Nevada Silver

Corporate and Project Update on the Emily Manganese Project

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES

Nevada Silver Corporation ("NSC" or the "Company") (TSXV:NSC) is pleased to provide an update on its 100% owned subsidiary North State Manganese Inc ("North Star") and the Emily Manganese Project ("Emily"). Emily is in the Cuyuna Iron Range, Crow Wing County, Minnesota and was the subject of a June 2020 NI 43-101 mineral resource estimate by Barr Engineering Company (Table 1)1

TABLE 1: NI 43-101 COMPLIANT INDICATED AND INFERRED MINERAL RESOURCE ESTIMATE

Review of NI 43-101 resource drill data highlights high-grade intersections

North Star recently commissioned a review of drilling and other technical data contained within the Barr Engineering mineral resource estimate. A number of high-grade drill intersections were identified within thicker zones of mineralization2, including:

  • Drill hole VC-01-11: 33.68 meters from 70.56 meters @ 16.93% Mn
    • Including 8.99 meters @ 34.58% Mn; and
    • Including 1.07 meters @ 50.10% Mn
  • Drill hole AC-01-11: 36.88 meters from 135.02 meters @ 9.98% Mn
    • Including 7.47 meters @ 29.48% Mn; and
    • Including 1.52 meters @ 43.00% Mn
  • Drill hole AC-02-11: 19.5 meters from 70.1 meters @ 18.5% Mn
    • Including 8.84 meters @ 32.94% Mn; and
    • Including 6.10 meters @ 39.33% Mn; and
    • Including 3.05 meters @ 45.74% Mn
  • Drill hole AC-04-12: 9.0 meters from 137.2 meters @ 17.6% Mn
    • Including 4.47 meters @ 24.47% Mn (Figure 1)

A summary of intersections of the drill holes included in the Barr Engineering NI 43-01 Technical Report is contained in the appendix.

FIGURE 1: DRILL HOLE AC-04-12 SHOWING HIGH-GRADE BANDED MANGANESE OXIDES BETWEEN 144.6-144.8 METERS (28.57% Mn)

Historical metallurgical work at Emily was undertaken by Montana Tech, of the University of Montana, Coleraine Minerals Research Laboratory, Hazen Research, Inc., Outotec, USA, and Kemetco Research, Inc. North Star is presently updating the metallurgical tests performed by Kemetco on samples from the Emily deposit. Historic samples were successfully upgraded to produce MnCO3 (manganese carbonate), EMD (electrolytic manganese dioxide - MnO2) and EMM (electrolytic manganese metal - Mn) (Figure 2).

FIGURE 2: MANGANESE CHEMICALS PRODUCED BY KEMETCO FROM EMILY SAMPLES

Emily is well located near regional industrial centers (iron mining and processing) with major transportation linkages (road, rail and shipping). In addition to its ownership and management rights, North Star also has exclusive surface leases and operational rights to the structures and facilities located at Emily (Figure 3).

Building A High-Purity Manganese Supply Chain In North America

It is North Star's ultimate aim is to produce high-purity manganese products for North American technology and energy markets. There are currently no producing manganese mines in the USA or Canada, and manganese is on the strategic metals list in both countries.

Manganese is a critical component to the lithium-ion battery (Li-B) supply chain, being used in two of the most prominent batteries in production, i.e., Nickel Lithium Manganese Oxide (LMO) and Manganese Cobalt (NMC) batteries. Within LMO batteries, there is approximately 61% manganese in the cathode, while in the NMC battery, manganese constitutes 20-30% of the total cathode material3. BASF recently unveiled ambitious plans to boost investment in battery cathode active materials (CAM), including a new family of manganese-rich products. Volkswagen and Tesla have each announced plans to mass produce a new battery that requires a high proportion of manganese with no cobalt (Tesla at ~ 33% Mn, and VW over 50% Mn)4.

"We believe the high-purity manganese market will be driven by the demand for these specialized products over the next decade" commented NSC's CEO Gary Lewis. "This is line with the North Star's aspiration to capture significant value of the supply chain for high-purity manganese products, from raw material extraction and product upgrading, through chemical processing and high-purity manganese sales in the North American marketplace."

