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Silver Hammer Reaches Definitive Agreement to Acquire the Permitted Shafter Silver Mine Project and Announces Proposed Reorganization

Silver Hammer Reaches Definitive Agreement to Acquire the Permitted Shafter Silver Mine Project and Announces Proposed Reorganization

Silver Hammer 就收購許可的 Shafter Silver Mine 項目達成最終協議並宣佈擬議的重組
newsfile ·  2023/09/28 19:30

Vancouver, British Columbia--(Newsfile Corp. - September 28, 2023) - Silver Hammer Mining Corp. (CSE: HAMR) (the "Company" or "Silver Hammer") is pleased to announce that it has entered into a definitive share purchase agreement dated September 27, 2023 (the "Purchase Agreement") to acquire a 100% interest in the Shafter silver deposit (the "Shafter Project" or the "Project"), a previously producing high-grade silver mine located in Presidio County in Southwest Texas, from Aurcana Silver Corporation ("Aurcana") (the "Transaction"). The consideration to be paid by Silver Hammer for the Shafter Project includes cash of US$800,000 (less certain exclusivity fees and prepaid expenses), 23,000,000 shares, certain contingent payments (detailed below), and for the settlement of existing debt, the issuance of $4,000,000 in secured convertible debentures and 8,000,000 units (each comprising of a common share and 1⁄2 warrant at $0.33 for 2 years).

溫哥華,不列顛哥倫比亞省-(Newsfile Corp.-2023年9月28日)-銀錘礦業公司(CSE:HAMR)(“公司“或”銀錘“)欣然宣佈,公司已於2023年9月27日簽訂最終購股協定(採購協定“)收購Shafter銀礦的100%權益(”Shafter專案“或”專案),位於得克薩斯州西南部普雷西迪奧縣的高品位銀礦,來自Aurcana Silver Corporation(奧卡納“)(”交易記錄Silver Hammer就Shafter專案將支付的代價包括現金800,000,000美元(減去若干獨家費用及預付開支)、23,000,000股股份、若干或有付款(詳見下文),以及為清償現有債務,發行4,000,000美元有擔保可轉換債券及8,000,000個單位(各包括一股普通股及1個⁄2認股權證,為期兩年,按0.33美元計算)。

Highlights of the Shafter Project and Transaction:

Shafter專案和交易的亮點:

  • All material operational permits remain in place at the past-producing high-grade silver mine, which is located in western Texas, USA.
  • Past producer most recently in production from 2012-13 when operated by Aurcana. Approximately US$50 million was spent historically by Aurcana; in addition, Aurcana purchased the Shafter Project in 2008 for US$25 million. An estimated US$160 million has been invested in the property since the discovery of the deposit in the late 1800's.
  • Updated NI 43-101 Mineral Resource technical report with an Effective Date of September 15, 2023, including Measured and Indicated resources of 10.8 million ounces ("oz") of silver ("Ag") in 1.152 million tons grading 9.38 oz/ton Ag, and Inferred resources of 6.3 million oz of silver in 0.823 million tons grading 7.67 oz/ton Ag.
  • The silver deposit at the Shafter Project is classified as a carbonate replacement deposit ("CRD") and the geology at the project is similar to some the world's largest CRDs located just to the southwest in northern Mexico, including the Santa Eulalia Mine and Cinco de Mayo Project. Additional exploration upside was identified at regional priority targets from previous step-out drill holes to the southwest, which identified silver and gold mineralization.
  • There are opportunities to expand the current mineral resource within the project boundaries, as the Project has not been systematically explored, and the source of the Shafter CRD has never been identified.
  • Benefits from extensive site infrastructure including full access through portal/decline and extensive underground workings, ventilation and access shaft/hoist, and full processing plant including a 3,000 ton per day ball mill.
  • Project controls existing water rights, with an available local labor force, power grid located at site, a low royalty burden, and strong community relations and support.
  • Team of seasoned mining, metallurgical and exploration executives assembled to assist Silver Hammer as advisors and internal consultants.
  • 位於美國得克薩斯州西部的過去生產的高品位銀礦的所有材料運營許可證仍然有效。
  • 過去的製片人最近一次是在2012-13年間生產,當時由Aurcana運營。Aurcana歷史上花費了大約5000萬美元;此外,Aurcana在2008年以2500萬美元收購了Shafter專案。自19世紀末S發現該礦藏以來,估計已有1.6億美元投資於該礦藏。
  • 更新的NI 43-101礦產資源技術報告,生效日期為2023年9月15日,包括115.2萬噸品位為9.38盎司/噸的銀的測量和指示資源量為1,080萬盎司(“盎司”),以及品位為7.67盎司/噸的82.3萬噸的推斷資源量為630萬盎司的銀(“銀”)。
  • Shafter專案的銀礦被歸類為碳酸鹽交代礦床(“CRD“),該專案的地質情況類似於位於墨西哥北部西南部的一些世界上最大的CRD,包括Santa Eulalia礦和Cinco de Mayo專案。在西南部以前逐步退出的鑽探中發現了額外的勘探優勢,發現了銀和金礦化。
  • 由於該專案尚未得到系統勘探,而且Shafter CRD的來源從未確定,因此有機會在專案範圍內擴大目前的礦產資源。
  • 受益於廣泛的場地基礎設施,包括通過入口/斜井和廣泛的地下工作場所的完全進入,通風和進入豎井/提升機,以及完整的加工廠,包括每天3,000噸的球磨機。
  • 專案控制著現有的水權,擁有可用的當地勞動力,位於現場的電網,較低的特許權使用費負擔,以及強大的社區關係和支持。
  • 經驗豐富的採礦、冶金和勘探高管團隊聚集在一起,協助銀錘公司擔任顧問和內部顧問。

