Silver47 Exploration (TSXV:AGA) is a compelling investment story, well-positioned to capitalize on the increasing global demand for silver, gold, copper, zinc, antimony, tin and graphite driven by its vast industrial applications and investment potential. The company wholly owns a diverse portfolio of silver-polymetallic projects across North America, including Red Mountain VMS (Alaska), Adams Plateau (British Columbia) and Michelle (Yukon).
Focused on rapid resource growth and new discoveries, Silver47 is backed by an experienced technical and management team that brings decades of successful experience in mineral exploration. Silver47 has outlined aggressive drill programs to rapidly advance its projects toward development.
The Red Mountain VMS project is Silver47's flagship asset located about 100 kilometers south of Fairbanks, Alaska. Red Mountain is a polymetallic VMS deposit, rich in silver, gold, zinc, copper, and lead. Red Mountain holds an NI 43-101 inferred resource of 15.6 million tonnes (Mt) at 7 percent zinc equivalent, or 168.6 Moz of silver equivalent at a grade of 335.7 grams per ton (g/t) silver equivalent. The project is located in a mining-friendly jurisdiction on state managed lands with reasonable access to infrastructure.
This Silver47 Exploration profile is part of a paid investor education campaign.*
Click here to connect with Silver47 Exploration (TSXV:AGA) to receive an Investor Presentation
Following its business combination with Summa Silver, Silver47 Exploration is now uniquely positioned as a leading US-focused silver explorer and developer. With a diversified portfolio of high-grade silver projects in Alaska, Nevada and New Mexico, and an inferred resource base of over 236 million ounces of silver equivalent, the company offers significant exposure to rising silver demand amid a projected global supply deficit.
Silver47 Exploration (TSXV:AGA,OTCQB:AAGAF) is a US-centric silver company with a portfolio of high-grade assets located in mining-friendly jurisdictions. Silver47 recently underwent a transformative merger with Summa Silver (TSXV:SSVR), positioning the combined entity as a premier US-focused high-grade silver explorer and developer.
This strategic consolidation brings together Silver47's flagship Red Mountain VMS project in Alaska with Summa's high-grade Hughes project in Nevada and Mogollon project in New Mexico.
The merger, announced on May 13, 2025, is structured as an at-market transaction, wherein Summa shareholders will receive 0.452 common shares of Silver47 for each Summa share held. Post-transaction, existing Silver47 and Summa shareholders will own approximately 56 percent and 44 percent of the combined company, respectively. The unified company will continue under the name "Silver47 Exploration Corp." and will be led by an experienced management team, including Gary R. Thompson as executive chairman, and Galen McNamara as CEO.
This merger significantly enhances Silver47's resource base, consolidating approximately 10 million ounces (Moz) of indicated silver equivalent (AgEq) resources at an average grade of 333 grams per ton (g/t) AgEq and 236 Moz of inferred AgEq resources at 334 g/t AgEq across its US projects. The combined entity is well-capitalized, with approximately C$10 million in cash and a concurrent C$5 million private placement underway, positioning it to aggressively advance its exploration and development programs.
Silver47's strategy is focused on aggressive drilling to expand resources, updating economic studies, and pursuing accretive M&A opportunities to build toward its long-term vision of a 1 billion ounce AgEq resource platform.
The Red Mountain VMS project is the company’s flagship asset, located approximately 100 kilometers south of Fairbanks, Alaska. This project is a polymetallic VMS deposit, rich in silver, gold, zinc, copper and lead. As of January 2024, Red Mountain holds an NI 43-101 inferred resource of 15.6 million tonnes (Mt) at 7 percent zinc equivalent, or 168.6 Moz of AgEq at a grade of 335.7 g/t AgEq. The project is located in a mining-friendly jurisdiction on state-managed lands with reasonable access to infrastructure.
The project’s scale is significant with defined mineralization over a 60 km trend, and exploration upside is robust with an additional target of 50 to 75 Mt @ 300 to 400 g/t AgEq (equivalent to over 500 Moz AgEq).
Recent 2024 drilling at the Dry Creek and West Tundra Flats zones intersected high-grade mineralization, including:
Located in the historic Tonopah silver district, the Hughes project covers 5,500 acres along the prolific Walker Lane trend. The project hosts both indicated (10.3 Moz AgEq @ 333 g/t) and inferred (32.9 Moz AgEq @ 421 g/t in situ; 2.7 Moz AgEq @ 68 g/t from tailings) resources.
Drill results include:
The project benefits from infrastructure, road access and private land ownership, supporting near-term development opportunities.
The Mogollon project is a large, underexplored vein field in Catron County, New Mexico. Inferred resources total 32.1 Moz AgEq @ 367 g/t from only 2.7 Mt, covering a small portion of the 77 km of known vein strike length.
Drilling has returned intercepts such as:
The project’s combination of high-grade intercepts, extensive targets and strong metallurgical recoveries (97 percent silver, 98 percent gold) underscores its growth potential.
Galen McNamara is the co-founder of Summa Silver, with 20 years of exploration and capital markets experience. He is a former senior project manager at NexGen Energy and PDAC Bill Dennis Prospector of the Year Award recipient.
Gary Thompson is a veteran geologist and company builder. He is the chairman and CEO of Brixton Metals, and previously led Sierra Geothermal Power to a successful acquisition.
Martin Bajic is a CPA with more than a decade of financial leadership experience, serving as director, CFO or consultant to numerous public companies trading on the TSX venture with a focus in the natural resource sector.
Alex Wallis is an exploration geologist with over 15 years of experience managing international mineral exploration projects.
Chris York is an economic geologist with expertise in narrow vein systems. He was previously the exploration manager at Klondex Gold & Silver.
Giordy Belfiore formerly led IR and capital markets for Summa Silver, helping raise over $50 million since 2020.
Advancing a premier high-grade US silver portfolio
Samples up to 44.5 g/t Gold, 3,037 g/t Silver, and 8.56% Copper
Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF) ("Silver47" or the "Company") is pleased to provide assay results from a recently completed rock sampling program at its high-grade Kennedy gold-silver Project in Nevada (the "Kennedy Project"). Results demonstrate strong prospectivity for high-grade gold and silver mineralization across the under-explored project.
Highlights:
Galen McNamara, CEO, stated: "Our exploration at the Kennedy Project is revealing high-grade gold and silver targets across a 22 km network of largely untested veins. Having acquired this project by claim staking last year, it is also royalty free. These initial results validate our acquisition strategy and position the district as a unique discovery opportunity in Nevada. Concurrently, drilling at our Red Mountain project in Alaska is progressing well, with drilling intersecting promising massive sulfide zones. We look forward to sharing assay results as they become available to showcase the strength of our American project portfolio."
