202622 releases
Silver Spruce Receives TSXV Conditional Approval of Debt Settlement
The TSX Venture Exchange has conditionally approved a debt settlement of $20,000, to be satisfied by issuing 210,526 common shares at a deemed price of $0.095 per share. The settlement will close upon receipt of final TSXV approval, and the shares will be subject to a four-month hold period from the date of issuance.
CorporateSilver Spruce to Settle Outstanding Indebtness
Debt settlement agreements have been signed with a company owned by a former officer and director of Silver Spruce Resources to settle outstanding indebtedness of $66,125 for $20,000. The Company will issue 210,526 common shares at a deemed value of $0.095 per share. The settlement is subject to TSX Venture Exchange approval.
NewsSilver Spruce Resources Announces New Chief Financial Officer
Kevin Thieneman has been appointed Chief Financial Officer of Silver Spruce Resources, replacing Michael Kinley, following approval by the Board of Directors. Thieneman, a former Certified Public Accountant and licensed attorney in Illinois and previously President of Caterpillar Inc.'s Forest Products Division, is also Chairman of the Corporation. The Audit Committee has been reconstituted as Kevin O'Connor (Chair), Lisa Ng and Don Hunter.
ManagementSilver Spruce Resources, Inc. Purchases 100% Interest In Pino De Plata Claims In Mexico
A 100% interest in the four Pino de Plata concessions in Chihuahua, Mexico has been acquired under an assignment agreement executed July 2, 2026, replacing the option agreement announced May 30, 2025. Silver Spruce paid $10,000 (U.S.), owes 10 per cent of gross proceeds on any future sale, $15,000 (U.S.) in 2027 and 2028 and $25,000 (U.S.) annually thereafter, with no royalties or exploration spending requirements. Land access negotiations with landowner representatives continue ahead of a proposed phase 1 drilling program.
AcquisitionSilver Spruce Resources, Inc. Adds Mining, Energy, and Finance Development Experience to the Board and Announces Director Resignation
Don Hunter has been appointed as an independent director of Silver Spruce Resources. Michael Kinley has resigned as a director. The board approved a grant of 200,000 stock options to Mr. Hunter, each exercisable for one common share at 12 cents per share for five years from the date of grant, under the company's stock option plan.
ManagementSilver Spruce Resources, Inc. Adds Mine Production Knowledge to the Board
Lisa Ng has been appointed an independent director of Silver Spruce Resources, with plans to join the audit committee. Ng is currently an independent director at Eastern Platinum Limited and is a CPA with over 25 years' experience in mining, information technology, biotech and insurance, including executive roles at Nevada Copper Corp. and American Bonanza Gold Corp. The board also granted her 200,000 stock options exercisable at 12 cents per share for five years from the grant date.
ManagementSilver Spruce Resources, Inc. Announces Management Changes and Option Grants
Kevin O'Connor has been appointed president and chief executive officer and Michael Kinley chief financial officer of Silver Spruce Resources, effective June 9, 2026, subject to TSX Venture Exchange approval. O'Connor had been an independent director since 2019, while Kinley, interim CFO since May 2023, resigned as chief executive officer. The board also approved the grant of 1,125,000 stock options to directors, officers, employees and consultants, exercisable at 15 cents per share for five years from the grant date.
ManagementSilver Spruce Resources Inc. Provides An Update On The Jackie Project Acquisition
TSX Venture Exchange approval has been received for Silver Spruce Resources' acquisition of Colibri Resource Corp.'s 50-per-cent interest in the Jackie gold-silver property in Sonora, Mexico. Consideration is $25,000 worth of Silver Spruce common shares plus a 1-per-cent net smelter return royalty on future production. Closing is expected once Colibri obtains TSX-V approval, after which Silver Spruce will hold a 100-per-cent interest. Kevin O'Connor, a director of both companies, abstained from voting.
AcquisitionSilver Spruce Resources Inc. Announces close of non-brokered Private Placement
The second and final tranche of a non-brokered private placement closed with 615,168 units at 20 cents per unit for gross proceeds of $123,033.60, each unit comprising one common share and one warrant exercisable at 30 cents for four years. With the first tranche closed April 1, 2026 (3,696,250 units for $739,250), the offering totalled 4,311,418 units for $862,283.60. A finder receives $2,400 cash and 12,000 warrants at 30 cents. Proceeds fund exploration and working capital.
