Eric Sprott's Investment in Summa Silver: A Vote of Confidence in High-Grade Silver Projects

Vancouver, British Columbia--(Newsfile Corp. - May 28, 2024) - Eric Sprott, a prominent investor in the mining sector, has announced changes to his holdings in Summa Silver Corp. (TSXV: SSVR) (OTCQX: SSVRF) (FSE: 48X), reflecting his confidence in the company's growth prospects. Through 2176423 Ontario Ltd., a corporation beneficially owned by him, Eric Sprott purchased an additional 3,000,000 common shares of Summa Silver, bringing his total investment to 9,000,000 shares. This significant investment represents a 17.64% stake in the company on a non-diluted basis and a 21.50% stake on a partially diluted basis.

Eric Sprott's increased investment in Summa Silver Corp. is a testament to his confidence in the company's exploration potential and its management team. Summa Silver's primary projects, the Hughes property in central Nevada and the Mogollon property in southwestern New Mexico, are both prospective for high-grade silver mineralization. These projects have remained inactive since commercial production ceased and have not seen modern exploration prior to the Company's involvement. This untapped potential, along with the Company's aggressive exploration plans and strong management team, has likely attracted Eric Sprott's attention.



Summa Silver's projects have the potential to generate significant value for shareholders through the discovery and development of high-grade silver deposits. Eric Sprott's investment in the Company reflects his belief in the potential for value creation and the opportunity to generate substantial returns on his investment. As a well-known investor in the mining industry, Eric Sprott's endorsement of Summa Silver is a strong indication of the Company's potential for success.

In conclusion, Eric Sprott's increased investment in Summa Silver Corp. is a vote of confidence in the Company's growth prospects, reflecting his belief in the potential for value creation and the opportunity to generate substantial returns on his investment. Summa Silver's high-grade silver projects, aggressive exploration plans, and strong management team have likely attracted Eric Sprott's attention, making his investment a significant endorsement of the Company's potential for success in the exploration and development of its high-grade silver projects in the United States.