DEF Signs LOI to Acquire Green Earth Metals & Its 3 Projects In a market where investor enthusiasm remains low and selling pressure persists across the junior space, Defiance Silver Corp. (ticker: DEF.v or DNCVF for US investors) is quietly positioning itself for the next cycle turn.
The company is currently advancing two key assets in Mexico: the Zacatecas silver project, centred on the historic San Acacio vein system, and the Tepal gold-copper project in Michoacn, which hosts a large-scale porphyry-style deposit with a current resource estimate and strong development potential.
Yesterday,Defiance announced that it has signed a non-binding LOI to acquire Green Earth Metals Inc. (GEMS), a private BC-based company holding three drill-permitted copper-gold-silver-molybdenum projects in Mexico’s Sonoran Desert porphyry belt.
The proposed acquisition gives Defiance exposure to 6,795 ha of exploration ground near major producers like Alamos Gold’s Mulatos Mine and Agnico Eagle’s La India Mine. GEMS’ projects—Victoria, Espiritu, and Los Ocotes—are situated in the same copper-gold belt that hosts some of the largest deposits in North America, including Grupo Mexico’s Cananea and La Caridad mines.
- Victoria (1,795 ha): Drill-ready Cu-Au-Mo target with porphyry-style alteration and surface leaching, located in the heart of the Sonoran belt.
- Espiritu (2,711 ha): Underexplored system near Sahuaripa, ~100 km from major operations.
- Los Ocotes (2,283 ha): Polymetallic vein system located ~18 km from Minera Alamos’ Santana Mine.
With permits already in place, Defiance intends to launch exploration programs starting with Victoria.
Defiance proposes to issue 4,954,613 shares at C$0.255 to acquire all GEMS shares—valuing the transaction at approximately C$1.25M. The company will also provide a C$150K convertible debenture, convertible into GEMS shares if the deal is not completed under certain conditions.
This kind of move fits the current environment—where companies focused on tangible progress and strategic asset building are setting the foundation for future growth.
As the broader market searches for stability, Defiance is quietly building out a diversified copper-gold portfolio—ready to move when sentiment eventually returns.
Full news here: https://defiancesilver.com/news/defiance-silver-to-acquire-mexico-focused-green-earth-metals
Posted on behalf of Defiance Silver Corp.