11:54 AM EDT, 04/07/2025 (MT Newswires) -- Defiance Silver ( DNCVF ) on Monday said it plans to acquire Green Earth Metals in an all-share transaction valued at $1.25 million.

Green Earth, a privately held company, holds a portfolio of assets in Mexico, near Alamos Gold's (AGI.TO) operating Mulatos Mine. Defiance is proposing to issue 4.95-million shares at $0.255 each.

With drill permits already in place, Defiance plans to launch a comprehensive exploration campaign, including a diamond drill program at one of the projects.

The company has also agreed to invest in Green Earth through a $150,000 unsecured convertible debenture financing. The debenture will bear simple interest at 8% per annum and will mature in two years.

Defiance was last seen down $0.01 to $0.21 on the TSX Venture Exchange.

Price: 0.21, Change: -0.01, Percent Change: -4.55