AbraSilver Makes Early Final Payment for Diablillos Project
Toronto, Canada – April 10, 2025 – AbraSilver Resource Corp. (TSX: ABRA, OTCQX: ABBRF) (“AbraSilver” or the “Company”), a silver-gold exploration and development company, has announced an early accomplishment in relation to the Diablillos Project in Salta province, Argentina. This significant milestone was achieved through the Company’s early completion of the final property payment to EMX Royalty Corporation (“EMX”), as per the terms of the second amended and restated share purchase agreement signed on March 21, 2017.
Background on the Diablillos Project
The Diablillos Project, a silver-gold property, is a valuable asset for AbraSilver, located in the mining-friendly Salta province of Argentina. The Company had originally agreed to make the final payment of US$7.0 million by July 31, 2025, as part of the Purchase Agreement with EMX. However, AbraSilver managed to pay US$6.85 million ahead of schedule, bringing the total obligation under the agreement to a reduced amount.
Implications for AbraSilver
This early completion of the final payment to EMX not only demonstrates AbraSilver’s financial strength but also its commitment to the Diablillos Project. By paying the amount earlier than expected, the Company has gained more time to focus on exploration, development, and potential growth opportunities at Diablillos. This could lead to increased investor confidence and potentially higher stock prices.
Impact on the Global Mining Industry
The mining industry, particularly the silver and gold sectors, has been observing the developments at the Diablillos Project with great interest. AbraSilver’s early completion of the final payment to EMX could serve as a positive sign for the industry as a whole. This proactive approach to financial obligations could encourage other mining companies to follow suit, potentially leading to increased investor confidence and a more stable mining sector.
Conclusion
AbraSilver’s early completion of the final payment for the Diablillos Project is a significant achievement for the Company and a positive sign for the mining industry. By paying the amount ahead of schedule, AbraSilver has demonstrated its financial strength and commitment to the Diablillos Project. This could lead to increased investor confidence, potentially higher stock prices, and a more stable mining sector. The mining industry is closely watching this development and its potential implications.
- AbraSilver completes final payment for Diablillos Project ahead of schedule
- Reduces total obligation under the Purchase Agreement
- Demonstrates financial strength and commitment to Diablillos
- Positive sign for the mining industry
