Silver Mountain Resources is pleased to announce that it is in the final stages of negotiating a US$10 million prepayment facility with Trafigura PTE Ltd. a leading commodities group. The Company, through its Peruvian subsidiary Sociedad Minera Reliquias, and Trafigura have agreed upon indicative terms and are in the process of preparing definitive documentation for the Facility. The Facility is intended to provide [...]
Silver Mountain Resources is pleased to announce the appointment of Oliver Foeste as Chief Financial Officer of the Company, effectively immediately. Mr. Foeste is the founder and Managing Partner of Invictus Accounting Group LLP and has significant executive, director, finance, and public company compliance experience across a number of industry sectors including mining. Mr. Foeste currently holds strategic CFO roles for [...]
Silver Mountain Resources announces that Alejandra Soto has resigned from her position as Chief Financial Officer of the Company, effective April 30, 2025. Alvaro Espinoza, Chief Executive Officer of the Company commented "On behalf of everyone at Silver Mountain, I want to express our sincere gratitude to Alejandra for her exceptional dedication over the past few years. Her significant contributions have helped position [...]
Silver Mountain Resources is pleased to announce that it will implement a consolidation of its class A common shares in the capital of the Company on the basis of fifteen pre-Consolidation Shares for every one post-Consolidation Share. The Consolidation will take effect at market open on or about March 31, 2025. The Consolidation reduces the number of outstanding Shares from 370,414,877 to approximately 24,694,308 [...]
Silver Mountain Resources is pleased to share an update with its valued shareholders regarding our planned activities for 2025, alongside a review of our significant achievements from 2024. Dear Shareholders and Stakeholders, We are excited to reflect on our notable progress over the past year and outline the exciting plans for Silver Mountain in 2025. Our unwavering mission-to establish Silver Mountain as a leading [...]
Silver Mountain Resources announces that it will hold a special meeting of shareholders on March 6, 2025. The Company has set a record date for the Special Meeting of January 31, 2025. The purpose of the Special Meeting is to seek authorization from the Company's shareholders to enable the Board of Directors to consider a consolidation of all of the Company's issued and outstanding common shares at a ratio of one [...]
Silver Mountain Resources is pleased to announce that it has received confirmation from Peru's Ministry of Energy and Mines that the Company's Reliquias Mine and Caudalosa Plant have been officially classified as ongoing mining operations. This significant designation represents the final governmental approval required for the Company to restart production and processing operations. CEO Alvaro Espinoza shared, "Our [...]
Silver Mountain Resources announces that as a result of a continuous disclosure review by staff of the Ontario Securities Commission, the Company has filed an amended and restated preliminary economic assessment for its Reliquias Mine in central Peru dated October 28, 2024 and with an effective date of May 15, 2024, and a material change report disclosing certain information in respect of the Company's Chief Operating [...]
Silver Mountain Resources announces that is has entered into shares for services agreements with each of its directors, pursuant to which, such directors will receive all or a portion of their director fees for the period from July 1, 2024, to June 30, 2025 in class A common shares of the Company, with the remaining amount, if any, to be satisfied in cash. The Common Shares are expected to be issued [...]
Silver Mountain Resources is pleased to announce that Gerardo Fernandez has been elected as a director of the Company at the Company's annual general meeting of shareholders, which was held on June 27, 2024. All of the Company's other directors were also re-elected at the Meeting. Mr. Fernandez is an experienced mining executive with substantial business and operational experience in the mining industry. Mr. Fernandez is [...]
Silver Mountain Resources is pleased to announce that Peru´s Ministry of Energy and Mines has approved the Reliquias and Caudalosa Mine Closure Plans, a key milestone permit needed to commence production in this historic mining district located in central Peru. Alvaro Espinoza, CEO of Silver Mountain, remarked, "We welcome the approval of the Reliquias and Caudalosa Mine Closure Plans. Our legal, technical, and permitting [...]
Silver Mountain Resources announces that it has filed an independent technical report prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects supporting the previously announced preliminary economic assessment for the Company's 100% owned Reliquias Mine in central Peru. The technical report entitled "NI 43-101 Technical Report: Preliminary Economic Assessment, Reliquias Mine [...]
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