Telson Mining has acquired two advanced stage and polymetallic projects in Mexico. More recently, the Campo Morado in Guerreo State, which is an underground multi-metal mine with infrastructure, installations and equipment capable of processing 2500 tonnes of ore per day. In June 2017, Telson has signed an agreement with Nyrstar to acquire 100% of the Campo Morado for a purchase price of $20million (closing on June 13, 2018). Nyrstar retains royalties on Zinc production but Telson can purchase at any time these royalties right for $4million.
The other project is located in the Durango state, where Telson controls 100% of the Tahuehueto Project since 1997, through a 99%-owned subsidiary. The project lies within the Sierra Madre mineral belt, which includes a good exploration and discovery potential. A total of 12 mineralized zones hosted within a structurally controlled epithermal system has been identified and cover more than 6 km.
On December 7, 2017, Telson Secures US$15 Million Loan Facility and Offtake Agreement with Trafigura