SILVER MOUNTAIN DELIVERS POSITIVE PRELIMINARY ECONOMIC ASSESSMENT FOR ITS RELIQUIAS PROJECT, PERU; PRE-TAX NPV 5% OF C$107 MILLION, PRE-TAX IRR OF 57%, AND PAYBACK OF 1.8 YEARS
Silver Mountain Resources Blog
by lindsay
1M ago
Key Highlights – Preliminary Economic Assessment (“PEA”)   Pre-Tax Net Present Value (“NPV”), C$107 million at 5% discount rate, and Pre-Tax Internal Rate of Return (“IRR”) of 57% After-Tax Net Present Value (“NPV”), C$85 million1 at 5% discount rate, and After-Tax Internal Rate of Return (“IRR”) of 51%. Construction time of 10 months Payback Period of 1.8 years Profitability ratio (Initial CAPEX/NPV) of 2.5 times Average annual metal production of 2.2 million ounces AgEq per year Initial CAPEX of US$24.8 million All-in Sustaining Cost (“AISC”) 2 of 17 US$/Oz AgEq Benefits from existin ..read more
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SILVER MOUNTAIN ANNOUNCES LISTING OF COMMON SHARE PURCHASE WARRANTS
Silver Mountain Resources Blog
by lindsay
1M ago
TORONTO, ON – May 8, 2024 – Silver Mountain Resources Inc. (TSXV: AGMR) (OTCQB: AGMRF) (“Silver Mountain” or the “Company“), is pleased to announce that the TSX Venture Exchange (the “TSXV“) has accepted for listing 87,638,928 common share purchase warrants of the Company (the “Warrants“) for trading on the TSXV. Such Warrants are being issued pursuant to a prospectus supplement (the “Supplement“) to the short form base shelf prospectus of the Company dated November 9, 2022, which Supplement was dated April 18, 2024 (the “Offering“). For more information about the Offering, please refer to th ..read more
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SILVER MOUNTAIN ANNOUNCES CLOSING OF PROSPECTUS OFFERING
Silver Mountain Resources Blog
by lindsay
2M ago
TORONTO, ON – April 24, 2024 – Silver Mountain Resources Inc. (TSXV: AGMR) (OTCQB: AGMRF) (“Silver Mountain” or the “Company“), is pleased to announce that it has completed its previously announced prospectus offering (the “Offering“) of units of the Company (the “Units“). The Offering was completed on a “best efforts” agency basis pursuant to an agency agreement (the “Agency Agreement“) dated April 18, 2024 among the Company and Eight Capital and SCP Resource Finance LP (together, the “Agents“). Pursuant to the Offering, the Company has issued an aggregate of 87,638,928 Units at a price of ..read more
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SILVER MOUNTAIN ANNOUNCES UPSIZE OF PREVIOUSLY ANNOUNCED PUBLIC OFFERING OF UNITS TO $9 MILLION
Silver Mountain Resources Blog
by lindsay
2M ago
TORONTO, ON – April 19, 2024 – Silver Mountain Resources Inc. (TSXV: AGMR) (OTCQB: AGMRF) (“Silver Mountain” or the “Company“), is pleased to announce that it has upsized its previously announced public offering (the “Offering“) of units (the “Units“) to up to $9,000,035 from $7,502,000, at a price of $0.11 per Unit. If the Over-Allotment Option (as defined below) is exercised in full, the aggregate gross proceeds of the Offering will be approximately $10,350,040.   Each Unit is comprised of one class A common share in the capital of the Company (each a “Common Share“) and one Common Sha ..read more
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SILVER MOUNTAIN ANNOUNCES $7.5 MILLION PUBLIC OFFERING
Silver Mountain Resources Blog
by lindsay
2M ago
TORONTO, ON – April 16, 2024 – Silver Mountain Resources Inc. (TSXV: AGMR) (OTCQB: AGMRF) (“Silver Mountain” or the “Company”), is pleased to announce that it has entered into an agreement pursuant to which Eight Capital and SCP Resource Finance LP, as joint bookrunners and co-lead agents (together, the “Agents”), will offer for sale up to 68,200,000 units of the Company (the “Units”) on a best efforts basis (the “Offering”), at an offering price of $0.11 per Unit, for aggregate gross proceeds of up to $7,502,000. The Offering will be conducted pursuant to an agency agreement to be entered in ..read more
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SILVER MOUNTAIN FILES NI 43-101 TECHNICAL REPORT FOR PREVIOUSLY ANNOUNCED UPDATED MINERAL RESOURCE ESTIMATE AT THE RELIQUIAS PROJECT
