Success! 🥳 With 99.75% voting yes, Summa Silver Corp shareholders overwhelmingly approve our merger with Silver47 → The Supreme Court of British Columbia also granted a final order approving the merger. Read the release → https://lnkd.in/gtzg8Xb4
Summa Silver Corp
Mining
Rapidly advancing 2 US silver projects: Hughes 32.9M oz AgEq Inferred. 10.2M oz Indicated. Mogollon 32M oz AgEq Inferred
About us
Summa Silver is rapidly advancing 2 US silver projects: The Hughes Project in Tonopah, Nevada and the Mogollon Project in New Mexico. The Hughes project has 32.9 Million oz AgEq in the Inferred category¹. In the indicated category, the Hughes Project has 10.2 Million ounces AgEq¹. In New Mexico, our Mogollon Project has 32 Million oz AgEq in the inferred category¹. There are three good reasons to own Summa Silver: 1) We have two American high grade silver projects which were once prolific historic producers. 2) For the first time, we recently published two high grade mineral resource estimates for both of our US Silver projects (Tonopah/Hughes Project and New Mexico/Mogollon Project). 3) Summa is led by a very strong & proven management team with a track record of multiple discoveries that generated significant shareholder value. ¹AgEq is based on silver and gold prices of $25/oz and $2100/oz respectively, and recoveries for silver and gold of 90% and 97%, respectively for the Hughes Project, and 97% and 97%, respectively, for the Mogollon Project. AgEq Factor= (Ag Price / Au Price) x (Ag Rec / Au Rec); g AgEq/t = g Ag/t + (g Au/t / AgEq Factor)
- Website
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https://www.summasilver.com/
External link for Summa Silver Corp
- Industry
- Mining
- Company size
- 11-50 employees
- Headquarters
- Vancouver
- Type
- Public Company
Locations
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Primary
Vancouver, CA
Employees at Summa Silver Corp
Updates
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With US copper tariffs shaking up global markets, investors should note: the Summa Silver Corp Mogollon Project in New Mexico returned grades as high as 18.4% g/t Cu, while Silver47's Red Mountain hosts a number of critical minerals the US needs now more than ever. Galen McNamara explains the importance of US-based mineral resources and why we are so well positioned against this backdrop of demand.
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Following the merger with Silver47, we plan on being a must-own US silver explorer with 247 million AgEq ounces¹ ² 🇺🇸 But we’re aiming much higher 🔝 Our goal: reach one billion ounces through aggressive drilling and strategic acquisitions ⚒️🤝 Next stop: NYSE or Nasdaq 🏦 ¹ For important notes on mineral resource estimates, please refer to Page 27 of this presentation → https://lnkd.in/gA8FEnJA ² Equivalencies are calculated using ratios with metal prices of US$2,750/tonne Zn, US$2,100/tonne Pb, US$8,880/tonne Cu, US$1,850/oz Au, and US$23/oz Ag and recoveries of 90% Zn, 75% Pb, 70% Cu, 70% Ag, and 80% Au. AgEq* (g/t) = [Zn (%) x 47.81] + [Pb (%) x 30.43] + [Cu (%) x 119] + [Ag (g/t) x 1] + [Au (g/t) x 91.93] ** AgEq: US$20/oz Ag, US$1,800/oz Au, with metallurgical recoveries of Ag - 90% and Au - 95%. AgEq = (Ag grade x Ag recovery)+((Au grade x Au recovery) x (Au price / Ag price)).
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Summa Silver Corp CEO Galen McNamara and CEO of Silver47 Gary R. Thompson talk to David Lin about the valuable opportunities offered by combining Summa Silver and Silver47. Among them: an enhanced profile with institutional investors, potential inclusion into Silver ETFs (ie SILJ) and a potential NYSE listing. Together, our two companies represent a formidable force among US silver exploration companies.
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We're close to creating a premier portfolio of high-grade silver-focused assets in the US. Soon, shareholders will vote to combine Summa Silver Corp's projects in Nevada and New Mexico with Silver47's Red Mountain project in Alaska. One of the best parts? We believe the new portfolio offers the potential for a significant re-rate. We encourage you to read the notes on page 27 of this linked presentation for details on the mineral resource estimates for both Summa Silver and Silver47 → https://lnkd.in/gA8FEnJA
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Summa Silver Corp reposted this
"We are excited to kick off a significant drill program at our Red Mountain #silver-#gold-rich VMS project with a view to expanding the resource base and making new discoveries. The results from previous drill holes, including DC24-106, WT24-33, and DC18-77, demonstrate the robust nature of the Bonnifield district, where Red Mountain is located, and we are eager to build on these successes." - Gary Thompson, CEO 👉 https://lnkd.in/ghBQwFhU Summa Silver Corp Galen McNamara
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Summa Silver Corp reposted this
[June 17, 2025 News] Silver47 and Summa Silver Announce Closing of $6.9 Million Brokered Financing, Including Full Exercise of the Over-Allotment Option 👉 https://lnkd.in/gvQpf6q2 #silver #newsrelease Galen McNamara Summa Silver Corp
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We have news → Silver47 and Summa Silver Corp are pleased to announce the closing of a $6.9 Million brokered financing, including full exercise of the over-allotment option → The Offering was led by Research Capital Corporation, as co-lead agent and sole bookrunner, and together with Haywood Securities Inc. Inc., as co-lead agent, on behalf of a syndicate of agents, including Eventus Capital Corp. The net proceeds of the Offering will be used to fund advancement of the Combined Company’s silver project portfolio in the United States, and for working capital and general corporate purposes. See the release for more information and important disclosures → https://lnkd.in/g3jEp9vG
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Following the completion of our merger with Silver47, CEO Galen McNamara explains how we anticipate rapidly expanding tonnage at Red Mountain on two fronts: 1️⃣ Stepping out around known mineralized zones 2️⃣ Discovering additional deposits, as 15 million tonne VMS deposits rarely exist in isolation
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The Summa Silver Corp and Silver47 merger is transformational for both companies. Summa Silver Corp CEO Galen McNamara states that with the push for domestic critical minerals in the US 🇺🇸 we're proud to be at the center of Alaskan mineral exploration and development → Read the news release for more information and important disclosures → https://lnkd.in/gzx4Qi_v