Silver47 and Summa Silver Complete Merger to Form Premier U.S. High Grade Silver Explorer & Developer

Silver47 Exploration Corp. and Summa Silver Corp. have completed their merger, creating a premier US high-grade silver explorer and developer. The combined company will continue as Silver47 Exploration Corp. and has a portfolio of silver-rich mineral resources in the US, with approximately 10 Moz AgEq in indicated mineral resources and 236 Moz AgEq in inferred mineral resources. The merger enhances Silver47's scale and visibility in the emerging silver and critical metals market, positioning it to advance its vision and deliver ongoing value to shareholders.

Silver47 Exploration Corp. and Summa Silver Corp. have completed their merger, creating a premier US high-grade silver explorer and developer. The combined company, continuing under the name Silver47 Exploration Corp., will leverage the strengths of both entities to expand its portfolio and visibility in the emerging silver and critical metals market.

The merger brings together Silver47's robust exploration portfolio with Summa Silver's development capabilities. The combined company now has approximately 10 Moz AgEq in indicated mineral resources and 236 Moz AgEq in inferred mineral resources, enhancing its scale and positioning in the silver market [1].

Silver47's portfolio includes the Columba Silver Project in Chihuahua, Mexico, which recently released its maiden Mineral Resource Estimate (MRE). The MRE, effective as of May 29, 2025, includes Inferred mineral resources of 54.1 Moz of silver, 25.2 Mlbs of lead, and 65.6 Mlbs of zinc [1].

The Columba Project, a classic high-grade epithermal vein system, has seen significant exploration activity since Kootenay Silver Inc. acquired the property in 2019. Over 53,000 meters of drilling have been completed across various veins, with drilling activities continuing to extend mineralized zones to depth and along strike [1].

The merger also strengthens Silver47's position in the US market, with a focus on advancing its vision of delivering ongoing value to shareholders. The combined company will continue to explore and develop its portfolio of silver-rich mineral resources, positioning itself to capitalize on the growing demand for silver and critical metals.

References:
[1] https://www.prnewswire.com/news-releases/kootenay-completes-ni-43-101-technical-report-detailing-54-moz-at-284-gpt-silver-mineral-resource-estimate-at-columba-project-recommences-extension-drilling-302519391.html