Silver47 Exploration - Insights On The Merger With Summa Silver
In this Company Update, we welcome Gary Thompson, CEO of Silver47 Exploration (TSX.V:AGA - OTCQB:AAGAF - FRA:QP2), to discuss the recently announced merger between Silver47 and Summa Silver. Following the merger, Gary will step into the role of Executive Chairman of the combined company. Gary explains the strategy behind building a larger, year-round silver explorer.
Key topics covered:
- Merger rationale: Accelerating growth by combining inferred and indicated silver-equivalent resources from projects in Alaska, Nevada, and New Mexico, totaling over 236 million oz AgEq inferred and 10 million oz AgEq indicated.
- Red Mountain (Alaska): The flagship asset, now with added critical minerals (antimony & gallium). Plans for up to $8M in exploration and a potential PEA in 2025.
- Hughes & Mogollon Projects: Two high-grade silver projects in the American Southwest from Summa Silver, offering year-round exploration flexibility.
- Capital strategy: How the team plans to grow without excessive dilution, using focused drilling and potential future M&A to drive scale.
- Leadership & vision: Gary Thompson and Summa CEO Galen McNamara aim to build a premier U.S. silver name, with ambitions to list on a major U.S. exchange.
📩 Have questions for Gary or the team? Send them in and we’ll get them answered! Fleck@kereport.com and Shad@kereport.com
Click here to read over the corporate presentation outlining the merger.
