GR Silver Mining Commences Trading on OTCQX
GR Silver Mining Commences Trading on
OTCQX
VANCOUVER, BC
,
Feb. 24, 2026
/CNW/ - GR Silver Mining Ltd. (TSXV: GRSL) (OTCQX: GRSLF)
(FRA: GPE) ("GR Silver Mining" or the "Company") is pleased to announce it has qualified to trade
on the OTCQX® Best Market. OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated
markets for trading 12,000 U.S. and international securities, today announced GR Silver Mining has
been upgraded to OTCQX from the OTCQB Venture Market.
GR Silver Mining Ltd. begins trading today on OTCQX under the symbol "GRSLF". U.S investors
can find current financial disclosure and Real-Time Level 2 quotes for the Company on
www.otcmarkets.com
.
The OTCQX Market is designed for established, investor-focused U.S. and international companies.
To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate
governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX
Market marks an important milestone for companies, enabling them to demonstrate their
qualifications and build visibility among U.S. investors.
Má
rcio Fonseca, President & CEO commented:
"Our daily trading volume and support from new
shareholders has been growing consistently in the OTC market. To continue our commitment to
offer the best platforms to our shareholders we believe that upgrading to the OTCQX is a natural
next step and will help us better achieve that goal."
Disposition of Non-Core Assets:
The Company announces that it has closed a transaction on February 23, 2026 pursuant to which a
private, arm's-length Mexican company ("PrivateCo") has acquired from the Company 100% of the
issued and outstanding shares of Goldplay de Mexico, S.A. de C.V. ("Goldplay"). Goldplay is a
private Mexican company which owns 100% of 12 non-core concessions. Pursuant to the Agreement
GR Silver Mining has transferred to PrivateCo all existing assets and rights, as well as all
outstanding undertakings, covenants, indemnities and obligations, in consideration for which GR
Silver Mining has received a 1% NSR Royalty on the concessions owned by Goldplay. The
Agreement eliminates ongoing taxes due on non-core concessions without diminishing its resource
inventory, allowing GR Silver Mining to focus on resource growth and the potential development of
the Company's core Plomosas Project (78 km2), including the San Marcial and Plomosas Mine.
Grant of Options
GR Silver Mining announces that it has granted incentive options to certain external consultants of
the Company to purchase up to an aggregate of 750,000 common shares of the Company pursuant
to its omnibus long-term incentive plan. These options are exercisable for a period of five years at a
price of $0.465 per share. Pursuant to TSX Venture Exchange policies, 300,000 of these options
granted to a principal of Redwood, an investor relations consultant (see below), will vest as to 25%
on each of 3, 6, 9 and 12 months from their date of grant. All other options are fully vested.
Engagement of Redwood Financial Communications
GR Silver Mining announces that it has entered into a consulting agreement with Redwood Empire
Financial Communications LLC ("
Redwood
") pursuant to which Redwood will provide investor
relations services to the Company commencing January 1, 2026 and ending on December 31, 2026,
subject to either party being able to terminate the agreement after July 1, 2026 and following any 3-
month period thereafter for any reason, or immediately in the event of breach by either party.
Redwood focuses on global investor relations for junior and small cap companies specializing at
exposing companies to a wide audience of investment professionals.
Pursuant to the agreement, the Company will pay US$7,500/month to Redwood to provide services
to the Company, including liaison with the financial community and shareholders, development and
implementation of corporate presentations and other communications, and other public relations
services. The fee to be paid by the Company to Redwood under the agreement is for services only.
The Company and Redwood act at arm's length. Redwood has no present interest, directly or
indirectly, in the Company or its securities.
About the Plomosas Project
The Plomosas Project, including the recent high-grade silver discovery in the San Marcial SE Area,
is progressing in 2026 as an emerging high-grade silver district located on the southwestern edge of
the Sierra Madre Occidental, at the border of Durango and Sinaloa, Mexico. The Plomosas Project,
covering 7,823 ha and including the historical Plomosas underground mine, benefits from mine
infrastructure, road access and existing permits associated with past-producing mining sites. The
district contains intermediate to low-sulfidation epithermal silver and gold mineralization, hosted in
hydrothermal breccias and veins. Recent success in exploration and drilling has delineated wide,
high-grade, shallow hydrothermal breccias in the San Marcial Area, including the SE Area discovery,
where step-out drilling is underway in 2026, aiming for continuous resource growth. At the historical
Plomosas Mine, where Grupo Mexico operated the underground mine from 1985 to 2000,
exploration, underground sampling and metallurgical programs are being conducted to support future
decisions regarding the implementation of a Bulk Sampling Test Mining Program.
Qualified Person
The Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects
for this news release is Márcio Fonseca, P. Geo., President & CEO of GR Silver Mining, who has
reviewed and approved its contents.
About GR Silver Mining Ltd
.
GR Silver Mining is a Canadian-based, Mexico-focused mineral exploration company engaged in
cost-effective silver-gold resource expansion on its 100%-owned assets, located on the eastern
edge of the Rosario Mining District, at the border of Durango and Sinaloa States, Mexico. GR Silver
Mining controls 100% of the Plomosas Project, including the former Plomosas underground mine and
wide, high-grade silver mineralized zones at the San Marcial Area. Recent discoveries in the 78 km²
of highly prospective, advanced-stage exploration concessions position the Company well for
resource expansion at the Plomosas Project.
GR Silver Mining Ltd.
Márcio Fonseca, President & CEO
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking statements" within the meaning of applicable
Canadian securities legislation and information that are based on the beliefs of management and
reflect the Company's current expectations. When used in this press release, the words "estimate",
"project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the
negative of these words or such variations thereon or comparable terminology are intended to
identify forward-looking statements and information. Such statements and information reflect
the current view of the Company. Risks and uncertainties may cause actual results to differ
materially from those contemplated in those forward-looking statements and information. By their
nature, forward-looking statements involve known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or achievements, or other future events,
to be materially different from any future results, performance or achievements expressed or
implied by such forward-looking statements.
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 press release.
SOURCE GR Silver Mining Ltd.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/February2026/24/c5959.html
%SEDAR: 00040149E
For further information:
For further information, please contact: Telephone: +1 236-270-2057,
Email: [email protected]
CO: GR Silver Mining Ltd.
CNW 06:00e 24-FEB-26