White Pine Precious Metals Inc. entered into a Purchase Agreement to acquire Certain mining claims located in White Pine County, Nevada from Silver Predator Corp. for $1.75 million.

White Pine Precious Metals Inc. entered into a Purchase Agreement to acquire Certain mining claims located in White Pine County, Nevada from Silver Predator Corp. (TSXV:SPD) for $1.8 million on November 22, 2022. The principal terms of the Purchase Agreement are a payment of $0.025 million immediately upon the signing of the Purchase Agreement, followed by a payment of $0.85 million by January 20, 2023 with an additional $0.875 million payment 18 months following the Closing Date.

In addition, Silver Predator will receive upon the Closing Date 5% of the issued and outstanding common shares of White Pine Precious Metals Inc. This Purchase Agreement has been approved by the Silver Predator Board of Directors and is subject to TSXV approval. The transaction is expected to be closing on January 20, 2023.