Silver Valley Metals Corp.
Company Data
| Introduction
| Projects in Hand
| Management
News Update
| Chinese
| Address ： |
750 – 1095 West Pender Street Vancouver, B.C. Canada V6E 2M6 |
| Tel No.： | 604-800-4710 |
| Web Site： | www.silvervalleymetals.com |
| E-mail： | brandon@silvervalleymetals.com |
| Contact Person： | Brandon Rook |
| Position： | President & CEO, Director |
| Traded Market： | TSX-V | OTCQB |
| Traded Symbol： | SILV | SVMFF |
| Outstanding Shares： | ~48.7 Million |
| 52 Week High： | $ 0.195 |
| 52 Week Low： | $ 0.07 |
| Present Price： | Click Here |
Silver Valley Metals is a brownfield exploration company comprised of a group of experienced exploration, mining, and financing specialists focused on the pursuit of mineral discovery and development. The Company has two projects, one located in the Silver Valley, north Idaho (Silver-Zinc-Lead) and the second project located in Zacatecas and San Luis Potosi, Mexico (Lithium and Sulfate of Potash (SOP).
Ranger-Page Project, Idaho, USA
Silver Valley's Ranger-Page Project located in the prolific Silver Valley of northern Idaho, is a primary focus for the Company in 2023. The Project borders the famous Bunker Hill Mine to the west and for the first time consolidates the western extent of the Silver Valley mining corridor by one operator in the past 100+ years.
The Project comprises 6 historical mines on patented claims, without royalties. The largest of these, the Page Mine, was a top ten producer in the Silver Valley with high grade silver-zinc-lead historic resources in place and remains open at depth with a strike length at the bottom of the mine measuring over 750 metres.
The Company has underground mining data and surface geological data that support high grade silver-zinc-lead mineralization present within these under-developed mines. The mines remain open at depth, and laterally along strike.
This is the first time modern systematic exploration is being applied to the project.
Project Highlights
- Patented Lode Claims
- Ownership of surface and mineral rights; no Federal permitting required; permitting with the State of Idaho is efficient.
- No pre-existing royalties
- Top Tier Mining Jurisdiction
- In 2020 Idaho was ranked the first in the world in policy perception and 9th best mining jurisdiction (Fraser Institute Annual Mining Survey).
- Three Mines With High-Grade Past Production
- Page – 469 g/t AgEq, 58.8M oz AgEq historical production; Crown Point – 605 g/t AgEq, 1.1M oz AgEq historical production; Blackhawk – 369 g/t AgEq, 2.4M oz AgEq historical production.
- Top Ten Producer in the District
- Page produced approximately 1.1 billion pounds of zinc and lead and 14.6 million ounces of silver.
- Page Mine – Historical Resources and Wide Open at Depth
- 218,000 tons grading 87.4 g/t silver, 10.34% zinc, 5.22% lead.
- Blackhawk Mine
- Mined to ~1,200 feet below surface and developed as a secondary source for ore grade mill feed to the Page Mine for 21 years. Remains wide open in high grade mineralization at depth with a strike length of approximately 375 metres.
- 200 Feet Below Elevation
- 4 of 6 historic mines on the Ranger-Page Project explored and mined to ~200 feet below surface only.
- Bordering a Major Mine
- The Bunker Hill Mine on the eastern boundary historically mined into the Ranger-Page Project area. Mined to depths of 4,000+ feet below elevation and remains wide open. It is one of America's largest underground mines.
- Exploration Potential at Depth
- Strong evidence that mineralization continues from where historical underground mining operations ceased due to a comprehensive underground mining database in-hand.
- 1 km from Interstate 90 Highway and 1.2 kms from the mining town of Smelterville, Idaho. Access to a well-trained exploration and underground mining workforce.
- Drill ready in 2023 as a result of an extremely successful first exploration program completed in 2022.
MexiCan Lithium-Potassium (Sulphate of Potash) Project, Mexico
Silver Valley owns a 100% interest in a lithium and potassium bearing salar complex comprising 4,056 hectares on three mineral concessions located on the Central Mexican Plateau in the states of Zacatecas, and San Luis Potosi. The NI 43-101 inferred mineral resource contains 12.3 million tonnes of Sulfate of Potash (SOP) and 243,000 tonnes of lithium carbonate equivalent (LCE) and remains open in all directions for expansion.
Highlights of the Project:
- Inferred Resource contains 243,000 tonnes of lithium carbonate equivalent (LCE) and 12.3Mt of Sulphate of Potash (“SOP”).
- Lithium and Potassium discovered on surface and on average ONLY the first 5 metres of the deposit has been tested and included in the NI 43-101 resource estimate – significant upside to expand resources.
- At today's prices in-situ value in excess of $12 billion
- Continuous high grade lithium portion at one of three salars, containing 7Mt @ 1,490 ppm Li within 20Mt @ 880 ppm Li – perimeter and depth of deposit largely untested.
