Loading ...Oldie but a goodie
Old news, but did you realize what was happening when the news broke? Now, why would you secure 2 years of silver mining streams with a silver miner if silver was easy to get? They’ll take the interest on the loan (to Silver Storm( there’s a storm coming son!)), but the price of silver is not capped, they just want to be the only customer!! This tells you how industrial users of silver are feeling right now….a little paranoid about silver supply.
Silver Storm Enters into US$7.0M Offtake Financing with Samsung C&T for restart of La Parrilla Silver Mine Complex
Toronto, Ontario, October 10, 2025: Silver Storm Mining Ltd. (“Silver Storm” or the “Company“) (TSX.V: SVRS | OTC: SVRSF | FSE: SVR), is pleased to announce that it has entered into a definitive agreement (the “Agreement”) with Samsung C&T Hongkong Ltd and QSSC S.A.DE C.V., both subsidiaries of Samsung C&T (“Samsung”) on an offtake prepayment financing for the restart of operations at the past producing La Parrilla Silver Mine Complex (“La Parrilla”), in Durango, Mexico.
Key Highlights:
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Facility: US$7.0 million (the “Amount”) secured Prepaid Financing Facility for 18 months
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Interest Rate: 1-Month SOFR1 + 4.75%
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Repayment Terms: Six months interest and capital repayment grace period from initial availability, with repayments made in equal monthly installments over a 12-month period. Repayments may be made as deductions from concentrate sales.
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Security: Corporate guarantee and share pledge, and first ranking security in the assets of La Parrilla.
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Offtake: Offtake for 100% of the lead-silver and zinc concentrate produced at La Parrilla over a two-year period.
reposting from another board
He says it will create explosive demand for physical silver that will swamp the paper silver market.
It’s needed for more than that of a conductive medium. It is needed as an active material that keeps lithium from decaying. It could use 100grams of silver per car instead of the micrograms currently needed.
A solar guru says he has heard lots of battery breakthrough stories that never really get built. But Samsung has moved beyond concept and is building the factory. They have probably been buy silver for some time.
https://youtu.be/VajTt1hrT4k
Yeah, that’s a huge AI generating silver story youtube channel. I like it, but this is from the Silver Storm website, always verify. You don’t enter into this arrangement unless you are going forward with production. The real questions is how much will actually be used versus the projections, i.e. 1000kg of silver a battery as well as 20% EV penetration…Ford just wrote off 7 billion on their EV’s. So, we’ll see what global EV demand is, and how many are using the new silver Samsung Batteries versus older Lithium ones. If I had to choose as a driver, I’d go with the more expensive one that is way less likely to burst into flames in my attached garage to my house.
Sounds more lucrative than catalytic converters…