Figure 1. Plan Map of Kennedy Project.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10967/265057_1b4d1a5c54f818c4_002full.jpg
Figure 2 (see attached figure). Disseminated, banded and massive sulfide mineralization featuring pyrite, pyrrhotite, chalcopyrite, sphalerite and galena in hole DC25-110 from the Red Mountain, Alaska. Photo is not intended to be representative of broader mineralization.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10967/265057_1b4d1a5c54f818c4_003full.jpg
Table 1: Rock assay highlights
| Sample ID | Zone | Au (g/t) | Ag (g/t) | Type | Easting* | Northing* |
| 351902 | Accident | 12.7 | 305 | dump | 437216 | 4459227 |
| 722881 | Accident | 8.2 | 78 | dump | 437118 | 4459331 |
| 351903 | Accident | 0.9 | 107 | dump | 437215 | 4459255 |
| 722894 | Borlasca | 3.2 | 258 | dump | 436104 | 4457845 |
| 722891 | Borlasca | 5.3 | 68 | outcrop | 436211 | 4457910 |
| 722893 | Borlasca | 21.9 | 2,336 | dump | 436214 | 4457907 |
| 722896 | Borlasca | 6.3 | 107 | dump | 436272 | 4457827 |
| J486215^ | Borlasca | 17.2 | 932 | dump | 436223 | 4457904 |
| 722875 | Cricket | 11.3 | 322 | outcrop | 437134 | 4459636 |
| 722872 | Cricket | 32.7 | 251 | dump | 437115 | 4459666 |
| 722871 | Cricket | 39.4 | 370 | dump | 437102 | 4459688 |
| 722870 | Cricket | 34.0 | 293 | dump | 437092 | 4459690 |
| 722869 | Cricket | 14.1 | 162 | subcrop | 437081 | 4459715 |
| 722873 | Cricket | 11.9 | 148 | outcrop | 437120 | 4459659 |
| 722868 | Cricket | 12.1 | 47 | dump | 437068 | 4459735 |
| 350137 | Cricket | 17.7 | 28 | dump | 437179 | 4459515 |
| 350134 | Cricket | 6.8 | 200 | dump | 437169 | 4459546 |
| 722878 | Danneburg | 3.8 | 326 | dump | 437281 | 4460597 |
| 350143 | Danneburg | 19.5 | 273 | dump | 437359 | 4460451 |
| 722876 | Danneburg | 3.1 | 116 | dump | 437391 | 4460431 |
| 350141 | Danneburg | 7.2 | 41 | subcrop | 437398 | 4460443 |
| 351908 | Fourth of July | 6.2 | 3,037 | float | 437186 | 4458978 |
| 351909 | Fourth of July | 9.6 | 2,360 | dump | 437176 | 4458993 |
| 722885 | Fourth of July | 2.6 | 575 | dump | 437091 | 4458997 |
| 722886 | Fourth of July | 11.0 | 239 | dump | 437121 | 4458989 |
| 351911 | Fourth of July | 4.6 | 315 | outcrop | 437203 | 4458947 |
| 722883 | Fourth of July | 4.1 | 211 | dump | 437122 | 4459101 |
| 351910 | Fourth of July | 1.9 | 454 | subcrop | 437155 | 4458999 |
| E923275^ | Gold Note | 11.1 | 1,020 | dump | 435331 | 4458209 |
| J486223^ | Gold Note | 20.1 | 114 | dump | 435391 | 4458114 |
| 350106 | Gold Note | 40.4 | 232 | dump | 435309 | 4458224 |
| 350101 | Gold Note | 10.9 | 724 | dump | 435319 | 4458213 |
| 350104 | Gold Note | 0.6 | 419 | dump | 435327 | 4458219 |
| 350102 | Gold Note | 5.0 | 122 | dump | 435322 | 4458215 |
| J486240^ | Gold Note | 5.4 | 32 | dump | 435330 | 4458222 |
| J486241^ | Gold Note | 8.4 | 8 | float | 435450 | 4458297 |
| 350122 | Hidden Treasure | 10.7 | 53 | subcrop | 435757 | 4458713 |
| 351914 | Hidden Treasure | 44.5 | 15 | dump | 435650 | 4458845 |
| J486233^ | Hidden Treasure | 8.6 | 43 | dump | 435656 | 4458844 |
| 722889 | Hidden Treasure | 12.0 | 53 | dump | 435609 | 4458805 |
| 722890 | Hidden Treasure | 27.6 | 11 | float | 435668 | 4458776 |
| 722864 | Imperial | 30.4 | 148 | dump | 436355 | 4459530 |
| 350133 | Imperial | 3.3 | 226 | dump | 436325 | 4459715 |
| 350130 | Imperial | 11.1 | 32 | dump | 436346 | 4459567 |
| 722867 | Imperial | 16.8 | 17 | dump | 436324 | 4459657 |
| 722860 | Imperial | 7.0 | 80 | dump | 436655 | 4458931 |
| 722861 | Imperial | 8.4 | 34 | dump | 436655 | 4458930 |
| 350131 | Imperial | 5.9 | 5 | subcrop | 436334 | 4459596 |
| 350129 | Imperial | 8.6 | 77 | dump | 436347 | 4459351 |
| J486238^ | Regional | 3.1 | 100 | dump | 435979 | 4457773 |
| 350121 | Regional | 5.7 | 21 | subcrop | 434848 | 4459187 |
| E923273^ | Trail/Senator | 3.1 | 583 | dump | 436605 | 4458764 |
| 722855 | Trail/Senator | 8.6 | 133 | dump | 436603 | 4458763 |
| 350123 | Trail/Senator | 6.4 | 43 | dump | 436607 | 4458764 |
| 722854 | Trail/Senator | 8.5 | 78 | dump | 436605 | 4458762 |
| 722857 | Trail/Senator | 1.9 | 114 | outcrop | 436538 | 4458813 |
| 722859 | Trail/Senator | 1.6 | 134 | outcrop | 436512 | 4458842 |
| 350120 | Coyote | 2.9 | 759 | float | 435061 | 4458685 |
| J486225 | Coyote | 16.0 | 64 | dump | 435227 | 4458717 |
| 350115 | Coyote | 2.9 | 103 | subcrop | 435201 | 4458738 |
| 350118 | Coyote | 1.7 | 107 | float | 435062 | 4458678 |
| E923276^ | Coyote | 15.9 | 323 | subcrop | 435052 | 4458607 |
| 350116 | Coyote | 10.9 | 36 | dump | 435224 | 4458716 |
| E923278^ | Coyote | 10.0 | 33 | dump | 435227 | 4458716 |
*NAD83 Z 11
^see references for sources of data
Defining Widespread High-Grade Gold-Silver Mineralization
A reconnaissance-style prospecting and sampling program was recently completed by Silver47's exploration team on unpatented mining claims of the Kennedy Project. The purpose of the program was to confirm the presence of high-grade gold-silver-base metal mineralization across eleven targets (Figure 1). Areas of historic surface workings (e.g., blast pits and mine dumps) as well as outcrop, subcrop and float were sampled. In total, 109 samples were collected (see April 24th, 2025 news release for first batch of results). Data from over 40 historic rock samples were also compiled and combined with the new data creating a rock geochemical database of over 150 samples (Figure 1).
Selective sampling across the eleven targets (Figure 1) demonstrates the scale and high-grade potential of vein-systems typical of the Kennedy Project. Highlights from recent and historical sampling include:
Gold Note: Most of the historic gold production in the Kennedy district was from the Gold Note mine. The mine was centered on a series of high-angle, broadly east-west striking quartz veins hosted in volcanic and sedimentary rocks and traced for over 350 m. Waste material from the mine has been stacked in dumps near the main Union and No. 2 adits (Figure 1). Sampling of these dumps returned grades up to 40.4 g/t Au with 232 g/t Ag and 11.1 g/t Au with 1,020 g/t Ag (Table 1) and the 14 new and compiled samples average 7.9 g/t Au with 193 g/t Ag. These results agree with historic mine grades which were reportedly as high as 15.5 g/t Au with 311 g/t Ag¹.
Borlasca: The east-west trending Borlasca target comprises a series of northwest to west striking structures centered approximately 900 m east of the Gold Note mine. Veins and oxidized vein-breccias are hosted in porphyritic rhyolite associated with strong silicification. Samples of dump and outcrop from across the three main Borlasca veins have returned up to 21.9 g/t Au with 2,336 g/t Ag with 8.56% Cu. The strong copper mineralization in many of the Borlasca samples suggest strong prospectivity for copper mineralization across this part of the Kennedy district.
