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. (SVRSF) generates news primarily around its advanced-stage silver projects in Durango, Mexico, with a focus on the La Parrilla Silver Mine Complex and the San Diego Project. The company’s releases describe La Parrilla as a past-producing operation with a 2,000 tpd mill and multiple underground and open pit mines, and San Diego as one of the largest undeveloped silver assets in Mexico.
News updates often cover technical and operational milestones at La Parrilla, including underground drilling campaigns at the Quebradillas, San Marcos, and Rosarios mines and associated zones. These announcements detail planned metreage, target zones, and geological characteristics such as sulphide replacement bodies, sulphide-bearing fault veins, oxide mineralization, and stockwork or replacement zones. The company also reports on planning for surface exploration and drilling programs on additional targets within the La Parrilla concessions.
Silver Storm’s news flow includes financing and commercial developments, such as its prepaid offtake financing facility with subsidiaries of Samsung C&T, which is tied to future lead-silver and zinc concentrate production from La Parrilla. Corporate and capital markets updates feature items like the company’s graduation to the OTCQX Best Market from the OTCQB Venture Market, changes of auditor, incentive stock option grants, and the completion of its plan of arrangement to acquire Till Capital Corporation.
Investors and followers of SVRSF can use this news page to review project updates, financing arrangements, corporate transactions, and conference participation, all drawn from the company’s own public announcements.
Silver Storm (TSX.V: SVRS | OTCQB: SVRSF) announced a change of auditor effective October 13 and October 21, 2025. The company replaced Dale Matheson Carr-Hilton Labonte LLP with BDO Canada LLP; the Board appointed BDO as auditor effective October 21, 2025 until the next annual meeting.
The Former Auditor resigned at the company’s request, there were no reservations in the Former Auditor’s reports for the two most recent fiscal years, and the company reported no "reportable events" under NI 51‑102. Required letters and the Notice of Change of Auditor were reviewed by the Audit Committee and filed on SEDAR+.
Silver Storm (OTC: SVRSF) entered a definitive offtake prepayment financing with Samsung C&T for the restart of the La Parrilla silver mine complex in Durango, Mexico.
Key terms: a US$7.0 million secured prepaid facility for 18 months at 1‑Month SOFR + 4.75%, six‑month repayment grace period, then equal monthly repayments over 12 months; repayments may be deducted from concentrate sales. Security includes a corporate guarantee, share pledge and first‑ranking security over La Parrilla assets. Samsung has an offtake right for 100% of lead‑silver and zinc concentrates for two years. Proceeds will fund mill rehabilitation, underground development and working capital. Drawdown is subject to customary conditions precedent.
Silver Storm Mining (OTCQB: SVRSF) has announced the grant of incentive stock options to company directors, officers, employees, and consultants. The company has issued 37,000,000 stock options at an exercise price of $0.25 per share, valid for a five-year period. These options vest immediately and are subject to the company's 2020 Amended and Restated Incentive Stock Option Plan, as well as TSX Venture Exchange approval.
Silver Storm Mining (OTCQB: SVRSF) has successfully completed the acquisition of Till Capital Corporation through a court-approved plan of arrangement. Under the deal terms, Till shareholders received 16.360 Silver Storm Units for each Till share, with each unit comprising:
• One Silver Storm common share
• One-quarter warrant (exercise price C$0.25, expiring January 18, 2027)
• One contingent value right (CVR) tied to potential sale proceeds of 33.3% ownership in IG Far East LLC
Following the arrangement, Silver Storm issued 52,211,558 unit shares, 13,052,890 warrants, and 52,211,558 CVRs. The company now has 677,880,831 shares outstanding. Till shares will be delisted from TSXV on July 21, 2025, while Silver Storm continues trading under "SVRS".
Silver Storm Mining (OTCQB: SVRSF) announced that shareholders of Till Capital Corporation (TSX.V:TILL) have approved the previously announced acquisition arrangement. Under the agreement dated May 5, 2025, Silver Storm will indirectly acquire 100% of Till's outstanding common shares through a court-approved plan of arrangement.
The transaction completion remains subject to several conditions, including final approval from the Supreme Court of British Columbia, TSX Venture Exchange approval, and other specified conditions. Till plans to seek the court's final order on July 15, 2025, with an expected closing date of July 17, 2025.
Silver Storm Mining (SVRSF) has filed an NI 43-101 Technical Report for its 100% owned La Parrilla Silver Mine Complex in Durango, Mexico. The updated Mineral Resource estimate shows significant increases with a 107% rise in Indicated Mineral Resources to 10.8 Moz Ag.Eq and a 58% increase in Inferred Mineral Resources to 16.3 Moz Ag.Eq.
Key highlights include:
- Approximately 90% of Indicated and 85% of Inferred resources are sulphide mineralization
- Silver represents 66% of Indicated and 69% of Inferred resource value
- 23 additional mineralized structures identified
- Total all-in exploration cost of US$0.22/oz Ag.Eq discovered
The company also announced a shares-for-debt settlement agreement to issue 4,818,333 common shares at $0.12 per share to settle a $578,200 debt with a drilling service provider.
Silver Storm Mining has announced a significant update to their Mineral Resource estimate at the La Parrilla Silver Mine Complex in Durango, Mexico. The update shows a 107% increase in Indicated Mineral Resources to 10.8 Moz Ag.Eq and a 58% increase in Inferred Mineral Resources to 16.3 Moz Ag.Eq.
Key highlights include:
- Approximately 90% of Indicated and 85% of Inferred Resources are sulphide mineralization
- Silver represents 66% of Indicated and 69% of Inferred Resource value
- 23 additional mineralized structures have been modeled
- Total exploration cost of US$0.22/oz Ag.Eq discovered
The update incorporates 18,626 meters of underground drilling and shows improved grade and thickness at depth. The company completed an exhaustive reinterpretation of mineralized structures, resulting in a 74% increase in interpreted mineralization volume.