"The acquisition of the high-grade silver Shafter complex and permitted mine is a transformational point in Silver Hammer's transition and goal to become North America's next silver producer. Shafter contains an established mineral resource of approximately 10.8 million ounces of silver in the measured and indicated category and an additional inferred silver resource of approximately 6.3 million ounces. To ensure the project is advanced towards the development and production stages, Silver Hammer has attracted key senior level technical geological and mining advisors including previous VP Exploration and VP/COO Mining experts that held executive roles with Hudbay Minerals, Coeur Mining, Silver Standard, Centerra, Mag Silver, Probe Mines, Hecla, and Royal Oak Mines," commented Peter A. Ball, President and CEO of Silver Hammer Mining. "In addition to containing a significant silver resource, the Shafter Project is located in a politically safe jurisdiction in Texas, USA, is located adjacent to a paved highway with significant infrastructure including power grid through the middle of the Project, full control of water rights, a local work force and supportive community."

收購高品位白銀Shafter Complex和許可礦是Silver Hammer轉型的一個轉捩點,目標是成為北美下一家白銀生產商。Shafter的已探明礦產資源約為1,080萬盎司的已測量和指示類別的銀,另外還有約630萬盎司的推斷銀資源。為了確保該專案進入開發和生產階段,Silver Hammer吸引了關鍵的高級技術地質和採礦顧問,包括曾在Hudbay Minerals、Coeur Mining、Silver Standard、Centerra、Mag Silver、Probe Mines、Hecla和Royal Oak Mines擔任行政職務的前勘探副總裁和副總裁/COO礦業專家。 銀錘礦業首席執行官兼總裁彼得·A·鮑爾評論道。 除了擁有重要的白銀資源外,Shafter專案還位於美國得克薩斯州一個政治上安全的司法管轄區,毗鄰鋪設好的駭維金屬加工,該專案擁有重要的基礎設施,包括貫穿專案中部的電網、完全控制水權、當地勞動力和支持性社區。

Appointment of New Board Member

委任新的董事局成員

The Company is pleased to announce the appointment of Donald J. Birak as a newly appointed Director of Silver Hammer, replacing Joness Lang, who has stepped down from the Director role but will remain as a strategic advisor to assist the Company in ongoing corporate development initiatives. The Company appreciates Mr. Lang's significant contribution to the Company since its inception and agreeing to remain with the Company as a strategic advisor during this exciting phase of growth for the Company.

本公司高興地宣佈,任命唐納德·J·比拉克為新任命的銀錘公司董事總裁,接替已辭去董事職務但仍將擔任戰略顧問的喬內斯·朗,協助公司實施持續的企業發展計劃。公司感謝朗先生自公司成立以來對公司作出的重大貢獻,並同意在公司這一激動人心的增長階段繼續擔任公司的戰略顧問。

Mr. Birak joined the Company as a senior technical advisor earlier in 2023, and brings more than 45 years of experience in mineral exploration and operations, including the roles of Senior Vice-President of Exploration with Coeur Mining (2004 to 2013) responsible for global Greenfields and Brownfields exploration, Vice President of Exploration for AngloGold North America (1998 to 2004), Independence Mining Company (1995 to 1998), and Hudson Bay Mining & Smelting Ltd. (1992 to 1995) and Chief Geologist & Exploration Geologist for Freeport-McMoRan Gold Company (1978 to 1991), Mr. Birak brings a wealth of knowledge and expertise to the Silver Hammer team, and specifically to the advancement of the Shafter Silver Project.

Birak先生於2023年初加入公司擔任高級技術顧問,擁有超過45年的礦產勘探和運營經驗,包括Coeur Mining勘探高級副總裁總裁(2004年至2013年)負責全球綠地和棕地勘探,總裁副主任(1998年至2004年)、獨立礦業公司(1995年至1998年)和哈德遜灣採礦與冶煉有限公司(1992年至1995年)以及自由港麥克莫蘭黃金公司的首席地質學家和勘探地質師(1978年至1991年),Birak先生為銀錘團隊帶來了豐富的知識和專業技能。特別是對Shafter白銀專案的推進。

Newly Formed Executive Technical Team and Strategic Advisors

新組建的執行技術團隊和戰略顧問

Silver Hammer has recently assembled a highly experience technical team to complete due diligence to fully evaluate and to assist in advancing the Shafter Project through an accelerated strategy to complete a mineral resource expansion, initiate mine development towards future production by 2027. The team is made up of the following seasoned executives:

銀錘最近組建了一支經驗豐富的技術團隊,以完成盡職調查,全面評估並協助推進Shafter專案,通過加快戰略完成礦產資源擴張,啟動礦山開發,以期在2027年前投產。該團隊由以下經驗豐富的高管組成:

