The TSX Venture Exchange has accepted for filing documentation pertaining to an asset purchase agreement dated July 12, 2024, between the Silver Valley Metals Corp. and its subsidiary, North Idaho Metals Corp. (collectively, the vendor), and Silver Dollar Resources Inc. (the purchaser parent) and its subsidiary, Silver Dollar Resources (Idaho) Inc. (the purchaser), whereby the purchaser will acquire all of the vendor's interest in the assets related to the company's Ranger-Page project in Shoshone county, Idaho, including option rights under two underlying agreements, the Government Gulch option and joint venture agreement, and the Page mine mineral rights lease and option agreement.

According to the agreement, upon the closing, the company has received $300,000 in cash and six million common shares of the purchaser parent at a deemed price per share of 30 cents. The payment shares are subject to contractual escrow and will be released in tranches over 24 months.

Additionally, if the purchaser exercises its option under the Government Gulch option and joint venture agreement, it will grant the company a 0.5-per-cent net smelter return (NSR) royalty from the Government Gulch property. If the purchaser exercises its option under the Page mine mineral rights lease and option agreement, it will grant the company a 1-per-cent NSR royalty from the Page mine property, with the option for the purchaser to buy back a 0.5-per-cent royalty at any time for $500,000.

Upon the closing, the company has paid finders' fees consisting of 1,512,500 shares of the company at six cents per share to Kluane Capital FZCO and 779,166 shares of the company at six cents per share to Canal Front Investments Inc.

The transaction is arm's length in nature.

For further details, please refer to the company's news releases dated July 15, 2024, and Aug. 7, 2024.