Prime Mining receives Mexican Antitrust Approval for transaction with Torex Gold

Prime Mining Corp. has announced that it has received clearance from COFECE (Comisión Federal de Competencia Económica) regarding the plan of arrangement with Torex Gold Resources Inc.

Under this arrangement, Torex will acquire all issued and outstanding shares of Prime, with Prime shareholders receiving 0.060 Torex shares for each Prime share held.

A key regulatory approval

Scott Hicks, CEO of Prime Mining has stated: We are pleased to receive the clearance decision from COFECE in support of our transaction with Torex. A key regulatory approval, the decision represents an important step towards the successful completion of the Arrangement for Prime and Torex.

After the transaction

The transaction is expected to close during the week of October 20th, 2025, pending satisfaction of remaining conditions. Following completion, Prime shares will be delisted from the Toronto Stock Exchange, and Frankfurt Stock Exchange, and Prime will apply to cease being a reporting issuer under Canadian securities laws.