Coyote: The northwest-striking Coyote vein system is centered approximately 600 m north of the Gold Note mine. Veins and quartz-cemented breccias of the Coyote target are hosted primarily in granite and quartz-phyric rhyolite. Samples of dump material, subcrop and float from the main Coyote target returned grades up to 15.9 g/t Au with 323 g/t Ag and 2.9 g/t Au with 759 g/t Ag (Table 1). Sampling 600 m along strike to the northwest returned 5.7 g/t Au with 20.8 g/t Ag (sample 350121, Table 1).
Cricket-Accident trend: The north-northwest striking Cricket target is centered approximately 2.2 km northeast of the Gold Note mine (Figure 1). The vein-system is hosted near a contact between andesite and monzonite and consists of brecciated and drusy quartz veins and veinlets. The Cricket vein has been sampled (outcrop and dumps) for over 200 m along strike with grades up to 39.4 g/t Au and 370 g/t Ag (15 samples average 12.3 g/t Au and 132 g/t Ag). High-grade gold and silver mineralization at Cricket is locally associated with strong lead and antimony mineralization (up to 3.0% Pb and 3,540 ppm Sb). The Accident vein, 300 m along strike to the south of Cricket, is interpreted to be part of the same 800 m north-trending vein-system. Sampling at Accident returned up to 12.7 g/t Au with 305 g/t Ag (Table 1). Further sampling along trend north of Cricket towards the historic Wall Street mine and along trend south of Accident is warranted.
Fourth of July: The Fourth of July vein sets are hosted in strongly oxidized granite/monzonite and comprise quartz-rich breccias and veins. Sampling of outcrop, subcrop, dump and float along a 200 m trend at Fourth of July returned up to 6.2 g/t Au with 3,037 g/t Ag and 9.6 g/t Au with 2,360 g/t Ag. The veins may represent a possible southern offset of the Cricket-Accident trend of veins and supports the strong prospectivity for high-grade gold-silver mineralization in broadly north-trending structural corridors.
Trail-Imperial trend: The historic Trail/Senator mine represents the southern extent of the broadly north-trending Trail-Imperial corridor. The high-grade Imperial Mine represents the northern extent of the 1.0 km long corridor. The Trail/Senator target comprises quartz-rich veins and breccias with associated wall rock hosted quartz-stringers and veinlets. Sampling of dumps and outcrop returned up to 8.61 g/t Au with 133 g/t Ag and 6.4 g/t Au with 43.1 g/t Ag. At Imperial, primarily hosted in quartz monzonite sampling returned up to 30.4 g/t Au with 148 g/t Ag and 16.8 g/t Au with 17.2 g/t Ag. Similar to the parallel Cricket-Accident trend, the Trail-Imperial corridor demonstrated strong prospectivity for high-grade gold and silver mineralization along north-trending structural corridors.
Hidden Treasure-Chromo trend: The Hidden Treasure set of mineralized veins are centered 800 m north of the Gold Note mine and hosted primarily in volcanics and breccias near the contact with granite. Together with the Chromo target (Figure 1), 300 m along strike to the north, the mineralized Hidden Treasure-Chromo trend comprises high-grade gold-bearing breccias with samples up to 44.5 g/t Au and 27.6 g/t Au (7 samples at Hidden Treasure average 15.6 g/t Au and 31 g/t Ag).
Danneburg: The Danneburg group of mineralized vein occurrences, covering a 200 by 150 m area, is centered approximately 3.0 km northeast of the Gold Note mine. Drusy and oxidized veins hosted in silicified and oxidized granite returned up 19.5 g/t Au with 273 g/t Ag and 3.8 g/t Au with 554 g/t Ag in dump material. Further work is required at Danneburg to define the strike-extent of the dominant north- and northwest-striking vein-sets.
Based on the results from the preliminary sampling and prospecting program, an additional 4,000 acres of unpatented mining claims have been acquired through staking. The strategic claims cover all prospective open ground around the Kennedy district.
Next Steps
The extensive mineralized corridors across the Kennedy Project with multiple high-grade targets have not yet seen any systematic modern exploration. A multidisciplinary program consisting of geological mapping, ground geophysics (magnetics and induced polarization) and soil and rock geochemical surveys are planned to refine existing targets and define new drill targets. Follow-up exploration is set to commence this fall.
Analytical and Quality Assurance and Quality Control Procedures
Rock samples were sent to Paragon Geochemical Laboratories in Sparks, Nevada for preparation and analysis. Paragon meets all requirements of International Standards ISO/IEC 17025:2005 and ISO 9001:2015 for analytical procedures. Samples were analyzed for gold via fire assay with an MS finish ("AU-FA30"), and for silver via inductively-coupled plasma, mass spectroscopy (ICP-MS) after four-acid digestion ("48MA-MS"). Samples assaying over 8 ppm Au were re-run via fire assay for Au with a gravimetric finish ("AU-GR30"). Samples that assayed over 100 ppm Ag (0.01%), 1,000 ppm Cu (1%), Zn (1%) and Pb (1%) were re-run via inductively coupled plasma optical emission spectroscopy ("OLMA-OES").
Historical data referenced herein (e.g., rock samples2), including but not limited to assay results and geological interpretations from previous exploration activities, have been sourced from publicly available records, archived reports, and third-party databases believed to be reliable. However, Silver47 has not independently verified this historical data through resampling, re-assaying, or other confirmatory methods. As such, the Company cautions that this historical information has not been verified by a Qualified Person. The Company is not treating historical information as current and it is being used to guide exploration only.
Marketing Agreement
Effective September 3, 2025, the Company has engaged Sideways Frequency LLC ("SFLLC") to provide certain marketing services to the Company. Under the agreement, the Company will pay SFLLC $250,000 USD for a 12-month term. The Company may elect to renew or extend the engagement at any point during the term. The marketing services will include, but are not limited to, email campaigns, native advertising, display ads, lead generation, creation of content, strategic planning, digital advertisement placement, and overseeing progress and results of digital campaigns. The Company has granted 80,000 stock options to SFLLC at a strike price of $0.83 with a three-year term. The options vest quarterly over a period of one year.
SFLLC is based in Utah, USA and is at arm's length to the Company. SFLLC and its principals have no present, direct or indirect interest in the Company or its securities, nor any right or present intention to acquire such an interest except as otherwise provided herein. The agreement and the option grant remain subject to TSX Venture Exchange approval.
Technical Disclosure
The technical content of this news release has been reviewed and approved by Galen McNamara, P. Geo., the CEO of the Company and a qualified person as defined by National Instrument 43-101.
Rock-chip, dump, float and subcrop samples are selective by nature and may not be representative of mineralization across the Kennedy Project.
References
¹Klopstock, Paul (1913) The Kennedy mining district, Nevada, American Institute of Mining Engineers Bulletin, v. 77. p. 1041-1046
2Data reported by West Cirque Resources, WCQ TSX-V NRs September 13, 2011 and November 22, 2011
About Silver47 Exploration
Silver47 Exploration Corp is a mineral exploration company, focused on uncovering and developing silver-rich deposits in North America. The Company is creating a leading high-grade US-focused silver developer with a resource totaling 236 Moz AgEq at 334 g/t AgEq inferred and 10 Moz at 333 g/t AgEq indicated. With operations in Alaska, Nevada and New Mexico, Silver47 Exploration is anchored in America's most prolific mining jurisdictions. For detailed information regarding the resource estimates, assumptions, and technical reports, please refer to the NI 43-101 Technical Report and other filings available on SEDAR at www.sedarplus.ca. The Company trades on the TSXV under the ticker symbol AGA and OTCQB under the ticker symbol AAGAF.
