Shine Minerals Advances Acquisition of Arizona Silver-Fluorspar-Barite Project

Shine Minerals Corp. has provided an update on its proposed transaction with Red Cloud Silver Ltd., which would grant Shine an option to acquire all 11,100,000 issued and outstanding common shares of RCS. The transaction is proceeding toward closing, with the company having made requisite submissions to the TSX Venture Exchange. Completion remains subject to customary conditions, including TSXV approval. A finder's fee of 1,000,000 common shares in Shine's capital is payable to an arm's-length finder, subject to compliance with applicable securities laws and TSXV policies.

The importance of this transaction lies in RCS's holdings: the private British Columbia company holds an option on the Silver District Exploration Project located in La Paz County, Arizona. This high-grade silver-fluorspar-barite project represents significant exploration potential in a mineral-rich region. The proposed transaction serves a strategic purpose beyond mere acquisition—it is intended to facilitate Shine's reactivation from the NEX board to a Tier 2 Mining Issuer status in accordance with TSXV Policy 2.6, Section 1.4. This reactivation would restore the company to active trading status with greater visibility and access to capital markets.

This development matters because it represents a potential revitalization of a mineral exploration company through acquisition of a promising project. The Silver District Exploration Project's location in Arizona places it within a jurisdiction with established mining infrastructure and regulatory frameworks, potentially reducing development risks compared to more remote locations. The transaction structure, involving an option agreement dated December 23, 2025, provides Shine with a pathway to control what could become a significant asset in the silver and industrial minerals space.

The implications extend beyond the immediate acquisition. Successful completion could position Shine Minerals to advance exploration on a project with multiple commodity potential—silver, fluorspar, and barite—each with distinct market dynamics and applications. Fluorspar is essential for steel production and fluorochemicals, while barite is crucial for oil and gas drilling fluids. This diversification within a single project could provide resilience against commodity price fluctuations. The transaction's progress toward closing, despite pending TSXV approvals, indicates momentum in Shine's strategic repositioning within the mining sector.

Forward-looking statements in the release acknowledge uncertainties, including risks related to financing, regulatory approvals, exploration results, and commodity prices. The company notes that neither the TSX Venture Exchange nor its Regulation Services Provider has reviewed or accepts responsibility for the adequacy or accuracy of the release. Readers are cautioned about placing undue reliance on forward-looking information, which involves known and unknown risks that could cause actual results to differ materially from expectations. The original release can be viewed on New Media Wire.