Impact Silver Applies FOR Management Cease Trade Order
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NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES
NEWS RELEASE
IMPACT Silver Corp.
For Release: May 1, 2025 Trading Symbol: “IPT: TSX-V”
“ISVLF:US” “IKL:FR”
IMPACT SILVER APPLIES FOR MANAGEMENT CEASE
TRADE ORDER
IMPACT Silver Corp. (TSX-V: IPT) (OTC PINK: ISVLF) (FSE: IKL) (“ IMPACT” or the
“Company”) announces that it has requested a temporary Management Cease Trade Order
(“MCTO”) from the British Columbia Securities Commission (“ BCSC”) in connection with the
Company’s filing of its audited annual financial statements (the “Audited Financial Statements”)
and management discussion and analysis (the “ MD&A”) for the financial year ended December
31, 2024.
The Company is requesting the MCTO in order to secure additional time to finalize its Audited
Financial Statements, the related MD&A, and the applicable CEO and CFO certifications (the
“Annual Filings”). The delay in filing the Annual Filings is a result of unexpected delays
experienced by the Company in working with a new auditor for the first times in completing the
audit of the Audited Financial Statements. The Company is working with its accounting team to
prepare the Financial Statements and respond to all queries. It is the Company’s reasonable
expectation that the Annual Filings will be finalized on or about May 7, 2025.
By way of background and as required by the BCSC, the Company notes the following:
1. The Company is required to file its Annual Filings all in accordance with IFRS within 120
days after the end of its completed financial year, such date being April 30, 2025 (the
“Annual Filing Deadline ”) as required by National Instrument 51-102 Continuous
Disclosure Obligations (“NI 51-102”). The Company does not anticipate that it will be
able to complete the Annual Filings on or before the Annual Filing Deadline.
2. The Company is working diligently to prepare and file the Annual Filings by May 7, 2025,
subject to its auditors’ staff availability.
3. The Company confirms that it intends to issue a status report on a bi-weekly basis, for as
long as it remains in default of the Annual Filing Deadline in respect of the Annual Filings.
4. The Company is not subject to any insolvency proceedings.
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5. There is no other material information concerning the affairs of the Company that has not
been generally disclosed.
The Company has imposed an insider trading blackout pending the filing of the Annual Filings,
and will provide updates in due course.
ABOUT IMPACT SILVER
IMPACT Silver Corp. (TSX-V:IPT) is a successful producer-explorer with two mining projects in
Mexico.
Royal Mines of Zacualpan Silver-Gold District : IMPACT owns 100% of the 211 km2
Zacualpan project in central Mexico where four producing underground silver mines and
one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the
Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine
with an NI43-101 inferred mineral resource of over 4.5 million ozs silver, 48 million lbs
zinc and 21 million lbs lead (see IMPACT news release dated January 18, 2016, for details
and QP statement). Company engineers are reviewing Capire for a potential restart of
operations to leverage improving commodity prices. Over the past 18 years, IMPACT has
developed multiple exploration zones into commercial production and has produced over
13 million ounces of silver, generating revenue of more than $277 million, with no long-
term debt.
Plomosas Zinc-Lead-Silver District: Plomosas is a high-grade zinc producer in northern
Mexico with exceptional exploration upside potential. The Company recently restarted
mining operations and is ramping up production toward design capacity levels. Exploration
potential at Plomosas is exceptional along the 6 km-long structure. This is in addition to
other exploration targets on the 3,019-hectare property including untested copper-gold
targets with indications of high-grade material at surface. Regionally, Plomosas lies in the
same mineral belt as some of the largest carbonate replacement deposits in the world.
On behalf of IMPACT Silver Corp.
“Frederick W. Davidson”
President & CEO
For more information, please contact:
Jerry Huang
CFO | Investor Relations
(604) 664-7707 or [email protected]
(778) 867-7909 Direct
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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.
Forward-Looking and Cautionary Statements
This IMPACT News Release may contain certain “forward-looking” statements and information relating to IMPACT
that is based on the beliefs of IMPACT management, as well as assumptions made by and information currently
available to IMPACT management. All statements, other than statements of historical facts, included herein,
including, without limitation, statements relating to the Company’s reasonable expectation that the Annual Filings
will be finalized by May 7, 2025, are forward looking statements. Forward-looking information is often, but not
always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “planned”, “expect”, “project”,
“predict”, “potential”, “targeting”, “intends”, “believe”, “potential”, and similar expressions, or describes a “goal”, or
variation of such words and phrases or state that certain actions, events or results “may”, “should”, “could”, “would”,
“might” or “will” be taken, occur or be achieved.
Such forward-looking information involves known and unknown risks and assumptions, including with respect to,
without limitations, relationships with vendors and strategic partners, governmental regulation and supervision,
industry practices, and one-time events. Should any one or more risks or uncertainties materialize or change, or should
any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from
those described herein. IMPACT does not assume the obligation to update any forward-looking statement, except as
required by law.
303-543 Granville Street
Vancouver, BC, Canada V6C 1X8
Telephone (604) 664-7707
www.impactsilver.com