Core Silver and Arcus Finalize Business Combination Agreement

Core Silver Corp. and Arcus Development Group Inc. have formalized a definitive agreement for a business combination. The arrangement, agreed upon on July 9, 2026, involves Core Silver acquiring all issued shares of Arcus on a 1:1 basis. This all-share transaction is set to diversify the newly combined company’s exposure in exploration opportunities, notably in the Tintina Gold Belt.

The transaction promises advantages such as enhanced market presence and financial capabilities, paving the way for potential discoveries. Core Silver shareholders will gain access to the Touleary Property's claims, strategically located in the Yukon Territory. Meanwhile, Arcus shareholders can look forward to expanded portfolio diversification with the inclusion of Core Silver's Blue Property in British Columbia.

Arcus' leadership supports the merger, recognizing the strategic fit and potential operational synergies. The deal, pending regulatory and shareholder approvals, is anticipated to conclude in the fourth quarter of 2026.