On October 21, 2016 Firma Holdings Corp. signed a binding agreement with MX Gold Corp. to acquire a 50% interest in the Magistral Del Oro tailings project, which is located in what is known as the Golden Triangle" in Santa Maria Del Oro, Durango, Mexico. The Magistral Del Oro project is owned by Gracepoint Mining Corp. The project includes a 500 ton per day Dynamic Cyanide processing plant. Construction of the plant was completed in 2013, for approximately $4.5 million and is in excellent condition. It is unencumbered, fully permitted, and it is estimated that it can be fully operational within 4 to 6 months. Additionally, the Magistral project includes the exclusive rights to process approximately 1.2 million tonnes of mineralized mill tailings, grading an average of 2.06 gold per tonne (79,000 ounces of gold). The agreement calls for an initial cash payment of U.S. $250,000 to Gracepoint and an additional payment of $2,225,000, over 90 days, to meet current obligations and make various modifications and additional enhancements to the plant, and for startup capital.