Silver47 and Summa Silver are merging into a single high-grade US based silver explorer with high grade silver projects in Alaska, New Mexico and Nevada. Below is a link to a video interview with Gary Thompson , CEO of Silver47 and the current Summa Silver CEO, Galen McNamara.
“This merger with Summa fits perfectly with our desire to scale up, providing better access to capital. We believe that this transaction is accretive to shareholders, and we look forward to unlocking further value by growing our resources and advancing them toward development. This transaction will hold several high-profile projects within one of the world’s top mining jurisdictions,” said Silver47’s CEO Gary Thompson.
Galen McNamara, CEO of Summa, stated: “This merger with Silver47 is a transformative step toward our shared vision of building a premier precious metals company moving towards 1 billion silver-equivalent ounces in the ground, anchored in America’s most prolific mining jurisdictions. By uniting Summa’s and Silver47’s high-grade projects, we expect to create a leading silver development company with the scale, expertise and ambition to unlock value for our shareholders and lead the next wave of development in the U.S. silver sector.”
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