Mr. Lon Shaver reports
EXPIRY OF EXCLUSIVITY PERIOD
Further to Silvercorp Metals Inc.'s news release of May 15, 2023, the exclusivity period entered into between Silvercorp and Celsius Resources Ltd. in the non-binding term sheet announced on that date, which was subsequently extended, has expired effective July 31, 2023.
The two companies have not agreed on the terms of a definitive agreement in line with those contained in the term sheet and currently no negotiation is continuing.
About Silvercorp
Metals Inc.
Silvercorp is a profitable Canadian mining company producing silver, lead and zinc metals in concentrates from mines in China. The company's goal is to continuously create healthy returns to shareholders through efficient management, organic growth and the acquisition of profitable projects.
We seek Safe Harbor.
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