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3 clusters · 4 sources · 28 days · First seen · Last updated

Silver Storm Mining operations in Mexico

Overview

Silver Storm Mining has transitioned its La Parrilla silver-mine complex in Durango, Mexico, into a revenue-generating operation. In late July 2026, the company completed its first concentrate shipment, consisting of 105 dry metric tonnes of lead-silver concentrate and 70 dry metric tonnes of zinc concentrate.

Following this milestone, the company initiated a non-brokered private placement to fund drilling programs at the La Parrilla complex and support general corporate working capital. While the initial offering was set at $7.5 million—fully subscribed by Eric Sprott through 2176423 Ontario Ltd.—the company subsequently expanded the placement to up to 42,000,000 units, with potential gross proceeds reaching $21,000,000.

As of late August 2026, the company has closed a first tranche, issuing 29,250,000 units at $0.50 each for a total of $14,625,000. Eric Sprott’s participation in this expanded offering brings his total holdings to approximately 110,768,929 shares and 20,755,556 warrants, representing roughly 12.9% non-diluted ownership in the company.

Entities

Silver Storm Mining Ltd. · La Parrilla Silver Mine Complex · Eric Sprott · La Parrilla · 2176423 Ontario Ltd.

Timeline

  1. 18 days ago

    [BUSINESS] 2 sources
    Silver Storm Mining expands private placement to $21 million

    Silver Storm Mining has upsized its private placement to up to $21 million to fund drilling at the La Parrilla Silver Mine Complex, following a $14.6 million first tranche including investment from Eric Sprott.

  2. 21 days ago

    [BUSINESS] 3 sources
    Silver Storm Mining secures $7.5M private placement from Eric Sprott

    Silver Storm Mining is raising $7.5 million through a private placement fully subscribed by investor Eric Sprott to fund drilling at the La Parrilla Silver Mine in Mexico.

  3. about 2 months ago

    [BUSINESS] 4 sources
    Silver Storm Mining makes first concentrate shipment from La Parrilla mine in Mexico

    Silver Storm Mining shipped its first 105 dmt lead‑silver and 70 dmt zinc concentrates from La Parrilla in Durango, Mexico, marking a milestone under a pre‑payment contract and targeting 1,250 t/day processing.

Sources

ad-hoc-news.de · kmsnews.org · stocktitan.net · webdisclosure.com

This summary has been updated 1 time: see revision history