The approved documents include:
an agreement to waive claims related to the Chaarat project;
an agreement on the transfer of rights and obligations under the 2019 stabilization agreement from previous investors to new participants.
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Background
It was previously reported that the Canadian company Silvercorp Metals Inc. (TSX: SVM) signed a deal to acquire 70% of the shares of Chaarat Gold Holdings Limited, which holds the license for gold mining in the "Tulkubash" and "Kyzylbash" areas, as well as in the adjacent exploration territories covering a total area of 27.42 square kilometers in the Tian Shan, Kyrgyzstan.
On January 16, the Cabinet approved a draft cooperation agreement between the government, Silvercorp Metals, Inc., and the closed joint-stock company "Chaarat ZAV" for the development of the "Tulkubash" and "Kyzylbash" areas within the Chaarat project.
