Silver Valley Metals Files for Approval of Oversubscribed Non-Brokered Private Placement Financing
Silver Valley Metals Files for Approval of Oversubscribed Non-Brokered Private Placement Financing
Vancouver, British Columbia--(Newsfile Corp. - November 15, 2022) - Silver Valley Metals Corp. (TSXV: SILV) (OTCQB: SVMFF) ("Silver Valley" or the "Company"), a brownfields exploration Company with two potential high impact projects that comprise lithium - potassium (sulphate of potash) located in Zacatecas and San Luis Potosi, Mexico and silver-zinc-lead located in Idaho, USA respectively, is pleased to announce that it has filed documents with the TSX Venture Exchange (the "Exchange") for conditional approval of a $0.075 unit private placement financing (the "Financing"), for aggregate gross proceeds of up to $855,000, with a first tranche close of $697,283.55. On receipt of Exchange approval the Company will close the first tranche, issuing 9,297,114 units (the "Units"), each Unit consisting of 1 common share of the Company and 1 common share purchase warrant (the "Warrants"). Each warrant is exercisable at $0.15 for 24 months from the date of issue.
温哥華，不列顛哥倫比亞省-(Newsfile Corp.-2022年11月15日)-銀谷金屬公司(多倫多證券交易所股票代碼：SILV)(場外交易市場代碼：SVMFF)(以下簡稱“銀谷”或“公司”)是一家棕地勘探公司，擁有兩個潛在的高影響項目，包括鋰-鉀(鉀鹽的硫酸鹽分別位於墨西哥薩卡特卡斯和聖路易斯波託西的)和位於美國愛達荷州的銀鋅鉛業很高興地宣佈，它已向多倫多證券交易所創業板(“交易所”)提交文件，有條件地批准0.075美元的單位私募融資(“融資”)，總收益總額高達855,000美元，第一批融資結束於$697,283.55。於收到交易所批准後，本公司將結束首批發行，發行9,297,114個單位(“單位”)，每個單位由1股本公司普通股及1份普通股認購權證(“認股權證”)組成。每份認股權證可由發行日期起計24個月內以0.15元的價格行使。
President and CEO, Brandon Rook commented, "I'd like to take a moment to welcome and thank the many new and strategic investors into Silver Valley Metals. The foundation of the Company has never been stronger considering these challenging markets. It is very encouraging to see that our projects are being well received as they are developing to the drill stage (Idaho) which will ultimately test for new discoveries in addition to expanding on the known mineralization at our tier 1 project that has district size potential. We also look forward to a positive outcome from our substantial lithium and sulphate of potash deposit(s) in Mexico in the near term. We look forward to an eventful coming year building shareholder wealth from the current valuation."
Brandon Rook首席執行官兼首席執行官總裁表示：“我想花一點時間歡迎並感謝許多新的戰略投資者進入銀谷金屬公司。考慮到這些具有挑戰性的市場，公司的基礎從未像現在這樣強大。非常鼓舞人心的是，我們的項目受到好評，因為它們正在發展到鑽探階段(愛達荷州)，這將最終測試新的發現，除了擴大我們具有地區規模潛力的1級項目的已知礦化。我們也期待着我們在墨西哥的大量鋰和硫酸鹽鉀鹽礦藏在短期內取得積極的結果。我們期待着未來一年的豐富多彩，從目前的估值中積累股東財富。“
Proceeds from the Financing will be used for:
融資所得將用於：
Completing the phase 2 exploration campaign at the Ranger-Page project; this includes completing the comprehensive geological model from four phases of geophysical surveys, numerous geochemical surveys including soil sampling, rock chip and trench sampling, LIDAR integration, and fieldwork structural interpretation. These programs are ongoing. Following this, a compelling multi-target drill plan will be developed and marketed for the upcoming inaugural drill campaign.
To maintain its lithium - sulphate of potash (Li-SOP) project / deposit(s) in Mexico. This includes financing the legal dispute regarding the lithium aspect of its deposits which the Company anticipates being resolved in the coming months. The expectation has been given from the Supreme Court of Mexico that they will provide an answer to the validity of the Company's deposit(s) considering the amendment to the mining law that was undertaken by the Government this past April in a timely manner. All arguments in the Supreme Court have been heard. The Company's challenge is that the amendment to the mining law is not supported by the Mexican Constitution nor the international trade agreements between Canada and Mexico.
