Silver Storm Enters into US$7.0M Offtake Financing with Samsung C&T for restart of La Parrilla Silver Mine Complex

Written By Silver Storm Mining Inc.

Toronto, Ontario, October 10, 2025: Silver Storm Mining Ltd. (“Silver Storm” or the "Company") (TSX.V: SVRS | OTC: SVRSF | FSE: SVR), is pleased to announce that it has entered into a definitive agreement (the “Agreement”) with Samsung C&T Hongkong Ltd and QSSC S.A.DE C.V., both subsidiaries of Samsung C&T (“Samsung”) on an offtake prepayment financing for the restart of operations at the past producing La Parrilla Silver Mine Complex (“La Parrilla”), in Durango, Mexico.

Key Highlights:

  • Facility: US$7.0 million (the “Amount”) secured Prepaid Financing Facility for 18 months

  • Interest Rate: 1-Month SOFR1 + 4.75%

  • Repayment Terms: Six months interest and capital repayment grace period from initial availability, with repayments made in equal monthly installments over a 12-month period. Repayments may be made as deductions from concentrate sales.

  •  Security: Corporate guarantee and share pledge, and first ranking security in the assets of La Parrilla.

  •  Offtake: Offtake for 100% of the lead-silver and zinc concentrate produced at La Parrilla over a two-year period.

Note 1. Secured Overnight Financing Rate

 

The proceeds of the Facility will be used to fund the restart of La Parrilla operations, including mill rehabilitation and upgrading, underground development and working capital for La Parrilla.

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Silver Storm Mining Inc.
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