Welcome to our dedicated page for Summa Silver news (Ticker: SSVRF), a resource for investors and traders seeking the latest updates and insights on Summa Silver stock.
News and updates for Summa Silver Corp. (OTCQX: SSVRF; TSXV: SSVR) focus on its activities as a junior mineral exploration company with high-grade silver and gold projects in the United States. Company news releases highlight work on the Hughes Project in central Nevada and the Mogollon Project in southwestern New Mexico, both described as historic silver-producing districts that had not seen modern exploration prior to Summa’s involvement.
Readers following SSVRF news will find detailed coverage of exploration results, including drilling programs, rock sampling campaigns, and technical reports prepared under NI 43-101. Summa has reported inaugural and finalized mineral resource estimates for Hughes and Mogollon, and news items often explain the silver equivalent grades, contained metal estimates, and the extent of mineralized zones included in these models.
News flow also covers corporate developments such as the acquisition of the Kennedy Project in Nevada through claim staking, updates on at-the-market equity programs, and option grants to officers, directors, and consultants. A significant portion of recent news relates to the company’s planned at-market merger with Silver47 Exploration Corp., including the arrangement agreement, financing through brokered offerings of subscription receipts, shareholder approval, and court orders supporting the transaction.
For investors and observers, the SSVRF news page provides an organized view of how Summa Silver describes its progress in advancing high-grade silver and gold projects, its evolving mineral resource base, and its transition toward combination with Silver47. Regularly reviewing these releases can help users understand the technical and corporate context behind changes affecting the SSVRF ticker.
Summa Silver Corp. (OTCQX: SSVRF) has secured both shareholder and court approval for its previously announced acquisition by Silver47 Exploration Corp. At the special shareholder meeting on July 24, 2025, an overwhelming 99.75% of votes (44,833,356 shares) were cast in favor of the transaction.
The Supreme Court of British Columbia granted final approval on July 25, 2025. The transaction is expected to close around August 1, 2025, with Summa's shares planned for delisting from TSX Venture Exchange near August 5, 2025. Following completion, Summa will seek to terminate its reporting issuer status under Canadian securities laws.
Silver47 Exploration (TSXV: AGA) and Summa Silver (TSXV: SSVR) have announced a merger to create a premier high-grade silver explorer and developer in the United States. Under the no-premium transaction, Summa shareholders will receive 0.452 Silver47 shares for each Summa share, with Silver47 and Summa shareholders owning 56% and 44% of the combined company respectively. The merged entity will hold significant mineral resources totaling approximately 10 Moz AgEq at 333 g/t AgEq of indicated resources and 236 Moz AgEq at 334 g/t AgEq of inferred resources across projects in Alaska, Nevada, and New Mexico. The combined company will maintain a strong cash position of C$10M plus proceeds from a planned financing, focusing on expanding resources and pursuing strategic acquisitions in tier 1 jurisdictions.
Summa Silver Corp. (SSVR) has announced significant high-grade gold and silver findings from its rock sampling program at the Kennedy Project in Nevada. The program revealed impressive assay results, including 40.4 g/t Au with 232 g/t Ag and 10.9 g/t Au with 724 g/t Ag from the Gold Note target, and 2.9 g/t Au with 759 g/t Ag from the Coyote target.
The project features over 22 km of high-grade gold-silver quartz veins traced at surface, demonstrating substantial discovery potential. The company has completed six deep holes at Hughes, intersecting quartz veins, stockworks, and breccias, with assays pending. The sampling program covered two priority target areas: Gold Note and Coyote, with 23 samples collected in total.
The company is currently digitizing historical mining data and plans a comprehensive exploration program including geological mapping, rock-chip sampling, ground geophysics, and soil-geochemical surveys, followed by drilling.
Summa Silver Corp (TSXV: SSVR) (OTCQX: SSVRF) has announced its fourth annual payment under two amended mining lease agreements for the Mogollon project near Silver City, New Mexico. The company will issue 112,324 common shares at a deemed value of $0.3516 per share, based on the 20-day volume weighted average price on the TSXV.
The amended lease agreements, which allow Summa to lease certain mining claims at Mogollon, have a 10-year term with renewable 10-year extensions at the company's discretion. Annual payments include aggregate cash payments of US$99,067, indexed to the Production Price Index for Industrial Commodities. Summa has the option to pay US$27,018 (PPI-indexed) of the annual amount through common share issuance, subject to TSXV policies.
Summa Silver Corp. (SSVR) has filed technical reports for its two 100% owned US silver projects, detailing mineral resource estimates. The Hughes Project in Nevada shows:
- Indicated Resources: 10.26M silver equivalent ounces (5.81M oz silver, 0.05M oz gold) at 333 g/t AgEq
- Inferred Resources: 32.91M AgEq (15.91M oz silver, 0.19M oz gold) at 421 g/t AgEq
- Tailings Resources: 2.74M AgEq (1.79M oz silver, 0.011M oz gold) at 68 g/t AgEq
The Mogollon Project in New Mexico contains Inferred Resources of 32.08M AgEq (12.12M oz silver, 0.24M oz gold) at 367 g/t AgEq. Calculations use silver at $25/oz and gold at $2100/oz, with recovery rates of 90-97%.
Summa Silver Corp. (SSVR) has acquired the Kennedy Project in Pershing County, Nevada through claim staking, consisting of 99 mineral claims covering approximately 2,000 acres. The project is 100% owned by the company and royalty-free.
The Kennedy Project covers a historic mining district with reported high grades of 15 g/t Au and 311 g/t Ag from past surface oxide mining between 1891 and World War II. The property features approximately 22 km of unmined veins that have not undergone modern exploration.
The company views Kennedy as a potential 1M ounce near-surface gold target. While maintaining focus on its Hughes and Mogollon projects, Summa Silver plans a multi-disciplinary exploration program at Kennedy, including geological mapping, soil sampling, and IP geophysics, with drill testing planned for early 2026.
Summa Silver Corp (TSXV: SSVR) (OTCQX: SSVRF) has announced the approval of 2,400,000 incentive stock options granted to officers, directors, and consultants of the company. The options come with specific terms: they will vest over a two-year period from the grant date, can be exercised at $0.40 per share, and will expire on January 24, 2030.