ExGen Resources Secures Second Silver Stream from MTB Metals in New Licensing Agreement

Vancouver, Canada – On December 19, 2025, ExGen Resources Inc. (TSXV: EXG; OTC: BXXRF), a Vancouver‑based junior mining company focused on gold production, announced that it has signed a binding letter of intent (LOI) to acquire a second silver stream from a past‑producing gold mine operated by MTB Metals Corp. (TSXV: MTB; OTCQB: MBYMF; Frankfurt: E8H). The deal is part of ExGen’s strategy to diversify its revenue base by adding silver royalties to its portfolio, while leveraging the mine’s proven gold output.

Key Terms of the Agreement

  • Silver Stream Acquisition: The LOI provides ExGen with rights to a silver stream that has been historically produced alongside the mine’s gold output. The stream is expected to generate a steady flow of silver revenue as a by‑product of ongoing gold operations.
  • Binding Commitment: The LOI is a binding commitment, meaning ExGen is obligated to move forward with the transaction upon completion of due diligence and regulatory approvals. This demonstrates the company’s confidence in the economics of the silver stream.
  • Strategic Fit: By adding silver to its existing royalty structure, ExGen seeks to enhance cash flow stability and reduce exposure to gold price volatility. The company has indicated that the new stream will complement its current royalty agreements and provide a more diversified asset mix.

Context for ExGen

ExGen Resources has historically focused on gold mining and royalty interests within Canada. With a market capitalization of approximately 6.9 million CAD and a current share price of CAD 0.12, the company operates in a highly competitive junior mining environment. Its recent move to secure additional silver royalty rights reflects a broader trend among junior miners to seek multi‑metal streams that can cushion earnings against market swings.

The company’s financial metrics highlight a challenging period: a negative price‑earnings ratio of –12.36 and a 52‑week low of CAD 0.06 in February 2025, followed by a modest peak of CAD 0.13 in early December. The acquisition of the silver stream could provide a new source of revenue that may help stabilize share performance in the coming months.

Market Reactions and Outlook

While the transaction is still in the LOI stage, market observers note that ExGen’s binding commitment signals a proactive approach to asset expansion. Analysts expect that once the deal closes, the company’s balance sheet will reflect increased revenue potential, particularly if silver prices remain supportive.

ExGen’s leadership has emphasized that the company will continue to evaluate additional mining and royalty opportunities that align with its expertise in metals and mining. The acquisition of the second silver stream from MTB Metals represents a concrete step toward building a more resilient portfolio of mineral assets in Canada’s competitive mining sector.