Vancouver, British Columbia–(Newsfile Corp. – November 17, 2023) – Silver Valley Metals Corp. (TSXV: SILV) (OTCQB: SVMFF) (“Silver Valley” or the “Firm”), a brownfield exploration Firm with two initiatives comprising silver-zinc-lead situated in north Idaho, USA and lithium – potassium (sulphate of potash) situated in Zacatecas and San Luis Potosi, Mexico respectively, is happy to announce the appointment to the Board of Administrators, Mr. Miroslav Reba. The Firm additionally pronounces the resignation of Mr. Clive Massey from the Board of Administrators. Silver Valley want to thank Mr. Massey for his service and contribution to the Firm and needs him properly.
Mr. Miroslav (Miro) Reba is a associate and co-founder of Tectonic Advisory Companions, which was established in 2012 in New York Metropolis, USA. Mr. Reba is a mining finance specialist and has spent over 20 years creating a clientele base by means of quite a few risky market cycles of the metals market whereas delivering profitable strategic and company financing goals. Mr. Reba has constructed a community of world relationships spanning main mining investor markets, together with Australia, the usA, and Canada. Mr. Reba has been concerned in and/or chargeable for elevating greater than half a billion {dollars} to this point.
Lately, Mr. Reba has been significantly lively within the lithium area, financing and strategically advising a number of best-in-class lithium initiatives throughout totally different geographies worldwide, together with Galan Lithium (ASX: GLN), a world-class high-grade lithium brine deposit on the Hombre Muertos salar in Argentina, and Patriot Battery Metals (TSX:PMET), the world-class laborious rock lithium Corvette deposit in James Bay Quebec, Canada.
Earlier than Tectonic Advisory Companions, Mr. Reba helped construct a thriving mining finance apply for 5 years at Rodman Renshaw, a New York-based funding financial institution.
Mr. Reba holds a global regulation diploma from the College of Durham, UK, and earned his undergraduate diploma from the College of London, UK.
Brandon Rook, CEO, states, “We at Silver Valley are energized that Miro has joined the Board at this strategic second the place the Firm is poised for robust development, significantly at its Mexi-Can lithium-potash venture, which is anticipated to come back again on-line quickly. Miro brings a wealth of information and expertise, significantly within the lithium area and particularly delivering just lately with quite a few profitable financings and attracting, contributing, and supporting constructive and long-lasting partnerships within the mining enterprise. We stay up for a profitable 2024 in Mexico and Idaho.”
Company Replace:
The exploration season in Idaho on the Ranger-Web page silver-zinc-lead Mission has concluded for the yr. A 24-hour-per-day project-wide trenching program focusing on quite a few potential areas on the venture, which had been outlined from its inaugural 2022 exploration program was accomplished along with street constructing for drilling entry, drill platform preparations, area mapping, geochemical assaying, and geological modelling. The Firm is happy to share outcomes sooner or later from floor discoveries and a number of other high-priority drill-ready targets just lately outlined.
Resulting from market circumstances and the onset of winter climate the Firm made the choice to not increase extra funds to drill Ranger-Web page instantly after the conclusion of the section 2 exploration program this fall. The Firm has utilized its treasury over the previous 6 months to satisfy all its monetary obligations together with a number of choice funds at Ranger-Web page, and creating Ranger-Web page to a drill prepared state with well-defined high-priority drill targets.
Moreover, there was continued funding on the Mexi-Can lithium-potassium venture in Mexico. This consists of behind the scenes geological modeling, evaluating extraction strategies for lithium and potassium, defining subsequent steps, budgets, and ongoing discussions with potential strategic buyers for the event and future manufacturing on the venture. The Firm believes that there shall be a constructive end result for the Mexico venture and as soon as it’s reactivated it will likely be the catalyst for the Firm to lift funds.
As beforehand disclosed, discussions are lively and advancing with LitioMX, the nationwide lithium Firm of Mexico. In particular person conferences in Mexico Metropolis and Hermosillo, Mexico have taken place and follow-up conferences proceed. Discussions have superior and from Silver Valley’s viewpoint, the Firm and LitioMX are “shut” to an agreeable and mutually helpful conclusion.
We thank the shareholders of the Firm for his or her endurance and assist by means of this era whereas we finalize an settlement with LitioMX. We’ve a robust conviction that the venture shall be Firm defining and that the shareholders will finally be rewarded because of Administration’s continued efforts to guard the share construction of the Firm.
