PPX Mining Corp. Closes First Tranche of Silver Royalty Agreement

PPX Mining Corp. has successfully closed the first tranche of its silver royalty agreement with Silver Crown Royalties Inc. The agreement, initially dated December 13, 2024, brings gross proceeds of USD 1 million. This funding is earmarked to support the ongoing construction of PPX's CIL and Flotation plant at the Igor project in La Libertad, Peru.

The first tranche grants Silver Crown Royalties a 6% silver royalty from the Igor 4 mining concession. A second tranche of USD 1,470,000, expected within six months, will increase this royalty to 15%. If not completed, PPX retains the right to repurchase it for USD 1 million, minus any payments made.

For additional details, the Royalty Agreement can be accessed on PPX's SEDAR+ profile. The company emphasizes the forward-looking nature of certain statements regarding future business plans and construction activities.