FinancingSilver Spruce Resources Inc. Announces Results of Annual and Special Meeting of Shareholders
Shareholders approved all items of business at Silver Spruce Resources' annual and special meeting held May 5, 2026, adjourned from April 28, 2026 due to lack of quorum. Michael Kinley, Kevin O'Connor and Kevin Thieneman were elected directors, with Paul Smith not standing for election for personal reasons, and Charlton & Company was appointed auditor. Shareholders also passed an ordinary resolution amending and restating the stock option plan established in November 2024, subject to TSX Venture Exchange approval.
CorporateSilver Spruce Resources Inc. Announces Change to Director Slate for Annual General and Special Meeting of Shareholders
Paul Smith will not stand for election to the board at Silver Spruce Resources' 2026 annual general and special meeting, citing personal reasons, and will remain Vice President, Exploration. The meeting has been adjourned from April 28, 2026 at 2:00 pm (Atlantic Time) to May 5, 2026 at 2:00 pm (Atlantic Time). Previously distributed proxies remain valid, though votes cast for Mr. Smith's election will be disregarded; the record date remains March 19, 2026.
CorporateSilver Spruce Resources Announces Resumption Of Exploration At Its Melchett Lake Au-Ag-Zn-Pb-Cu Volcanogenic Massive Sulphide Project, Nakina, Ontario
Phased exploration will resume at the 100-per-cent-owned Melchett Lake VMS zinc-lead-copper-gold-silver project near Nakina, Northern Ontario, covering 93 contiguous exploration cells totalling 2,325 hectares. Phase 1 will verify earlier geochemical assays, geology, structural controls and quartz-sericite-pyrite alteration and review previously recommended drill locations; Phase 2, contingent on those results, may include up to 1,200 metres of NQ core. Historical grades include 28.8 g/t Au, 565 g/t Ag, 19.15 per cent Zn, 2.2 per cent Pb and 0.40 per cent Cu. Permit applications and discussions with the Aroland and Ginoogaming first nations are proceeding.
Drill resultsSilver Spruce Resources Inc. Announces Extension Of Non-Brokered Private Placement
The TSX Venture Exchange granted Silver Spruce Resources an extension to close the second and final tranche of its non-brokered private placement, now expected on or before May 18, 2026. Units are priced at 20 cents, each with one common share and one warrant exercisable at 30 cents for four years. The first tranche closed April 1, 2026, issuing 3,696,250 units for $739,250, with $39,560 in finder commissions and 197,800 finder warrants; insiders subscribed for 233,750 units.
FinancingSilver Spruce Resources Inc. Announces Adoption Of Quarterly Reporting Exemption Under Coordinated Blanket Order 51-933
Silver Spruce Resources has adopted semi-annual financial reporting under Coordinated Blanket Order 51-933, which permits eligible venture issuers to move from quarterly to semi-annual reporting. The company will no longer file interim financial statements and MD&A for the three months ending Jan. 31 and the nine months ending July 31, beginning with the nine months ending July 31, 2026. It will continue filing audited annual statements within 120 days of Oct. 31 and six-month interim reports within 60 days of April 30.
CorporateSilver Spruce Resources Inc. Announces Adjournment of Annual General and Special Meeting of Shareholders
Silver Spruce Resources' 2026 annual general and special meeting of shareholders has been adjourned from April 28, 2026 at 2:00 pm (Atlantic Time) to May 5, 2026 at 2:00 pm (Atlantic Time). At adjournment, two shareholders were present in person and proxies represented approximately 7.98% of outstanding common shares entitled to vote, short of the requisite 10% quorum. The record date remains the close of business on March 19, 2026, and previously submitted proxies will be voted unless properly revoked.
CorporateSilver Spruce Resources Inc. Announces Close of $739,250 First Tranche of Non-Brokered Private Placement and Extension
A first tranche of Silver Spruce Resources' non-brokered private placement closed with 3,696,250 units issued at CAD$0.20 per unit for gross proceeds of $739,250, each unit comprising one common share and one warrant exercisable at $0.30 for four years. Finders receive $39,560 cash and 197,800 warrants at $0.30 for 48 months; insiders subscribed for 233,750 units. The offering has been extended, with the second and final tranche expected to close on or before May 4, 2026. Proceeds are for exploration and working capital.