  • Lawrence Roulston, Director - 40+ years in project evaluation and experience mining executive. Currently President and CEO of MTB Metals Corp. and Chairman of Metalla Royalties.
  • 勞倫斯·羅爾斯頓,董事-40多年的專案評估和礦業高管經驗。現任MTB Metals Corp.首席執行官兼Metalla特許權使用費董事長總裁。
  • Ron Burk, Director - 40+ years in senior level precious metals exploration roles including VP Exploration for Silver Standard and Centerra. Silver Standard previously owned the Shafter deposit until 2008.
  • 羅恩·伯克,董事-40多年的高級貴金屬勘探工作經驗,包括銀標和Centerra勘探副總裁。在2008年之前,Silver Standard一直擁有Shafter礦藏。
  • Don Birak, newly appointed Director - 45+ years in senior level precious metals exploration roles including Sr. VP Exploration for Coeur Mining, and VP Exploration for AngloGold North America and Hudson Bay Mining Smelting.
  • Don Birak,新被任命為董事-45年以上的高級貴金屬勘探職位,包括Coeur Mining高級勘探副總裁以及盎格魯黃金北美和哈德遜灣礦業冶煉的高級勘探副總裁。
  • Dr. Peter Megaw, Geological Advisor - 45+ years in senior level precious metals exploration roles and recognized Carbonate Replacement Deposit ("CRD") systems. A co-founder of MAG Silver. Dr. Megaw's PhD work focused on the Santa Eulalia Ag-Pb-Zn District in Mexico, and he is credited with numerous discoveries in Mexico including Platosa (Excellon), Juanicipio-Fresnillo (Fresnillo/MAG Silver), and Pozo-Seco/Cinco de Mayo (MAG Silver).
  • Peter Megaw博士,地質顧問-45年以上的高級貴金屬勘探工作經驗,並認可碳酸鹽置換礦床(“CRD”)系統。MAG Silver的聯合創始人。Megaw博士的博士工作主要集中在墨西哥的Santa Eulalia銀鉛鋅區,他在墨西哥發現了許多礦藏,包括Platosa(卓越)、Juanicipio-Fresnillo(Fresnillo/MAG Silver)和Pozo-Seco/Cinco de Mayo(MAG Silver)。
  • Damir Cukor, Geological Advisor - 35+ years in resource development, project management, resource modelling and advisory roles.
  • Damir Cukor,地質顧問-在資源開發、專案管理、資源建模和諮詢方面有35年以上的經驗。
  • Michael Willett, Mining Advisor - Seasoned mining executive with 35+ years in mine engineering, development, and operations including senior level project evaluation and advisory roles for project re-starts with various mining companies across North America. Most recently Mr. Willett held the position of Vice President of Operations and Projects for Battle North Gold and was part of that team which successfully sold the company to Evolution Mining for $343 Million in 2021.
  • Michael Willett,礦業顧問經驗豐富的礦業高管,在礦山工程、開發和運營方面擁有35年以上的經驗,包括在北美多家礦業公司擔任高級專案評估和項目重新啟動諮詢角色。最近,威利特先生擔任北戰黃金公司運營和項目副總裁總裁,並是該團隊的一員,該團隊於2021年以3.43億美元的價格將公司成功出售給演進礦業公司。
  • Adrian McNutt, Mining and Metallurgical Advisor - Experienced mining executive and metallurgical consultant with 35+ years in the evaluation and precious metals operations across the Americas including executive positions as COO of Royal Oak Mines, and Century Mining.
  • 禤浩焯·麥克納特,礦業和冶金顧問-經驗豐富的礦業高管和冶金顧問,在美洲各地的評估和貴金屬業務方面擁有35年以上的經驗,包括擔任皇家橡樹礦業和世紀礦業的首席運營官。
  • Mike Petrina, P. Eng, Mining Advisor - 35+ years in the mining sector including senior level executive roles of VP Mining MAG Silver, VP Operations Probe Mining, VP Mining Hawthorne Gold, and multiple mine engineering advisory roles.
  • Mike,P.Eng,礦業顧問-在礦業領域擁有35年以上的經驗,曾擔任過多個高級管理職務,包括MIG Silver礦業副總裁、運營探測礦業副總裁、Hawthorne Gold礦業副總裁,以及多個礦山工程顧問職位。
  • Mike Gross, Mining Advisor - 45+ years with experience as a mine operator, operations executive and exploration executive in the Americas including VP Mining for Hecla Mining.
  • Mike·格羅斯,礦業顧問-45年以上,在美洲擁有礦山操作員、運營主管和勘探主管的經驗,包括赫克拉礦業的礦業副總裁。

The Company has engaged Echelon Capital Markets as its financial advisor with respect to the Transaction.

該公司已聘請Echelon Capital Markets公司作為該交易的財務顧問。

The Shafter Project

Shafter專案

The Shafter silver mine has all material permits in place with extensive surface infrastructure and underground workings including portal/decline and shaft access and a processing facility rated at approximately 1,500 tons per day. The project is located in west Texas and is fully accessible via paved highway from El Paso, Texas. Shafter has estimated measured and indicated resources of 10,803,000 ounces of silver and an inferred resource of 6,315,000 ounces of silver as summarized in Table 1. This estimate has been prepared for Silver Hammer Mining Inc. by RESPEC and is dated effective September 15, 2023 (the "Updated Mineral Resource Estimate") and an NI 43-101 Technical Report will be filed on SEDAR+ within 45 days of the date hereof.

