Welcome to our dedicated page for Silver Storm news (Ticker: SVRSF), a resource for investors and traders seeking the latest updates and insights on Silver Storm stock.
Silver Storm Mining Ltd. reports developments tied to its silver mining assets, led by the 100%-owned La Parrilla Silver Mine Complex in Durango, Mexico. Company news commonly covers drilling at zones such as San Nicolas, mineralized vein and breccia systems, processing infrastructure, assay and metallurgical laboratory work, and rehabilitation activities at the past-producing complex.
Updates also include governance and leadership changes, operating and financial results, non-core royalty monetization, and technical disclosures reviewed under mining disclosure standards. The recurring news themes center on La Parrilla project execution, exploration results, processing capacity, and corporate actions supporting the company's mining portfolio.
Silver Storm (OTC:SVRSF) closed the second and final tranche of its non-brokered private placement on August 28, 2026, issuing 12,750,000 units at $0.50 for gross proceeds of $6.38 million. Combined with the first tranche, the company issued 42,000,000 units for total gross proceeds of $21.0 million.
Each unit includes one common share and one-half warrant; each whole warrant allows purchase of a share at $0.70 for 18 months from the Second Tranche closing. Silver Storm paid cash finders’ fees of $136,918.50 (3.0% of applicable proceeds) and plans to use net proceeds mainly for surface and underground drilling at the La Parrilla Silver Mine Complex and for working capital. The placement used prospectus exemptions in Canada, Rule 144A/Reg D in the U.S., carries a four-month-plus-one-day hold period, and has conditional TSX Venture Exchange approval.
Silver Storm Mining (OTCQB:SVRSF) closed the first tranche of its non-brokered private placement, issuing 29,250,000 Units at $0.50 each for gross proceeds of $14,625,000. Each Unit includes one common share and one-half warrant, with each whole warrant exercisable at $0.70 for 18 months.
The offering has been further upsized from 30,000,000 to up to 42,000,000 Units, for potential gross proceeds of up to $21,000,000. Net proceeds are intended for drilling at the La Parrilla Silver Mine Complex and general working capital. Eric Sprott, through 2176423 Ontario, subscribed for 15,000,000 Units ($7,500,000), bringing his holdings to 110,768,929 shares and 20,755,556 warrants, or about 12.9% non-diluted ownership. The first tranche has conditional TSXV approval, with remaining tranches expected on or about August 28, 2026, subject to final approvals.
Silver Storm Mining (OTC:SVRSF) announced a non-brokered private placement of 15,000,000 units at $0.50 per unit to raise $7,500,000, fully subscribed by Eric Sprott through 2176423 Ontario. Each Unit comprises one common share and one-half warrant, with each whole warrant exercisable at $0.70 for 18 months.
No commissions or finders' fees are payable. Silver Storm plans to use net proceeds primarily to fund surface and underground drilling at its La Parrilla Silver Mine Complex in Durango, Mexico, and for general corporate and working capital. Closing is expected on or about August 25, 2026, subject to customary conditions including TSX Venture Exchange approval, and the securities will carry a four month and one day hold period.
The investment by Mr. Sprott, already a significant shareholder holding about 11.6% of outstanding shares, is a related party transaction under MI 61-101. Silver Storm expects to rely on exemptions from formal valuation and minority shareholder approval, as the fair market value of the units and consideration does not exceed 25% of its market capitalization.
Silver Storm Mining (OTCQX:SVRSF) reported new diamond drilling results from the Rosarios Zone at its 100%-owned La Parrilla Silver Mine Complex in Durango, Mexico. Key intercepts include 215 g/t Ag.Eq over 11.9 m in hole IDP-RO-26-004 and 200 g/t Ag.Eq over 15.35 m (ETW 13.3 m) in hole IDP-RO-26-007.
Additional intervals include 297 g/t Ag.Eq over 7.30 m in IDP-RO-26-005, 239 g/t Ag.Eq over 5.90 m in IDP-RO-26-002, and a high-grade 481 g/t Ag.Eq over 1.65 m in IDP-RO-26-008. According to Silver Storm, these infill holes indicate potential to extend Indicated Resources by about 100 m toward surface along a 125 m strike.
