Silver Storm Mining, a Canadian exploration and resource company, has sold the non-core capped production gross royalty related to the Springer Mine & Mill property in Nevada, US.
The sale generated C$2.18m ($1.59m) in cash proceeds.
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The Springer royalty was originally acquired through Silver Storm’s purchase of Till Capital in 2025.
At the time of acquisition, Till’s portfolio included four mining royalties, with the Springer royalty capped at $2.5m.
Silver Storm Mining president and CEO Greg McKenzie said: “Silver Storm acquired Till at a transaction value of C$7.2m, which incorporated ~C$6.2m in cash held by Till prior to the closing of the transaction, implying a valuation of ~C$1m for Till’s portfolio of mineral investments and royalties.
“The Springer royalty sale represented an opportunity to monetise one of our non-core royalty assets while adding financial flexibility and additional liquidity ahead of the potential restart of operations at the La Parrilla Silver Mine Complex in the second quarter of 2026.”
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By GlobalDataSilver Storm Mining is focused on progressing towards a potential near-term restart at its wholly owned La Parrilla Silver Mine Complex, a past-producing operation featuring a 2,000t per day processing plant and three underground mines.
The company also owns 100% of the San Diego Project, regarded as one of Mexico’s largest undeveloped silver deposits.
Last month, the company initiated a 6,000m underground drilling campaign at the La Parrilla Silver Mine Complex in Mexico, located approximately 76km south-east of Durango City in Durango State.
The complex comprises 40 contiguous mining concessions, all reportedly in good standing, covering a combined area of 38,128 hectares.
The programme will focus on step-out and infill drilling to support exploration and help advance the anticipated development of the Quebradillas, San Marcos and Rosarios mines within the complex.