Hyperlink to Web site: http://www.silvervalleymetals.com
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Certified particular person:
Timothy Mosey, BSc, MSc, SME, is the certified particular person for the corporate and certified particular person as outlined by Nationwide Instrument 43-101.
About: MexiCan Lithium – Potassium (sulphate of potash) Mission:
Silver Valley Metals Corp. owns a 100% curiosity in a lithium and potassium bearing salar complicated comprising 4,056 hectares on three mineral concessions (“the Mexico-Canada Mission” or “Mexi-Can Mission”) situated on the Central Mexican Plateau within the states of Zacatecas, and San Luis Potosi, Mexico. The NI 43-101 inferred mineral useful resource incorporates 12.3Mt of Sulfate of Potash (SOP) and 243,000 tonnes of lithium carbonate equal (LCE) outlined solely from floor to a mean of 5 metres depth. The salars stay large open in all instructions for growth.
About: Ranger-Web page venture:
The Ranger-Web page Mission (“The Mission”) is within the Silver Valley, northern Idaho, USA, 60 kilometers east of Coeur d’Alene and 1 kilometer from the I-90 freeway. In 2020 Idaho was ranked the primary on the earth in coverage notion and ninth greatest mining jurisdiction (Fraser Institute Annual Mining Survey). The Mission borders the well-known Bunker Hill Mine to the east and, for the primary time, consolidates the western extent of the prolific Silver Valley mining hall by one operator up to now 100+ years.
The Mission includes 6 historic mines on patented claims, with out royalties. The biggest of those, the Web page Mine, was a high ten producer within the Silver Valley yielding over 1.1 billion kilos of zinc and lead and 14.6 million ounces of silver. The Web page Mine has excessive grade silver-zinc-lead historic reserves and stays open at depth and alongside strike past what has been recognized to this point.
Historic mining on the properties have shared underground infrastructure from the bigger Web page mine to the Blackhawk mine. The Firm has underground mining information and floor geological information that helps excessive grade silver-zinc-lead mineralization current throughout the different shallow, undeveloped mines. These mines stay open at depth, and laterally alongside strike.
Exploration potential past the historic mines is taken into account important as trendy systematic exploration is being utilized to the venture for the primary time.
About: Silver Valley Metals:
Silver Valley Metals Corp. is a Canadian exploration firm comprised of a gaggle of skilled exploration, mining, and financing specialists centered on the pursuit of mineral discovery and improvement. We’re centered on the development of strategic and treasured mineral properties together with Lithium-Potash in Mexico and Silver-Zinc-Lead in northern Idaho, USA.
On behalf of the Board of Administrators of Silver Valley Metals,
“Brandon Rook”
Brandon Rook, President & CEO, Director
For additional info please contact: 604-800-4710
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The data contained herein incorporates “forward-looking statements” throughout the which means of relevant securities laws. Ahead-Wanting statements relate to info that’s based mostly on assumptions of administration, forecasts of future outcomes, and estimates of quantities not but determinable. Any statements that categorical predictions, expectations, beliefs, plans, projections, goals, assumptions or future occasions or efficiency aren’t statements of historic reality and could also be “forward-looking statements.” Ahead-Wanting statements are topic to a wide range of dangers and uncertainties which might trigger precise occasions or outcomes to vary from these mirrored within the forward-looking statements, together with, with out limitation: dangers associated to failure to acquire ample financing on a well timed foundation and on acceptable phrases; dangers associated to the end result of authorized proceedings; political and regulatory dangers related to mining and exploration; dangers associated to the upkeep of inventory change listings; dangers associated to environmental regulation and legal responsibility; the potential for delays in exploration or improvement actions or the completion of feasibility research; the uncertainty of profitability; dangers and uncertainties referring to the interpretation of drill outcomes, the geology, grade and continuity of mineral deposits; dangers associated to the inherent uncertainty of manufacturing and value estimates and the potential for sudden prices and bills; outcomes of prefeasibility and feasibility research, and the chance that future exploration, improvement or mining outcomes is not going to be in line with the Firm’s expectations; dangers associated to commodity worth fluctuations; and different dangers and uncertainties associated to the Firm’s prospects, properties and enterprise detailed elsewhere within the Firm’s disclosure file. Ought to a number of of those dangers and uncertainties materialize, or ought to underlying assumptions show incorrect, precise outcomes could range materially from these described in forward-looking statements. Buyers are cautioned in opposition to attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Firm doesn’t assume any obligation to replace or revise them to replicate new occasions or circumstances. Precise occasions or outcomes might differ materially from the Firm’s expectations or projections.
