Consolidated Zinc Limited (ASX:CZL) entered into a binding conditional share sale agreement to acquire Latin American Zinc S.A.P.I. de C.V. from Consolidated Zinc Limited (ASX:CZL) for $6 million on February 9, 2023. As per the agreement, Consolidated Zinc minimum will receive cash payment of $3 million, up to $3 million in common shares in Impact Silver based on the lower of the price per common share for the Impact Capital Raising or the volume weighted average price for the 20 trading days immediately prior to the date of execution of the Sale Agreement and 12% of net profits from the Plomosas Project in cash (NPI) from completion of the Sale Agreement, the terms of which will be set out in a fulsome net profits interest deed. Each party to obtain any required shareholder and regulatory approvals, including shareholder approval by Consolidated Zinc. In this transaction, There is a break fee of $0.1 million is payable by a breaching party to the other party. Jett Capital Advisors has entitled to a success fee on completion of the Proposed Transaction of 6% of the Cash Amount. The transaction is expected to complete on or before April 7, 2023. Jett Capital Advisors, LLC are acting as exclusive financial advisor to Consolidated Zinc Limited.

IMPACT Silver Corp. (TSXV:IPT) completed the acquisition of Minera Latin American Zinc SAPI de CV from Consolidated Zinc Limited (ASX:CZL) on April 3, 2023.