Endeavour Silver | Q: I read that Endeavour Silver entered into an agreement relating to Max Resource's Colombian copper-silver assets? What is this transaction about and how will it impact Endeavour Silver shareholders?

Q: I read that Endeavour Silver entered into an agreement relating to Max Resource's Colombian copper-silver assets? What is this transaction about and how will it impact Endeavour Silver shareholders?

A: On February 28, 2022, Max Resource announced that it had signed a financial cooperation agreement with Endeavour Silver.

Pursuant to this agreement, we will provide certain financial capabilities required by Max to expand its mineral property holdings in the area surrounding Cesar, its wholly-owned copper and silver project, located in northeastern Colombia. In exchange for providing this support, we have been granted a 0.5% net smelter return royalty on any new mineral properties that Max Resource acquires in Colombia. In addition, we will invest approximately C$1.5 million to purchase a 5% interest in Max Resource.

Endeavour Silver VP Corporate Development, Dale Mah, commented, “This agreement provides us with an opportunity to take a minority ownership in a junior company with a promising project where we see potential for high-grade copper and silver discoveries.”

Dan Dickson, Endeavour Silver’s CEO, added, “As a mid-tier producer with a track record of making new discoveries and growing through the drill bit, we can appreciate what Max Resource has achieved to this point and are pleased to take an equity stake and collaborate exclusively with one another to secure more mineral tenures in this prime copper-silver district.

The full announcement is available on the Max Resource website.

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Q: I read that Endeavour Silver entered into an agreement relating to Max Resource's Colombian copper-silver assets? What is this transaction about and how will it impact Endeavour Silver shareholders?