Silver Storm Mining Reports 50% Completion of La Parrilla Processing Plant Rehabilitation
TSXV: SVRS | OTCQX: SVRSF | FSE: SVR
Overview
Silver Storm Mining Ltd. provided an update on the progress of processing plant rehabilitation activities at its 100%-owned past-producing La Parrilla Silver Mine Complex ("La Parrilla"), located in Durango State, Mexico. The company reported that the overall rehabilitation of the La Parrilla processing plant has reached 50% completion, marking what management described as an important project milestone on the path to a potential restart of operations in Q2 2026.
La Parrilla is a prolific past-producing complex comprised of a 2,000 tpd mill and three underground mines that collectively produced 34.3 million silver-equivalent ounces between 2005 and 2019. The rehabilitation work spans multiple areas of the processing plant, including the crushing circuit, flotation circuit, oxide circuit, and milling area.
Key Highlights
- Overall processing plant rehabilitation has reached 50% completion, according to the company.
- The primary raw material feed and crushing circuit is nearing completion, with the new vibrating grizzly screen and primary jaw crusher already on site and installation scheduled within the next few weeks.
- Eight new 1,000 ft³ sulphide flotation cells have been set into their respective operating locations. Full installation is expected by the end of Q1 2026, which the company states would expand the sulphide flotation circuit's nominal processing capacity from 1,000 tpd to 1,250 tpd.
- The oxide circuit rehabilitation, involving six leach tanks and seven holding and conditioning tanks, is approximately 40% complete and expected to be finished early in Q2 2026.
- Rehabilitation of three ball mills and supporting infrastructure is underway, including relining, cooling system revamping, and installation of new cyclones and pumps.
Strategic Context
President and CEO Greg McKenzie stated that reaching 50% completion on the processing plant rehabilitation represents an important project milestone as the company advances toward the potential restart of operations at La Parrilla in Q2 2026.
This update follows several recent milestones for Silver Storm. In January 2026, the company commenced a 6,000 metre underground drilling campaign at La Parrilla designed to support the internal mine plan by increasing the Indicated and Inferred resource base. In early February, the company announced the commencement of the sulphide flotation circuit expansion to 1,250 tpd. In late 2025, the company completed a US$7.0 million prepaid offtake facility with Samsung C&T and ordered its full underground mining fleet and ventilation system, with equipment deliveries scheduled for Q1 2026.
What to Watch Next
- Potential restart of operations at La Parrilla targeted for Q2 2026, according to the company.
- Completion of the new flotation cell installation expected by end of Q1 2026, expanding sulphide flotation capacity from 1,000 tpd to 1,250 tpd.
- Oxide circuit rehabilitation expected to be completed early in Q2 2026.
- Results from the ongoing 6,000 metre underground drilling campaign.
- Surface exploration programs planned for 2026 on seven target areas within the La Parrilla concessions.
About Silver Storm Mining Ltd.
Silver Storm Mining Ltd. holds advanced-stage silver projects located in Durango, Mexico. Silver Storm is committed to advancing toward a potential near-term restart of its 100%-owned La Parrilla Silver Mine Complex, a prolific operation comprised of a 2,000 tpd mill and three underground mines. The Company also holds a 100% interest in the San Diego Project, which is among the largest undeveloped silver assets in Mexico. For more information regarding the Company and its projects, please visit www.silverstorm.ca.
ArcStone Financial Pulse Team
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