FIGURE 3: SITE WORKS AND INFRASTRUCTURE AT THE EMILY PROJECT

Corporate update

The Company is continuing to assess options for the commercialization of the Emily Manganese Project to the benefit of NSC shareholders. Alternatives under investigation include potential joint venture arrangements and / or the spinning-out of North Star into a standalone listed entity. NSC will provide a further update early in the new year.

Qualified Person

The scientific and technical data contained in this news release was reviewed and approved by Ian James Pringle PhD, who is a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

For further Information please contact:

Gary Lewis
Group CEO & Director
Phone: +1 (416) 941 8900
Email: gl@nevadasilvercorp.com

About Nevada Silver Corporation

Nevada Silver Corporation (TSXV: NSC) is a multi-commodity resource company with two advanced-stage exploration projects in the USA. NSC's principal asset is the Corcoran Silver-Gold Project in Nevada. Corcoran has an existing NI 43-101 mineral resource estimate of 33.5M oz AgEq5. In addition, NSC has ownership and management rights over the Emily Manganese Project in Minnesota, which was the subject of a June 2020 NI 43-101 mineral resource estimate and contains North America's highest grade manganese resource.

About North Star Manganese Inc

North Star Manganese is a Minnesota-based company with ownership and management rights to the Emily Manganese Project ("Emily"). Emily consists of the mining and processing of manganese ores in the Emily District of the Cuyuna Iron Range in Crow Wing County, Minnesota. North Star is a wholly owned subsidiary of NSC. Emily has an existing NI 43-101 mineral resource estimate and has been the subject of significant technical and environmental studies, with US$24 million invested to date.

Forward-Looking Information

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including, without limitation, risks as a result of the Company having a limited operating history and may have a wide variance from actual results, risks concerning the ability to raise additional equity or debt capital to continue its business, uncertainty regarding the inclusion of inferred mineral resources in the mineral resource estimate which are too speculative geologically to be classified as mineral reserves, uncertainty regarding the ability to convert any part of the mineral resource into mineral reserves, uncertainty involving resource estimates and the ability to extract those resources economically, or at all, uncertainty involving exploration (including drilling) programs and the Company's ability to expand and upgrade existing resource estimates, risks involved in any future regulatory processes and actions, risks from making a production decision (if any) without any feasibility study completed on the Company's properties, risks applicable to mining exploration, development and/or operations generally, and risk as a result of the Company being subject to certain covenants with respect to its activities by creditors, as well as other risks.

Forward-looking information is based on the reasonable assumptions, estimates, analysis, and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information.

All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events, or developments, except as required by law.

1 The Emily Manganese Project's NI 43-101 Mineral Resource Estimate is available at www.nevadasilvercorp.com. The Mineral Resource Estimate incorporates drilling results from two separate drilling programs in 2011 and 2012 for seven diamond drill core holes using an inverse distance squared method and evaluated at 5%, 10%, 15% and 20% manganese weight percent cutoff grades. Mineral resource tonnage and grades are reported as undiluted. Mineral resource tonnage and contained metal have been rounded to reflect the accuracy of the estimate and numbers may not add due to rounding. This Mineral Resource Estimate was prepared under the requirements of National Instrument 43-101 "Standards of Disclosure for Mineral Projects" of the Canadian Securities Administrators by Mr. Brad M. Dunn, CPG, Senior Mining Geologist, Barr Engineering Company and has an effective date of June 12, 2020.

2 3% Mn cut-off

5 The Corcoran Canyon Silver-Gold Property Mineral Resource Estimate was prepared under the requirements of National Instrument 43-101 "Standards of Disclosure for Mineral Projects" of the Canadian Securities Administrators by Mr. G. Mosher, P.Geo., M.Sc. and Mr. D. Smith, P.Geo., M.S. and has an effective date of October 12, 2020.

