U.S. silver mining giants Silver47 and Summa Silver have merged, forming a leading American high-grade silver exploration and development company.
Silver47 Exploration Corp. and Summa Silver Corp. Combine Forces to Form Premier U.S.-Focused High-Grade Silver Explorer
After a court-approved merger on August 1, 2025, Silver47 Exploration Corp. and Summa Silver Corp. have joined forces to operate under the name Silver47 Exploration Corp. The merger has seen Summa become a wholly-owned subsidiary, with its shares delisted from the TSX Venture Exchange.
The combined company now positions itself as a premier U.S.-focused high-grade silver explorer and developer, with projects in Alaska, Nevada, and New Mexico collectively hosting well over 200 million silver equivalent ounces.
Key projects include the flagship Red Mountain project in Alaska and the Mogollon project in New Mexico, both viewed as having significant value and upside potential. The Red Mountain Project boasts an inferred mineral resource estimate of 15.6 million tonnes at 7% ZnEq or 335.7 g/t AgEq, totaling 168.6 million ounces of silver equivalent. The Mogollon Project, the largest historic silver producer in New Mexico, adds substantial value to the combined company.
The merged Silver47 is entering a rapid growth phase targeting aggressive exploration, development, and expansion of its high-grade silver assets. Recent exploration programs are underway, including drilling activities beginning in the 2025 summer season and ongoing geochemical surveys to refine drill targets, particularly in areas like the Adams Plateau terrain.
Financially, the combined company holds a strong cash position of approximately CA$15 million, supporting its planned growth and exploration efforts. Management emphasizes the strategic advantage of combining Summa’s year-round drilling capacities in the southern U.S. with Silver47’s seasonal operations in Alaska, aiming to maintain consistent news flow and investor visibility throughout the year.
The combined company's board of directors and management team includes members with deep experience in the capital markets and proven mine finding and mine development histories. An early warning report will be filed by Silver47 regarding its acquisition of Summa shares.
The merger is expected to benefit the combined company by improving visibility and access to capital, appealing to institutional investors seeking exposure to high-grade U.S.-based silver projects. Haywood Securities Inc. acted as exclusive financial advisor to Silver47, while Eventus Capital Corp. acted as exclusive financial advisor to Summa. Fasken Martineau DuMoulin LLP and Forooghian + Company Law Corporation served as the legal advisors to Silver47 and Summa, respectively.
Under the terms of the merger, Summa shareholders received 0.452 common shares of Silver47 in exchange for each Summa share. Each Summa option has been transferred to Silver47, with the holder receiving an option to purchase Silver47 Shares.
The combined company's mineral resources equal approximately 10 Moz AgEq at 333 g/t AgEq of indicated mineral resources and 236 Moz AgEq at 334 g/t AgEq in inferred mineral resources. This significant resource base provides a strong foundation for the company's growth strategies, which include organic and acquisitive growth to consolidate and create a high-quality silver portfolio in the U.S.
In summary, the merged Silver47 is poised to expand and develop a diverse portfolio of high-grade silver assets in North America, leveraging complementary projects, a strong financial footing, and a talented management team to capture opportunities amid renewed interest in U.S. mineral production.
As the merged Silver47 Exploration Corp continues to grow, it is attracting the attention of investors seeking to finance businesses in the critical metals sector, specifically high-grade silver projects. The company's financial advisors, Haywood Securities Inc. and Eventus Capital Corp, will likely facilitate investments, ensuring the continuous exploration, development, and expansion of Silver47's assets.
With a substantial resource base of approximately 10 Moz AgEq at 333 g/t AgEq of indicated mineral resources and 236 Moz AgEq at 334 g/t AgEq in inferred mineral resources, Silver47 offers a lucrative investing opportunity for those interested in the high-grade silver market. As the company solidifies its position as a premier U.S.-focused explorer and developer, it is expected to generate significant returns for its investors.
