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Toronto – April 10, 2025: AbraSilver Resource Corp. (TSX: ABRA; OTCQX: ABBRF) (“AbraSilver” or the “Company”) is pleased to announce that it has made the final property payment to EMX Royalty Corporation (“EMX”) under the terms of the second amended and restated share purchase agreement dated March 21, 2017, as amended (the “Purchase Agreement”), in respect of the Company’s Diablillos silver-gold project in Salta province, Argentina (the “Diablillos Project”). This final payment, originally due by July 31, 2025, was completed ahead of schedule by the Company paying US$6.85 million, a reduced total obligation from the original US$7.0 million payment obligation contemplated by the Purchase Agreement.
With this final payment, AbraSilver has fully satisfied its purchase obligations, securing 100% ownership of the Diablillos Project.
John Miniotis, President and CEO of AbraSilver, commented, “The completion of this final payment marks a key milestone for AbraSilver. By making this payment early, we have further strengthened our financial position while maintaining our focus on rapidly advancing the Diablillos Project towards production. We would like to thank the EMX team for their collaboration and flexibility throughout this process.”
EMX's interest in the Purchase Agreement resulted from EMX’s acquisition of a portfolio of royalty interests and payments from SSR Mining Inc. and certain of its subsidiaries (see EMX news releases dated July 29 and October 21, 2021). EMX continues to retain a 1.0% net smelter return (NSR) royalty on the Diablillos Project.
About AbraSilver
AbraSilver is an advanced-stage exploration company focused on rapidly advancing its 100%-owned Diablillos silver-gold project in the mining-friendly Salta and Catamarca provinces of Argentina. The current Proven and Probable Mineral Reserve estimate for Diablillos, from a recently completed Pre-Feasibility Study, consists of 42.3 Mt grading 91 g/t Ag and 0.81 g/t Au, containing approximately 124 Moz silver and 1.1 Moz gold, with significant further exploration upside potential. In addition, the Company has entered into an earn-in option and joint venture agreement with Teck on the La Coipita project, located in the San Juan province of Argentina. AbraSilver is listed on the TSX under the symbol “ABRA” and in the U.S. on the OTCQX under the symbol “ABBRF.”
For further information please visit the AbraSilver Resource website at www.abrasilver.com, our LinkedIn page at AbraSilver Resource Corp., and follow us on X at www.x.com/abrasilver
Alternatively, please contact:
John Miniotis, President and CEO
[email protected]
Tel: +1 416-306-8334
Cautionary Statements
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. 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. When considering this forward-looking information, readers should keep in mind the risk factors and other cautionary statements in the Company’s disclosure documents filed with the applicable Canadian securities regulatory authorities on SEDAR+ at www.sedarplus.ca. The risk factors and other factors noted in the disclosure documents could cause actual events or results to differ materially from those described in any forward-looking information. 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 as required by law.
Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this news release