Shafter銀礦擁有所有材料許可證,擁有廣泛的地面基礎設施和地下工作場所,包括入口/斜井和豎井通道,以及一個額定日產量約為1,500噸的加工設施。該專案位於得克薩斯州西部,從得克薩斯州埃爾帕索可以通過鋪設的駭維金屬加工完全到達。Shafter已估計已測量和指示的白銀資源量為10,803,000盎司,推斷資源量為6,315,000盎司,如表1所示。這一估計是由Respec為Silver Hammer Mining Inc.準備的,日期為2023年9月15日(“更新的礦產資源估算“),NI 43-101技術報告將在本合同生效之日起45天內提交SEDAR+。

Table 1: Mineral Resource Table effective September 15, 2023

表1:2023年9月15日生效礦產資源表

Estimated Resources* Tons oz/ton
Ag
Tonnes g/tonne
Ag
Contained
Ag Ounces
Measured 97,000 8.95 88,000 306.9 868,000
Indicated 1,055,000 9.42 957,000 323.0 9,935,000
Measured & Indicated 1,152,000 9.38 1,045,000 321.3 10,803,000
Inferred 823,000 7.67 747,000 263.0 6,315,000
估計資源* 盎司/噸
公噸 克/噸
包含
AG盎司
測量的 97,000 8.95 88,000 306.9 868,000
已指示 1055,000人 9.42 957,000 323.0 9935,000人
測量和指示 1,152,000 9.38 1045,000人 321.3 10,803,000
推論 823,000 7.67 747,000人 263.0 6,315,000人

*Updated Mineral Resource by RESPEC has effective date of September 15, 2023.

*REPEC更新的礦產資源的生效日期為2023年9月15日。

  1. The Updated Mineral Resource Estimate is reported by Mr. Michael S. Lindholm, Principal Geologist for RESPEC in short tons.
  2. The Updated Mineral Resource Estimate was prepared in accordance with Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards - For Mineral Resources and Mineral Reserves adopted May 10, 2014, and in accordance with National Instrument 43-101 "Standards of Disclosure for Mineral Projects" ("NI43-101").
  3. Mineral Resources are comprised of model blocks greater than or equal to the 4.2 oz Ag/ton cutoff.
  4. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.
  5. Mineral Resources potentially amenable to underground mining methods are reported using a silver price of US$23.50/oz, a throughput rate of 800 tons/day, assumed metallurgical recoveries of 84% for Ag, mining costs of US$60/ton mined, processing costs of US$19.88/ton processed, refining costs of US$0.50/oz Ag produced, and general and administrative costs of US$6.94/ton processed. Silver commodity price selected based on analysis of the three-year running average at the end of August 2023.
  6. Rounding may result in apparent discrepancies between tons, grade, and contained metal content.
  7. The estimate of Mineral Resources may be materially affected by environmental permitting, legal title, taxation, socio-political, marketing or other relevant issues, however, none are apparent at this time.
  1. 最新的礦產資源評估是由REPEC首席地質學家Michael S.Lindholm先生報告的,單位為短噸。
  2. 最新的礦產資源評估是根據加拿大礦業、冶金和石油學會2014年5月10日通過的礦產資源和礦產儲量定義標準以及國家文書43-101《礦產專案披露標準》(NI43-101“)。
  3. 礦產資源由大於或等於4.2盎司銀/噸分界線的模型區塊組成。
  4. 不屬於礦產儲備的礦產資源沒有顯示出經濟可行性。
  5. 按白銀價格23.50美元/盎司、產能800噸/天、假設銀的冶金回收率為84%、採礦成本為60美元/噸、加工成本為19.88美元/噸、精煉成本為0.50美元/盎司銀、一般及行政成本為6.94美元/噸的一般及行政成本,報告可能適用於地下采礦方法的礦產資源。白銀商品價格是根據2023年8月底的三年運行均線分析挑選出來的。
  6. 四捨五入可能會導致噸、品位和所含金屬含量之間的明顯差異。
  7. 礦產資源的估計可能會受到環境許可、法律所有權、稅收、社會政治、營銷或其他相關問題的重大影響,然而,目前還沒有任何明顯的問題。

Shafter History:

Shafter歷史:

