Mako Mining Secures Conditional Approval for Moss Mine Acquisition

Mako Mining Corp. has received conditional approval from the TSX Venture Exchange for its proposed acquisition of Moss Mine in Arizona. This involves acquiring 100% of EG Acquisition LLC's shares from Wexford Capital-controlled funds. Final approval from the TSXV is pending, alongside regulatory requirements and a definitive share purchase agreement with sellers.

EGA, managing the Moss Mine since December 2024, has been supported by Mako's team. The mine's operational infrastructure has been bolstered, facilitating an imminent restart of operations. Gold and silver sales continued, with a reported revenue of US$2.6 million since January 2025.

The acquisition price ranges from US$4.9 million to US$6.4 million, contingent on royalty resolutions. Mako anticipates a US$1.5 million cash collateral to further reduce this cost.