For more information about the Company, please visit www.silver47.ca and see the Technical Report filed on SEDAR+ (www.sedarplus.ca) and titled "Technical Report on the Red Mountain VMS Property Bonnifield Mining District, Alaska, USA with an effective date January 12, 2024, and prepared by APEX Geoscience Ltd."
Follow us on social media for the latest updates:
On Behalf of the Board of Directors
Mr. Galen McNamara
CEO & Director
For investor relations
Giordy Belfiore
604-288-8004
gbelfiore@silver47.ca
No securities regulatory authority has either approved or disapproved of the contents of this release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking information regarding, among other things, the timing, scope and objectives of planned exploration at the Kennedy Project (including mapping, geophysics, geochemical surveys and target generation), potential future drilling, and the anticipated timing of assay results at Red Mountain. Forward-looking information is based on a number of assumptions that, while considered reasonable by management at the date hereof, are inherently subject to business, technical and operational uncertainties. Assumptions include the availability of personnel and equipment, access to the property, receipt of permits and approvals, budget availability, and that historical information compiled will be useful in guiding exploration. Material risk factors that may cause actual results to differ materially include changes in exploration plans; results of field work that differ from expectations; access, permitting or regulatory risks; availability of contractors and laboratory turn-around times; weather; commodity price volatility; and the risks described in the Company's public filings on SEDAR+. The Company does not undertake to update any forward-looking information except as required by applicable securities laws." (meets all four required elements).
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265057
News Provided by Newsfile via QuoteMedia
Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF) ("Silver47" or the "Company") is pleased to announce that, due to strong investor demand, it has entered into an amendment agreement with Research Capital Corporation, as lead agent and sole bookrunner, on behalf of a syndicate of agents including Eventus Capital Corp. and Haywood Securities Inc. (collectively, the "Agents") to increase the size of its previously announced brokered private placement offering to up to 28,572,000 units (each, a "Unit") at a price of $0.70 per Unit, for aggregate gross proceeds of up to $20,000,400 (the "Offering").
Each Unit will be comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant shall be exercisable to acquire one Common Share at a price of $1.00 per Common Share for a period of 36 months from the closing of the Offering.
The Company intends to use the net proceeds of the Offering for further exploration work on the Company's projects and for general working capital purposes.
In addition, the Company has granted the Agents an option (the "Agents' Option") to increase the size of the Offering by up to $3,000,060 by giving written notice of the exercise of the Agent's Option, or a part thereof, to the Company at any time up to 48 hours prior to closing of the Offering. If the Agents' Option is exercised in full, the gross proceeds of the Offering will be $23,000,460.
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Units are being offered for sale to purchasers resident in all provinces of Canada, except Quebec, in reliance on the "listed issuer financing exemption" from the prospectus requirement available under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemptions (the "Listed Issuer Financing Exemption"). The securities offered under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws.
There is an offering document (the "Offering Document") related to the Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.silver47.ca. Prospective investors should read this Offering Document before making an investment decision.
The Company expects to close the Offering on or about September 16, 2025, or such other date as mutually agreed by the Company and the Agents. The Offering remains subject to the satisfaction of certain conditions including the receipt of all necessary regulatory approvals, and the approval of the TSX Venture Exchange.
The Company has agreed to pay to the Agents a cash commission equal to 6% of the gross proceeds of the Offering, subject to a reduction for orders on a president's list. In addition, the Company has agreed to issue to the Agents broker warrants of the Company exercisable for a period of 36 months, to acquire in aggregate that number of common shares of the Company which is equal to 6% of the number of Units sold under the Offering, subject to a reduction for orders on a president's list, at an exercise price of $0.70.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
About Silver47 Exploration
Silver47 Exploration Corp. is a mineral exploration company, focused on uncovering and developing silver-rich deposits in North America. The Company is creating a leading high-grade US-focused silver developer with a combined resource totaling 236 Moz AgEq at 334 g/t AgEq inferred and 10 Moz at 333 g/t AgEq Indicated. With operations in Alaska, Nevada and New Mexico, Silver47 Exploration is anchored in America's most prolific mining jurisdictions. For detailed information regarding the Company's properties, please refer to the technical reports and other filings available on SEDAR at www.sedarplus.ca.
For more information about the Company, please visit www.silver47.ca.
Follow us on social media for the latest updates:
On Behalf of the Board of Directors
Mr. Galen McNamara
CEO & Director
For investor relations
Giordy Belfiore
604-288-8004
gbelfiore@silver47.ca
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the expectation that the Offering will close in the timeframe and on the terms as anticipated by management, that the Offering will be completed at all, and the use of proceeds. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connation thereof.
Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company will complete the Offering in the timeframe and on the terms as anticipated by management, and that the Company will receive all regulatory and Exchange approvals. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the failure to complete the Offering at all or in the timeframe and on the terms as anticipated by management, market conditions and timeliness of regulatory approvals. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263939
News Provided by Newsfile via QuoteMedia
Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF) ("Silver47" or the "Company") is pleased to announce that it has entered into an agreement with Research Capital Corporation, to act as lead agent and sole bookrunner, on behalf of a syndicate of agents including Eventus Capital Corp. and Haywood Securities Inc., in connection with a brokered private placement (the "Offering") of up to 20,000,000 units (each, a "Unit") at a price of $0.70 per Unit, for aggregate gross proceeds of up to $14,000,000.
Each Unit will be comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each whole Warrant shall be exercisable to acquire one Common Share at a price of $1.00 per Common Share for a period of 36 months from the closing of the Offering.
The Company intends to use the net proceeds of the Offering for further exploration work on the Company's projects and for general working capital purposes.
In addition, the Company has granted the Agents an option (the "Agents' Option") to increase the size of the Offering by up to $2,100,000 by giving written notice of the exercise of the Agent's Option, or a part thereof, to the Company at any time up to 48 hours prior to closing of the Offering.
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Units are being offered for sale to purchasers resident in all provinces of Canada, except Quebec, in reliance on the "listed issuer financing exemption" from the prospectus requirement available under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemptions (the "Listed Issuer Financing Exemption"). The securities offered under the Listed Issuer Financing Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws.
There is an offering document (the "Offering Document") related to the Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.silver47.ca. Prospective investors should read this Offering Document before making an investment decision.
The Company expects to close the Offering on or about September 16, 2025, or such other date as mutually agreed by the Company and the Agents. The Offering remains subject to the satisfaction of certain conditions including the receipt of all necessary regulatory approvals, and the approval of the TSX Venture Exchange.
The Company has agreed to pay to the Agents a cash commission equal to 6% of the gross proceeds of the Offering, subject to a reduction for orders on a president's list. In addition, the Company has agreed to issue to the Agents broker warrants of the Company exercisable for a period of 36 months, to acquire in aggregate that number of common shares of the Company which is equal to 6% of the number of Units sold under the Offering, subject to a reduction for orders on a president's list, at an exercise price of $0.70.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
About Silver47 Exploration
Silver47 Exploration Corp. is a mineral exploration company, focused on uncovering and developing silver-rich deposits in North America. The Company is creating a leading high-grade US-focused silver developer with a combined resource totaling 236 Moz AgEq at 334 g/t AgEq inferred and 10 Moz at 333 g/t AgEq Indicated. With operations in Alaska, Nevada and New Mexico, Silver47 Exploration is anchored in America's most prolific mining jurisdictions. For detailed information regarding the Company's properties, please refer to the technical reports and other filings available on SEDAR at www.sedarplus.ca.
