Silver Valley Metals Closes Non-Brokered Private Placement Financing
Silver Valley Metals Closes Non-Brokered
Private Placement Financing
Vancouver, British Columbia--(Newsfile Corp. - December 29, 2022) - Silver Valley Metals
Corp. (TSXV: SILV) (OTCQB: SVMFF) ("Silver Valley" or the "Company"), a brownfields
exploration Company with two potential high impact projects that comprise lithium - potassium
(sulphate of potash) located in Zacatecas and San Luis Potosi, Mexico and silver-zinc-lead
located in Idaho, USA respectively, has filed documents with the TSX Venture Exchange (the
"Exchange") seeking final approval to close its previously announced (see November 15, 2022
news release) $0.075 unit private placement financing (the "Financing"), for aggregate gross
proceeds of $969,283.55. On receipt of Exchange approval the Company will issue a total of
12,897,114 units (the "Units"), each Unit consisting of 1 common share of the Company and 1
common share purchase warrant (the "Warrants"). Each Warrant is exercisable at $0.15 for 24
months from the date of issue.
Cash finder's fees totaling $64,061 and 854,147 broker warrants, exercisable at $0.15 for 24
months from the date of issue, will be paid.
All securities issued pursuant to the Financing will be subject to a 4-month hold.
About: MexiCan lithium - potassium (sulphate of potash) project:
Silver Valley owns a 100% interest in a lithium and potassium bearing salar complex comprising
4,059 hectares on three mineral concessions (the "Mexican Projects") located on the Central
Mexican Plateau in the states of Zacatecas, and San Luis Potosi, Mexico. The NI 43-101 inferred
mineral resource contains 12.3Mt of Sulfate of Potash (SOP) and 243,000 tonnes of lithium
carbonate equivalent (LCE) and remains open in all directions for expansion.
About: Ranger-Page project:
The Ranger-Page Project ("The Project") is located in the Silver Valley in Northern Idaho, USA,
60 kilometres east of Coeur d'Alene and 1 kilometre from the I-90 freeway. In 2020 Idaho was
ranked the first in the world in policy perception and 9th best mining jurisdiction (Fraser Institute
Annual Mining Survey). The Project borders the famous Bunker Hill Mine to the east and for the
first time consolidates the western extent of the prolific Silver Valley mining corridor by one
operator in the past 100+ years.
The Project is on patented claims, there are no royalties and comprise 6 historical mines. The
largest of these, the Page Mine, was a top ten producer in the Silver Valley producing over 1
billion pounds of zinc and lead and 14.6 million ounces of silver. The Page Mine has high grade
silver-zinc-lead historic reserves and remains wide open at depth beyond what has been defined
to date.
There is shared underground infrastructure connecting the larger Page mine with five shallow
historic mines within the larger Project area. The Company has underground mining data and
surface geological data that supports high grade silver-zinc-lead mineralization present within
the shallow, undeveloped mines. These mines remain open at depth, and laterally along strike.
Exploration potential beyond the historical mines is considered significant due to no modern
systematic exploration applied to the project.
On behalf of the Board of Directors of Silver Valley Metals,
"Brandon Rook"
Brandon Rook, President & CEO, Director
For further information please contact us at:
604-800-4710
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
The information contained herein contains "forward-looking statements" within the meaning of
applicable securities legislation. Forward-looking statements relate to information that is based
on assumptions of management, forecasts of future results, and estimates of amounts not yet
determinable. Any statements that express predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance are not statements of historical fact and
may be "forward-looking statements." Forward-looking statements are subject to a variety of
risks and uncertainties which could cause actual events or results to differ from those reflected in
the forward-looking statements, including, without limitation: risks related to failure to obtain
adequate financing on a timely basis and on acceptable terms; risks related to the outcome of
legal proceedings; political and regulatory risks associated with mining and exploration; risks
related to the maintenance of stock exchange listings; risks related to environmental regulation
and liability; the potential for delays in exploration or development activities or the completion
of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the
interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related
to the inherent uncertainty of production and cost estimates and the potential for unexpected
costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future
exploration, development or mining results will not be consistent with the Company's
expectations; risks related to commodity price fluctuations; and other risks and uncertainties
related to the Company's prospects, properties and business detailed elsewhere in the Company's
disclosure record. Should one or more of these risks and uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary materially from those described
in forward-looking statements. Investors are cautioned against attributing undue certainty to
forward-looking statements. These forward-looking statements are made as of the date hereof
and the Company does not assume any obligation to update or revise them to reflect new events
or circumstances. Actual events or results could differ materially from the Company's
expectations or projections.