- Potassium in water peaked at 27,000 mg/l with an average of 13,000 mg/l and sulfate (SO4) peaked at 40,000 mg/l with an average of 17,000 mg/l.
- Brine from 20m wells pumped to the surface and concentrated by evaporation yielded lithium results of 1.2 – 2.1% (12,000 – 21,000 mg/l).
- Deep basin large aquifer brine potential defined by a regional geophysics survey; still to be drill tested.
- Mexico imports 100% of all potash – opportunity to fulfill supply needs
Management and Directors
Brandon Rook, B.Sc., BA, President & CEO, Director
Mr. Rook has over 25 years of diversified business experience working as a geologist, advisor to numerous publicly listed companies as well as a CEO, President, and Director of several TSX-V listed companies. Mr. Rook has been responsible in raising over $100 million to date. As a geologist and executive, he has worked with and led teams that have had significant discoveries in gold, copper, oil, natural gas, and diamonds.
Dale Moore, B.Sc., P.Geo., Exploration Director
Mr. Moore has been involved in multiple successful projects in the Silver Valley over the past 13 years. He assisted with the planning and execution of Americas Gold and Silver's Galena GIP project (10 kms from Ranger-Page), which added over 100 million silver equivalent ounces over the past two years. Mr. Moore and his team developed modern geologic models of the Gold Hunter Deposit, and the Galena Complex, all of which assisted with the addition of near mine resources and or extensions of known mineralization.
Dong Shim, CPA, CA, CPA (Illinois), Chief Financial Officer
Mr. Shim has led a successful accounting and finance career in both the US and Canada. He brings a wealth of knowledge to the team with his expertise in auditing publicly traded junior mining companies and high-tech industries. He is also an audit partner on numerous audit engagements for various publicly traded companies.
Gordon Fretwell, LLB, BComm, Corporate Secretary
Mr. Fretwell was a partner in a large Vancouver law firm. He currently serves on the board of several public companies engaged in mineral exploration including: Galiano Gold, Pucara Gold, Canada Rare Earth Corp. and RE Royalties Inc.
Douglas Dobbs, BA, Corporate Development Director
Mr. Dobbs brings more than 25 years of experience in senior leadership and board positions including Mines Management, Inc. (acquired by Hecla Mining (NYSE: HL), Avista Labs Corp. (NYSE: AVA), Idaho North Mines, and investment firms Piper Jaffray Co. and National Securities Corp.
Timothy Mosey, B.Sc., M.Sc., Director
Mr. Mosey has over 30 years of experience in the mining industry.
Darrell Podowski, LLB, B.Sc., Director
Mr. Podowski has over 30 years of international experience in the mining industry and is highly regarded as one of the top mining lawyers globally.
Clive Massey, Director
Mr. Massey is President, CEO & Director of Universal Copper.
On January 16, 2024, Silver Valley Metals Corp. is pleased with a favourable resolution of issues relating to its Mexi-Can sulphate of potash and lithium project. Concurrently, the company is preparing to resume exploration activities in Mexi.
The amendments to the mining law arising from the mining law decree will have no legal impact until the full expiration of Silver Valley Mexico's mining concessions, since, as for the lithium decree, the loss of rights or the cancellation, suspension or termination of the concession titles, or of exploration activities, was not established, including the exploitation, or use, of lithium, with respect to rights previously granted and acquired by the concessionaires.
The current regulatory landscape indicates a dual legal regime for lithium operations in Mexico. Existing concessions are monitored by the Ministry of Economy, while postreform exploration and exploitation will be overseen by the Mexican state through the state-owned entity Lithium for Mexico.
Despite a positive outcome from the recent amparo decisions, coupled with the later enacted May 8, 2023, mining reform further supporting the company's ownership, Silver Valley continued to actively consider a joint venture partnership with LitioMx. Silver Valley considered a partnership beneficial to all stakeholders, with the right deal in mind. However, after careful consideration, LitioMx recently decided to prioritize other Mexican projects. This decision aligns with Silver Valley's appreciation for LitioMx's focus on lithium-specific ventures, considering the Mexi-Can project's significant sulphate of potash component.
Silver Valley appreciates LitioMx's support and remains open to future collaboration opportunities as the lithium landscape evolves. LitioMx shared the same sentiments with Silver Valley.
On November 17, 2023, Silver Valley Metals Corp., a brownfield exploration Company with two projects comprising silver-zinc-lead located in north Idaho, USA and lithium - potassium (sulphate of potash) located in Zacatecas and San Luis Potosi, Mexico respectively, is pleased to announce the appointment to the Board of Directors, Mr. Miroslav Reba. The Company also announces the resignation of Mr. Clive Massey from the Board of Directors. Silver Valley would like to thank Mr. Massey for his service and contribution to the Company and wishes him well.
