements reflect Targa's respective current views with respect to future events and are necessarily based upon a number of other assumptions and estimates that, while considered reasonable by management, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward‐looking statements or forward-looking information and Targa has made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: price volatility of lithium and other metals; risks associated with the conduct of the Company's mineral exploration activities in Canada; regulatory, consent or permitting delays; risks relating to reliance on the Company's management team and outside contractors; the Company's inability to obtain insurance to cover all risks, on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical recoveries and capital and operating costs of such projects; contests over title to properties, particularly title to undeveloped properties; laws and regulations governing the environment, health and safety; the ability of the communities in which the Company operates to manage and cope with the implications of public health crises; the economic and financial implications of public health crises to the Company; operating or technical difficulties in connection with mining or development activities; employee relations, labour unrest or unavailability; the Company's interactions with surrounding communities; the Company's ability to successfully integrate acquired assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption "Risk Factors" in Targa's management discussion and analysis and other public disclosure documents. Readers are cautioned against attributing undue certainty to forward‐looking statements or forward-looking information. Although Targa has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be anticipated, estimated or intended. Targa does not intend, and does not assume any obligation, to update these forward‐looking statements or forward-looking information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law. Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
