[REVISION HISTORY]

Silver Storm Mining operations in Mexico

Updated 1 time since CLSTR started tracking revisions of this situation.

What changed

2026-08-21 21:47 UTC → 2026-08-26 13:13 UTC · added ~~removed~~

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 ~~announced~~ initiated a ~~$7.5 million~~ non-brokered private placement ~~in August 2026. The offering, fully subscribed by Eric Sprott through 2176423 Ontario Ltd., is intended~~ 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.

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