Silver Storm Mining Sells Non-Core Capped Royalty in Nevada for C$2.18 Million
TSXV: SVRS | OTCQX: SVRSF | FSE: SVR
Overview
Silver Storm Mining Ltd. announced the sale of its non-core capped production gross royalty on the Springer Mine & Mill property in Nevada, USA, for gross proceeds of C$2,183,000 in cash. The Springer Royalty was capped at US$2,500,000.
The company acquired the Springer Royalty as part of its acquisition of 100% of the issued and outstanding common shares of Till Capital Corp. in 2025. According to the company, Till's royalty portfolio consisted of four mining royalties, including the Springer Royalty.
Key Highlights
- Silver Storm sold the Springer Mine & Mill capped production gross royalty in Nevada for C$2,183,000 in cash
- The Springer Royalty was capped at US$2,500,000
- The royalty was acquired through the 2025 acquisition of Till Capital Corp.
- The Till acquisition was completed at a transaction value of C$7,200,000, which incorporated approximately C$6,200,000 in cash held by Till prior to closing, implying a valuation of approximately C$1,000,000 for Till's portfolio of mineral investments and royalties
- Proceeds are intended to add financial flexibility and additional liquidity ahead of the potential restart of operations at La Parrilla
Strategic Context
President and CEO Greg McKenzie stated that the Springer Royalty sale represented an opportunity to monetize a non-core royalty asset while adding financial flexibility and additional liquidity ahead of the potential restart of operations at the La Parrilla Silver Mine Complex in the second quarter of 2026. The sale highlights the embedded value in assets acquired through the Till Capital Corp. transaction, where the implied valuation for the entire portfolio of mineral investments and royalties was approximately C$1,000,000.
What to Watch Next
- Potential restart of operations at the La Parrilla Silver Mine Complex, targeted for the second quarter of 2026
- Expansion of the La Parrilla sulphide flotation circuit to 1,250 TPD, with all eight new flotation cells fabricated and delivered to site
- Remaining royalty assets from the Till Capital Corp. portfolio
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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