Corporate Update: Silver Storm Mining (SVRS.V)

Silver Storm Mining Ltd. (TSX: SVRS.V) closed the trading day on Friday, 23 November 2026, down 4.65 % at CAD 0.40. The company’s market capitalisation stood at CAD 271.4 million, with a 24‑hour trading volume of CAD 491.7 thousand and a 200‑day simple moving average of CAD 0.51. Over the last month, the stock has fallen 22.64 %. The most recent all‑time high was CAD 0.80 on 2 November 2026, while the 52‑week low of CAD 0.20 was reached on 11 June 2025.

Strategic Focus for 2027

Silver Storm announced its participation in the upcoming 2026 New Orleans Investment Conference at the Hilton New Orleans Riverside hotel. The firm will host a corporate breakfast on Thursday, 29 October, and invite attendees to Booth 137 to discuss progress at its La Parilla Silver Complex. Management emphasized the target of steady‑state production by early 2027. La Parilla currently operates a 2,000‑ton‑per‑day mill and three underground mining areas. Although mineral reserve estimates are not yet published, the ramp‑up is underway and the company is positioning itself for a rapid scale‑up.

Silver Storm also retains a 100 % interest in the San Diego silver project in Mexico, broadening its exposure to high‑grade silver deposits in the region.

Market Context

The company’s recent trading decline has been mirrored by a broader market shift. In the past 24 hours, peer performance varied:

  • Richards (RIC.TO) – up 0.44 %, CAD 29.11, market cap CAD 316 million, P/E 12.84
  • Blackrock Silver (BRC.V) – up 2.27 %, CAD 0.77, market cap CAD 324.6 million
  • Cabral Gold (CBR.V) – down 3.85 %, CAD 1.14, market cap CAD 319.3 million
  • First Phosphate (FRSPF) – down 5.26 %, CAD 1.61, market cap CAD 323.7 million

First Phosphate’s recent interim results highlighted increased exploration spending and a widened operating loss, underscoring the need for continued financing—a scenario that may influence investor sentiment toward resource companies such as Silver Storm.

Outlook

Silver Storm’s management remains confident that the La Parilla ramp‑up will yield production gains by early 2027, potentially stabilising the share price after the recent volatility. The company’s focus on a high‑grade silver complex, coupled with its Mexican interests, positions it to capitalize on growing demand for silver in industrial and clean‑energy applications.

Investors interested in the New Orleans conference may register online to secure a place at the corporate breakfast and Booth 137.

For further details, visit the company’s website at www.silverstorm.ca .