  • The Shafter district was first discovered in 1880 or 1881, and the Presidio Mining Company was formed in 1881. Silver was produced from the Presidio mine from 1883 to 1926, when the American Metal Co. acquired the Shafter property and continued production (American Metal Co. subsequently merged with Climax Molybdenum Company to form American Metal Climax, Inc. ("AMAX").
  • From 1883 to 1942, when the Presidio mine was closed, total recorded production was 2.307 million tons of ore containing 35.153 million ounces of silver at an average grade of 15.24oz Ag/ton.
  • AMAX, Gold Fields Mining Corporation ("Gold Fields"), and Rio Grande Mining Company ("RGMC") successively held the Shafter property and conducted extensive exploration programs from 1926 to 1999. Gold Fields identified the northeastern, down-dip extension of the Shafter deposit, extending more than 5,000ft from the deepest development workings in the Presidio mine, through a systematic surface-drilling program. During the 1970s, Gold Fields constructed a 1,052ft deep shaft to access and explore the northeastern extension.
  • Aurcana purchased RGMC and the Shafter property in July 2008 for US$25 million. RGMC is now a wholly owned subsidiary of Aurcana. Aurcana began exploration at Shafter in 2011 and has conducted geophysical surveying, drilling, mapping, and geochemical sampling since that time. Aurcana drilled 65 surface and 101 underground holes from 2011 through October 2013.
  • A total of 1,694 drill holes are included in the resource database for the Shafter Project, of which 1,048 were drilled by AMAX, 403 were drilled by Gold Fields, 88 were drilled by RGMC prior to their acquisition by Aurcana, and 155 holes were drilled by RGMC since their acquisition by Aurcana.
  • These holes include 435 surface core holes, 1,171 underground core holes, and 88 reverse circulation holes. An additional eleven underground core holes were drilled by Aurcana in late 2013 after the database was finalized for use, but before the current resource estimate was completed. Aurcana also drilled five exploration holes in 2017 outside of the current resource area. These 2013 and 2017 holes do not impact the current resource estimate and are not included within the current drill database.
  • Aurcana reopened access into the Presidio mine on June 1, 2012, and production commenced on December 14, 2012, after spending approximately US$50 million including a portal/decline access, mill, and operations modifications. In conjunction with its underground operations, Aurcana began open-pit mining of lower-grade mineralization from the Mina Grande pit at the Presidio mine on April 23, 2012.
  • Mining was discontinued after the plant commissioning and testing phase were complete, due mostly in part to lower silver prices reaching close to US$17/oz and rushed production start-up issues. The mine was put on care and maintenance in December 2013.
  • An estimated US$160 million has been invested in the property since the discovery of the deposit in the late 1800's.
  • Significant opportunity exists regionally noting the geological setting of the Shafter Silver Deposit is on the eastern margin of the Chihuahua Trough, which is host to several world-class CRD (Carbonate Replacement Deposits) including the Santa Eulalia Mine (Grupo Mexico), Cinco de Mayo project (MAG Silver), and the Plomosas Property, a polymetallic deposit (GR Silver Mining).
  • Shafter區於1880年或1881年首次被髮現,Presidio礦業公司於1881年成立。1883年至1926年,美國金屬公司在Presidio礦生產白銀,當時美國金屬公司收購了Shafter的資產並繼續生產(美國金屬公司後來與頂峰鉬公司合併,成立了美國金屬頂峰公司(“AMAX”)。
  • 從1883年至1942年,Presidio礦關閉,記錄的總產量為230.7萬噸礦石,含銀3515.3萬盎司,平均品位為15.24盎司銀/噸。
  • 自1926年至1999年,Amax、Gold Fields礦業公司(“Gold Fields”)和Rio Grande礦業公司(“RGMC”)先後持有Shafter礦藏並進行了廣泛的勘探專案。Gold Fields確定了Shafter礦床的東北向下延伸,通過系統的地面鑽探計劃,從Presidio礦最深的開發工作區延伸了5000多英尺。在20世紀70年代,Gold Fields建造了一個1052英尺深的豎井來訪問和勘探東北延伸段。
  • Aurcana於2008年7月以2500萬美元收購了RGMC和Shafter地產。RGMC現在是Aurcana的全資子公司。Aurcana於2011年開始在Shafter勘探,自那時以來一直進行地球物理測量、鑽探、測繪和化探採樣。從2011年到2013年10月,Aurcana鑽了65個地面孔和101個地下孔。
  • Shafter專案的資源資料庫中共有1,694個鑽孔,其中1,048個是由AMAX鑽探的,403個是由Gold Fields鑽探的,88個是在被Aurcana收購之前由RGMC鑽探的,而RGMC自被Aurcana收購以來鑽探了155個。
  • 這些井包括地面取芯孔435個,地下取心孔1171個,反迴圈孔88個。2013年底,在資料庫最終投入使用之後,但在目前的資源估計完成之前,Aurcana又鑽了11個地下岩心孔。Aurcana在2017年還在當前資源區以外鑽探了五個勘探孔。這些2013和2017年的鑽孔不影響當前的資源估計,也不包括在當前的鑽探資料庫中。
  • Aurcana於二零一二年六月一日重新開放進入Presidio礦的通道,並於二零一二年十二月十四日開始生產,耗資約5,000萬美元,包括入口/下降通道、磨機及操作修改。配合地下作業,Aurcana於二零一二年四月二十三日開始在Presidio礦的Mina Grande礦坑露天開採低品位礦化。
  • 於工廠投產及測試階段完成後停止採礦,主要是由於銀價下跌至接近每盎司17美元,以及倉促啟動生產所致。該礦於2013年12月進行了保養和維護。
  • 自19世紀末S發現該礦藏以來,估計已有1.6億美元投資於該礦藏。
  • 該地區存在重大機遇,值得注意的是,Shafter銀礦的地質背景位於吉娃娃海槽的東緣,該海槽擁有多個世界級的CRD(碳酸鹽置換礦藏),包括Santa Eulalia礦(Grupo墨西哥)、Cinco de Mayo專案(MAG Silver)和Plomosas多金屬礦藏(GR銀礦)。

Transaction Details

交易細節

In connection with the Purchase Agreement, the Company will first complete a reorganization (the "Reorganization") whereby all of the Company's outstanding shares will be acquired by a newly incorporated company, Silver Hammer Metals Corp. ("Newco"), and shareholders of the Company will receive common shares of Newco ("Newco Shares") in exchange for their Company shares. Newco will then acquire all of the outstanding shares in the capital of Rio Grande Mining Corporation ("Rio Grande"), a subsidiary of Aurcana that owns the assets, property, rights and undertakings of and relating to the Shafter Project (the "Shafter Acquisition"). The Reorganization is expected to be implemented by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia) (the "Plan of Arrangement"), which will result in the Company becoming a wholly-owned subsidiary of Newco. Under the Plan of Arrangement, each common share of the Company will be exchanged for one Newco Share and the convertible securities of the Company will become exercisable for securities of Newco on an equivalent basis. The Reorganization is subject to approval of the Supreme Court of British Columbia and the shareholders of Silver Hammer.

