Silver Storm SVRSF: 26% owned by First Majestic, 11% owned by Eric Sprott

[RTaber1]

Silver Storm's La Parilla mines (three mines in one location) in Durango State, Mexico produced 34 million ounces of silver from 2006 to 2019, but
closed that year because the price of silver, then about $19 to $20, was too low.

In 2022, La Parilla and San Diego mines changed ownership. Together they have about 300 million ounces of silver reserves. The largest new
shareholder became First Majestic (26%) and Eric Sprott (11%). In its entirety, Silver Storm owns the third largest silver deposit in Mexico.
Production is scheduled to resume in the second quarter of 2026 with silver now at $100 per ounce. When the company changed hands in
2022, the new owners were projecting $30 silver as their market price. The silver margin at the moment is larger than any gold producer's
margin that I am aware of, which is also very substantial. Once production has begun and the first operating quarter is posted, management
will give production guidance and cost per ounce info.

Unless some new player wants to challenge their status, First Majestic is the "Kim Kardashian" of the silver industry. They have a well-oiled
publicity machine and a mailing list of mineral investors that is probably the world's longest. They spend the most on publicity than any other
mineral producer. Why is this important? For the simple reason that buyers of penny stock gold and silver plays are high risk speculators
susceptible to "enthusiam." What will add to the enthusiasm for Silver Storm is that Samsung, one of the world's top semi-conductor and
electronics firms has signed a sales contract to buy the first two years of Silver Storm's production. This may actually limit their profits
if silver keeps rising, but it adds a foundation for sales revenues that demonstrates the adults are in charge.

Silver Storm will be news because it is the re-opening of one of Mexico's most important silver districts. Durango State is highly supportive
of mineral production and now anyone who wants to see for themselves can connect at DFW and arrive in Durango in the early afternoon.
I am suggesting stock analysts who have poured out barrels of ink on AI may wish to find a start-up with legs in the mineral sector, particularly
after President Trump has added silver to the nation's "critical mineral" list for the first time in 2025. Silver is one of the best conductors of
electricity and therefore crucial in many technological developments, especially the solar industry.

[mikelp]

First Majestic ( $ AG) is also the largest holding by far in the Sprott Silver Miners & Physical Silver ETF ($ SLVR)

full disclosure: long $ SLVR

[dan_s]

Watch my discussion with the CEO of Silver Storm: https://www.youtube.com/watch?v=na_hajYIlL0

Silver Storm should be selling silver to Samsung in Q2 2026. At today's price of silver, the company will be generating a lot of free cash flow.