The Rosarios Zone remains open along strike and at depth, with mineralization traced over 2 km of strike and 900 m vertically. Underground rehabilitation and development at the past-producing Rosarios mine are underway, and two underground plus one surface drill rig have completed 115 holes (~13,000 m) toward a 15,000 m program.
Silver Storm (OTCQX: SVRSF) announced its first shipment of lead-silver and zinc concentrates from the 100%-owned La Parrilla Silver Mine Complex in Durango, Mexico. The initial shipment comprised 105 dmt of lead-silver concentrate and 70 dmt of zinc concentrate, produced using the sulphide processing circuit and sold under a previously announced offtake prepayment agreement.
According to Silver Storm, this marks La Parrilla’s transition from care and maintenance to a revenue-generating operation. The company plans to increase sulphide circuit throughput, targeting the mine’s nameplate capacity of 1,250 tonnes per day. La Parrilla includes a 2,000 tpd mill and three underground mines.
Silver Storm (OTCQX: SVRSF) reported new diamond drill results from the oxide zones of the past‑producing San Marcos underground mine at its 100%-owned La Parrilla Silver Mine Complex in Durango, Mexico. Key intercepts include 661 g/t Ag.Eq over 3.7 m, 328 g/t Ag.Eq over 15.35 m, and 617 g/t Ag.Eq over 3.9 m, with several higher‑grade sub‑intervals above 900–1,400 g/t Ag.Eq.
According to Silver Storm, infill and exploration drilling at San Marcos indicates potential to extend Indicated Resources by about 100 m and Inferred Resources by about 65 m toward surface along a 425 m strike. Underground rehabilitation is underway, permits are secured for 13 surface drill sites valid for five years, and 93 drill holes totaling ~9,395 m have been completed using two underground rigs and one surface rig.
Silver Storm (TSX.V:SVRS, OTCQX:SVRSF) has started hot commissioning of the sulphide processing circuit at its 100%-owned La Parrilla Silver Mine in Durango, Mexico, using high-grade stockpiles to produce silver-rich lead and zinc concentrates as part of the mine’s operational restart.
The company, together with Samsung C&T Hong Kong and QSSC, amended their concentrate prepayment agreement by extending the grace period for initial principal and arrangement fee payments to September 2026, deferring each subsequent monthly repayment by four months and lengthening the related concentrate supply period to 30 months.
Silver Storm also secured a US$5 million non-revolving unsecured term loan from First Majestic, maturing 36 months after the July 10, 2026 closing, bearing 15% annual interest compounded quarterly, repayable in eight equal quarterly principal instalments starting 15 months after closing, and prepayable at any time without penalty.
Silver Storm (OTCQX:SVRSF) received SEMARNAT permits for 62 surface drill pads and 27 access roads at its 100%-owned La Parrilla silver mine in Durango, Mexico. The 4-year permits cover 24 sites at La Ilusion-Argenis and 32 sites at 14 Marcos and Rosarios-C340.
The company plans about 3,600 m of drilling at C340 and 3,000 m at 14 Marcos. SEMARNAT also extended authorization for the existing tailings storage facility by 10 years, avoiding a 3Q 2026 expiry and supporting operational continuity. Technical information was approved by NI 43-101 Qualified Persons.
Silver Storm (OTCQX:SVRSF, TSX-V:SVRS) reported the first silver-gold doré pour at its 100%-owned La Parrilla Silver Mine Complex in Durango, Mexico, marking the restart of operations.
The pour occurred during commissioning of the oxide processing circuit, which is using open-pit oxide stockpile material. The company expects ongoing doré production and plans to begin commissioning the 1,250 tpd sulphide circuit in June 2026, with an estimated one-month ramp-up. Silver Storm also granted 400,000 stock options at $0.50 per share for five years to officers, employees and consultants under its incentive plan, subject to TSX Venture Exchange acceptance.
Silver Storm (OTCQX:SVRSF) reported 2026 drilling results from the C550 and C535 Zones at the La Parrilla Silver Mine in Mexico and expanded its 2026 drill campaign by 9,000 m.
Results include up to 1,226 g/t Ag.Eq at C550 and 771 g/t Ag.Eq over 9.27 m at C535, with potential extensions to Indicated and Inferred Resources.