Brandon Rook, CEO, states, "We at Silver Valley are energized that Miro has joined the Board at this strategic moment where the Company is poised for strong growth, particularly at its Mexi-Can lithium-potash project, which is anticipated to come back online soon. Miro brings a wealth of knowledge and experience, particularly in the lithium space and especially delivering recently with numerous successful financings and attracting, contributing, and supporting positive and long-lasting partnerships in the mining business. We look forward to a successful 2024 in Mexico and Idaho."
On September 18, 2023, Silver Valley Metals Corp. has provided a corporate update for both of its high-priority projects: the MexiCan lithium-potassium (sulphate of potash) project and the Ranger-Page silver-zinc-lead project in the Silver Valley.
MexiCan project: As previously announced May 10, 2023, Silver Valley entered discussions with LitioMX, (the national lithium company of Mexico), with the goal of these discussions to ultimately formalize a partnership agreement to explore and produce lithium in Mexico. Silver Valley maintains its 100-per-cent ownership of the potassium sulphate (sulphate of potash or SOP) component of the dual-commodity MexiCan lithium-potassium project.
Discussions are active and advancing with LitioMX, and near-term plans are in place to come together to potentially finalize a partnership agreement. The company will update shareholders when and if there is material news to report.
On August 03, 2023, The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced on July 18, 2023.
Number of shares: 6,858,741 shares
Purchase price: 10 cents per share
Warrants: not applicable
Number of placees: 30 placees
Total existing insider involvement: 350,000 (three insiders)
Finder's fee: $13,600
On August 03, 2023, Silver Valley Metals Corp., further to its news releases dated July 18, 2023, and Aug. 1, 2023, has closed the second tranche of its private placement and has issued 385,000 common shares of the company at a price of 10 cents per share for gross proceeds of $38,500, which, together with the 6,473,741 common shares from the first tranche closing, results in 6,858,741 common shares being issued to subscribers for the whole private placement, for aggregate gross proceeds of $685,874.10. Proceeds from the financing will be used for:
- Completing the phase 2 active exploration program at the Ranger-Page project in the Silver Valley, north Idaho, United States, including a multikilometre trenching program, road building, preparations for a future drill campaign in 2023 and further field exploration, including additional geochemical surveys, detailed mapping and 3-D geological modelling.
- To maintain and advance its MexiCan lithium-sulphate of potash (Li-SOP) project/deposit(s) in Mexico, project development planning, evaluating additional opportunities related to lithium and potash exploration and development in Mexico, and lastly, to continue its partnership negotiations for the lithium aspect of its deposit(s) with LitioMx, the recently formalized national lithium company of Mexico.
- Project option payment for the Ranger-Page project.
- General working capital.
On August 01, 2023, Silver Valley Metals Corp. has filed documents with the TSX Venture Exchange for final approval to close its previously announced (July 18, 2023) 10-cent-per-common-share, no-warrant private placement financing for aggregate gross proceeds of $685,874.10. On receipt of final exchange approval, the company will issue 385,000 common shares, which, together with the 6,473,741 common shares from the first tranche closing, results in 6,858,741 common shares being issued to subscribers.
On July 18, 2023, Silver Valley Metals Corp. has filed documents with the TSX Venture Exchange for conditional approval of a 10-cent common share, no warrant private placement financing, for aggregate gross proceeds of up to $700,000, with a first tranche close of $645,374.10. On receipt of Exchange approval the Company will close the first tranche, issuing 6,453,741 common shares of the Company for aggregate gross proceeds of $645,374.10.
Proceeds from the Financing will be used for: Completing the phase 2 active exploration program at the Ranger-Page project in the Silver Valley, north Idaho, USA; this includes a multi-kilometre trenching program, road building, preparations for a future drill campaign in 2023, further field exploration including additional geochemical surveys, detailed mapping, and 3D geological modeling.To maintain and advance its MexiCan lithium - sulphate of potash (Li-SOP) project / deposit(s) in Mexico; project development planning; evaluating additional opportunities related to lithium and potash exploration and development in Mexico; and lastly, to continue its partnership negotiations for the lithium aspect of its deposit(s) with LitioMx, the recently formalized national lithium company of Mexico.Project option payment for the Ranger-Page Project.General working capital.
On July 07, 2023, Silver Valley Metals Corp., further to its June 16, 2023, news release, has extended the warrant exercise incentive program to Friday, July 14, 2023.
Under the program, if the warrants that were issued from the company's private placement conducted in November, 2022, are exercised prior to 4 p.m. PDT on July 14, 2023, the holders of the eligible warrants would receive one additional warrant in consideration of the early exercise of each eligible warrant. Each incentive warrant will be exercisable to acquire one common share of the company at a price of 11 cents per share for a period of two years from the date of issuance. The incentive warrants will be subject to a hold period of four months plus one day after the date of distribution.
