Silver Storm Completes Drawdown of US$7.0M Prepaid Offtake Facility with Samsung C&T
Toronto, Ontario, November 4, 2025: Silver Storm Mining Ltd. (“Silver Storm” or the "Company") (TSX.V: SVRS | OTCQB: SVRSF | FSE: SVR), is pleased to announce that the Company has fully drawn US$7.0 million under the previously announced Prepaid Offtake Financing Facility (the “Facility”) with Samsung C&T Hongkong Ltd. and QSSC, S.A. de C.V., both subsidiaries of Samsung C&T (“Samsung C&T”), as originally announced on October 10, 2025.
Greg McKenzie, President and CEO, commented, “This is a significant milestone for Silver Storm, providing the financial flexibility to execute our growth plans and deliver value to shareholders. We are pleased to strengthen our partnership with Samsung C&T, a global leader in commodity trading.”
The Company intends to use the proceeds of the Facility for 1) rehabilitation and preparation activities at the Company’s La Parrilla Silver Mine Complex (“La Parrilla”), including mill rehabilitation and upgrading, underground development, and 2) for general corporate and working capital purposes.
Repayments under the Facility will be made in equal monthly installments over a 12-month period commencing in May 2026 and may be made as deductions from the sale of concentrates. The maturity date of the Facility is April 30, 2027, and bears interest at the 1-month Secured Overnight Financing Rate (SOFR) plus 4.75%.
A set-up fee of 1.25% of the funded amount was paid on draw down. No finder’s fees, bonus shares or bonus warrants are payable in connection with the Facility. Samsung C&T is at arms-length to the Company and does not own any other securities of the Company.
The Facility grants Samsung the right to purchase 100% of the Lead-Silver concentrates and the Zinc concentrates produced at La Parrilla for a period of two-years.
