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AbraSilver Accelerates US$6.85 Million Payment to EMX Royalty Corp, Securing Diablillos Project
EMXEMX Royalty (EMX) Thenewswire·2025-04-10 22:00

Core Insights - AbraSilver Resource Corp. has completed the final property payment of US6.85milliontoEMXRoyaltyCorporation,aheadoftheoriginalduedateofJuly31,2025,andreducedfromtheinitialobligationofUS6.85 million to EMX Royalty Corporation, ahead of the original due date of July 31, 2025, and reduced from the initial obligation of US7.0 million, securing 100% ownership of the Diablillos silver-gold project in Argentina [1][2]. Company Overview - AbraSilver is an advanced-stage exploration company focused on the Diablillos silver-gold project, which is located in the mining-friendly Salta and Catamarca provinces of Argentina [4]. - The current Proven and Probable Mineral Reserve estimate for the Diablillos project is 42.3 million tonnes grading 91 grams per tonne silver and 0.81 grams per tonne gold, containing approximately 124 million ounces of silver and 1.1 million ounces of gold, with significant exploration upside potential [4]. - The company has also entered into an earn-in option and joint venture agreement with Teck on the La Coipita project in San Juan province, Argentina [4]. Management Commentary - John Miniotis, President and CEO of AbraSilver, stated that the completion of the final payment is a key milestone that strengthens the company's financial position and allows for a focus on advancing the Diablillos Project towards production [3].