For more information about the Company, please visit www.silver47.ca.
Follow us on social media for the latest updates:
X: @Silver47co
LinkedIn: Silver47
On Behalf of the Board of Directors
Mr. Galen McNamara
CEO & Director
For investor relations
Giordy Belfiore
604-288-8004
gbelfiore@silver47.ca
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including the expectation that the Offering will close in the timeframe and on the terms as anticipated by management, that the Offering will be completed at all, and the use of proceeds. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof.
Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company will complete the Offering in the timeframe and on the terms as anticipated by management, and that the Company will receive all regulatory and Exchange approvals. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the failure to complete the Offering at all or in the timeframe and on the terms as anticipated by management, market conditions and timeliness of regulatory approvals. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263859
News Provided by Newsfile via QuoteMedia
USA News Group News Commentary
Issued on behalf of Magma Silver Corp.
USA News Group News Commentary Silver miners are using 2025's price gains to expand operations and make acquisitions, with some analysts calling it the sector's biggest growth cycle in more than a decade. Earlier this year, the Silver Institute predicted 2025 mine output to hit a seven-year high even as silver prices average 44% above the past decade's levels. The silver mining market is projected to reach $42.23 billion by 2032, growing at 8.75% annually. Investors are watching producers such as Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF), Americas Gold and Silver Corporation (NYSE-American: USAS) (TSX: USA ), Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF), Coeur Mining, Inc. (NYSE: CDE), and Guanajuato Silver Company (TSXV: GSVR) (OTCQX: GSVRF).
Industry dynamics still favor silver producers, with supply constraints creating what experts call a 'perfect storm' for the sector. Recent quarterly reports show major producers posting double-digit growth , even amid ongoing operational challenges. Silver's dual role as both an industrial metal and a store of value is fueling demand from renewable energy, electronics, and investors, putting miners in a strong position.
Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF) has commenced its Q3 work program at the strategically positioned Niñobamba project in Peru , marking a decisive step toward the company's planned Q4 2025 diamond drilling campaign. The current field program is designed to refine drill targets and expand technical knowledge of the mineralized zones at Jorimina and Randypata, where mining giant Newmont previously invested millions in historic exploration.
Magma's team is now on site, running geological mapping and rock sampling to refine drill targets. The program is led by Senior Geologist Edgar Leon and overseen by Jeffrey Reeder , P.Geo., who together bring decades of experience in Peru's mining sector.
"We are excited to advise that our exploration team is now on site at the advanced Niñobamba silver-gold project," said Stephen Barley , Chairman and CEO of Magma Silver . "The program will focus on the Jorimina and Randypata areas. The work being carried out will assist in refining drill targets for our planned Q4 drill program and expand our overall technical knowledge of the style and extent of the mineralized zones."
The timing aligns strategically with silver's strong market momentum, as multiple investment banks have converged on $40 price targets for the metal. Magma's systematic approach to target refinement builds upon over CAD$10 million in historic exploration by Newmont , which returned compelling results including 17.4 metres of 3.06 g/t gold and 128 metres of 1.31 oz/t silver from the Jorimina area.
The company expects to wrap up its pre-drilling work and release rock sample results by the end of Q3 2025. Drilling at Jorimina is slated to commence in Q4 2025, with initial results expected before year-end. Additionally, Magma is actively reviewing potential acquisitions to broaden its exposure to silver and gold assets, signaling expansion beyond its flagship Peru project.
These crucial access rights were secured through a surface access rights agreement with the Comunidad Campesina De Tunsulla , which remains in good standing through the 2025 season and into 2026.
The broader Niñobamba project encompasses 4,100 hectares and is anchored by three contiguous areas—Main, Randypata, and Jorimina—believed to form part of an extensive high-sulfidation epithermal system with significant untapped potential. The company's strategy centers on applying modern targeting techniques to ground previously tested by majors like Newmont and AngloGold .
"The establishment of an experienced operations team we can trust will make a significant contribution to our success in Peru ," added Barley in a previous release . " Peru is a sophisticated, mining-friendly jurisdiction with detailed regulatory requirements that must be strictly adhered to. The experienced team we are involved with will ensure smooth operations for Magma ."
With just over 34 million shares outstanding and claims secured through mid-2026, Magma is shifting from asset assembly to active exploration in one of South America's most mining-friendly regions.
CONTINUED… Read this and more news for Magma Silver at:
In other industry developments and happenings in the market include:
Americas Gold and Silver Corporation (NYSE-American: USAS) (TSX: USA ) has reported high-grade 149 vein extension results at its Galena Complex, including 24,913 g/t silver and 16.9% copper over 0.61 metres within a broader 3.05-metre interval. The intercept represents one of the highest-grade silver values ever recorded at the property and demonstrates the exceptional potential of the underground mining complex. These results significantly expand the known mineralization footprint and confirm the continuity of high-grade zones.
"This intercept represents one of the highest-grade silver intercepts in Galena's history and demonstrates the exceptional high-grade potential that exists in the underground workings," said Paul Andre Huet , Chairman and CEO of Americas Gold and Silver . "The results confirm our thesis that significant high-grade mineralization remains to be discovered in the underground workings, and we continue to focus our efforts on unlocking this potential through systematic exploration and development."
The company continues to advance its aggressive development strategy at Galena, targeting increased production rates and reduced unit costs. With strong financial backing and proven high-grade mineralization, Americas is positioned to significantly expand its silver production profile.
Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF) has unveiled multiple premier exploration targets with strong discovery potential across its Red Mountain project in Alaska , identifying 16 distinct target areas through comprehensive geological analysis. The company's systematic approach has revealed significant silver-bearing mineralization across multiple zones, with historical samples returning grades up to 2,340 g/t silver. These targets represent a substantial expansion of the known mineralized footprint and provide multiple drill-ready opportunities.
"The comprehensive target generation work has identified 16 distinct target areas across the Red Mountain project, each with strong discovery potential," said Gary Thompson , CEO of Silver47 Exploration . "This systematic approach has significantly expanded our understanding of the mineralized system and provides us with multiple high-priority drill targets for our upcoming exploration programs."
The company is advancing toward a major drilling campaign designed to test these high-priority targets systematically. With permits in place and a clear exploration strategy, Silver47 is positioned to unlock the significant silver potential across its expansive Alaskan property.
Coeur Mining, Inc. (NYSE: CDE) reported second quarter 2025 results with silver production of 3.7 million ounces and total production of 196,978 gold equivalent ounces, demonstrating solid operational performance across its portfolio. The company generated $188.1 million in revenue during the quarter, with strong contributions from both its gold and silver operations. Coeur's diversified asset base continues to deliver consistent cash flow and production growth.
"We delivered another solid quarter of operational and financial performance, producing nearly 197,000 gold equivalent ounces and generating $188 million in revenue," said Mitchell Krebs , President and CEO of Coeur Mining . "Our diversified portfolio of assets continues to perform well, and we remain focused on optimizing operations while advancing our growth projects."
The company maintains its full-year production guidance and continues to advance development projects across its portfolio. With a strong balance sheet and proven operational capabilities, Coeur is well-positioned to capitalize on favorable precious metals pricing.
