Acquisition
Silver Storm Mining Sells Springer Mine Royalty for C$2.18 Million
•February 19, 2026
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Why It Matters
The transaction strengthens Silver Storm’s balance sheet, providing funding for near‑term operational restart and exploration, while illustrating the growing use of royalty sales for financing in the junior mining sector.
Key Takeaways
- •Silver Storm sold Springer royalty for C$2.18M.
- •Sale provides liquidity before La Parrilla restart.
- •Till acquisition valued royalty portfolio at ~C$1M.
- •La Parrilla drilling targets Quebradillas, San Marcos, Rosarios.
- •Company also owns San Diego Project, major Mexican silver deposit.
Pulse Analysis
Monetising non‑core royalties has become a pragmatic financing tool for junior miners facing capital‑intensive development cycles. By converting the Springer Mine royalty into cash, Silver Storm not only recoups a portion of its earlier Till Capital investment but also reduces exposure to a capped‑production asset that offered limited upside. This approach mirrors a broader industry trend where companies leverage royalty portfolios to fund exploration and de‑risk larger projects without diluting equity.
The timing of the sale aligns with Silver Storm’s strategic push to restart the La Parrilla Silver Mine Complex, a 2,000‑ton‑per‑day operation that has been dormant. The influx of C$2.18 million adds financial flexibility for the upcoming Q2 2026 restart, covering equipment refurbishment, workforce rehiring, and permitting costs. Simultaneously, the 6,000‑meter underground drilling program aims to delineate resources at Quebradillas, San Marcos and Rosarios, positioning the complex for a robust resource update that could attract further investment.
Beyond the immediate cash boost, the transaction underscores the importance of diversified asset portfolios. Silver Storm’s 100 % ownership of the San Diego Project—one of Mexico’s largest undeveloped silver deposits—offers a long‑term growth catalyst. As silver prices remain buoyant amid inflation concerns and industrial demand, the company’s dual focus on short‑term operational revival and long‑term project development enhances its appeal to both equity and royalty‑focused investors. The royalty sale, therefore, is not merely a balance‑sheet maneuver but a strategic step toward sustaining growth in a competitive precious‑metals landscape.
Deal Summary
Canadian miner Silver Storm Mining announced the sale of its non‑core gross royalty on the Springer Mine & Mill property in Nevada, generating C$2.18 million (US$1.59 million) in cash proceeds. The royalty, originally acquired in 2025 through the purchase of Till Capital, was sold to provide liquidity ahead of a potential restart of operations at the La Parrilla Silver Mine Complex.
Article
Source: Mining Technology
Silver Storm sells Nevada’s Springer Mine royalty
By Shree Mishra
February 19, 2026
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$2.18 million (US$1.59 million) in cash proceeds.
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 $2.5 million.
Silver Storm Mining president and CEO Greg McKenzie said:
“Silver Storm acquired Till at a transaction value of C$7.2 million, which incorporated ~C$6.2 million in cash held by Till prior to the closing of the transaction, implying a valuation of ~C$1 million 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.”
Silver 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 2,000 t 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 6,000 m underground drilling campaign at the La Parrilla Silver Mine Complex in Mexico, located approximately 76 km 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.
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