關於購買協定,本公司將首先完成一項重組(“重組據此,本公司的全部流通股將由一家新成立的公司銀錘金屬公司(新公司),公司的股東將獲得Newco的普通股(“新公司 股票“)換取他們的公司股份。然後,Newco將收購Rio Grande礦業公司資本中的所有流通股(”格蘭德河),Aurcana的子公司,擁有Shafter Project(The Shafter Project)的資產、財產、權利和業務以及與之相關的資產、財產、權利和業務Shafter收購“)。重組預計將以法院批准的安排計劃方式實施。《商業公司法》(不列顛哥倫比亞省)(佈置圖“),這將導致本公司成為Newco的全資附屬公司。根據安排計劃,本公司的每股普通股將交換一股Newco股份,而本公司的可轉換證券將可按同等基準行使,以換取Newco的證券。重組須獲得不列顛哥倫比亞省最高法院和銀錘公司股東的批准。

On closing of the Transaction, in consideration for the shares of Rio Grande, Aurcana will receive a cash payment of US$800,000 (less certain exclusivity fees and prepaid expenses) and 23,000,000 Newco Shares at a deemed price of $0.25 per Newco Share. In addition, upon the completion of the next equity financing completed by Newco following the closing, Aurcana will receive an additional cash payment of US$375,000. Aurcana may also receive additional post-closing payments, payable in cash or shares, subject to the achievement of certain milestones within 48 months of closing of the Shafter Acquisition in the aggregate amount of up to US$3,000,0000, as follows: (a) up to US$1,000,000 will be payable in connection with the first public announcement of a new mineral resource estimate on the Shafter Project which includes measured and indicated mineral resources of at least 18 million ounces, (b) US$1,000,000 will be payable upon the Shafter Project entering commercial production, (c) US$500,000 will be payable if the spot price of silver is equal to or greater than US$30 per ounce for a period of 60 consecutive days, and (d) an additional US$500,000 will be payable if both (b) and (c), above, are met.

交易完成後,作為對Rio Grande股票的對價,Aurcana將獲得現金支付800,000美元(減去某些獨家費用和預付費用)和23,000,000股Newco股票,每股Newco股票的被認為價格為0.25美元。此外,在Newco完成交易後完成的下一次股權融資後,Aurcana將獲得額外的現金支付375,000美元。Aurcana還可在Shafter收購完成後48個月內獲得額外的現金或股票付款,總金額最高可達3,000,0000美元,具體如下:(A)首次公開宣佈Shafter專案新的礦產資源評估,其中包括至少1,800萬盎司的已測量和指示的礦產資源,將支付最多1,000,000美元;(B)Shafter專案進入商業生產時,將支付1,000,000美元;(C)如果白銀現貨價格連續60天等於或大於每盎司30美元,將支付500,000美元以及(D)如果上述(B)和(C)項都得到滿足,將額外支付500,000美元。

Newco has also entered into an agreement with noteholders of Rio Grande to settle certain outstanding debt of Rio Grande in connection with the Shafter Acquisition (the "Debt Settlement"). Pursuant to the Debt Settlement, Newco will acquire all of the outstanding notes of Rio Grande in the aggregate principal amount of $6,517,662 (the "Rio Grande Notes") in consideration for (a) an aggregate of 4,000 debenture units of Newco, each consisting of one $1,000 principal amount secured convertible debenture of Newco, representing $4,000,000 in total (the "Debentures"), and 2,000 common share purchase warrants of Newco (the "Warrants"), (b) an aggregate of 8,000,000 units of Newco, each consisting of one Newco Share and one-half of a Warrant, and (c) additional securities of Newco on the same terms as the Concurrent Financing (as described below) in settlement of all interest accrued on the Rio Grande Notes from August 31, 2023 to closing. The Debentures will be convertible into Newco Shares at the conversion price of $0.25 per Newco Share and each Warrant will entitle the holder thereof to purchase one Newco Share at the exercise price of $0.33 per Newco Share for a period of 24 months from closing.

