The TSX Venture Exchange has accepted for filing documentation pertaining to an asset purchase agreement dated April 14, 2023, between Silver X Mining Corp. and arm's-length party, whereby the company to acquire the Revenue-Virginius mine and certain related assets located in the San Juan Mountains near Ouray, Colo.

In consideration, the company will make a cash payment of an aggregate amount up to $4.5-million (U.S.) as follows: $200,000 (U.S.) upon execution of the asset purchase agreement; $1-million (U.S.) at the closing of the transaction; $2-million (U.S.) upon satisfaction of certain conditions; and $1.3-million (U.S.) upon satisfaction of the certain conditions.

For further details, please refer to the company's news release dated April 17, 2023.