Silver47 Announces Graduation to Tier 1 Status on the TSX Venture Exchange
Silver47 Announces Graduation to Tier 1
Status on the TSX Venture Exchange
Vancouver, British Columbia--(Newsfile Corp. - May 22, 2025) -
Silver47 Exploration Corp.
(TSXV:
AGA) (OTCQB: AAGAF) ("Silver47" or the "Company")
is pleased to announce that it has been
approved for graduation from Tier 2 to Tier 1 issuer status on the TSX Venture Exchange (the "TSXV")
effective May 23, 2025.
The TSXV classifies issuers into different tiers based on various factors, including financial
performance, stage of development, and available resources. Tier 1 is the TSXV's highest designation
and is reserved for more advanced companies with significant financial resources. This upgrade
signifies Silver47's continued growth and its commitment to providing long-term value for its
shareholders.
As a result of this graduation to Tier 1 status, the securities of Silver47, previously subject to the escrow
provisions of Tier 2 issuers, will now be governed by the release provisions of Tier 1 issuers, with the
securities being released over an 18-month period. The following securities will be immediately
releasable: 3,952,748 common shares, 462,500 options, and 131,250 restricted share units and/or any
common shares after the exercise of such convertible securities. The remaining escrowed securities will
be releasable as follows: 3,952,763 common shares, 462,500 options, and 131,2500 restricted share
units will be releasable on November 14, 2025, which is 12 months from listing (and/or any common
shares after the exercise of such convertible securities); and 3,952,764 common shares,
462,500
options, and 131,250 restricted share units will be releasable on May 14, 2026, which is 18 months from
listing (and/or any common shares after the exercise of such convertible securities).
About Silver47 Exploration Corp.
Silver47 Exploration Corp. is a Canadian-based exploration company that wholly-owns three silver and
critical metals (polymetallic) exploration projects in Canada and the US. These projects include the
Red
Mountain Project
in southcentral Alaska, a silver-gold-zinc-copper-lead-antimony-gallium VMS-
SEDEX project. The Red Mountain Project hosts an inferred mineral resource estimate of 15.6 million
tonnes at 7% ZnEq or 335.7 g/t AgEq, totaling 168.6 million ounces of silver equivalent, as reported in
the NI 43-101 Technical Report dated March 2, 2023. The Company also owns the
Adams Plateau
Project
in southern British Columbia, a silver-zinc-copper-gold-lead SEDEX-VMS project, and the
Michelle Project
in the Yukon Territory, a silver-lead-zinc-gallium-antimony MVT-SEDEX project. For
detailed information regarding the resource estimates, assumptions, and technical reports, please refer
to the NI 43-101 Technical Report and other filings available on SEDAR at
www.sedarplus.ca
. The
Common Shares are traded on the TSXV under the ticker symbol AGA.
For more information about the Company, please visit
www.silver47.ca
and see the Technical Report
filed on SEDAR+ (
www.sedarplus.ca
) and titled "Technical Report on the Red Mountain VMS Property
Bonnifield Mining District, Alaska, USA with an effective date January 12, 2024, and prepared by APEX
Geoscience Ltd.".
Follow us on social media for the latest updates:
Twitter:
@Silver47co
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Silver47
On Behalf of the Board of Directors
Mr. Gary R. Thompson
Director and CEO
For investor relations
Meredith Eades
778.835.2547
No securities regulatory authority has either approved or disapproved of the contents of this release.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this release.
FORWARD-LOOKING STATEMENTS
This release contains certain "forward looking statements" and certain "forward-looking information"
as defined under applicable Canadian securities laws. Forward-looking statements and information
can generally be identified by the use of forward-looking terminology such as "may", "will", "expect",
"intend", "estimate", "upon" "anticipate", "believe", "continue", "plans" or similar terminology. Forward-
looking statements and information include, but are not limited to: trading as a Tier 1 issuer on the
TSX Venture Exchange and release from escrow of escrowed shares; the statements in regards to
existing and future products of the Company; and the Company's plans and strategies.
Forward-
looking statements and information are based on forecasts of future results, estimates of amounts not
yet determinable and assumptions that, while believed by management to be reasonable, are
inherently subject to significant business, economic and competitive uncertainties and contingencies.
Forward-looking statements and information are subject to various known and unknown risks and
uncertainties, many of which are beyond the ability of the Company to control or predict, that may
cause the Company's actual results, performance or achievements to be materially different from
those expressed or implied thereby, and are developed based on assumptions about such risks,
uncertainties and other factors set out herein, including but not limited to: the ability to close the
Offering, including the time and sizing thereof, the insider participation in the Offering and receipt of
required regulatory approvals; the use of proceeds not being as anticipated; the Company's ability to
implement its business strategies; risks associated with general economic conditions; adverse
industry events; stakeholder engagement; marketing and transportation costs; loss of markets;
volatility of commodity prices; inability to access sufficient capital from internal and external sources,
and/or inability to access sufficient capital on favourable terms; industry and government regulation;
changes in legislation, income tax and regulatory matters; competition; currency and interest rate
fluctuations; and the additional risks identified in the Company's financial statements and the
accompanying management's discussion and analysis and other public disclosures
recently filed
under its issuer profile on SEDAR+ and other reports and filings with the TSXV and applicable
Canadian securities regulators. The forward-looking information are made based on management's
beliefs, estimates and opinions on the date that statements are made and the Company undertakes
no obligation to update forward-looking statements if these beliefs, estimates and opinions or other
circumstances should change, except as required by applicable securities laws.
No forward-looking statement can be guaranteed, and actual future results may vary materially.
Accordingly, readers are advised not to place undue reliance on forward-looking statements.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/253159