FinancingSilver Spruce Resources Inc. Announces Non-Brokered Private Placement for Proceeds of up to $2,000,000
A non-brokered private placement of up to 10,000,000 units at $0.20 per unit for proceeds of up to $2,000,000 has been launched, with each unit comprising one common share and one warrant exercisable at $0.30 for four years from closing. The offering is expected to close on or about March 27, 2026, subject to TSX Venture Exchange acceptance. Proceeds are intended for exploration of the company's mineral projects and general working capital; insiders may participate.
FinancingSilver Spruce Appoints Vice-President of Exploration
Paul K. Smith, P.Geo., has been appointed Vice-President of Exploration of Silver Spruce Resources, effective immediately. Smith is a Qualified Person under NI 43-101, a graduate of Acadia University, currently CFO of Triple One Metals Inc. and Founder and President of Earth Science Consulting NS 2025 Ltd., with prior geological work on the Bilbao Deposit in Mexico. The company's portfolio is focused on the Pino de Plata silver project in Chihuahua and the Jackie Au-Ag project in Sonora, Mexico.
ManagementSilver Spruce Announces Director and Officer Resignation
Greg Davison, P.Geo. has stepped down from Silver Spruce Resources' Board of Directors and from his role as Vice-President, Exploration, effective January 23, 2026. Davison had been with the Company since 2017. Silver Spruce's exploration portfolio includes the Jackie Au-Ag Project in eastern Sonora, Mexico and the Pino de Plata Ag Project in western Chihuahua, Mexico.
ManagementCorrection to Press Release Issued on January 16, 2026 Announcing Closing of $976,000 Non-Brokered Private Placement
A correction was issued to the January 16, 2026 press release announcing the closing of Silver Spruce Resources' $976,000 non-brokered private placement. The initial release incorrectly stated the offering comprised 976,000 units; the correct number is 9,760,000 units. No other information in the initial release has changed.
FinancingSilver Spruce Resources Inc. Announces Closing of $976,000 Non-Brokered Private Placement
A non-brokered private placement closed for gross proceeds of $976,000 through the issuance of 976,000 units at $0.10 per unit, each unit comprising one common share and one warrant exercisable at $0.15 for three years, with a hold period expiring May 17, 2026. Finder fees of $22,440 and 224,400 finder warrants exercisable at $0.15 for three years were issued. Net proceeds will fund exploration of the company's mineral projects and general working capital, subject to final TSX Venture Exchange approval.
FinancingSilver Spruce Resources Inc. Announces Grant of Options
An aggregate of 2,100,000 stock options has been granted to certain directors, officers, employees and consultants of Silver Spruce Resources Inc. following board approval. Each option is exercisable for one common share at $0.30 per share for five years from the date of grant, under the Corporation's stock option plan.
Corporate
20253 releases
Silver Spruce Announces Non-Brokered Financing of up to $1,000,000
A non-brokered private placement of up to 10,000,000 units at $0.10 per unit for gross proceeds of up to $1,000,000 has been launched, with each unit comprising one common share and one full warrant exercisable at $0.15 for three years from closing. The placement is expected to close on or before December 31, 2025, subject to TSX Venture Exchange approval, with finder's fees payable. Proceeds will fund exploration of the company's mineral projects and general working capital.
FinancingSilver Spruce Resources Inc. Completes Share Consolidation
A share consolidation on the basis of one post-consolidation common share for every fifteen pre-consolidation shares has been completed, reducing issued and outstanding shares from 324,152,832 to 21,610,189. The shares are expected to begin trading on the TSX Venture Exchange on a post-consolidation basis at markets open on November 4, 2025, under the symbol SSE with new CUSIP 828229302 and ISIN CA8282293023. Outstanding warrants and options will be adjusted to reflect the consolidation ratio.
CorporateSilver Spruce Resources Inc. Provides Update On Share Consolidation
A share consolidation on the basis of one post-consolidation common share for every 15 pre-consolidation shares will take effect October 31, 2025, subject to regulatory approvals, having been approved at the November 5, 2024 shareholder meeting. Shares will continue trading on the TSXV under the symbol SSE with a new CUSIP (828229302) and ISIN (CA8282293023), with post-consolidation trading expected to begin on or about November 4, 2025. Shares outstanding would fall from 324,152,832 to approximately 21,610,188.
Corporate