Santacruz Silver Completes Full $40 Million Base Purchase Price Payment, Marking Milestone in Bolivian Growth Strategy
Santacruz Silver Completes Full $40 Million
Base Purchase Price Payment, Marking
Milestone in Bolivian Growth Strategy
VANCOUVER, BC
,
Sept. 4, 2025
/CNW/ -
Santacruz Silver Mining Ltd.
(TSXV: SCZ) (OTCQX:
SCZMF) (FSE: 1SZ) ("
Santacruz
" or the "
Company
") is pleased to announce the successful
completion of the fourth and fifth payments, including the final installment, totaling
US$15 million
, to
Glencore. This milestone marks the full satisfaction of the
US$40 million
Acceleration Option and
completes the Base Purchase Price for the acquisition of the Company's Bolivian assets,
underscoring a significant step forward in its growth strategy.
This
US$15 million
installment, reflecting the
September 5
and
October 31, 2025
payments, together
with the previously announced payments made on
March 20
,
May 6
, and
July 7, 2025
, completes
the total Base Purchase Price under the Acceleration Option of
US$40 million
. With this payment,
Santacruz has successfully secured
US$40 million
in savings and reinforced its commitment to
financial discipline and long-term value creation.
Arturo Préstamo, Executive Chairman and CEO of Santacruz, commented: "We are thrilled to have
fully executed this strategic plan, which reflects our disciplined financial approach and commitment to
creating long-term value. Completing the final payments to Glencore not only fulfills our obligations
under the Acceleration Option but also underscores the strength of our balance sheet and prudent
capital management."
Mr. Préstamo added: "With
US$40 million
now fully satisfied, we have generated significant savings
and are well positioned to advance our growth strategy. We sincerely thank Glencore for their
ongoing support and collaborative approach throughout this process."
Please refer to the Company's
April 4, 2024
,
October 3, 2024
,
March 20, 2025
,
May 6, 2025
and
July 7, 2025
, news releases for details on the payment structure for the Bolivian assets acquisition.
About Santacruz Silver Mining Ltd
.
Santacruz Silver
is engaged in the operation, acquisition, exploration, and development of mineral
properties across
Latin America
. In
Bolivia
, the Company operates the Bolivar, Porco, and Caballo
Blanco mining complexes, with Caballo Blanco comprising the Tres Amigos and Colquechaquita
mines. The Reserva mine, whose production is provided to the
San Lucas
ore sourcing and trading
business, is also located in
Bolivia
. Additionally, the Company oversees the Soracaya exploration
project. In
Mexico
, Santacruz operates the Zimapán mine.
'signed'
Arturo Préstamo Elizondo,
Executive Chairman and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Forward Looking Information
This news release includes certain statements and information that may constitute forward-looking
information within the meaning of applicable Canadian securities laws. Forward-looking statements
relate to future events or future performance and reflect the expectations or beliefs of management
of the Company regarding future events. Generally, forward-looking statements and information
can be identified by the use of forward-looking terminology such as "intends", "expects" or
"anticipates", or variations of such words and phrases or statements that certain actions, events or
results "may", "could", "should", "would" or will "potentially" or "likely" occur. This information and
these statements, referred to herein as "forward
looking statements", are not historical facts, are
made as of the date of this news release and include without limitation, statements regarding the
Company's payment of the Acceleration Option.
These forward
looking statements involve numerous risks and uncertainties and actual results
might differ materially from results suggested in any forward-looking statements. These risks and
uncertainties include, among other things, risks that the Company may not have sufficient funds to
exercise the Acceleration Option, risks related to changes in general economic, business and
political conditions, including changes in the financial markets, changes in applicable laws, and
compliance with extensive government regulation, as well as those risk factors discussed or
referred to in the Company's disclosure documents filed with the securities regulatory authorities in
certain provinces of
Canada
and available at
www.sedarplus.ca
.
In making the forward-looking statements in this news release, the Company has applied several
material assumptions, including without limitation, the assumption that the Company will that
Company will have sufficient funds to exercise the Acceleration Option prior to the end of October,
2025.
There can be no assurance that any forward-looking information will prove to be accurate, as
actual results and future events could differ materially from those anticipated in such statements.
Accordingly, the reader should not place any undue reliance on forward-looking information or
statements. The Company undertakes no obligation to update forward-looking information or
statements, other than as required by applicable law.
SOURCE
Santacruz Silver Mining Ltd.
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For further information:
For further information please contact: Arturo Préstamo Elizondo,
Santacruz Silver Mining Ltd., Email: [email protected], Telephone: +52 81 83 785707;
Andrés Bedregal, Santacruz Silver Mining Ltd., Email: [email protected], Telephone: +591
22444849
CO: Santacruz Silver Mining Ltd.
CNW 07:00e 04-SEP-25