# Mercado Minerals Ltd. (CSE:MERC)

> Mercado Minerals Ltd.

## About

Mercado Minerals Ltd. (CSE: MERC) is a silver-focused exploration company targeting the next world-class discovery in Mexico’s emerging Western Silver Belt, part of the prolific Sierra Madre Occidental mining district. With a proven team boasting extensive experience in Mexican exploration, Mercado is actively advancing multiple projects across more than 3,000 hectares. The Company is committed to creating shareholder value through disciplined exploration, strategic growth, and discovery-driven results. The company has recently acquired 100%-owned Copalito and Zamora silver-gold projects in Sinaloa, Mexico, significantly expanding its footprint and exploration upside. Mercado is led by an experienced management and technical team with a track record of discovery and project advancement in Mexico, and is strengthened by a strategic investment from Vizsla Silver Corp. The company is focused on creating sustainable shareholder value through disciplined exploration and discovery-focused milestones across its growing project portfolio.

## Key facts

- **Shares outstanding:** 75,814,251
- **Fully diluted shares:** 104,361,601
- **Warrants:** 21,482,350
- **Options:** 3,785,000
- **Mineral resource:** The technical information and data for the Zamora property appears to be of a good standard. However, the QP has not conducted sufficient work to independently validate the assay rock sample results from Zamora. Therefore, the Company is treating the Zamora results as historical in nature and are not to be relied on. The QP will independently verify results of the historic work during a site visit later this year.
- **Projects:** ["Zamora: 110 km north from Mazatlán, 23 km southwest of the Mining town of Cosala, 40 km west of Prime Mining’s Los Reyes project (pending $450 mm acquisition by Torex Gold Resources Inc). District scale opportunity with 4 concessions covering 378 Ha and the rights to potentially bring another 2,999 Ha of concessions back into good standing. If successful, Mercado will own a total of 3,377 Ha. Cumulative strike of over 8 km from structures with 14 historic high grade silver gold mines on them (3 on granted concessions – 11 on pending concessions). Never drill tested. Surface highlight results include: 14,561 g/t silver and 15.53 g/t gold (grab sample); 286 g/t silver and 2.54 g/t gold over 1.00 m (channel sample) and 8.00 g/t gold (soil sample). The reader is cautioned that all listed results are of a historic nature, have not been verified by the QP and are not to be relied on. The results from the area surrounding Zamora (pending concessions) are not necessarily indicative of the mineralization on the Zamora property.","Copalito: 123 km northeast from Culiacan, 35 km east of McEwen El Gallo Mine. District scale opportunity with 7 concessions covering over 2,820 ha. Option to earn 100% over 5 years. 8 km cumulative strike length over six known silver and gold veins. All historical exploration data acquired including 81 diamond drill holes. Inaugural 3,000m drill program underway. Highlight Results: 256 g/t silver, 1.46 g/t gold, 0.32% lead 1.06% zinc over 6.50 m in COP-26-001 (Including 848 g/t silver, 4.83 g/t gold, 0.20% lead, and 0.47% zinc over 1.20 m); 89 g/t silver, 0.46 g/t gold, 0.12% lead and 0.49% zinc over 7.25 m in COP-26-003 (Including 149 g/t silver, 0.73 g/t gold, 0.19% lead, and 0.77% zinc over 4.25 m); 347 g/t silver, 0.22 g/t gold, 0.17% lead 0.38% zinc over 13.10 m in BDH-20-004; 125 g/t silver, 2.00 g/t gold, 0.34% lead and 0.58% zinc over 23.00 m in BDH-21-055. Only 60% of known mapped veins have been drilled."]
- **Leadership:** Daniel Rodriguez (Chief Executive Officer, Director, and Founder, Brings over 16 years of expertise in capital markets and financial services. Previously Head of Corporate Development and Investor Relations at Warrior Gold Inc.), Mathew Lee (Chief Financial Officer, Brings over 15 years of corporate finance, governance, and capital markets experience. A CPA Charterholder and graduate of the University of British Columbia.), John Fraser (VP of Business Development, Director, and Founder, Has worked in the capital markets for over 25 years, with experience as an Investment Advisor and Equity Trader.), Robert Duncan (Senior Technical Advisor, A mineral exploration professional with over 30 years of experience in major mining companies and junior explorers, specializing in diverse geological environments.), Barry Devlin (Director, Brings over 45 years of experience as an exploration geologist with a solid track record in generative exploration programs.), John Mirko (Technical Advisor, Has over 50 years’ experience in the mining industry and is the founder and President of Canam Mining Corporation.), Jose Vizcarra (Technical Advisor, A geologist with over 40 years of experience in the Mexican mining industry, specializing in the exploration of epithermal deposits.)

_Verified data last updated: 2026-10-23_

## Recent filings

- 2026-10-22 — press_release — [MERC:CNX_2026-10-22_10-46-36.pdf](https://ai-chat-dev-red.vercel.app/mrmnf/preview/127816?documentId=127816)
- 2026-09-18 — press_release — [MERC:CNX_2026-09-18_10-36-03.pdf](https://ai-chat-dev-red.vercel.app/mrmnf/preview/127817?documentId=127817)
- 2026-09-02 — press_release — [MERC:CNX_2026-09-02_10-41-33.pdf](https://ai-chat-dev-red.vercel.app/mrmnf/preview/127818?documentId=127818)
- 2026-08-26 — press_release — [MERC:CNX_2026-08-26_10-54-20.pdf](https://ai-chat-dev-red.vercel.app/mrmnf/preview/127819?documentId=127819)
- 2026-08-19 — press_release — [MERC:CNX_2026-08-19_10-34-22.pdf](https://ai-chat-dev-red.vercel.app/mrmnf/preview/127820?documentId=127820)
- 2026-08-06 — proxy — [MERC:CNX_2026-08-06_20-24-31.pdf](https://ai-chat-dev-red.vercel.app/mrmnf/preview/127821?documentId=127821)
- 2026-08-06 — proxy — [MERC:CNX_2026-08-06_20-24-00.pdf](https://ai-chat-dev-red.vercel.app/mrmnf/preview/127822?documentId=127822)
- 2026-07-28 — other — [MERC:CNX_2026-07-28_16-02-20.pdf](https://ai-chat-dev-red.vercel.app/mrmnf/preview/127823?documentId=127823)

## Investor FAQ

### [Latest news?](https://ai-chat-dev-red.vercel.app/mrmnf/faq/latest-news)

The latest news from Mercado Minerals Ltd. was released on October 22, 2026. The company continues to advance its exploration projects in Mexico's Western Silver Belt, focusing on creating shareholder value through disciplined exploration.

### [Projects overview?](https://ai-chat-dev-red.vercel.app/mrmnf/faq/projects-overview)

Mercado Minerals Ltd. is advancing two main projects: Zamora and Copalito. The Zamora project covers 378 hectares with potential for an additional 2,999 hectares and has historic high-grade silver and gold results, while the Copalito project spans over 2,820 hectares with an ongoing 3,000m drill program and significant historical exploration data.

## Live AI chat

- https://ai-chat-dev-red.vercel.app/mrmnf/chat
- Investor website: https://www.mercadominerals.com/