What's Happening?
Silver Storm Mining, a Canadian exploration and resource company, has sold its non-core capped production gross royalty related to the Springer Mine & Mill property in Nevada, generating C$2.18 million in cash proceeds. The Springer royalty was originally acquired through Silver Storm's purchase of Till Capital in 2025. The sale provides Silver Storm with additional liquidity and financial flexibility as it prepares for a potential restart of operations at the La Parrilla Silver Mine Complex in Mexico. The company is also focused on progressing its San Diego Project, one of Mexico's largest undeveloped silver deposits, and has initiated a 6,000-meter underground drilling campaign at the La Parrilla complex.
Why It's Important?
The sale of the Springer Mine royalty
allows Silver Storm to monetize a non-core asset, providing the company with financial resources to support its strategic initiatives. The additional liquidity will aid in the potential restart of operations at the La Parrilla Silver Mine Complex, enhancing the company's production capabilities. Silver Storm's focus on its core assets, such as the San Diego Project and La Parrilla complex, aligns with its long-term growth strategy in the silver mining sector. The company's ability to generate cash from non-core assets while advancing key projects positions it well for future success in the competitive mining industry.
