Carlyle Commodities Corp. announced a non‑binding letter of intent to acquire all issued and outstanding shares of Silver Pony Resources Corp. through a three‑cornered amalgamation. Under the terms, each Silver Pony shareholder will receive one Carlyle common share for every Silver Pony share held, resulting in the issuance of approximately 60.5 million Carlyle shares. Carlyle plans a 20:1 share consolidation prior to the transaction, which would leave about 4.996 million shares outstanding, and intends to secure at least $2.5 million in financing before closing. The combined company’s board will comprise five members, with three nominated by Silver Pony and two by Carlyle, and the Carlyle shares issued to Silver Pony shareholders will be held in escrow.
The deal marks Carlyle’s first announced expansion into the resource sector, targeting silver and polymetallic exploration. Silver Pony’s Trout Lake Projects in southeastern British Columbia are district‑scale properties that have produced high‑grade samples—up to 12,147 g/t silver, 45.66 % lead, 40.94 % zinc, and 107.7 g/t gold—with more than $2.9 million CAD invested since 2007. Carlyle sees the acquisition as a way to capitalize on strong precious‑metal markets and broaden its asset base.
CEO Morgan Good emphasized that the transaction is well‑timed to capture current market trends in mining. He praised Silver Pony’s seasoned technical team and the promising sampling results, noting that the large district‑scale silver‑focused project aligns with Carlyle’s growth strategy and the positive outlook for silver.
Strategically, the acquisition diversifies Carlyle’s commodity portfolio beyond its existing gold and copper projects, adding a high‑grade silver asset that can generate new revenue streams. The planned financing and share consolidation demonstrate Carlyle’s commitment to maintaining liquidity and shareholder value while positioning the company to benefit from potential upside in silver markets.
Although specific market reaction data was not identified, the announcement aligns with broader industry trends of consolidation and strategic expansion into high‑grade silver assets. Analysts have highlighted the volatility of silver prices but also the supportive environment for exploration activity, suggesting that Carlyle’s move could enhance its competitive position in the precious‑metal sector.
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