Guanajuato Silver Company (TSXV: GSVR) (OTCQX: GSVRF) has received a key permit at its Pinguico Mine, clearing the path for expanded underground development and increased silver production. The company also closed a C$18 million financing to fund operations and development activities across its Mexican silver properties. These developments position the company to accelerate production growth and expand its resource base.
"This permit represents a significant milestone for Guanajuato Silver as it will allow us to expand our underground development and increase our silver production capacity at Pinguico," said James Anderson , Chairman and CEO of Guanajuato Silver . "Combined with our recent financing, we now have the permits and capital necessary to execute our growth strategy."
The company is focused on ramping up production across its portfolio of Mexican silver mines. With fresh capital and regulatory approvals in place, Guanajuato Silver is positioned to deliver meaningful production growth in the near term.
Article Source: https://usanewsgroup.com/2025/06/04/mining-giants-missed-the-big-prize-a-juniors-back-for-the-precious-metals/
CONTACT:
USA NEWS GROUP
info@usanewsgroup.com
(604) 265-2873
DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This content is being distributed for Baystreet.ca media Corp, who has been paid a fee for an advertising contract with Magma Silver Corp. MIQ has not been paid a fee for Magma Silver Corp. advertising or digital media, but the owner/operators of MIQ also co-own Baystreet.ca Media Corp. ("BAY") There may also be 3rd parties who may have shares of Magma Silver Corp. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ/BAY does not own any shares of Magma Silver Corp. but reserve the right to buy and sell and will buy and sell shares of Magma Silver Corp. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by Magma Silver Corp. Technical information relating to and published by Magma Silver Corp. has been reviewed and approved by Jeffrey Reeder , PGeo, a Qualified Person as defined by National Instrument 43-101. Mr. Reeder is a Technical Advisor of Magma Silver Corp., and therefore is not independent of the Company; this is a paid advertisement, we currently do not own any shares of Magma Silver Corp. but will likely buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles.
While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
Logo - https://mma.prnewswire.com/media/2603685/5475276/USA_News_Group_Logo.jpg
View original content to download multimedia: https://www.prnewswire.com/news-releases/silver-mining-sector-emerges-as-clear-winner-amid-production-expansion-wave-302537840.html
SOURCE USA News Group
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/August2025/25/c3906.html
News Provided by Canada Newswire via QuoteMedia
USA News Group News Commentary
Issued on behalf of Magma Silver Corp.
USA News Group News Commentary Silver miners are using 2025's price gains to expand operations and make acquisitions, with some analysts calling it the sector's biggest growth cycle in more than a decade. Earlier this year, the Silver Institute predicted 2025 mine output to hit a seven-year high even as silver prices average 44% above the past decade's levels. The silver mining market is projected to reach $42.23 billion by 2032, growing at 8.75% annually. Investors are watching producers such as Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF), Americas Gold and Silver Corporation (NYSE-American: USAS) (TSX: USA ), Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF), Coeur Mining, Inc. (NYSE: CDE), and Guanajuato Silver Company (TSXV: GSVR) (OTCQX: GSVRF).
Industry dynamics still favor silver producers, with supply constraints creating what experts call a 'perfect storm' for the sector. Recent quarterly reports show major producers posting double-digit growth , even amid ongoing operational challenges. Silver's dual role as both an industrial metal and a store of value is fueling demand from renewable energy, electronics, and investors, putting miners in a strong position.
Magma Silver Corp. (TSXV: MGMA) (OTCQB: MAGMF) has commenced its Q3 work program at the strategically positioned Niñobamba project in Peru , marking a decisive step toward the company's planned Q4 2025 diamond drilling campaign. The current field program is designed to refine drill targets and expand technical knowledge of the mineralized zones at Jorimina and Randypata, where mining giant Newmont previously invested millions in historic exploration.
Magma's team is now on site, running geological mapping and rock sampling to refine drill targets. The program is led by Senior Geologist Edgar Leon and overseen by Jeffrey Reeder , P.Geo., who together bring decades of experience in Peru's mining sector.
"We are excited to advise that our exploration team is now on site at the advanced Niñobamba silver-gold project," said Stephen Barley , Chairman and CEO of Magma Silver . "The program will focus on the Jorimina and Randypata areas. The work being carried out will assist in refining drill targets for our planned Q4 drill program and expand our overall technical knowledge of the style and extent of the mineralized zones."
The timing aligns strategically with silver's strong market momentum, as multiple investment banks have converged on $40 price targets for the metal. Magma's systematic approach to target refinement builds upon over CAD$10 million in historic exploration by Newmont , which returned compelling results including 17.4 metres of 3.06 g/t gold and 128 metres of 1.31 oz/t silver from the Jorimina area.
The company expects to wrap up its pre-drilling work and release rock sample results by the end of Q3 2025. Drilling at Jorimina is slated to commence in Q4 2025, with initial results expected before year-end. Additionally, Magma is actively reviewing potential acquisitions to broaden its exposure to silver and gold assets, signaling expansion beyond its flagship Peru project.
These crucial access rights were secured through a surface access rights agreement with the Comunidad Campesina De Tunsulla , which remains in good standing through the 2025 season and into 2026.
The broader Niñobamba project encompasses 4,100 hectares and is anchored by three contiguous areas—Main, Randypata, and Jorimina—believed to form part of an extensive high-sulfidation epithermal system with significant untapped potential. The company's strategy centers on applying modern targeting techniques to ground previously tested by majors like Newmont and AngloGold .
"The establishment of an experienced operations team we can trust will make a significant contribution to our success in Peru ," added Barley in a previous release . " Peru is a sophisticated, mining-friendly jurisdiction with detailed regulatory requirements that must be strictly adhered to. The experienced team we are involved with will ensure smooth operations for Magma ."
With just over 34 million shares outstanding and claims secured through mid-2026, Magma is shifting from asset assembly to active exploration in one of South America's most mining-friendly regions.
CONTINUED… Read this and more news for Magma Silver at:
In other industry developments and happenings in the market include:
Americas Gold and Silver Corporation (NYSE-American: USAS) (TSX: USA ) has reported high-grade 149 vein extension results at its Galena Complex, including 24,913 g/t silver and 16.9% copper over 0.61 metres within a broader 3.05-metre interval. The intercept represents one of the highest-grade silver values ever recorded at the property and demonstrates the exceptional potential of the underground mining complex. These results significantly expand the known mineralization footprint and confirm the continuity of high-grade zones.
"This intercept represents one of the highest-grade silver intercepts in Galena's history and demonstrates the exceptional high-grade potential that exists in the underground workings," said Paul Andre Huet , Chairman and CEO of Americas Gold and Silver . "The results confirm our thesis that significant high-grade mineralization remains to be discovered in the underground workings, and we continue to focus our efforts on unlocking this potential through systematic exploration and development."
The company continues to advance its aggressive development strategy at Galena, targeting increased production rates and reduced unit costs. With strong financial backing and proven high-grade mineralization, Americas is positioned to significantly expand its silver production profile.
Silver47 Exploration Corp. (TSXV: AGA,OTC:AAGAF) (OTCQB: AAGAF) has unveiled multiple premier exploration targets with strong discovery potential across its Red Mountain project in Alaska , identifying 16 distinct target areas through comprehensive geological analysis. The company's systematic approach has revealed significant silver-bearing mineralization across multiple zones, with historical samples returning grades up to 2,340 g/t silver. These targets represent a substantial expansion of the known mineralized footprint and provide multiple drill-ready opportunities.
