In this context, we are talking about two key documents:
an agreement that outlines the waiver of claims regarding the Chaarat project;
an agreement on the transfer of the contract, which implies the transfer of rights and obligations under the 2019 stabilization agreement from the original investors to the new ones.
Additional information is available for interested parties.
Context of the Situation
It was previously reported that the Canadian company Silvercorp Metals Inc. (TSX: SVM) has entered into an agreement to acquire 70% of the shares in Chaarat Gold Holdings Limited, which holds the license for the use of subsoil resources for the gold projects "Tulkubash" and "Kyzylbash," as well as adjacent exploration areas totaling 27.42 sq. km in the Tian Shan, Kyrgyzstan.
On January 16, the Cabinet approved a draft cooperation agreement between the Cabinet of Ministers, Silvercorp Metals, Inc., and the closed joint-stock company "Chaarat ZAV" for the development of the "Tulkubash" and "Kyzylbash" sites within the Chaarat field.