Silver Mountain Resources Blog
by lindsay
3M ago
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN OR INTO THE UNITED STATES   Toronto, Ontario, March 19, 2024 – Silver Mountain Resources Inc. (“Silver Mountain” or the “Company”) (TSXV: AGMR; OTCQB: AGMRF) today announces that it has filed an independent technical report prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects supporting the updated mineral resource estimate for its 100% owned Reliquias project in central Peru.  The technical report entitled “NI 43-101 Technical Report: Mineral Resource Update, Reliquia ..read more
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SILVER MOUNTAIN ANNOUNCES GRANT OF STOCK OPTIONS
Silver Mountain Resources Blog
by lindsay
4M ago
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN OR INTO THE UNITED STATES Toronto, Ontario, February 28, 2024 – Silver Mountain Resources Inc. TSXV:AGMR | OTCQB:AGMRF | BVL:AGMR (“Silver Mountain” or the “Company“) announces that it has approved a grant of stock options (the “Stock Options“), pursuant to the terms of the Company’s omnibus equity incentive plan, to certain directors, officers and employees of the Company. A total of 7,400,000 Stock Options have been approved for issuance to such directors, officers and employees. The Stock Options will be exercisable at an e ..read more
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SILVER MOUNTAIN DOUBLED CONTAINED SILVER CONTENT WITH HIGHER GRADE AND INCREASED TONNAGE IN THE MEASURED AND INDICATED CATEGORIES IN UPDATED MINERAL RESOURCE ESTIMATE AT ITS RELIQUIAS PROJECT, PERU
Silver Mountain Resources Blog
by lindsay
4M ago
Silver-equivalent ounces in Measured and Indicated categories increased by 100%   Silver-equivalent grade and tonnage in Measured and Indicated categories increased by 34% and 48%, respectively   Updated mineral resource estimate positions Reliquas project for PEA completion in Q1 2024 Measured and Indicated resource estimate of 1.275 Mt @ 4.34 oz/t Ag, 0.42 g/t Au, 3.14% Zn, 2.06% Pb, and 0.33% Cu   Additional Inferred resource estimate of 1.706 Mt @ 4.07 oz/t Ag, 0.43 g/t Au, 2.96% Zn, 1.84% Pb, and 0.28% Cu TORONTO, CANADA, February 07, 2024 – Silver Mountain Resources ..read more
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SILVER MOUNTAIN ANNOUNCES APPOINTMENT TO BOARD OF DIRECTORS AND APPOINTMENT OF BOARD ADVISOR
Silver Mountain Resources Blog
by lindsay
5M ago
Experienced Mining Executives W. John DeCooman Jr. appointed to the Board and Gerardo Fernandez appointed as a Board advisor as the Company progresses towards the planned recommencement of operations at the Reliquias Mine in 2025 NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN OR INTO THE UNITED STATES Toronto, Ontario, January 24, 2024 – Silver Mountain Resources Inc. TSXV:AGMR | OTCQB:AGMRF | BVL:AGMR (“Silver Mountain” or the “Company“) is pleased to announce that W. John DeCooman Jr. has been appointed as a director of the Company and Gerardo Fernandez has been appoint ..read more
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SILVER MOUNTAIN OPEN LETTER TO SHAREHOLDERS LAYS OUT PATHWAY TO PRODUCTION IN 2024 AND DETAILS 2023 ACCOMPLISHMENTS AND 2024 MILESTONES THAT WILL SEE CAUDALOSA PLANT COMMISSIONED AND RELIQUIAS MINE IN PRODUCTION
Silver Mountain Resources Blog
by lindsay
5M ago
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN OR INTO THE UNITED STATES TORONTO, CANADA, January 23, 2024 – Silver Mountain Resources Inc. (“Silver Mountain” or “the Company”) (TSXV: AGMR; OTCQB: AGMRF) is pleased to update its shareholders on its planned activities for 2024 and provide a review of its key accomplishments in 2023, in this open letter to shareholders from Chief Executive Officer, Alvaro Espinoza. To our valued shareholders and stakeholders, We, at Silver Mountain Resources, are thrilled to provide an update on our upcoming milestones for 2024. Ou ..read more
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