{"id":5339,"date":"2025-12-10T00:14:24","date_gmt":"2025-12-10T00:14:24","guid":{"rendered":"https:\/\/victoryinfinance.com\/index.php\/2025\/12\/10\/pinnacle-provides-further-details-for-el-potrero-finders-fee\/"},"modified":"2025-12-10T00:14:24","modified_gmt":"2025-12-10T00:14:24","slug":"pinnacle-provides-further-details-for-el-potrero-finders-fee","status":"publish","type":"post","link":"https:\/\/victoryinfinance.com\/index.php\/2025\/12\/10\/pinnacle-provides-further-details-for-el-potrero-finders-fee\/","title":{"rendered":"Pinnacle Provides Further Details for El Potrero Finder\u2019s Fee"},"content":{"rendered":"<\/p>\n
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(TheNewswire) <\/p>\n

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Further to Pinnacle <\/span> news release of February 24, 2025 <\/span> <\/span> , <\/span> a Finder’s Fee of 4% of the measurable benefit of each installment payment will be paid to Juan Jose Camacho, who is arm’s length to the issuer and the vendor, corresponding to the payment schedule outlined in the Definitive Agreement (the <\/span> ‘DA’ <\/span> ), in accordance with TSXV Policy 5.1. \u00a0In total, the Exchange has conditionally approved the issuance of 191,580 Finder’s Fee shares. \u00a0Up to US$298,000 in total cash payments may also be made to the Finder according to the following schedule and conditions. <\/span> <\/p>\n<\/p>\n

The initial Finder’s Fee installment was made on February 24, 2025 and comprised 71,580 shares at a deemed value of $0.05. \u00a0A second share issuance of 40,000 shares, at a deemed value of $0.11, and cash payment of US$8,000 will now be made. \u00a0A third installment, comprising 40,000 shares and US$30,000, will be due on February 24, 2026. Assuming the option agreement continues, US$40,000 will be payable when the plant is sufficiently upgraded and all permits received in order to commence production, or 4 years from signing the DA, whatever happens first; US$60,000 one year after commencing production or 5 years from signing the DA, whatever happens first; and US$120,000 two years after commencing production or 7 years from signing the DA, whatever happens first. \u00a0A contingency issuance of 40,000 shares and payment of US$40,000 may be made at an undetermined time, upon Pinnacle establishing a Mineral Resource Estimate, as defined by National Instrument 43-101, of at least 350,000 gold equivalent ounces in the Inferred category or better. <\/span> <\/p>\n

About the Potrero Property <\/span> <\/p>\n

El Potrero is located in the prolific Sierra Madre Occidental of western Mexico and lies within 35 kilometres of four operating mines, including the 4,000 tonnes per day (tpd) Ci\u00e9nega Mine (Fresnillo), the 1,000 tpd Tahuehueto Mine (Luca Mining) and the 250 tpd Topia Mine (Guanajuato Silver). <\/span> <\/p>\n

High-grade <\/span> gold-silver mineralization occurs in a low sulphidation epithermal breccia vein system hosted within andesites of the Lower Volcanic Series and has three historic mines along a 500 metre strike length. \u00a0The property has been in private hands for almost 40 years and has never been systematically explored by modern methods, leaving significant exploration potential. <\/span> <\/p>\n

A previously operational 100 tpd plant on site can be refurbished \/ rebuilt and historic underground mine workings rehabilitated at relatively low cost in order to achieve near-term production once permits are in place. The property is road accessible with a power line within three kilometres. <\/span> <\/p>\n

Pinnacle will earn an initial 50% interest immediately upon commencing production. \u00a0The goal would then be to generate sufficient cash flow with which to further develop the project and increase the Company’s ownership to 100% subject to a 2% NSR. \u00a0If successful, this approach would be less dilutive for shareholders than relying on the equity markets to finance the growth of the Company. <\/span> <\/p>\n

About Pinnacle Silver and Gold Corp. <\/span> <\/p>\n

Pinnacle <\/span> is <\/span> focused <\/span> on <\/span> the development of precious <\/span> metals projects <\/span> in the Americas. \u00a0The high-grade Potrero gold-silver project in Mexico’s Sierra Madre Belt hosts an underexplored low-sulphidation epithermal vein system and provides the potential for near-term production <\/span> . <\/span> In the prolific <\/span> Red <\/span> Lake <\/span> District <\/span> of <\/span> northwestern <\/span> Ontario, the Company owns a 100% <\/span> interest in the <\/span> past-producing, <\/span> high-grade <\/span> Argosy <\/span> Gold <\/span> Mine and the adjacent North Birch <\/span> Project <\/span> with an eight-kilometre-long target horizon <\/span> . <\/span> With <\/span> a <\/span> seasoned, <\/span> highly <\/span> successful <\/span> management <\/span> team <\/span> and <\/span> quality <\/span> projects, <\/span> Pinnacle <\/span> Silver <\/span> and <\/span> Gold <\/span> is committed <\/span> to <\/span> building <\/span> long <\/span> -term <\/span> , <\/span> sustainable <\/span> value <\/span> for <\/span> shareholders. <\/span> <\/p>\n

Signed: ‘Robert A. Archer’ <\/span> <\/p>\n

President & CEO <\/span> <\/p>\n

For further information contact <\/span> : <\/span> <\/p>\n

Email: <\/span> info@pinnaclesilverandgold.com <\/span> <\/span> <\/p>\n

Tel.: \u00a0+1 (877) 271-5886 ext. 110 <\/span> <\/p>\n

Website: <\/span> www.pinnaclesilverandgold.com <\/span> <\/span> <\/p>\n

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release <\/span> . <\/span> <\/p>\n

Copyright (c) 2025 TheNewswire – All rights reserved. <\/p>\n<\/p>\n<\/div>\n

News Provided by TheNewsWire via QuoteMedia<\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

(TheNewswire) Further to Pinnacle news release of February 24, 2025 , a Finder’s Fee of 4% of the measurable benefit of each installment payment will be paid to Juan Jose Camacho, who is arm’s length to the issuer and the vendor, corresponding to the payment schedule outlined in the Definitive Agreement (the ‘DA’ ), in…<\/p>\n","protected":false},"author":1,"featured_media":5340,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-5339","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/victoryinfinance.com\/index.php\/wp-json\/wp\/v2\/posts\/5339","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/victoryinfinance.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/victoryinfinance.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/victoryinfinance.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/victoryinfinance.com\/index.php\/wp-json\/wp\/v2\/comments?post=5339"}],"version-history":[{"count":0,"href":"https:\/\/victoryinfinance.com\/index.php\/wp-json\/wp\/v2\/posts\/5339\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/victoryinfinance.com\/index.php\/wp-json\/wp\/v2\/media\/5340"}],"wp:attachment":[{"href":"https:\/\/victoryinfinance.com\/index.php\/wp-json\/wp\/v2\/media?parent=5339"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/victoryinfinance.com\/index.php\/wp-json\/wp\/v2\/categories?post=5339"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/victoryinfinance.com\/index.php\/wp-json\/wp\/v2\/tags?post=5339"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}