Silver Storm Advances Offtake Financing for Restart of La Parrilla Silver Mine Complex

Written By Silver Storm Mining Inc.

Toronto, Ontario, May 8, 2025: Silver Storm Mining Ltd. (“Silver Storm”) (TSX.V: SVRS | OTC: SVRSF | FSE: SVR) is pleased to report the Company has made excellent progress towards securing debt and offtake-linked project financing proposals for the restart of operations at the past producing La Parrilla Silver Mine Complex (“La Parrilla”), in Durango, Mexico.

Silver Storm has received several non-binding proposals from leading trading houses for multi-year lead and zinc concentrate offtake agreements, as well as traditional debt providers. Each proposal includes an associated prepayment or structured finance facility to provide near-term funding for restart activities at La Parrilla.

The proposals received to-date include:

  • Financing facilities ranging from US$15 - US$17 million

  • Duration of 36 - 48 months

  • Annual interest rates based on SOFR 3-month rate (1) + acceptable customary premium

Note: (1) Secured Overnight Financing Rate

All proposals are subject to customary conditions precedent, including satisfactory due diligence, compliance and documentation, commercial offtake contracts for 100% of production during the facility tenor, acceptable pledge guarantees, and credit committee approval. There can be no assurance that definitive agreements for the financing facilities will be entered into and completed on terms which are acceptable or at all.

Silver Storm Mining Inc.
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