Mercado Minerals signs LOI to buy La Franca concession at Zamora project in Mexico

Bitget2026/09/18 11:31

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Mercado Minerals signed an LOI to buy the La Franca concession within its Zamora project in Sinaloa, Mexico.
Deal structured as a three-year option to acquire 100%, subject to a 2% net smelter return royalty.
Option payments total US$ 600,000, including US$ 100,000 on signing, then US$ 200,000 on year two and year three anniversaries.
Royalty carries a US$ 500,000 buyback right to repurchase the full 2%.
Surface chip sampling reported up to 1 m of 1,530 g/t silver, 1.39 g/t gold; combined vein strike extended to 750 m.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mercado Minerals Ltd. published the original content used to generate this news brief via Newsfile (Ref. ID: 202609180730NEWSFILECNPR____20260918_314960_1) on September 18, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Mercado Minerals signs LOI to buy La Franca concession at Zamora project in Mexico

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