Silver Mountain Secures Final Authorization to Restart Operations with 20-Year Land Use Agreement with Salcca Santa Ana Community
Silver Mountain Secures Final Authorization to
Restart Operations with 20-Year Land Use
Agreement with Salcca Santa Ana Community
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THE UNITED STATES
/
TORONTO
,
July 16, 2025
/CNW/ - Silver Mountain Resources Inc. ("Silver Mountain" or the
"Company") (TSXV: AGMR) is pleased to announce the signing of a landmark 20-year surface land
use agreement (the "Agreement") with the Community of Salcca Santa Ana, marking the final
approval required to restart operations at the Company's flagship Reliquias Mine, located in the
historic mining district of Castrovirreyna, in Huancavelica,
Peru
.
The Agreement grants Silver Mountain long-term access to key surface areas critical for
infrastructure, mining operations, and environmental management. It complements the 20-year
agreement previously secured with the Community of Castrovirreyna, meaning that all community-
related and regulatory approvals are now in place to recommence production activities at the
Reliquias Mine.
The Agreement was reached through an inclusive and respectful dialogue process, reinforcing Silver
Mountain's commitment to building strong and enduring partnerships with local communities.
"This milestone clears the path for a full restart of the Reliquias Mine," stated Álvaro Espinoza, CEO
of Silver Mountain Resources. "We are extremely grateful for the support and trust of the Salcca
Santa Ana community. With both cornerstone community agreements secured, we are ready to
move forward with a modern and responsible mining operation that will generate long-term value for
all our stakeholders — from our investors to the local population."
With this final agreement secured, Silver Mountain will commence preparations to begin development
and operations at the Reliquias Mine. The Company will provide updates in due course outlining the
project development schedule and key milestones.
About Silver Mountain Resources Inc.
Silver Mountain Resources Inc. is a Canadian silver exploration and development company focused
on the restart of its 100%-owned silver-polymetallic projects in central
Peru
. The Company's
principal asset is the past-producing Reliquias underground mine, which is being advanced toward
recommencement of operations. Silver Mountain is committed to high environmental and social
standards and aims to build one of the next great Peruvian silver producers.
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 recommencement of operations at the Reliquias
Mine. 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: Investor Relations, Silver Mountain
Resources Inc., Email: [email protected], Silver Mountain Resources Inc, 82 Richmond Street East,
Toronto, ON M5C 1P1, +51 997 377 968, www.agmr.ca
CO: Silver Mountain Resources Inc.
CNW 22:31e 16-JUL-25