Defiance Silver Signs Long-Term Access Agreement at Its Green Earth Project, Sonora
Defiance Silver Signs Long-Term Access
Agreement at Its Green Earth Project, Sonora
Vancouver, British Columbia--(Newsfile Corp. - February 12, 2026) - Defiance Silver Corp. (TSXV:
DEF) (FSE: D4E) (WKN: A1JQW5) ("
Defiance
" or the "
Company
") is pleased to announce that it has
successfully secured a long-term surface access agreement (the "
Agreement
") covering the Victoria
target at its Green Earth Project in Sonora, Mexico. Under the terms of the five-year agreement, the
Company has secured the right to conduct surface exploration, drilling, and engineering studies at its
Green Earth Project.
Management Commentary
"
Securing surface access at Victoria is an important step in unlocking the value of the Green Earth
Project. This agreement allows us to advance Victoria in a disciplined, capital-efficient manner."
— Chris Wright, Executive Chairman & CEO, Defiance Silver
Victoria Target Highlights
The
Victoria target
represents a
large, previously untested Laramide-age porphyry copper-
molybdenum-gold system
located within the highly prospective
Sonora Laramide Porphyry
Copper Belt
, which hosts world-class deposits such as
Cananea
and
La Caridad
. The Green Earth
Project spans approximately 6,800 hectares and benefits from excellent infrastructure, year-round
access, and proximity to skilled labor and services.
Figure 1. Regional Map
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Key attributes include:
A large alteration footprint defined by phyllic and potassic alteration assemblages
Leached capping with anomalous copper, molybdenum, and gold geochemistry
Intermediate-sulphidation epithermal veins indicative of a robust mineralized system
Strong geophysical responses, including coincident MT and IP chargeability / resistivity anomalies
GRANT OF OMNIBUS AWARDS
Defiance has granted the following:
Stock Options
- an aggregate of 2,720,000 incentive stock options ("
Options
") have been granted to
certain employees, directors, and consultants to purchase common shares of the Company (each, a
"
Common Share
") at an exercise price $0.35. The Options are exercisable for five years from the date
of grant and vest equally over a three-year period beginning on the date of grant.
Deferred Share Units
- an aggregate of 289,000 Deferred Share Units ("
DSUs
") have been granted to
certain directors. Each DSU represents a right of the holder to receive one Common Share effective as
at the date the holder ceases to serve as a director of the Company. The DSUs vest on the one-year
anniversary of the date of grant.
Performance Share Units
- an aggregate of 458,000 Performance Share Units ("
PSUs
") have been
granted to certain employees. Each PSU entitles the holder to acquire one Common Share on the
vesting date. The PSUs vest on the one-year anniversary of the date of grant, subject to certain
corporate and individual performance criteria.
Restricted Share Units - an aggregate of 314,000 Restricted Share Units ("
RSUs
") have been granted,
to certain employees. Each RSU entitles the holder to acquire one Common Share on vesting. The
RSUs vest equally over a three-year period beginning on the one-year anniversary of the date of grant.
ABOUT DEFIANCE SILVER CORP.
Defiance Silver Corp. (TSXV: DEF) (OTCQX: DNCVF) (FSE: D4E) is an exploration company focused
on advancing
district-scale precious and base metal projects in Mexico
. The Company's portfolio
includes:
The
Zacatecas Project
in the historic Zacatecas Silver District
The
100%-owned Tepal Gold-Copper Project
in Michoacán
The
Green Earth Metals property portfolio
in Sonora State
Defiance is led by a proven management and technical team with experience advancing exploration
assets through discovery and development. The Company is committed to
capital-efficient
exploration, disciplined growth, and responsible development
.
For more Information
Defiance Silver Corp.
Suite 2900-550 Burrard Street
Vancouver, BC V6C 0A3, Canada
Investor Relations: +1 (604) 343-4677
Email:
Website:
www.defiancesilver.com
Qualified Person
Mr. George Cavey, P. Geo, is a Qualified Person within the meaning of National Instrument 43-101
and has approved the technical information concerning the Company's material mineral properties
contained in this press release.
Disclaimer
Neither 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.
Caution Regarding Forward-Looking Information
Information contained in this news release which are not statements of historical facts may be
"forward-looking information" for the purposes of Canadian securities laws. Such forward-looking
information involves risks, uncertainties and other factors that could cause actual results,
performance, prospects, and opportunities to differ materially from those expressed or implied by
such forward looking information. The words "believe", "expect", "anticipate", "contemplate", "plan",
"intends", "continue", "budget", "estimate", "may", "will", "schedule", "understand" and similar
expressions identify forward-looking information. These forward-looking statements relate to, among
other things: the Company's expectations regarding the ability of the Mining Bureau of Mexico City to
reinstate ownership of the concessions to the Company, cooperation with the Mining Bureau relating
to such reinstatement and the potential for any successful solution resulting therefrom.
Forward-looking information is necessarily based upon a number of estimates and assumptions that,
while considered reasonable by Defiance, are inherently subject to significant technical, political,
business, economic and competitive uncertainties, and contingencies. Known and unknown factors
could cause actual results to differ materially from those projected in the forward-looking information.
Factors and assumptions that could cause actual results or events to differ materially from current
expectations include, among other things: the inability of the Company to regain possession of its
concessions; political risks associated with the Company's operations in Mexico; the failure of the
Mining Bureau in Mexico City to take any coercive action to reinstate ownership of the concessions to
the Company; and the inability of the Company and its subsidiaries to enforce their legal rights in
certain circumstances. For additional risk factors, please see the Company's most recently filed
Management Discussions & Analysis for its quarter ended February 29, 2024, available on SEDAR+
at
www.sedarplus.ca
.
There can be no assurances that forward-looking information and statements will prove to be accurate,
as many factors and future events, both known and unknown could cause actual results, performance,
or achievements to vary or differ materially from the results, performance or achievements that are or
may be expressed or implied by such forward-looking statements contained herein or incorporated by
reference. Accordingly, all such factors should be considered carefully when making decisions with
respect to Defiance, and prospective investors should not place undue reliance on forward looking
information. Forward-looking information in this news release is made as at the date hereof. The
Company assumes no obligation to update or revise forward-looking information to reflect changes in
assumptions, changes in circumstances or any other events affecting such forward-looking
information, except as required by applicable law.
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