Newco還與Rio Grande的票據持有人達成了一項協定,以清償Rio Grande與收購Shafter有關的某些未償債務(The清償債務根據債務和解協定,Newco將收購Rio Grande的全部未償還票據,本金總額為6,517,662美元(裡奧格蘭德筆記“)代價:(A)新公司合共4,000個債券單位,每個單位包括一個本金1,000美元的新公司可轉換債券,總額為4,000,000美元(”債券“),以及2,000份新公司的普通股認購權證(”認股權證“),(B)合共8,000,000股新公司股份,每份包括一股新公司股份及一半認股權證,及(C)新公司的額外證券,按與同時融資(如下所述)相同的條款進行,以清償自二零二三年八月三十一日起至收市為止就Rio Grande票據應計的所有利息。該等債券將可按每股新公司股份0.25美元的轉換價轉換為新公司股份,而每份認股權證持有人將有權按行使價每股新公司股份0.33美元購買一股新公司股份,由交易完成起計24個月。

On closing of the Transaction, Newco and Aurcana will enter into an investor rights agreement (the "Investor Rights Agreement") pursuant to which Newco and Aurcana will agree to certain investor rights and restrictions relating to the Newco Shares to be issued to Aurcana pursuant to the Shafter Acquisition. Under the Investor Rights Agreement, Aurcana will have the right to nominate one member of the Board of Directors of Newco, increasing to two directors if at any time Aurcana holds greater than 35% of the outstanding Newco Shares. Aurcana will agree to certain standstill restrictions and to vote its Newco Shares in accordance with recommendations of management and for a period of 24 months. In addition, the Newco Shares issued to Aurcana will be subject to voluntary resale restrictions with 25% of the Newco Shares being locked-up for 4 months from closing, 25% of the Newco Shares being locked-up for 8 months and the remaining 50% of the Newco Shares being locked up for a period of 12 months.

交易完成後,Newco和Aurcana將簽訂一項投資者權利協定(《投資者權利協定》“),據此,Newco和Aurcana將同意有關根據Shafter收購將向Aurcana發行的Newco股票的若干投資者權利和限制。根據投資者權利協定,Aurcana將有權提名Newco董事會的一名成員,如果Aurcana在任何時候持有Newco已發行股票的35%以上,Aurcana將有權提名兩名董事。Aurcana將同意某些停頓限制,並根據管理層的建議對其Newco股票進行投票,為期24個月。此外,向Aurcana發行的Newco股份將受到自願轉售限制的限制,其中25%的Newco股份將被鎖定4個月,25%的Newco股份將被鎖定8個月,其餘50%的Newco股份將被鎖定12個月。

In connection with the Shafter Acquisition and pursuant to the terms of the Purchase Agreement, Silver Hammer will arrange a concurrent equity financing for minimum gross proceeds of CAN$3,000,000 (the "Concurrent Financing"). The terms of the Concurrent Financing will be disclosed in a subsequent news release once finalized.

關於收購Shafter,並根據購買協定的條款,Silver Hammer將安排一項同時股權融資,最低總收入為3,000,000加元(“並行融資“)。同時融資的條款將在最終敲定後的後續新聞稿中披露。

Completion of the Shafter Acquisition is subject to a number of conditions, including: (i) the receipt of all required approvals of the shareholders of Aurcana and the Company; (ii) the receipt of all necessary regulatory and third party consents, approvals and authorizations, including all necessary stock exchange approvals; (iii) the Completion of the Concurrent Financing for minimum gross proceeds of CAN$3,000,000, (iv) the completion of the Reorganization and the Debt Settlement, (v) conditional approval of the CSE for the listing of the Newco Shares, including the Newco Shares to be issued in connection with the Shafter Acquisition, the Reorganization and the Debt Settlement, and (vi) other standard closing conditions for a transaction of this nature. The Transaction is an arm's length transaction. Upon completion of the Transaction, the Reorganization and the Debt Settlement, Silver Hammer shareholders are expected to own approximately 63% of the Newco Shares on a non-diluted basis (excluding securities to be issued pursuant to the Concurrent Financing).

Shafter收購的完成取決於一些條件,包括:(I)獲得Aurcana和公司股東的所有必要批准;(Ii)獲得所有必要的監管和第三方同意、批准和授權,包括所有必要的證券交易所批准;(Iii)完成最低總收益3,000,000加元的同時融資;(Iv)完成重組及清償債務;(V)有條件批准聯交所有條件批准Newco股份上市,包括就Shafter收購、重組及清償債務而發行的Newco股份;及(Vi)此類交易的其他標準成交條件。這筆交易是一筆公平的交易。完成交易、重組及清償債務後,預計銀錘股東將按非攤薄基準持有Newco約63%的股份(不包括根據同時融資而發行的證券)。

Trading Halt

停牌

Trading of the Company's common Shares has been halted as a result of the announcement of the proposed Transaction and the Company expects that trading will remain halted pending closing of the Transaction, subject to earlier resumption upon CSE acceptance of the proposed Transaction and the filing of required materials in accordance with the policies of the CSE, if and as applicable.

本公司普通股已因公佈建議交易而暫停買賣,本公司預期在交易完成前將繼續暫停買賣,但須待CSE接納建議交易及根據CSE政策(如適用)提交所需資料後才可較早恢復交易。

Additional information concerning the proposed Shafter Acquisition, the Reorganization, the Debt Settlement, the Shafter Project, and Newco will be provided in the management proxy circular of the Company to be prepared and delivered to shareholders of Silver Hammer, which will be available in due course under the Company's SEDAR+ profile.

