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 positioned in north Idaho, USA and lithium – potassium (sulphate of potash) positioned 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 declares 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 effectively.
Mr. Miroslav (Miro) Reba is a companion 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 growing a clientele base via 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 worldwide relationships spanning main mining investor markets, together with Australia, the usA, and Canada. Mr. Reba has been concerned in and/or accountable for elevating greater than half a billion {dollars} so far.
Not too long ago, Mr. Reba has been notably lively within the lithium area, financing and strategically advising a number of best-in-class lithium initiatives throughout completely 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 arduous 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 legislation 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 sturdy progress, notably at its Mexi-Can lithium-potash undertaking, which is anticipated to come back again on-line quickly. Miro brings a wealth of information and expertise, notably within the lithium area and particularly delivering just lately with quite a few profitable financings and attracting, contributing, and supporting optimistic and long-lasting partnerships within the mining enterprise. We look ahead to a profitable 2024 in Mexico and Idaho.”
Company Replace:
The exploration season in Idaho on the Ranger-Web page silver-zinc-lead Challenge has concluded for the yr. A 24-hour-per-day project-wide trenching program focusing on quite a few potential areas on the undertaking, which have been outlined from its inaugural 2022 exploration program was accomplished along with highway constructing for drilling entry, drill platform preparations, subject mapping, geochemical assaying, and geological modelling. The Firm is happy to share outcomes in the end from floor discoveries and a number of other high-priority drill-ready targets just lately outlined.
Because of market situations and the onset of winter climate the Firm made the choice to not elevate further 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 possibility funds at Ranger-Web page, and growing 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 undertaking 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 traders for the event and future manufacturing on the undertaking. The Firm believes that there shall be a optimistic consequence for the Mexico undertaking and as soon as it’s reactivated it is going to be the catalyst for the Firm to boost 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 help via this era whereas we finalize an settlement with LitioMX. We have now a robust conviction that the undertaking 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) Challenge:
Silver Valley Metals Corp. owns a 100% curiosity in a lithium and potassium bearing salar advanced comprising 4,056 hectares on three mineral concessions (“the Mexico-Canada Challenge” or “Mexi-Can Challenge”) positioned 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 median of 5 metres depth. The salars stay large open in all instructions for growth.
About: Ranger-Web page undertaking:
The Ranger-Web page Challenge (“The Challenge”) 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 this planet in coverage notion and ninth greatest mining jurisdiction (Fraser Institute Annual Mining Survey). The Challenge 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 previously 100+ years.
The Challenge contains 6 historic mines on patented claims, with out royalties. The most important of those, the Web page Mine, was a prime 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 so far.
Historic mining on the properties have shared underground infrastructure from the bigger Web page mine to the Blackhawk mine. The Firm has underground mining knowledge and floor geological knowledge 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 vital as fashionable systematic exploration is being utilized to the undertaking for the primary time.
About: Silver Valley Metals:
Silver Valley Metals Corp. is a Canadian exploration firm comprised of a bunch of skilled exploration, mining, and financing specialists targeted on the pursuit of mineral discovery and improvement. We’re targeted 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 data 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-Trying statements relate to data that’s based mostly on assumptions of administration, forecasts of future outcomes, and estimates of quantities not but determinable. Any statements that specific predictions, expectations, beliefs, plans, projections, goals, assumptions or future occasions or efficiency are usually not statements of historic reality and could also be “forward-looking statements.” Ahead-Trying statements are topic to a wide range of dangers and uncertainties which may 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 enough financing on a well timed foundation and on acceptable phrases; dangers associated to the result of authorized proceedings; political and regulatory dangers related to mining and exploration; dangers associated to the upkeep of inventory alternate 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 regarding 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 won’t be in keeping with the Firm’s expectations; dangers associated to commodity value fluctuations; and different dangers and uncertainties associated to the Firm’s prospects, properties and enterprise detailed elsewhere within the Firm’s disclosure document. Ought to a number of of those dangers and uncertainties materialize, or ought to underlying assumptions show incorrect, precise outcomes might range materially from these described in forward-looking statements. Traders 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 mirror new occasions or circumstances. Precise occasions or outcomes may differ materially from the Firm’s expectations or projections.
