Silvercorp Metals identifies potential adverse effect on Adventus acquisition due to Curipamba-El Domo project litigation.
Silvercorp Metals has identified a "Material Adverse Effect" in its acquisition of Adventus Mining Corp., stemming from litigation that seeks to nullify Adventus' Curipamba-El Domo project's environmental license. The Canadian mining company remains open to cooperating with Adventus to finalize the deal if conditions are met. The acquisition is set to close by July 31, and Silvercorp is prepared to discuss extending the deadline.
July 05, 2024
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