Project option payment for the Page Mine.
General working capital.
完成蘭格-佩奇項目的第二階段勘探活動；這包括完成地球物理調查的四個階段的綜合地質模型，包括土壤採樣、巖屑和溝渠採樣、激光雷達集成和野外構造解釋等眾多地球化學調查。這些計劃正在進行中。在此之後，將為即將到來的首屆演習活動制定和銷售一項引人注目的多目標演習計劃。
維持其在墨西哥的硫酸鋰鉀鹽項目/礦藏(Li-SOP)。這包括為與其存款的鋰方面有關的法律糾紛提供資金，該公司預計該糾紛將在未來幾個月內得到解決。墨西哥最高法院期望，考慮到政府今年4月對採礦法進行的修訂，他們將及時就公司存款的有效性提供答覆。最高法院的所有論點都已聽取。該公司面臨的挑戰是，採礦法修正案沒有得到墨西哥憲法和加拿大與墨西哥之間的國際貿易協定的支持。
佩奇礦山的項目期權付款。
一般營運資金。
On receipt of Exchange approval, the Company will pay cash finders' fees totaling $44,861 and issue 598,147 broker warrants, exercisable at $0.15 for 24 months from the date of issue.
在收到交易所批准後，該公司將支付總計44,861美元的現金尋找人費用，併發行598,147份經紀認股權證，自發行之日起24個月內可按0.15美元行使。
The Financing was effected with 3 insiders, for a total of 576,667 Units or $43,250, each insider subscription being a "related party transaction" as such term is defined under MI 61-101 - Protection of Minority Security Holders in Special Transactions. The Company is relying on exemptions from the formal valuation requirement of MI-61-101 under sections 5.5(a) and (b) of MI 61-101 in respect of the transaction as the fair market value of the transaction, insofar as it involves the interested party, is not more than 25% of the Company's market capitalization.
融資是與3名內部人士完成的，總計576,667個單位或43,250美元，每一項內部認購是一項“關聯方交易”，這一術語在MI 61-101-特殊交易中保護少數族裔證券持有人中得到了定義。本公司根據MI 61-101第5.5(A)及(B)條就該交易獲豁免遵守MI-61-101的正式估值要求，因為該交易的公平市值(就涉及利害關係方而言)不超過本公司市值的25%。
All securities issued pursuant to the Financing will be subject to a 4-month hold.
根據融資發行的所有證券將被持有4個月。
About: MexiCan lithium - potassium (sulphate of potash) project:
Silver Valley owns a 100% interest in a lithium and potassium bearing salar complex comprising 4,059 hectares on three mineral concessions (the "Mexican Projects") located on the Central Mexican Plateau in the states of Zacatecas, and San Luis Potosi, Mexico. The NI 43-101 inferred mineral resource contains 12.3Mt of Sulfate of Potash (SOP) and 243,000 tonnes of lithium carbonate equivalent (LCE) and remains open in all directions for expansion.
關於：墨西哥鋰鉀(鉀鹽的硫酸鹽)項目：
Silver Valley擁有位於墨西哥中部高原薩卡特卡斯州和墨西哥聖路易斯波託西三個礦產特許權(“墨西哥項目”)的4,059公頃鋰鉀薩拉爾綜合體100%權益。NI 43-101推斷的礦產資源含有12.3公噸硫酸鹽(SOP)和243,000公噸碳酸鋰當量(LCE)，並繼續向所有方向開放以供擴張。
About: Ranger-Page project:
The Ranger-Page Project ("The Project") is located in the Silver Valley in Northern Idaho, USA, 60 kilometres east of Coeur d'Alene and 1 kilometre from the I-90 freeway. In 2020 Idaho was ranked the first in the world in policy perception and 9th best mining jurisdiction (Fraser Institute Annual Mining Survey). The Project borders the famous Bunker Hill Mine to the east and for the first time consolidates the western extent of the prolific Silver Valley mining corridor by one operator in the past 100+ years.
