Silvercorp Offer for OreCorp Lapsed


Trading Symbol:        TSX: SVM


VANCOUVER, British Columbia – March 25, 2024 – Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX/NYSE American: SVM) announced today that, further to its off-market takeover bid (the “Offer”) for all of the ordinary shares in OreCorp Limited (“OreCorp”) (ASX:ORR), Silvercorp did not satisfy the 50.1% minimum acceptance condition prior to the close of the Offer on March 22, 2024 and elected not to exercise its “right to match” a competing offer for OreCorp. Silvercorp will remain entitled to payment of a break fee of approximately AUD$2.8 million in certain circumstances, as set out in the BID.