Tethyan Resource Corp. acquired remaining 90% stake in Two Exploration Licences Overkizevak and Sastavci Silver-Zinc-Lead Mines in Serbia from Cuprum Plus Ltd and Igor Papic on February 23, 2201. Under the terms of consideration, The consideration paid for the remaining 90% of the shares in RAS Metals that the Company did not already hold was €1.4 million in cash plus the allotment of 0.2 million Ordinary shares of €0.013 each in the Company share. Additionally, there is deferred consideration of €0.5 million in cash, payable on May 14, 2022, and 0.5 million Ordinary shares in the Company that will be allotted in three equal tranches on or around August 22, 2021, February 22, 2022 and August 22, 2022.

Tethyan Resource Corp. completed the acquisition of remaining 90% stake in Two Exploration Licences Overkizevak and Sastavci Silver-Zinc-Lead Mines in Serbia from Cuprum Plus Ltd and Igor Papic on February 23, 2021.