關於：Ranger-Page項目：
護林員-佩奇項目位於美國愛達荷州北部的銀谷，距離Coeur d‘Alene以東60公里，距離I-90高速公路1公里。2020年，愛達荷州在政策認知方面排名世界第一，最佳採礦管轄權排名第九(弗雷澤研究所年度礦業調查)。該項目東部毗鄰著名的邦克山礦，在過去100多年中首次將多產的銀谷採礦走廊的西部範圍由一家運營商整合。
The Project is on patented claims, there are no royalties and comprise 6 historical mines. The largest of these, the Page Mine, was a top ten producer in the Silver Valley producing over 1 billion pounds of zinc and lead and 14.6 million ounces of silver. The Page Mine has high grade silver-zinc-lead historic reserves and remains wide open at depth beyond what has been defined to date.
該項目是基於專利主張，沒有特許權使用費，由6個歷史礦山組成。其中最大的是佩奇礦，是銀谷十大生產商之一，生產了超過10億磅的鋅和鉛以及1460萬盎司的銀。佩奇礦擁有高品位銀鋅鉛歷史儲量，並在超過迄今定義的深度內保持廣泛開採。
There is shared underground infrastructure connecting the larger Page mine with five shallow historic mines within the larger Project area. The Company has underground mining data and surface geological data that supports high grade silver-zinc-lead mineralization present within the shallow, undeveloped mines. These mines remain open at depth, and laterally along strike.
有共享的地下基礎設施，將較大的佩奇礦與較大項目區內的五個淺層歷史礦連接起來。該公司擁有地下采礦數據和地表地質數據，支持淺層未開發礦山中的高品位銀鋅鉛礦化。這些地雷仍在深部開採，並沿走向橫向開採。
Exploration potential beyond the historical mines is considered significant due to no modern systematic exploration applied to the project.
由於該項目沒有應用現代系統勘探，因此認為歷史礦山以外的勘探潛力很大。
On behalf of the Board of Directors of Silver Valley Metals,
我謹代表銀谷金屬公司董事會：
"Brandon Rook"
《布蘭登·魯克》
Brandon Rook, President & CEO, Director
總裁，董事首席執行官魯克
For further information please contact us at:
604-800-4710
info@silvervalleymetals.com
如需更多信息，請通過以下方式聯繫我們：
604-800-4710
郵箱：info@silvervalley metals.com
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
多倫多證券交易所創業板交易所尚未對本新聞稿的充分性或準確性進行審查，也不承擔任何責任。
The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.
本文中包含的信息包含適用證券法所指的“前瞻性陳述”。前瞻性陳述涉及基於管理層假設、對未來業績的預測以及對尚未確定的數額的估計的信息。任何表達預測、期望、信念、計劃、預測、目標、假設或未來事件或業績的陳述都不是歷史事實的陳述，可能是“前瞻性陳述”。前瞻性表述受各種風險和不確定因素的影響，可能導致實際事件或結果與前瞻性表述中反映的不同，包括但不限於：未能及時以可接受的條件獲得充分融資的風險；與法律訴訟結果有關的風險；與採礦和勘探有關的政治和監管風險；與維持證券交易所上市有關的風險；與環境監管和責任有關的風險；勘探或開發活動或完成可行性研究的可能性；盈利能力的不確定性；與解釋鑽探結果、礦藏的地質、品位和連續性有關的風險和不確定性；與生產和成本估計固有的不確定性有關的風險和可能出現的意外成本和開支；預可行性和可行性研究的結果，以及未來勘探、開發或採礦結果與公司預期不符的可能性；與大宗商品價格波動有關的風險；以及與公司在披露記錄中其他部分詳細介紹的前景、物業和業務有關的其他風險和不確定性。如果這些風險和不確定性中的一個或多個成為現實, 或者，如果基本假設被證明是不正確的，實際結果可能與前瞻性陳述中描述的結果大不相同。告誡投資者不要將不必要的確定性歸因於前瞻性陳述。這些前瞻性陳述是在本新聞稿發佈之日作出的，公司不承擔任何更新或修訂這些陳述以反映新事件或新情況的義務。實際事件或結果可能與公司的預期或預測大不相同。
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