MMTP", also commercially known as
"Latitude Silver") are pleased to announce the signing of a business combination agreement (the "
Business Combination Agreement"). Pursuant to the Business Combination Agreement, Oro X will acquire 100% of the issued and outstanding shares of MMTP (the "
Transaction").
With a team led by CEO Jose Garcia, Executive Chairman Luis Zapata, and Lead Advisor Paul Matysek, Silver X will be Latin America's next low-cost silver producer. The combination of Oro X's and MMTP's teams, assets and operational experience creates a growth-focused platform primed to consolidate the fragmented Peruvian silver landscape.
Upgrading and expanding MMTP's Nueva Recuperada inferred resource pursuant to a NI 43-101 Technical Report for Recuperada Project, Peru with an effective date of October 15, 2020 (the "