Major Shareholder Frank Giustra Increases Position IN Argenta Silver Corp. to 15.09% Following Purchase IN Open Market TSXV – AGAG
MAJOR SHAREHOLDER FRANK GIUSTRA
INCREASES POSITION IN ARGENTA SILVER
CORP. TO 15.09% FOLLOWING PURCHASE IN
OPEN MARKET
TSXV – AGAG
VANCOUVER, BC
,
Jan. 29, 2025
/CNW/ - Argenta Silver Corp. (TSXV: AGAG) ("Argenta" or the
"Company") is pleased to announce that
Frank Giustra
, a
major shareholder and strategic
supporter of the Company, has increased his ownership stake in
Argenta
to 15.09% following
the purchase of 2,500,000 common shares (the "Shares") of the Company in the open
market
. This acquisition reflects Mr. Giustra's continued confidence in
Argenta's
vision, leadership,
and exploration potential.
Frank Giustra
, a highly regarded entrepreneur and philanthropist, is well known for his strategic
investments in the resource sector. His significant contributions to the mining industry and deep
understanding of the junior exploration market have positioned him as a trusted and influential figure.
Mr. Giustra's increased position in
Argenta
further reinforces his belief in the value of the Company
and the Company's flagship El Quevar Project in
Salta Province
,
Argentina
.
Frank Giustra
remarked: "My decision to increase my holdings in
Argenta
reflects my strong belief in
the Company's vision to unlock the value of high-potential silver assets and its disciplined approach
to exploration. With the growing demand for silver,
Argenta
is uniquely positioned to deliver
significant value. I am proud to support a team that is committed to advancing responsible
exploration in one of
Latin America's
most promising jurisdictions."
The El Quevar Project hosts an Indicated Resource of 45.3 million ounces of silver at a grade of 482
g/t Ag and an Inferred Resource of 4.1 million ounces of silver at a grade of 417 g/t Ag
(1)
, ranking it
among the top three undeveloped silver deposits in
Argentina
. Originally explored extensively
between 2008 and 2013 by its previous owner, the project has since seen only limited and sporadic
exploration activities. Argenta Silver Corp. identified the strategic value of this exceptional asset and
acquired it in late 2024, and the Company is positioning itself to unlock its full potential.
Joaquin Marias, Vice President of Exploration and Development of Argenta Silver Corp.,
commented: "
Frank Giustra's
decision to increase his position in
Argenta
speaks volumes about the
long-term potential of our project and the strength of our team. His strategic insights and unwavering
support have been instrumental in our growth, and this move demonstrates his commitment to
advancing
Argenta's
success. We extend our gratitude for his confidence in our vision."
Argenta
remains committed to advancing its exploration efforts at El Quevar responsibly and
strategically, while delivering long-term value for its stakeholders. With the support of experienced
and dedicated shareholders like Mr. Giustra, the Company is well-positioned to achieve its
objectives and unlock the full potential of its high-quality silver assets.
Early Warning
The Company has been advised that Mr. Giustra, through one of his related entities, acquired an
aggregate 2,500,000 Shares in a series of transactions through the facilities of the TSX Venture
Exchange. Following the acquisition of the Shares, Mr. Giustra owns and/or controls directly or
indirectly, an aggregate of 25,540,000 Shares and 3,425,000 common share purchase warrants of
the Company (each, a "Warrant") representing 15.09% of the outstanding Shares and 16.78% on a
partially diluted basis, assuming the exercise of 3,425,000 Warrants.
Prior to the acquisition of the Shares, and as reported on the last early warning report filed on
September 25, 2024
, Mr. Giustra had indirect ownership and/or control over an aggregate of
23,040,000 Shares of the Issuer representing approximately 13.62% of the outstanding Common
Shares of the Issuer on a diluted and undiluted basis.
The Company is advised that Mr. Giustra acquired these securities for investment purposes and has
no present intention to acquire further securities of the Company, although it may in the future
acquire or dispose of securities of the Company, through the market, privately or otherwise, as
circumstances or market conditions warrant. A copy of the Early Warning Report filed by Mr.
Giustra may be obtained from the Issuer's SEDAR profile.
About Argenta Silver Corp.
Argenta Silver Corp. is a focused silver exploration company committed to advancing projects that
support the global energy transition. Our mission is to create sustainable, long-term value for
shareholders by acquiring and developing high-potential silver assets in mining-friendly jurisdictions
across
Latin America
. Led by an experienced management team with deep expertise in exploration,
finance, and project development,
Argenta
takes a disciplined, strategic approach to growth. With a
strong emphasis on responsible mining practices, we are well-positioned to meet the rising demand
for silver—a critical metal in renewable energy and emerging technologies—while building a lasting
and successful company.
Andrew Hamilton
, P.Geo., a "qualified person" as defined by National Instrument 43-101 Standards
of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical
information contained in this news release.
(1) Refer to NI43-101 technical report with effective date of September 30, 2024, titled "NI 43-101 Technical Report on the Mineral Resource Estimate of the El Quevar Project Salta
Province, Argentina", posted on www.SEDAR.com under Argenta Silver Corp.
On behalf of Argenta Silver Corp.
"Geir Liland"
Chief Executive Officer
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
Certain statements and information herein contain forward-looking statements and forward-looking
information within the meaning of applicable securities laws. Such forward-looking statements or
information include but are not limited to statements or information with respect to: the El Quevar
project. Although management of the Company believe that the assumptions made and the
expectations represented by such statements or information are reasonable, there can be no
assurance that forward-looking statements or information herein will prove to be accurate.
Forward-looking statements and information by their nature are based on assumptions and involve
known and unknown risks, uncertainties and other factors which may cause actual results,
performance or achievements, or industry results, to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking statements or
information. These risk factors include, but are not limited to: exploration and development of the
El Quevar project may not result in any commercially successful outcome for the Company; risks
associated with the business of the Company; business and economic conditions in the mining
industry generally; changes in general economic conditions or conditions in the financial markets;
changes in laws (including regulations respecting mining concessions); and other risk factors as
detailed from time to time. The Company does not undertake to update any forward-looking
information, except in accordance with applicable securities laws.
SOURCE
Argenta Silver Corp.
View original content:
http://www.newswire.ca/en/releases/archive/January2025/29/c1631.html
%SEDAR: 00009657E
For further information:
For further information please contact: Tel: 604.609.6110, Email:
[email protected] or visit the Company's website at https://www.argentasilver.com
CO: Argenta Silver Corp.
CNW 08:30e 29-JAN-25