On June 28, 2023, Silver Valley Metals Corp. has released results of trenching activities at its first high-priority target area, Crown Point, of six areas to be tested at its Ranger-Page project, north Idaho, United States. The Crown Point Mine is located immediately west within one kilometre of the Bunker Hill Mine, one of the largest underground mines in the United States.
As announced in the June 8 th, 2023, press release, the Company's multi-kilometre exploration trenching project commenced with work in the eastern end of the project on the Crown Point target, which was the site of the project's historic high-grade silver mining activities. A strong ground IP anomaly and positive soil geochemistry results from 2022 justified trenching the Crown Point area to expose vein structures at surface. Approximately 400 meters of trenching has been completed to date in the Crown Point target area, exposing an east-west trending structural zone of mineralization greater than 16 metres wide which extends Crown Point over 220 meters to the west, and at least 75 meters up dip from the Crown Point mine toward the surface.
Assay results from the vein structures in the Crown Point trenches show anomalous silver grades as high as 27.4 g/t, 8,300 ppm lead, 3,100 ppm zinc, and 1,900 ppm copper within two significant vein structures measuring 2.87 metres and 2.50 metres wide (see Table 1 below ). These results represent an increase in silver and base metal concentrations when compared to geochemical results from the 2022 exploration program, as well as historic results from past mining major, Asarco in the 1970's.
On June 16, 2023, Silver Valley Metals Corp. has received conditional approval from TSX Venture Exchange to proceed with the warrant exercise incentive program, previously announced June 13, 2023. The program will commence as of Monday, June 19, 2023, and terminate Friday, July 7, 2023.
Under the program, if the warrants that were issued from the company's private placement conducted in November, 2022, are exercised prior to 4 p.m. PT on July 7, 2023, the holders of the eligible warrants would receive one additional warrant in consideration of the early exercise of each eligible warrant. Each incentive warrant will be exercisable to acquire one common share of the company at a price of 11 cents per share for a period of two years from the date of issuance. The company believes this will give existing warrant holders a strong incentive to exercise their existing eligible warrants. The incentive warrants will be subject to a hold period of four months plus one day after the date of distribution.
On June 13, 2023, Silver Valley Metals Corp. will make an application to the TSX Venture Exchange for approval of the implementation of a proposed early warrant exercise incentive program intended to encourage the early exercise of up to 12,897,114 outstanding warrants of the company.
The program will commence on the date of receipt of conditional acceptance by the exchange and will expire at 4 p.m. PDT 14 days thereafter. The company feels the program will fairly reward the investors of the most recent financing for their patience during this volatile year, allowing the company to keep the share float within the current shareholder base, and views this as the least dilutive option at this time.
On June 08, 2023, Silver Valley Metals Corp. has commenced a multikilometre trenching program at its Ranger-Page project located in the Silver Valley of north Idaho, United States. The trenching and field program is designed to expose veins on surface at multiple areas. By exposing vein structures in multiple areas on surface, the dip and trend of these structures will be clearly identified.
A comprehensive geological model has been developed along with the integration of the highly anomalous results from the first modern exploration program in 2022 at Ranger-Page. These results, combined with the field and trench program, will significantly assist the Company in targeting the vein structures near surface and at depth for the upcoming drilling campaign scheduled later this year.
Work that has just been initiated at the Company's first high-priority target, the Crown Point Mine and surrounding area has already revealed significant vein structures being identified on surface in multiple locations ( see Figure 1 ). These new discoveries which were found in quick order validates the comprehensive exploration program from 2022. Results at these new surface discoveries will be reported after assay data is received and compiled.
May 10, 2023, Silver Valley Metals Announces Update on Its Mexican Lithium-Potassium Project, Zacatecas and San Luis Potosi, Mexico.
Silver Valley has been in discussions with LitioMX (the national lithium company of Mexico) over the last months and has recently had an in-person meeting in Mexico City. These discussions pertain to the possibility of forming a partnership to explore and ultimately produce lithium at the MexiCan lithium-potassium project located in Zacatecas and San Luis Potosi.
Brandon Rook, CEO of Silver Valley Metals, says: "The relationship that is being built between LitioMX and Silver Valley Metals shares a vision to build out the project sustainably with a focus on clean extraction technology, community-centric participation, along with strong transparent governance that will be the key to our future success. We look forward to concluding our partnership agreement and moving forward again with this exciting project."
April 11, 2023, Silver Valley Metals Announces Exploration Results From The Ranger-Wyoming Complex At Its Ranger-Page Project In The Silver Valley, Northern Idaho, USA
March 22, 2023, Silver Valley Metals Announces Exploration Results From The East Curlew Target; Potential Strike Extension From The Past Producing Blackhawk Mine At Its Ranger-Page Project In The Silver Valley, Northern Idaho, USA