ExchangeDEX+

Buy Crypto Markets Spot FuturesGOLD Earn Event Center

Shine Minerals Corp. updates on its acquisition of Red Cloud Silver Ltd., aiming to reactivate as a Tier 2 Mining Issuer and explore the Silver District ProjectShine Minerals Corp. updates on its acquisition of Red Cloud Silver Ltd., aiming to reactivate as a Tier 2 Mining Issuer and explore the Silver District Project

Shine Minerals Advances Acquisition of Arizona Silver-Fluorspar-Barite Project

Author: Citybuzz

Source: Citybuzz

2026/01/31 06:15

Shine Minerals Corp. has provided an update on its proposed transaction with Red Cloud Silver Ltd., which would grant Shine an option to acquire all of RCS’s issued and outstanding common shares. The transaction is proceeding toward closing, with the company having made requisite submissions to the TSX Venture Exchange. Completion remains subject to customary conditions, including TSXV approval.

The significance of this transaction lies in RCS’s holdings: it is a private British Columbia company that holds an option on the Silver District Exploration Project located in La Paz County, Arizona. This project represents a potential high-grade silver-fluorspar-barite opportunity in southern Arizona. The acquisition is intended to serve as Shine’s reactivation from the NEX board to a Tier 2 Mining Issuer in accordance with TSXV Policy 2.6, Section 1.4.

In connection with the proposed transaction, a finder’s fee of 1,000,000 common shares in the capital of Shine Minerals is payable to an arm’s-length finder, subject to compliance with applicable securities laws and TSXV policies and approval. This press release was published in accordance with Section 3.5 of TSX Venture Exchange Policy 3.3 regarding timely disclosure.

The transaction highlights the ongoing interest in mineral exploration in established mining regions like southern Arizona, where projects combining multiple commodities like silver, fluorspar, and barite can offer diversified potential. For investors, the move represents Shine Minerals’ strategic effort to transition from the NEX board back to active trading status as a mining issuer, potentially increasing visibility and access to capital markets.

While forward-looking statements in the release note the exploration potential of the project and potential future production, they also caution about risks including the need for additional financing, regulatory approvals, commodity price fluctuations, and operational challenges inherent in mineral exploration. The original release can be viewed on www.newmediawire.com.

This news story relied on content distributed by NewMediaWire. Blockchain Registration, Verification & Enhancement provided by NewsRamp. The source URL for this press release is Shine Minerals Advances Acquisition of Arizona Silver-Fluorspar-Barite Project.

The post Shine Minerals Advances Acquisition of Arizona Silver-Fluorspar-Barite Project appeared first on citybuzz.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.