SOURCE:Nevada Silver Corporation


View source version on accesswire.com:
https://www.accesswire.com/678880/Corporate-and-Project-Update-on-the-Emily-Manganese-Project

News Provided by ACCESSWIRE via QuoteMedia

silver investingtsxv:nsc
NSC:CA
The Conversation (0)
Nevada Silver Corporation Announces Effective Date of Name Change to Electric Metals Limited

Nevada Silver Corporation Announces Effective Date of Name Change to Electric Metals Limited

Nevada Silver Corporation (TSXV: NSC) (OTCQB: NVDSF) ("NSC" or the "Company"), further to its press release of 8th May 2023, is pleased to announce that the effective date of its change of name to "Electric Metals (USA) Limited" will be 16th May 2023 (the "Effective Date"). On that date, the Company will begin trading at the open on the TSX Venture Exchange under its new name and ticker symbol "EML". On the Effective Date, the new ISIN number for the Company will be CA28489D1024 and the new CUSIP number will be 28489D102. The Company is intending that its new ticker symbol on the OTCQB will be "EMUSF".

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Nevada Silver Corporation Announces Results of Annual and Special Meeting of Shareholders

Nevada Silver Corporation Announces Results of Annual and Special Meeting of Shareholders

  • Elected as directors Mr. Oliver Lennox-King, Ms. Megan McElwain, Mr. John Kutkevicius, Dr. Henry Sandri and Mr. Gary Lewis;
  • Reappointed Baker Tilly WM LLP, Chartered Accountants, as the Company's auditors;
  • Approved the continued use of the Company's stock option plan in accordance with TSX Venture Exchange ("TSXV") policies;
  • Approved an amendment to the articles of the Company to add a provision permitting the directors to appoint one or more additional directors between annual meetings of shareholders; and
  • Approved approved the change of name of the Company to "Electric Metals (USA) Limited", or such other name as determined by the Board of Directors and as may be acceptable to the regulatory authorities (the "Name Change").

Nevada Silver Corporation  (TSXV: NSC) (OTCQB: NVDSF) ("NSC" or the "Company") is pleased to announce the results of its annual and special meeting of shareholders held on 4th May 2023 (the "Meeting"), the results of which are summarized above.

Following the Meeting, the Board of Directors of the Company resolved to proceed with the Name Change. Following receipt of all regulatory and stock exchange approvals, the Company's stock is expected to begin trading under its new name and TSXV ticker symbol of "EML". The Company will make a further announcement when such date has been determined.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Nevada Silver Increases Ownership of North Star Manganese Inc to 100% Via Acquisition of Minority Shareholder Interests

Nevada Silver Increases Ownership of North Star Manganese Inc to 100% Via Acquisition of Minority Shareholder Interests

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES

  • Completes acquisition of all outstanding shares of North Star Manganese Inc via share exchange with minority NSM shareholders.
  • Increases NSC shareholder exposure to 100% of the high-grade Emily Manganese Project in Minnesota, USA.
  • Drilling progresses on schedule at the Emily Manganese Project with seven diamond core drill holes now completed and additional samples submitted for analyses. Assays from the initial three drill holes are expected in coming weeks.

Nevada Silver Corporation ("NSC" or the "Company") (TSXV:NSC)(OTCQB:NVDSF) is pleased to announce it has completed the acquisition of all of the outstanding securities of North Star Manganese Inc ("NSM") that it did not already hold through its wholly-owned subsidiary Electric Metals (USA) Pty Limited ("EML") (the "NSM Share Acquisition"). As disclosed in the news release of the Company dated August 31, 2022, NSM closed the sale of 3,160,233 of its shares (the "NSM Shares") representing 9.5% of its issued and outstanding shares of NSM on August 31, 2022. The other 90.5% of the outstanding shares continued to be held by EML. On November 23, 2022, the Company announced that the Emily Manganese Project will become the Company's flagship asset and that the Company planned to change its name to "Electric Metals (USA) Limited" in order to better reflect the entirety of its value proposition as a developer of battery and technology-related minerals, including its US manganese and silver properties

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Nevada Silver Provides Update on Drilling, Permitting and Battery Testwork at the High-Grade Emily Manganese Project, Minnesota, USA

Nevada Silver Provides Update on Drilling, Permitting and Battery Testwork at the High-Grade Emily Manganese Project, Minnesota, USA

  • Three diamond core drill holes have been completed and samples submitted for analyses as drilling progresses on schedule.
  • Drill holes have all intersected high-grade manganese mineralization close to anticipated depths.
  • Metallurgical and battery test work will resume when the majority of planned drill holes in the eastern portion of the deposit are completed.
  • Barr Engineering will undertake environmental studies on recently acquired land in preparation for additional drilling.

