Agreement To Acquire High Grade-Silver-Fluorspar-Barite Silver Project

VANCOUVER – Shine Minerals Corp. has entered into a definitive option to acquire agreement with Red Cloud Silver Ltd. (RCS) outlining the principal terms of a proposed transaction pursuant to which Shine has been granted an option to acquire all of the 11,100,000 issued and outstanding common shares of RCS pursuant to the terms of the Definitive Agreement.
Dev Randhawa, Shine CEO, said, “The timing is highly favorable for this advanced, drill-ready silver asset in Arizona. With a limited number of primary silver producers globally, the market is facing a structural supply deficit as demand continues to outpace mine production. While gold has performed well, silver’s fundamentals are increasingly compelling.”