Welcome to our dedicated page for Silver Valley Metals news (Ticker: SVMFF), a resource for investors and traders seeking the latest updates and insights on Silver Valley Metals stock.
Silver Valley Metals Corp (SVMFF) provides investors with centralized access to official news and developments from this strategic mineral exploration company. Track all press releases and updates related to silver, lithium, and potash projects across North America.
This resource delivers timely information on resource estimates, partnership agreements, and exploration progress across key assets including the Mexi-Can Lithium/Potash project and historic Idaho mining claims. Investors gain critical insights into brownfield development strategies and non-dilutive financing approaches.
Discover updates categorized for quick scanning:
• Project Milestones: Drilling results and resource expansion at Mexi-Can
• Strategic Transactions: Asset management moves like the Silver Dollar partnership
• Financial Updates: Capital structure optimization efforts
• Exploration Techniques: Advanced geological methods in historic districts
Bookmark this page for verified updates directly from corporate filings and authorized news sources. Monitor how SVMFF leverages historical data and modern exploration to advance mineral resources while maintaining shareholder value.
Silver Valley Metals Corp. (TSXV: SILV) (OTCQB: SVMFF) has closed the sale of its Ranger-Page Project in northern Idaho to Silver Dollar Resources. The transaction includes:
- CAD$300,000 cash payment
- 6,000,000 Silver Dollar shares at CAD$0.30 per share
- Total consideration of CAD$2,100,000
- Potential future royalties on the Government Gulch (0.5%) and Page Mine (1%) properties
This sale allows Silver Valley to avoid capital dilution while maintaining upside potential. The company will now focus on its Mexi-Can lithium project in Mexico and seek new opportunities. Silver Dollar assumes remaining obligations for both properties, including exploration expenditures and option payments.
Silver Valley Metals Corp. (TSXV: SILV) (OTCQB: SVMFF) has announced the sale of its Ranger-Page Project in Idaho, USA to Silver Dollar Resources. The asset purchase agreement, signed on July 12, 2024, includes the transfer of option rights under the Government Gulch and Page Mine agreements. This strategic decision allows Silver Valley to:
1. Avoid substantial capital dilution
2. Retain certain royalties
3. Gain ~12% equity in Silver Dollar
4. Benefit from Silver Dollar's La Joya project in Mexico
The transaction provides Silver Valley with financial resources to focus on its Mexi-Can lithium/sulphate of potash project and expand its portfolio. This move is expected to relieve the company of ~$2,400,000 CAD in financial obligations over the next 15 months while maintaining potential upside through equity participation and future net smelter returns.
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