"The comprehensive target generation work has identified 16 distinct target areas across the Red Mountain project, each with strong discovery potential," said Gary Thompson , CEO of Silver47 Exploration . "This systematic approach has significantly expanded our understanding of the mineralized system and provides us with multiple high-priority drill targets for our upcoming exploration programs."
The company is advancing toward a major drilling campaign designed to test these high-priority targets systematically. With permits in place and a clear exploration strategy, Silver47 is positioned to unlock the significant silver potential across its expansive Alaskan property.
Coeur Mining, Inc. (NYSE: CDE) reported second quarter 2025 results with silver production of 3.7 million ounces and total production of 196,978 gold equivalent ounces, demonstrating solid operational performance across its portfolio. The company generated $188.1 million in revenue during the quarter, with strong contributions from both its gold and silver operations. Coeur's diversified asset base continues to deliver consistent cash flow and production growth.
"We delivered another solid quarter of operational and financial performance, producing nearly 197,000 gold equivalent ounces and generating $188 million in revenue," said Mitchell Krebs , President and CEO of Coeur Mining . "Our diversified portfolio of assets continues to perform well, and we remain focused on optimizing operations while advancing our growth projects."
The company maintains its full-year production guidance and continues to advance development projects across its portfolio. With a strong balance sheet and proven operational capabilities, Coeur is well-positioned to capitalize on favorable precious metals pricing.
Guanajuato Silver Company (TSXV: GSVR) (OTCQX: GSVRF) has received a key permit at its Pinguico Mine, clearing the path for expanded underground development and increased silver production. The company also closed a C$18 million financing to fund operations and development activities across its Mexican silver properties. These developments position the company to accelerate production growth and expand its resource base.
"This permit represents a significant milestone for Guanajuato Silver as it will allow us to expand our underground development and increase our silver production capacity at Pinguico," said James Anderson , Chairman and CEO of Guanajuato Silver . "Combined with our recent financing, we now have the permits and capital necessary to execute our growth strategy."
The company is focused on ramping up production across its portfolio of Mexican silver mines. With fresh capital and regulatory approvals in place, Guanajuato Silver is positioned to deliver meaningful production growth in the near term.
Article Source: https://usanewsgroup.com/2025/06/04/mining-giants-missed-the-big-prize-a-juniors-back-for-the-precious-metals/
CONTACT:
USA NEWS GROUP
info@usanewsgroup.com
(604) 265-2873
DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This content is being distributed for Baystreet.ca media Corp, who has been paid a fee for an advertising contract with Magma Silver Corp. MIQ has not been paid a fee for Magma Silver Corp. advertising or digital media, but the owner/operators of MIQ also co-own Baystreet.ca Media Corp. ("BAY") There may also be 3rd parties who may have shares of Magma Silver Corp. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ/BAY does not own any shares of Magma Silver Corp. but reserve the right to buy and sell and will buy and sell shares of Magma Silver Corp. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by Magma Silver Corp. Technical information relating to and published by Magma Silver Corp. has been reviewed and approved by Jeffrey Reeder , PGeo, a Qualified Person as defined by National Instrument 43-101. Mr. Reeder is a Technical Advisor of Magma Silver Corp., and therefore is not independent of the Company; this is a paid advertisement, we currently do not own any shares of Magma Silver Corp. but will likely buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles.
While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
Logo - https://mma.prnewswire.com/media/2603685/5475276/USA_News_Group_Logo.jpg
View original content to download multimedia: https://www.prnewswire.com/news-releases/silver-mining-sector-emerges-as-clear-winner-amid-production-expansion-wave-302537840.html
SOURCE USA News Group
News Provided by PR Newswire via QuoteMedia
Before discovering what the highest silver price was, it’s worth looking at how the precious metal is traded. Knowing the mechanics can be useful in understanding why and how its price changes on a day-to-day basis and beyond.
Put simply, silver bullion is traded in dollars and cents per ounce, with market activity taking place worldwide at all hours, resulting in a live silver price. Key commodities markets like New York, London and Hong Kong are just a few locations where investors trade the metal. London is seen as the center of physical silver trade, while the COMEX division of the New York Mercantile Exchange, called the NYMEX, is where most paper trading is done.
There are two popular ways to invest in silver. The first is through purchasing silver bullion products such as bullion bars, bullion coins and silver rounds. Physical silver is sold on the spot market, meaning that in order to invest in silver this way, buyers pay a specific price for the metal — the silver price per ounce — and then have it delivered immediately.
The second is accomplished through paper trading, which is done via the silver futures market, with participants entering into futures contracts for the delivery of silver at an agreed-upon price and time. In such contracts, two positions can be taken: a long position to accept delivery of the metal or a short position to provide delivery.
Paper trading might sound like a strange way to get silver exposure, but it can provide investors with flexibility that they wouldn’t get from buying and selling bullion. The most obvious advantage is perhaps the fact that trading in the paper market means silver investors can benefit long term from holding silver without needing to store it. Furthermore, futures trading can offer more financial leverage in that it requires less capital than trading in the physical market.
Market participants can also invest in silver through exchange-traded funds (ETFs). Investing in a silver ETF is similar to trading a stock on an exchange, and there are several silver ETFs to choose from. Some ETFs focus on physical silver bullion, while others focus on silver futures contracts. Still others focus on the silver stocks or follow the live silver price.
The silver all-time high was US$49.95 per ounce, a level it reached on January 17, 1980.
However, the price didn’t exactly reach that level by honest means. As Britannica explains, two wealthy traders called the Hunt brothers attempted to corner the market by buying not only physical silver, but also silver futures — they took delivery of those silver futures contracts instead of taking legal tender in the form cash settlements.
Their exploits ultimately ended in disaster: On March 27, 1980, they missed a margin call and the silver market price plunged to US$10.80. This day is infamously known as Silver Thursday.
That record silver price wouldn’t be tested again until April 2011, when it reached US$47.94. This was more than triple the 2009 average silver price of US$14.67, with the price uptick coming on the back of very strong investment demand.
After its 2011 peak, silver's price pulled back over the following years before settling between US$15 and US$20 for much of the second half of last decade. An upward trend in the silver price started in mid-2020, when it was spurred on by the economic uncertainty surrounding the COVID-19 pandemic. The price of silver breached the key US$26 level in early August 2020, and soon after tested US$30. However, it failed to make substantial progress past that.
Silver price chart, September 2, 2005, to September 2, 2025.
Chart via SilverPrice.org.
In the spring of 2023, the silver price surged by 30 percent, briefly rising above US$26 in early May; however, the precious metal cratered back down to US$20.90 in early October. Later that month, silver advanced toward the US$23 level on the back of safe-haven demand due to the outbreak of the Israel-Hamas war.
Following remarks from US Federal Rerserve Chair Jerome Powell, speculation about interest rate reductions sent the price of silver to US$25.48 on November 30, its highest point for the fourth quarter.
After starting 2024 on a low note, the white metal saw gains in March on rising Fed rate cut expectations. The resulting upward momentum led silver to reach a Q1 high of US$25.62 on March 20 before breaking through the US$30 mark on May 17. The silver price reached a then 12 year high of US$32.33 on May 20. In Q3, the metal's price slid down below the US$27 mark to as low as US$26.64 by August 7 alongside its industrial cousin copper.
Heading into Q4 2024, silver reversed course to the upside, tracking the record breaking moves in the gold price. Silver once again breached the US$30 level on September 13 and continued higher. On October 21, the silver price moved as high as US$34.20 during the trading day, up more than 48 percent since the start of the year and its highest level in 12 years. However, silver spent the rest of the year in decline, bottoming out at US$28.94 on December 30.
