Silver Mountain Finalizing US$10 Million Prepayment Facility to Advance the Reliquias Project
Silver Mountain Finalizing US$10 Million
Prepayment Facility to Advance the Reliquias
Project
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN OR INTO
THE UNITED STATES
TORONTO
,
July 8, 2025
/CNW/ - Silver Mountain Resources Inc. ("Silver Mountain" or the
"Company") (TSXV: AGMR) is pleased to announce that it is in the final stages of negotiating a
US$10 million
prepayment facility (the "Facility") with Trafigura PTE Ltd. ("Trafigura") a leading
commodities group. The Company, through its Peruvian subsidiary Sociedad Minera Reliquias
S.A.C. ("AGMR Peru"), and Trafigura have agreed upon indicative terms and are in the process of
preparing definitive documentation for the Facility.
The Facility is intended to provide strategic funding to support the continued development of Silver
Mountain's flagship Reliquias silver-polymetallic project, located in Huancavelica,
Peru
.
Highlights of the Facility are expected to include:
Amount:
Up to
US$10,000,000
.
Availability:
Multiple drawdowns over a 9-month period following execution, subject to an
approved development plan and satisfaction of certain conditions precedent.
Security:
First ranking security over the assets of AGMR Peru.
Grace Period:
18 months (interest-only).
Final Maturity:
60 months, including grace period.
The Company is now focused on concluding definitive documentation for the Facility.
Alvaro Espinoza
, CEO of Silver Mountain Resources, commented:
"This Facility will represent a
significant step forward for Silver Mountain and a strong vote of confidence from Trafigura. We are
proud to partner with a global leader as we move closer to production at Reliquias. This funding
will allow us to continue executing on our development plan and generating long-term value for our
stakeholders."
The Facility will represent another key milestone in Silver Mountain's path toward building a high-
quality, sustainable mining operation in one of
Peru's
most prospective silver districts.
The entering into of the Facility remains subject to certain conditions, including the completion of
satisfactory due diligence by Trafigura and the execution of definitive documentation. While the
Company and Trafigura are working collaboratively, there can be no assurance that the Facility will
be completed. The Company will provide further updates with regards to the Facility.
About Silver Mountain Resources Inc.
Silver Mountain Resources Inc. is a Canadian mining company focused on the development of silver
and polymetallic projects in
Peru
. The Company's flagship asset is the Reliquias Project, located in a
prolific mining district with established infrastructure and strong community relations.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information within the
meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to
Silver Mountain's current expectations and views of future events. Any statements that express or
involve discussions as to expectations, beliefs, plans, objectives, assumptions, or future events or
performance (often, but not always, through the use of words or phrases such as "will likely result,"
"are expected to, "expects", "will continue," "is anticipated," "anticipates," "believes," "estimated,"
"intends," "plans," "forecast," "projection," "strategy," "objective" and "outlook") are not historical
facts and may be forward-looking statements and may involve estimates, assumptions, and
uncertainties which could cause actual results or outcomes to differ materially from those expressed
in such forward-looking statements. Forward-looking statements in this news release include, but
are not limited to, statements in respect of the terms and completion of the Facility. No assurance
can be given that these expectations will prove to be correct, and such forward-looking statements
included in this news release should not be unduly relied upon. These statements speak only as of
the date of this news release.
Forward-looking statements are based on a number of assumptions and are subject to a number of
risks and uncertainties, many of which are beyond Silver Mountain's control, which could cause
actual results and events to differ materially from those that are disclosed in or implied by such
forward-looking statements. Such risks and uncertainties include, but are not limited to, the factors
set forth under "Caution Regarding Forward-Looking Statements" and "Risk Factors" in the
Company's Annual Information Form dated
April 26, 2024
, and other disclosure documents available
on the Company's profile on SEDAR+ at
www.sedarplus.ca
. Silver Mountain undertakes no
obligation to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required by law. New factors emerge
from time to time, and it is not possible for Silver Mountain to predict all of them or assess the
impact of each such factor or the extent to which any factor, or combination of factors, may cause
results to differ materially from those contained in any forward-looking statement. Any forward-
looking statements contained in this news release are expressly qualified in their entirety by this
cautionary statement.
SOURCE
Silver Mountain Resources Inc.
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For further information:
For Further Information Contact: Alvaro Espinoza, Chief Executive Officer,
Silver Mountain Resources Inc, 82 Richmond Street East, Toronto, ON M5C 1P1, +51 997 377 968,
[email protected] , www.agmr.ca
CO: Silver Mountain Resources Inc.
CNW 07:00e 08-JUL-25