Canadian treasured metals mining firm Aya Gold & Silver has acquired a strategic exploration portfolio comprising three mining licences and 18 exploration permits overlaying about 259 km² of land throughout three distinct exploration initiatives, inside extremely potential and underexplored mineral belts in Morocco.
The acquisition enhances the corporate’s present asset base and strengthens the corporate’s district-scale exploration technique, whereas increasing its publicity to treasured, base and important steel alternatives.
The acquisition consideration is for $10-million in money and the idea of debt. The sellers are additionally entitled to milestone funds primarily based on future useful resource and improvement milestones and a 2% internet smelter return royalty on future business manufacturing from the portfolio.
“This acquisition reinforces Aya’s first-mover benefit in Morocco and advances our technique of constructing one of many largest exploration portfolios within the nation.
“In 2026, we have now expanded our land bundle from roughly 732 km² to greater than 991 km², representing a rise of 35.4%. We proceed to safe district-scale positions early, consolidate extremely potential mineral belts and construct a pipeline of exploration alternatives which have the potential to unlock future discoveries and assist Aya’s subsequent section of long-term development,” says Aya president and CEO Benoit La Salle.
The corporate notes that the newly-acquired mining licences are for the Zagora, Agadir-Melloul and Goulmim initiatives. The Zagora mission is potential for nickel, cobalt, zinc, silver and gold, the agadir-Melloul mission for copper, silver, gold and uncommon earth parts and Goulmim for lead, silver, copper and gold.
Aya will,over the subsequent 18 to 24 months, undertake greenfield exploration on the acquired licences and permits.
“We shall be finishing up some stream sediments geochemistry, a high-resolution hyperspectral research, in addition to some mapping and prospecting. Outcomes from this section will inform the necessity for additional work like geophysics and drilling,” the corporate states.
