Silver Storm Advances Offtake Financing FOR Restart of LA Parrilla Silver MINE Complex
NEWS RELEASE
SILVER STORM ADVANCES OFFTAKE FINANCING FOR
RESTART OF LA PARRILLA SILVER MINE COMPLEX
Toronto, Ontario, May 8, 2025: Silver Storm Mining Ltd. (“Silver Storm” or the "Company") (TSX.V:
SVRS | OTC: SVRSF | FSE: SVR), is pleased to report the Company has made excellent progress
towards securing debt and offtake-linked project financing proposals for the restart of operations at
the past producing La Parrilla Silver Mine Complex (“La Parrilla”), in Durango, Mexico.
Silver Storm has received several non -binding proposals from leading trading houses for multi-year
lead and zinc concentrate offtake agreements , as well as traditional debt providers . Each proposal
includes an associated prepayment or structured finance facility to provide near -term funding for
restart activities at La Parrilla.
The proposals received to-date include:
• Financing facilities ranging from US$15 - US$17 million
• Duration of 36 - 48 months
• Annual interest rates based on SOFR 3-month rate 1 + acceptable customary premium
Note 1. Secured Overnight Financing Rate
All proposals are subject to customary conditions precedent, including satisfactory due diligence ,
compliance and documentation, commercial offtake contracts for 100% of production during the facility
tenor, acceptable pledge guarantees, and credit committee approval. There can be no assurance that
definitive agreements for the financing facilities will be entered into and completed on terms which are
acceptable or at all.
About Silver Storm Mining Ltd.
Silver Storm Mining Ltd. holds advanced-stage silver projects located in Durango, Mexico. Silver Storm
recently completed the acquisition of 100% of the La Parrilla Silver Mine Complex, a prolific operation
which is comprised of a 2,000 tpd mill as well as five underground mines and an open pit that
collectively produced 34.3 million silver -equivalent ounces between 2005 and 2019. The Company
also holds a 100% interest in the San Diego Project , which is among the largest undeveloped silver
assets in Mexico. For more information regarding the Company a nd its projects, please visit our
website at www.silverstorm.ca.
For additional information, please contact:
Greg McKenzie, President & CEO
Ph: +1 (416) 504-2024
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 news release.
Cautionary Note Regarding Forward Looking Statements:
Certain statements in this news release are forward -looking and involve a number of risks and
uncertainties. Such forward-looking statements are within the meaning of the phrase ‘forward-looking
information’ in the Canadian Securities Administrators’ National Instrument 51 -102 – Continuous
Disclosure Obligations. Forward -looking statements are not comprised of historical facts. Forward -
looking statements include estimates and statements that describe the Company’s future plans,
objectives or goals, including words to the effect that the Company or management and Qualified
Persons (in the case of technical and scientific information) expects a stated condition or result to
occur. Forward -looking statements may be identified by such terms as “believes”, “anticipates”,
“expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward -looking statements are
based on assump tions and address future events and conditions, by their very nature they involve
inherent risks and uncertainties. Although these statements are based on information currently
available to the Company, the Com pany provides no assurance that actual results will meet
management’s expectations. Risks, uncertainties and other factors involved with forward -looking
information could cause actual events, results, performance, prospects and opportunities to differ
materially from those expressed or implied by such forward -looking information. Forward -looking
information in this news release includes, but is not limited to: statements regarding the structure and
terms of the prepayment or structured finance facilities, the ability of the Company to close a
prepayment or structured finance facility based on the indicative terms including size of the financing
facility, the tenor of financing facility and annual interest rate; the timing and ability of the Company to
complete additional financing transactions; and the ability of the Company to restart operations at La
Parrilla and the timing thereof.
In making the forward -looking statements included in this news release, the Company have applied
several material assumptions, including that: definitive agreements for the prepayment or structured
finance facilities will be entered into and will close on the anticipated terms; the Company´s financial
condition and development plans do not change because of unforeseen events; management’s ability
to execute its business strategy and no unexpected or adverse regulatory changes with respect to La
Parrilla. 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 achievement s 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.
Such forward -looking information represents managements and Qualified Persons (in the case of
technical and scientific information) best judgment based on information currently available. 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 or
information.