Toronto, Feb 19 — Silver Storm Mining Ltd. (“Silver Storm” or the “Company”) (TSX.V: SVRS | OTCQX: SVRSF | FSE: SVR) is pleased to announce the sale of the non-core capped production gross royalty on the Springer Mine & Mill property (the “Springer Royalty”) in the state of Nevada, USA for gross proceeds of C$2,183,000 in cash.
The Company acquired the Springer Royalty as part of the acquisition of 100% of the issued and outstanding common shares of Till Capital Corp. (“Till”) in 2025 (see the news release titled “Silver Storm Mining and Till Capital Corporation Announce Completion of Plan of Arrangement” and published on July 18, 2025). Till’s royalty portfolio consisted of four mining royalties, including the Springer Royalty which is capped at US$2,500,000.
Greg McKenzie, President and CEO, commented, “Silver Storm acquired Till at a transaction value of C$7,200,000, which incorporated ~C$6,200,000 in cash held by Till prior to the closing of the transaction, implying a valuation of ~C$1,000,000 for Till’s portfolio of mineral investments and royalties. The Springer Royalty sale represented an opportunity to monetize 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.”