有關建議中的Shafter收購、重組、債務清償、Shafter專案及Newco的其他資料將在本公司編制並送交銀錘股東的管理委託書通函中提供,該通函將於稍後在本公司的SEDAR+簡介下提供。

Qualified Person

有資格的人

All scientific and technical information in this press release has been prepared or reviewed and approved by Damir Cukor, P. Geo, an independent geological consultant of the Company, Linda Dufour, P.Eng, an independent metallurgical consultant of the Company, and Michael S. Lindholm, CPG of RESPEC. Each of Mr. Cukor, Ms. Dufour, and Mr. Lindholm are "qualified persons" for the purposes of NI 43-101. Mr. Cukor is the Qualified Person for all technical information in this news release, excluding the Updated Mineral Resource Estimate.

本新聞稿中的所有科學和技術資訊均由公司獨立地質顧問Damir Cukor,P.Geo,公司獨立冶金顧問Linda Dufour,P.Eng和REPEC CPG Michael S.Lindholm準備或審查和批准。庫科先生、杜福爾女士和林德霍爾姆先生都是符合NI 43-101規定的“合格人員”。Cukor先生有資格獲得本新聞稿中的所有技術資訊,但不包括最新的礦產資源估計。

About Silver Hammer Mining Corp.

關於銀錘礦業公司

Silver Hammer Mining Corp. is a junior resource company focused on advancing past-producing high-grade silver projects in the United States. Silver Hammer controls 100% of the Silver Strand Mine in the Coeur d'Alene Mining District in Idaho, USA, as well both the Eliza Silver Project and the Silverton Silver Mine in Nevada and the Lacy Gold Project in British Columbia, Canada. Silver Hammer's primary focus is defining and developing silver deposits near past-producing mines that have not been adequately tested. The Company's portfolio also provides exposure to copper and gold discoveries.

銀錘礦業公司是一家初級資源公司,專注於推進美國過去生產的高品位白銀專案。Silver Hammer 100%控制美國愛達荷州Coeur d‘Alene礦區的Silver Strand礦,以及內華達州的Eliza Silver Project和Silverton Silverton銀礦以及加拿大不列顛哥倫比亞省的Lacy Gold Project。Silver Hammer的主要重點是確定和開發過去生產的礦山附近未經充分測試的銀礦。該公司的投資組合還提供銅和金礦發現的風險敞口。

On Behalf of the Board of Silver Hammer Mining Corp.

代表銀錘礦業公司董事會。

Peter A. Ball
President & CEO, Director
E: peter@silverhammermining.com

彼得·A·鮑爾
董事首席執行官總裁
電子郵件:peter@silverhammermining.com

For investor relations inquiries, contact:

如需投資者關係諮詢,請聯繫:

Peter A. Ball
President & CEO
778.344.4653
E: investors@silverhammermining.com

彼得·A·鮑爾
總裁兼首席執行官
778.344.4653
電子郵箱:Investors@silverhammermining.com

Forward-Looking Information

前瞻性資訊

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information in this press release includes, without limitation, statements relating to the completion of the Shafter Acquisition, the completion of the Concurrent Financing, the completion of the Debt Settlement and the Reorganization. Completion of the Shafter Acquisition, the Reorganization and the Debt Settlement are subject to a number of conditions, as described elsewhere in this news release. There can be no assurance that these transactions will be completed as proposed or at all. These statements are based upon assumptions that are subject to significant risks and uncertainties, including risks regarding the mining industry, commodity prices, market conditions, general economic factors, management's ability to manage and to operate the business, and explore and develop the projects, of the resulting issuer, and the equity markets generally. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance of each of the Company and Aurcana may differ materially from those anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although each of the Company believes that the expectations reflected in forward looking statements are reasonable, they can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, the Company disclaims any intention and assume no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

本新聞稿包含適用於加拿大證券法的“前瞻性資訊”。本新聞稿中的前瞻性資訊包括但不限於與Shafter收購的完成、同步融資的完成、債務清償和重組的完成有關的陳述。完成對Shafter的收購、重組和債務清償受到一些條件的制約,正如本新聞稿中其他部分所述。不能保證這些交易將按計劃完成,或者根本不能保證。這些陳述是基於受重大風險和不確定因素影響的假設,這些風險和不確定因素包括採礦業風險、大宗商品價格、市場狀況、一般經濟因素、管理層管理和經營業務的能力、以及探索和開發專案的能力、由此產生的發行人以及總體上的股票市場。由於這些風險和不確定因素,以及各種因素的影響,公司和Aurcana的實際結果、預期、成就或業績可能與這些前瞻性陳述中預期和表明的大不相同。許多因素都可能導致實際結果與這些前瞻性陳述以及未來結果大不相同。儘管每個公司都認為前瞻性陳述中反映的預期是合理的,但他們不能保證任何前瞻性陳述的預期將被證明是正確的。除非法律另有要求,否則公司不打算也沒有義務更新或修改任何前瞻性陳述,以反映實際結果,無論是由於新資訊、未來事件、假設的變化、影響這些前瞻性陳述的因素的變化或其他原因。

This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

本新聞稿不構成出售要約或邀請出售美國境內任何證券的要約。這些證券沒有,也不會根據修訂後的《1933年美國證券法》(該法案)註冊。《美國證券法》“)或任何州證券法,不得在美國境內或向美國人提供或出售,除非根據美國證券法和適用的州證券法註冊或獲得此類註冊豁免。

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES

不得向美國新聞通訊社分發,或直接或間接、全部或部分、在美國境內或進入美國境內發佈、出版、分發或傳播

To view the source version of this press release, please visit

要查看本新聞稿的源版本,請訪問

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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