Nevada Silver Corporation ("NSC" or the "Company") (TSXV:NSC)(OTCQB:NVDSF) is pleased to provide an update on the inaugural drill program, and other technical and permitting activities at its high-grade Emily Manganese project in Minnesota, USA. The Emily Project ("Emily") is located in the Cuyuna Iron Range of central Minnesota, USA (Figure 1), an area with a rich mining history and support from established local infrastructure, a skilled mining workforce and abundant power and gas

Figure 1. The Emily Project is part of the Emily District of the Cuyuna Iron Range in Crow Wing County, Central Minnesota. The Emily District includes the highest-grade manganese resource in North America.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Nevada Silver Announces Major Land Acquisition in Minnesota to Significantly Expand the Emily Manganese Exploration Footprint

Nevada Silver Announces Major Land Acquisition in Minnesota to Significantly Expand the Emily Manganese Exploration Footprint

  • Signs lease and purchase option agreements covering two strategic blocks of land joining the Company's existing holdings.
  • First company to consolidate land into one contiguous block covering much of the manganese-iron deposition previously drilled by US Steel and Pickands Mather.
  • NSC to review drill program now underway to include additional holes to cover high-grade historical intercepts on this newly acquired ground.

Nevada Silver Corporation ("NSC" or the "Company") (TSXV:NSC)(OTCQB:NVDSF) a US-based mineral development company with manganese and silver projects geared to supporting the transition to clean energy, is pleased to announce that the Company's Minnesota subsidiary, North Star Manganese Inc ("NSM") has signed lease and purchase option agreements with two private landowners in Emily, Minnesota on two adjacent blocks of land covering approximately 77 acres of surface and mineral rights

The Emily Project is located in the Cuyuna Iron Range of central Minnesota, USA (Figure 1), an area with a rich mining history and supported by well-established local infrastructure, a skilled mining workforce and abundant power and gas.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Cobre Limited Logo

Analyst Report Highlights Major Upside in Cobre’s Botswana Copper Play

Description

Cobre Limited (ASX:CBE) is gaining attention for its expansive exploration efforts across highly prospective copper and quartz tenements in Botswana and Western Australia. A recent report by Independent Investment Research (IIR) highlights Cobre’s growing potential in the copper sector, especially within the underexplored yet mineral-rich Kalahari Copper Belt.

Key Highlights from the IIR report:

Botswana: High-grade Copper in Elephant Country

At the core of Cobre’s portfolio is its 100 percent owned Kalahari copper project (KCP) in northwestern Botswana, an emerging global copper hotspot. The project spans 5,393 sq km across four key tenement blocks – Ngami, Okavango, Kitlanya East and Kitlanya West. It sits adjacent to major producing assets owned by Sandfire Resources and MMG, which together hold 7 million tonnes of copper and nearly 300 million ounces of silver in resources.

Keep reading...Show less
silver bars and coins

Silver Reserves: Top 5 Countries

Silver investors are usually interested in which countries produce the most ounces of the metal.

After all, if a nation is producing an abundance of the white metal, many mining companies are likely operating there, and profitable investment opportunities may be available.

However, it’s also worth looking at silver reserves, which are a country’s economically mineable silver supply. In general, the world’s largest global silver producers also have high silver reserves that are worth learning about, but some countries with high silver reserves are not mining much of the metal.

Where there’s room to grow silver mine supply, there may be money to be made as well. For that reason, precious metals investors should also be aware of which countries may eventually become silver supply powerhouses.

Keep reading...Show less
First Majestic Announces Second Gold-Silver Discovery Within a Year at Santa Elena and Expands High-Grade Mineralization at Navidad

First Majestic Announces Second Gold-Silver Discovery Within a Year at Santa Elena and Expands High-Grade Mineralization at Navidad

Santo Niño: A New Gold-Silver Discovery Confirmed 900 Metres South of the Santa Elena Plant.
Navidad: Drilling Expands the Mineral Deposit Footprint and Returns Higher-Grade Gold and Silver.

