Silver One Resources Inc. (TSXV:SVE) entered into an option agreement to acquire Phoenix Silver Project, located within the Arizona Silver Belt from Granite Solid LLC for $2.76 million on February 8, 2024. Silver One USA may exercise the option by making the following cash payment and share issuances, paying the Optionor $0.35 million within five days of TSX Venture Exchange acceptance of the Agreement and issuing shares to optionor in the following way, 5 million shares on the date that is six (6) months from the Effective Date, 1 million shares on the date that is twelve months from the Effective Date, 2.5 million shares on the date that is twenty-four months from the Effective Date, 3 million shares on the date that is thirty-six months from the Effective Date, 3 million shares on the date that is forty-eight months from the Effective Date. The Agreement and the transactions contemplated therein are subject to the approval of the TSX Venture Exchange. As on February 8, 2024, Silver One Resources Inc. (TSXV:SVE) exercised its option to acquire Phoenix Silver Project, located within the Arizona Silver Belt from Granite Solid LLC.

Silver One Resources Inc. (TSXV:SVE) completed the acquisition of Phoenix Silver Project, located within the Arizona Silver Belt on February 8, 2024.