Silver Mountain Announces Resignation of Alfredo Plenge as a Director Toronto ,
SILVER MOUNTAIN ANNOUNCES
RESIGNATION OF ALFREDO PLENGE AS A
DIRECTOR
TORONTO
,
Oct. 17, 2025
/CNW/ - Silver Mountain Resources Inc. ("
Silver Mountain
" or the
"
Company
") (TSXV: AGMR) (OTCQB: AGMRF) (BVL: AGMR) today announces that
Alfredo
Plenge
has resigned from his position as a Director of the Company, effective
October 17, 2025
.
The Company thanks Mr. Plenge for his service and contributions to the board.
Mr.
Plenge Thorne
has been a Director of Silver Mountain since
December 31, 2020
and has
provided valuable experience and guidance to the Company. His decision to step down was made
for personal reasons.
The board of directors extends its sincere appreciation to Mr. Plenge Thorne for his dedication
during his tenure, which included significant company milestones such as Silver Mountain's initial
public offering (IPO) in 2022 and several subsequent financings, secondary stock exchange listings
on the Lima Stock Exchange and OTCQB in 2022, leadership and management transitions,
significant underground drilling campaigns at Reliquias to identify new high-grade mineralization and
extending known veins, a new resource estimate for the Reliquias project doubling the contained
silver content in the measured and indicated categories, consolidating its land position in the
Castrovirreyna district through its acquisition of the Lira de Plata project from Pan American Silver in
2022, delivering a positive PEA in
May 2024
for the Reliquias project highlighting its economic
viability, securing an extension of the Company's Environmental Impact Assessment (EIA) permit
until 2034 and receiving final government approval for its mine closure plan in 2024, signing a 20-
year surface land-use agreements with local communities in 2024 and 2025, a crucial step for
restarting mining operations, and beginning preparatory work for restarting the Reliquias project in
September 2025
, including mine development and maintenance of the processing plant and tailings
facility.
The Company wishes him all the best in his future endeavors.
The board will now consist of José Vizquerra (Chairman),
Juan Carlos Ortiz
,
Julio Arce
,
Tim
Loftsgard
,
Johnny Decooman
and
Gerardo Fernandez
. Mr. Plenge will remain as a consultant to the
Company through a period of transition.
About Silver Mountain Resources Inc.
Silver Mountain Resources Inc. is a Canadian mining company focused on the exploration and
development of silver projects in
Peru
. The Company's principal asset is the Reliquias Project, a
past-producing silver mine located in the Castrovirreyna district of Huancavelica. Silver Mountain is
committed to creating long-term value for its shareholders through responsible mining, strong
community engagement, and sustainable development practices.
www.agmr.ca
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.
SOURCE
Silver Mountain Resources Inc.
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http://www.newswire.ca/en/releases/archive/October2025/17/c4624.html
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For further information:
For further information, please contact: Alvaro Espinoza, Chief Executive
Officer, Silver Mountain Resources Inc., 82 Richmond Street East, Toronto, ON M5C 1P1, +51 997
377 968, [email protected]
CO: Silver Mountain Resources Inc.
CNW 20:28e 17-OCT-25