Shine Minerals Corp. Provides Update on Proposed Transaction with Red Cloud Silver Ltd.
VANCOUVER, BRITISH COLUMBIA — January 30, 2026 — Leads & Copy — Shine Minerals Corp. (TSXV: SMR-H.V) is moving forward with its proposed transaction with Red Cloud Silver Ltd. (RCS) and has made the required submissions to the TSX Venture Exchange (TSXV). The company announced the update to the transaction, in which Shine has been granted an option to acquire all 11,100,000 issued and outstanding common shares of RCS, in a press release issued January 30, 2025.
The Proposed Transaction is subject to customary conditions, including all required approvals from the TSXV. An arm’s-length finder will receive a finder’s fee of 1,000,000 common shares in the capital of the Company, pending compliance with securities laws and TSXV policies and approval.
RCS is a private British Columbia company that holds an option on the Silver District Exploration Project in La Paz County, Arizona, USA. The Proposed Transaction is intended to serve as Shine’s reactivation from the NEX board to a Tier 2 Mining Issuer, according to TSXV Policy 2.6, Section 1.4.
Shine Minerals Corp. is a Canada-based natural resource company focused on the acquisition, exploration, evaluation, and development of mineral resource assets.
Source: Shine Minerals Corp.
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