Summa Silver Stock Price, News & Analysis

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.

Summa Silver Corp. (SSVR) has announced its first mineral resource estimates for two US silver projects. The Hughes Project in Nevada shows Indicated Resources of 10.47M silver equivalent ounces (AgEq) at 332 g/t AgEq and Inferred Resources of 33.42M AgEq ounces at 418 g/t AgEq, plus additional 2.74M AgEq ounces in tailings. The Mogollon Project in New Mexico contains Inferred Resources of 32.08M AgEq ounces at 367 g/t AgEq.

Both projects demonstrate significant expansion potential, with Hughes featuring a 4km unexplored extension of the Tonopah Mining District, and Mogollon covering only 2.4km of 77km of known vein structure. The company's drilling discovery costs average $0.29 per AgEq ounce, with each drill hole adding an average of 915,291 AgEq ounces to inventory. Step-out drilling is currently underway at Hughes Project.