Visit: On Behalf of the Board of DirectorsĬautionary Note Regarding Production Decisions and Forward-Looking Statements The operation is generating gold, silver, lead, and zinc in concentrates.Ĭampo Morado is an operating polymetallic base metal mine in Guerrero, Mexico, currently producing at an average of approximately 2,400 tonnes per day and is currently estimated to be Mexico’s 6th largest zinc producer and is progressively increasing its copper revenues. The second stage, the 1000 tpd project, will follow immediately after commissioning the initial stage. The Peak Options will expire ninety days after the termination of the Agreement.Īltaley Mining Corporation is a Canadian based mining company with two 100% owned Mexican gold, silver, and base metal mining projects.Īltaley's Tahuehueto mining project is in north-western Durango State, Mexico, where construction of an initial 500 tpd operation is well advanced. The Peak Options vest in four stages over a period of 12 months, with ¼ of the Peak Options vesting three months after the grant date and every three months thereafter. The Peak Options are issued in accordance with the terms of the Company’s Incentive Stock Option Plan (the “Plan”) and TSXV Policy 4.4, and are subject to the approval of the TSXV. The balance of $24,000 to be paid by the end of March 31, 2023Īltaley also agrees to grant Peak a total of 100,000 incentive stock options (the “Peak Options”) exercisable at the closing price on the date of grant which will be following TSX Venture Exchange (“TSXV”) approval.$12,000 upon closing the rights offering announced by Altaley on December 6, 2022.It was agreed that the outstanding debt of C$36,000 would be paid to Peak on the following payment schedule: On January 5, 2023, by mutual agreement the suspension of the Agreement was lifted and would continue on a month-to-month basis. At that time a total of C$36,000 of past due fees were outstanding and payable to Peak by Altaley. By mutual agreement Altaley and Peak suspended the Agreement effective September 23, 2022. Altaley Mining Corporation (the “ Company ” or “ Altaley ”) announces that it has amended a marketing agreement (“Agreement”) with Peak Investor Marketing (“Peak”) originally dated December 3, 2021.
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