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Gold Candle to Acquire Pan American Silver’s Larder Property, Further Enhancing Its Presence in the Abitibi

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Gold Candle to Acquire Pan American Silver’s Larder Property, Further Enhancing Its Presence in the Abitibi

Gold Candle Ltd. (“Gold Candle” or the “Company”) today announced that it has entered into a binding asset purchase agreement with Pan American Silver Corp. (“Pan American”) dated May 7, 2026 (the “Agreement”) pursuant to which Gold Candle will acquire all of the assets that comprise Pan American’s Larder Property in exchange for 15,000,000 common shares in the capital of Gold Candle, which will result in Pan American owning approximately 6% of Gold Candle on a pro forma basis (the “Transaction”).

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