Silverton Metals Corp. Announces Investor Relations Activities

Rhea-AI Summary

Silverton Metals Corp. (SVTNF) announces its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (DTC) in the U.S. This DTC eligibility aims to streamline trading processes, enhance liquidity, and improve execution speeds for investors. The Canadian company focuses on developing silver projects in Mexico, holding significant assets including Penasco Quemado, La Frazada, and Pluto. The management team emphasizes growth through exploration success, acquisitions, and partnerships, despite the inherent uncertainties typical of mining ventures.

Positive

• DTC eligibility expected to enhance liquidity and trading efficiency.
• Broader access for new investors potentially increases shareholder base.

Negative

• Inherent uncertainties associated with the mining sector and limited operating history.

VANCOUVER, BC, Aug. 12, 2021 /PRNewswire/ -- Silverton Metals Corp. (TSX-V: SVTN) (OTC: SVTNF) ("Silverton" or the "Company") is pleased to announce that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company ("DTC") in the United States.

DTC is a subsidiary of the Depository Trust & Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered to be "DTC eligible". DTC eligibility is expected to simplify the process of trading and enhance liquidity of the Company's common shares in the United States.

With the Company's shares now traded electronically, existing investors benefit from potentially greater liquidity and execution speeds, while we've also opened the door to new investors that may have been previously restricted from our stock.

About Silverton Metals Corp

Silverton Metals Corp is a Canadian company focused on the exploration and development of quality silver projects. The company holds a 100% interest in three significant silver assets in Mexico – Penasco Quemado in Sonora; La Frazada, Nayarit and Pluto, in Durango. Silverton acquired these assets from Silver One Resources, one of the company's largest shareholder. Silverton management and board have extensive experience identifying and evaluating acquisition targets and exploration prospects. The company intends to build a strong portfolio of silver-rich projects to drive future growth by exploration success and from later stage projects with production potential. To achieve this growth the Silverton business plan calls for a dynamic combination of development of its existing properties, acquisitions, and partnerships.

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Silverton cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Silverton's control. Such factors include, among other things: risks and uncertainties relating to Silverton's limited operating history and the need to comply with environmental and governmental regulations.  Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Silverton undertakes no obligation to publicly update or revise forward-looking information.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

For further information please contact:
Silverton Metals Corp.
John Theobald, CEO and Director
www.silvertonmetals.ca
(604) 683-0911

View original content:https://www.prnewswire.com/news-releases/silverton-metals-corp-announces-investor-relations-activities-301353718.html

SOURCE Silverton Metals Corp.

FAQ

What is the significance of Silverton Metals Corp. becoming DTC eligible?

The DTC eligibility allows for electronic clearing and settlement, improving trading efficiency and liquidity for Silverton's common shares in the U.S.

How does DTC eligibility affect investors in Silverton Metals Corp. (SVTNF)?

Investors may experience greater liquidity and faster execution speeds, and new investors can more easily purchase shares.

What silver projects does Silverton Metals Corp. currently hold?

Silverton holds a 100% interest in Penasco Quemado, La Frazada, and Pluto, all located in Mexico.

What are the growth strategies for Silverton Metals Corp.?

Silverton aims to grow through exploration success, acquisitions, and partnerships to develop its portfolio of silver projects.

When was the announcement regarding DTC eligibility made by Silverton Metals Corp.?

The announcement was made on August 12, 2021.