Mar. 2 at 12:32 PM
$SVRSF SAMSUNG FINANCING
Silver Storm Mining Ltd. secured a US
$7 million prepaid offtake financing facility from Samsung C&T Corporation (and its subsidiaries) in October 2025. The funds are dedicated to restarting the La Parrilla Silver Mine Complex in Durango, Mexico, with Samsung securing the rights to purchase 100% of the silver-lead and zinc concentrates for two years.
• Purpose: Restarting the La Parrilla mine, including rehabilitation and working capital.
• Financing Structure:
$7 million USD prepaid offtake facility.
• Offtake Agreement: Samsung C&T receives 100% of the silver-lead and zinc concentrate output for 24 months.
• Repayment: Monthly installments, starting in May 2026, with the option to repay through concentrate sales.
• Production Timeline: Production at La Parrilla is expected to resume in phases through 2026.
This strategic partnership allows Silver Storm to rehabilitate the previously idled mine, while Samsung secures a direct supply of raw materials.