First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to report a second significant discovery of vein-hosted gold and silver mineralization within a year at the Santa Elena property in Sonora, Mexico, and to share additional positive drilling results from the Navidad discovery. The near surface, newly identified Santo Niño vein, located approximately one kilometre south of the Santa Elena mine, marks a significant addition to the district. Resource addition and resource conversion drilling at the Navidad Discovery - completed after maiden Inferred Resource estimate declaration (see news release dated March 31, 2025 substantially increased the size of the mineralized area and several holes returned higher than average grades for the deposit. With the additions of Navidad and Santo Niño, the Santa Elena property now hosts four significant gold-silver deposits: Santa Elena, Ermitaño, Navidad, and Santo Niño, underscoring the growing scale and potential of the district.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Silver bars in a pile on the left on top of a blue grid with a stock price chart in white.

How to Invest in Silver: Buying Bullion, Stocks and More

For investors wondering how to invest in silver, this guide covers the basics of the top options for silver investing: buying silver bullion, silver stocks, silver ETFs and silver futures.

Silver has long been an attractive vehicle not only for storing wealth, but for generating it too. Silver bugs rave about the growth opportunities to be had in a price rally. However, what goes up must come down, and the silver market is prone to deep dives, providing buying opportunities.

Investing in silver and gold is similar, but the nuances of both merit learning about them individually. Silver often trades similarly to fellow precious metal gold, meaning its significantly lower price point offers investors a more affordable method for hedging against volatility. Silver also has growing industrial demand from clean energy and electrification sectors.

Check out our beginner's guide to silver investing below, including links to in-depth guides and silver stock and ETF lists for when you're ready to go deeper.

Keep reading...Show less
Rapid Lithium

Execution of Share Purchase Agreement to Acquire Two Silver Projects in New South Wales

Rapid Lithium Limited (Rapid or Company) is pleased to announce that it has entered into a Share Purchase Agreement (SPA) with Silver Metal Group Limited (SMG) (formerly Thomson Resources Ltd) to acquire all of the shares in two subsidiaries of SMG, being Conrad Resources Pty Ltd and Webbs Resources Pty Ltd (Transaction) for a total consideration of A$6.50 million in cash and shares.

Keep reading...Show less
First Majestic Announces Voting Results from 2025 Annual General Meeting

First Majestic Announces Voting Results from 2025 Annual General Meeting

First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce the voting results for its Annual General Meeting of Shareholders held on Tuesday, May 20, 2025 in Vancouver, British Columbia (the "2025 AGM"). Each of the matters that were voted upon at the 2025 AGM are described in detail in the Company's Management Information Circular dated April 9, 2025 (the "Circular"), which is available on the Company's website at www.firstmajestic.com or at www.firstmajesticagm.com.

A total of 281,059,326 common shares of First Majestic were represented at the 2025 AGM, representing 57.99% of the Company's issued and outstanding common shares as at the record date for the meeting. Shareholders voted in favour of all matters brought before the 2025 AGM, except the non-binding Say on Pay Advisory Vote. The specific voting results were as follows:

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest News

Latest Press Releases

Juggernaut Files for Final Approval of Oversubscribed Financing

Quimbaya Gold Inc. Announces Participation in THE Mining Investment Event, Quebec City, June 3-5, 2025

Charbone Hydrogen Announces Q1 2025 Financial Results

Charbone Hydrogene annonce les resultats financiers T1 2025

Related News

Copper Investing

Juggernaut Files for Final Approval of Oversubscribed Financing

Precious Metals Investing

Quimbaya Gold Inc. Announces Participation in THE Mining Investment Event, Quebec City, June 3-5, 2025

Oil and Gas Investing

Charbone Hydrogen Announces Q1 2025 Financial Results

Oil and Gas Investing

Charbone Hydrogene annonce les resultats financiers T1 2025

Base Metals Investing

Group Eleven Announces Appointment of Jasmine Lau as Chief Financial Officer

Uranium Investing

Trump’s Nuclear Revival Plan Boosts Uranium Prices, Sends US Miners Soaring

Base Metals Investing

Loyalty Option Offer Prospectus

×