The silver price experienced a momentum shift at the start of 2025, breaking through the US$30 barrier as early as January 5, and reached US$31.31 by January 29. The metal continued to post gains through much of February and March, climbing to US$32.94 on February 20 and then peaking at its quarterly high of US$34.21 on March 28.
Silver price chart, September 2, 2024, to September 2, 2025.
Chart via Silverprice.org.
Following US President Donald Trump's tariff announcements on April 2, silver slumped to below US$30. While the Trump administration’s tariff policies have been largely beneficial for safe-haven assets like precious metals, there were concerns that the threat of tariffs could weaken industrial demand, which could cool price gains in the silver market.
Yet those concerns were pushed to the back burner as recent economic and geopolitical events have raised analysts’ expectations of a September rate cut by the Fed. The benchmark rate has not changed since November 2024.
On June 5, the silver price rose to a 13 year high of US$36.05 in early morning trading, before retreating toward the US$35.50 mark. By June 16, the white metal had broken through the US$37 mark for the first time since May 2011.
In July, increasing geopolitical strife in the Middle East and Russia-Ukraine coupled with a positive outlook for China’s solar power industry proved price positive for both silver’s precious metals and industrial angles.
The silver price overtook the US$39 level to reach US$39.24 on July 22.
These same forces, coupled with the nearly unanimous rate cut expectations, launched the price of silver to over US$40 on August 31 for the first time since 2011, and by September 3 it had climbed as high as US$41.45.
Market watchers are curious as to whether the silver price will continue its upward trajectory in 2025. Only time will tell, and it will depend on the white metal's ability to remain above the critical US$30 level.
Like other metals, the silver spot price is most heavily influenced by supply and demand dynamics. However, as the information above illustrates, the silver price can be highly volatile. That's partially due to the fact that the metal is subject to both investment and industrial metal demand within global markets.
In other words, it’s bought by investors who want it as a store of wealth, as well as by manufacturers looking to use it for different applications that are incredibly varied. For example, silver has diverse technological applications and is used in devices like batteries and catalysts, but it’s also used in medicine and in the automotive industry.
In terms of supply, the world’s three top producers of the metal are Mexico, China and Peru. Even in those countries silver is usually a by-product — for instance, a mine producing primarily gold or lead might also have silver output.
The Silver Institute's latest World Silver Survey, put together by Metals Focus, outlines a 0.9 percent increase in global mine production to 819.7 million ounces in 2024. This was in partly the result of a return to operations at Newmont's (TSX:NGT,NYSE:NEM,ASX:NEM) Peñasquito mine in Mexico following a suspension of activity brought about by strike action among workers and improved recoveries out of Fresnillo (LSE:FRES,OTC Pink:FNLPF) and MAG Silver's (TSX:MAG,NYSEAMERICAN:MAG) Juanicipio. Silver output also increased in Australia, Bolivia and the US.
The firm is forecasting a 1.9 percent rise in global silver mine production to 823 million ounces in 2025. Much of that growth is expected to come out of Mexico, and it is also projecting output will rise in Chile and Russia.
Lower production from Australia and Peru will offset some of these gains.
Looking at demand, Metals Focus sees growth in 2025 flatlining as industrial fabrication takes a hit from the global tariff war. This could be tempered by an anticipated rebound in demand from physical investment in silver bars and coins.
The silver market is expected to experience a substantial deficit of 117.6 million ounces in 2025, amounting to the sixth straight year of supply shortage for the metal.
As a final note on silver, it’s important for investors to be aware that manipulation of prices is a major issue in the space.
For instance, in 2015, 10 banks were hit in a US probe on precious metals manipulation. Evidence provided by Deutsche Bank (NYSE:DB) showed “smoking gun” proof that UBS Group (NYSE:UBS), HSBC Holdings (NYSE:HSBC), the The Bank of Nova Scotia (TSX:BNS) and other firms were involved in rigging silver rates from 2007 to 2013. In May 2023, a silver manipulation lawsuit filed in 2014 against HSBC and the Bank of Nova Scotia was dismissed by a US court.
JPMorgan Chase & Co. (NYSE:JPM) has been long at the center of silver manipulation claims as well. For years the firm has been in and out of court for the accusations. In 2020, JPMorgan agreed to pay US$920 million to resolve federal agency probes regarding the manipulation of multiple markets, including precious metals.
In 2014, the London Silver Market Fixing stopped administering the London silver fix, which had been used for over a century to fix the price of silver. It was replaced by the LBMA Silver Price, which is run by ICE Benchmark Administration, in a bid to increase market transparency.
Market watchers like Ed Steer have said that the days of silver manipulation are numbered, and that the market will see a significant shift when the time finally comes.
While silver has neared US$50 multiple times, including its all-time high, it’s anyone’s guess whether it will reach those heights once again. Many commentators say prospects are bright for silver, and investors will no doubt be watching to see how the metal fares.
This is an updated version of an article first published by the Investing News Network in 2015.
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Melissa Pistilli, currently hold no direct investment interest in any company mentioned in this article.
Silver price chart, June 1 to September 2, 2025.
Chart via the Investing News Network.
Alongside silver's move, the gold price reached a fresh all-time high on Tuesday as expectations rose that the Fed will cut interest rates when it meets next from September 16 to 17.
Although inflation has been moving further from the Fed’s 2 percent target, there has been greater uncertainty in the labor force. July’s nonfarm payroll report indicated slowing growth in the jobs market and featured a downward revision of 258,000 fewer jobs in May and June combined. The next report, due on Friday (September 5), has analysts predicting further weakness in the US jobs market, with expectations of 73,000 jobs being added to the economy.
A weak jobs market has been fueled by uncertainty within the economy since the start of the year amid an ever-changing tariff policy under President Donald Trump. On August 29, a federal appeals court struck down the majority of Trump’s tariffs in a seven-to-four ruling, deeming the levies to be unconstitutional.
The tariffs will remain in place until October 14, giving the White House time to mount an appeal of the decision with the Supreme Court of the US. The order adds another level of uncertainty to an already chaotic market, pushing 10 and 30 year bond yields up and driving a selloff in equity markets. Investors are spooked that the ruling may require the government to repay tariffs that have already been collected, adding to the ballooning US federal debt.
The silver price is also benefiting from the high gold price, as some investors look for safe-haven assets at lower entry points. Additionally, silver has increasing industrial applications, which have driven a structural supply deficit in the market, providing underlying fundamental support for investors.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
Cobre (ASX:CBE) is advancing copper-silver exploration in Botswana’s Kalahari Copper Belt, one of the world’s most prospective yet underexplored sediment-hosted copper provinces. Holding a 5,348 sq km land position, its near-term focus is the Ngami Copper Project (NCP), where a maiden JORC resource at the Comet deposit establishes an initial copper-silver resource with strong in-situ copper recovery (ISCR) development potential.
Cobre’s growth strategy balances district-scale discovery with development-ready assets. Backed by up to AU$40 million (US$25 million) in BHP funding, the company is accelerating exploration at Kitlanya while directing its own capital toward advancing the Ngami Copper Project through technical, environmental and permitting milestones.
Cobre’s project location in the Kalahari Copper BeltIn parallel, Cobre maintains strategic exposure to high-purity quartz and volcanogenic massive sulphide (VMS) opportunities in Western Australia. This diversified, capital-light approach is designed to drive shareholder value through discovery, de-risking and development optionality.
This Cobre Limited profile is part of a paid investor education campaign.*
Click here to connect with Cobre Limited (ASX:CBE) to receive an Investor Presentation