Silver Storm Mining Ltd. | Webinar Replay

Why It Matters

Silver Storm’s imminent production restart and sizable San Diego resource could deliver outsized returns for investors seeking low‑cost silver exposure, while the Samsung off‑take mitigates market price risk.

Key Takeaways

• Laparra mine restart slated for Q2 2026, enabling production.
• Samsung signed two‑year off‑take for 100% lead and silver.
• San Diego project holds ~400 M oz silver equivalent, among Mexico’s largest.
• Company holds $26 M cash and $43 M in‑the‑money warrants.
• Target all‑in sustaining costs projected in low $20s per ounce.

Summary

Silver Storm Mining Ltd. hosted a webinar to outline its two Durango‑state assets – the near‑term restart of the Laparra mine and the long‑term development of the San Diego silver project. CEO Greg McKenzie detailed the operational timeline, financing status, and strategic partners, emphasizing that Laparra is on‑time and on‑budget for a Q2 2026 production ramp.

Key points included a $26 million cash balance, $43 million in‑the‑money warrants, and a two‑year, 100% off‑take agreement with Samsung for lead and silver. The company completed a 6,000‑meter infill drill program, releasing a 43‑101 resource of 27 million ounces silver equivalent at Laparra and a combined 31 million‑ounce mineral inventory, while San Diego boasts roughly 400 million ounces silver equivalent, placing it among Mexico’s largest undeveloped deposits.

McKenzie highlighted historic production of 34 million ounces silver equivalent (2006‑2019) and recent drill highlights such as a 1,810 g/t intercept over 14.6 m, underscoring the depth‑open nature of the ore bodies. He also noted that 85% of the workforce is locally sourced, reinforcing community support and ESG credentials.

The restart positions Silver Storm for a potential market re‑rating as it moves from development to production, offering investors exposure to silver at low‑cost (low $20s per ounce) operations. Successful ramp‑up could unlock further capital, enable expansion of the sulfide circuit, and accelerate development of the San Diego project, enhancing the company’s valuation in a bullish silver environment.

Original Description

WATCH: Red Cloud Financial Services Webinar Series Presents: Silver Storm Mining Ltd.

Silver Storm Mining Ltd. holds advanced-stage silver projects located in the state of Durango, Mexico. Silver Storm is committed to advancing toward a potential near-term restart of its 100%-owned La Parrilla Silver Mine Complex which includes a past-producing underground mine and 2,000 tpd mill. The Company also holds a 100% interest in the San Diego Project, one of the largest undeveloped silver projects in Mexico.

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