Silver Valley Metals Corp. reports company developments tied to mineral exploration, project portfolio changes, financing activity and governance. The company is a brownfield exploration issuer associated with the Mexi-Can Lithium-Potash Project in Zacatecas and San Luis Potosi, Mexico, and its updates have addressed Mexican lithium regulation, concession matters and sulphate of potash interests. News also covers capital raises through private placements and warrant units, insider participation under related-party transaction rules, board changes, working-capital use and the completed sale of the Ranger-Page silver-zinc-lead project in northern Idaho.
Silver Valley Metals Corp. announced the appointment of Douglas Dobbs as Corporate Development Director, bringing over 25 years of industry experience. This move comes as the company transitions after acquiring its Ranger-Page project and completing a successful exploration campaign. Plans for an inaugural drilling program in 2023 aim to enhance historic high-grade resources. Additionally, Silver Valley has closed a $0.075 Unit Private Placement Financing raising $967,283.55. The financing involved insider transactions and issued stock options at $0.15 per share. The company owns a 100% interest in lithium and potassium resources in Mexico.
Silver Valley Metals Corp. (SVMFF) is set to undertake a non-brokered private placement of up to 5.55 million units priced at nine cents each, aiming for gross proceeds of $500,000. Each unit consists of one common share and one half of a warrant, with a full warrant allowing purchase at 18 cents within two years. Proceeds will fund exploration at the Ranger-Page project, maintain lithium-sulphate of potash deposits in Mexico, and cover legal disputes related to the mining law amendment in Mexico. The company anticipates significant project advancements in the coming months.
Silver Valley Metals Corp. (OTCQB: SVMFF) announced a $500,000 non-brokered private placement of up to 5.55 million units at nine cents per unit. Each unit consists of one common share and half a warrant exercisable at 18 cents within two years. Proceeds will fund the phase 2 exploration at the Ranger-Page project in Idaho, legal disputes in Mexico regarding lithium deposits, and general working capital. The company is optimistic about upcoming milestones that may benefit shareholders.
Silver Valley Metals Corp. (TSXV: SILV) (OTCQB: SVMFF) announced significant high-grade drill results from the Page Mine at the Ranger-Page Project in Idaho, revealing substantial mineralization at depth. Key highlights include drill hole 34-371_N intercepting 1,960 g/t silver equivalent over 1.60 metres. The Page Mine remains open at depth, with high-grade mineralization extending approximately 17%. The project exhibits a 750-metre strike length, and the company aims to define substantial high-grade resources beyond historical limits. Additionally, the Company holds a lithium-potassium project in Mexico.