202614 releases
Silver Viper Announces Resignation of Director
Arthur Freeze has resigned as a director of Silver Viper Minerals Corp., effective August 23, 2026. The Board will consist of five directors following the resignation, and the Company does not intend to appoint a replacement at this time.
ManagementSilver Viper Receives Additional Infill Drilling Results from the Program at The El Rubi Zone, La Virginia Project in Sonora, Mexico
Infill drilling at the El Rubi zone of the La Virginia gold-silver project in Sonora, Mexico returned 15.8 m of 2.20 g/t Au and 355.2 g/t Ag (6.91 g/t AuEq) from 241.5 m in hole LV26-356, 11.0 m of 2.70 g/t Au and 177.6 g/t Ag from 171.0 m in LV26-357, and 5.85 m of 1.83 g/t Au and 92.3 g/t Ag from 137.50 m in LV26-355. Nine additional holes totalling 3,239.10 m bring the program to 8,885.5 m in 27 holes since October 2025, tightening spacing to 20–25 m. Three holes returned no significant intervals.
Drill resultsOur President and CEO, Steve Cope, presented at the Metals Investor Forum in Vancouver
President and CEO Steve Cope presented at the Metals Investor Forum in Vancouver in May 2026, giving an overview of the company's current exploration priorities and the La Virginia resource expansion program. The release also points to a backstage interview with Peter Krauth of Silver Stock Investor recorded at the forum, held May 8-9, 2026.
CorporateOur President and CEO, Steve Cope, joined the Live Discussions at the Hard Money Conference
President and CEO Steve Cope took part in live discussions at the Hard Money Conference June 2026: Gold, Silver & Bitcoin. He discussed the company's long-term exploration strategy of building resource packages intended to attract interest from major and mid-tier miners, and gave his macro perspective on the current state of the silver market.
CorporateSilver Viper CEO Steve Cope Shares Company Update at the May 2026 Metals Investor Forum
A presentation by President and CEO Steve Cope at the May 2026 Metals Investor Forum in Vancouver covering the company, its current priorities, and its La Virginia Gold-Silver Project in Sonora, Mexico. Cope also spoke with Peter Krauth of Silver Stock Investor about Silver Viper's recent developments, market positioning, and the silver and precious metals environment.
CorporateSilver Viper Announces Adoption of Semi-Annual Reporting Framework
Silver Viper Minerals has elected to adopt semi-annual reporting under BC Instrument 51-933, which exempts eligible British Columbia venture issuers from certain interim filing requirements of National Instrument 51-102. The Company will not file interim financial statements, MD&A or officer certifications for the three-month period ended March 31, 2026, with its next interim disclosure covering the six-month period ending June 30, 2026. Silver Viper intends to continue filing semi-annually and remains subject to timely disclosure obligations.
CorporateSilver Viper Minerals Completes Acquisition of the Coneto Silver-Gold Project
The acquisition of the Coneto Silver-Gold Project in Durango, Mexico from Fresnillo plc and Orex Minerals has closed, with Silver Viper issuing 25,531,875 common shares at a deemed price of C$0.80 to satisfy the US$15 million (C$20,425,500) purchase price, subject to a four-month hold period. Fresnillo received 15,628,060 shares, about 13.19% of outstanding shares, and entered an investor rights agreement with anti-dilution rights. Ruben Alvidrez was appointed to the Board. Coneto covers 4,995 hectares with Fresnillo as operator.
AcquisitionSILVER VIPER MINERALS UPGRADES TO OTCQX BEST MARKET
Silver Viper Minerals has qualified to trade on the OTCQX Best Market, upgrading from the OTCQB Venture Market, with its common shares beginning trading today under the symbol VIPRF. The company's Mexican portfolio includes the La Virginia Gold-Silver Project in Sonora, the Cimarron Gold-Copper Project in Sinaloa, and the Coneto Silver-Gold Project, which it is in the process of acquiring.
CorporateSilver Viper Hits 11.70 M @ 9.18 G/T Au And 352.0 G/T Ag Including 0.50 M @ 183.50 G/T Au And 6,850 G/T Ag While Infill Drilling At El Rubi And Expands The 5,000 M Drill Program At La Virginia Project In Sonora Mexico
Infill drilling at the El Rubi resource area of the La Virginia gold-silver project in Sonora, Mexico returned 11.7 m of 9.18 g/t Au and 352.0 g/t Ag from 236.5 m in hole LV26-345, including 0.5 m of 183.5 g/t Au and 6,850.0 g/t Ag, plus 2.62 m of 50.66 g/t Au and 158.09 g/t Ag in LV26-344. Exploration holes LV25-331 and LV25-336 at El Molino cut 3.5 m of 1.25 g/t Au and 3.17 m of 1.66 g/t Au. A total of 5,646.4 m has been drilled and the 5,000 m program is being expanded.
Drill resultsSILVER VIPER MINERALS ANNOUNCES EXECUTION OF DEFINITIVE AGREEMENT TO ACQUIRE THE CONETO SILVER-GOLD PROJECT
A definitive share purchase agreement dated March 13, 2026 was executed with Fresnillo plc and Orex Minerals Inc. to acquire 100% of the Coneto Silver-Gold Project in Durango, Mexico, buying Fresnillo's 61.21% and Orex's 38.79% interests in the joint venture company. Silver Viper will issue 25,531,875 common shares at a deemed price of C$0.80 to satisfy the US$15 million (C$20,425,500) purchase price, subject to a 4-month hold and TSXV approval. Ruben Alvidrez will join the Board at or prior to closing.
AcquisitionSILVER VIPER MINERALS NAMED A TOP 50 PERFORMER ON THE TSX VENTURE EXCHANGE
Silver Viper Minerals has been included in the 2026 TSX Venture 50, a ranking of the top 50 performing TSX Venture Exchange companies based on growth metrics and market performance. The Company cited 453% share price appreciation during the 2025 calendar year, increased average daily trading volume, the acquisition of Cimarron, a binding term sheet to acquire the Coneto project, and over $21M in 2025 growth capital. Its projects include La Virginia in Sonora and Cimarron in Sinaloa, Mexico.
CorporateSILVER VIPER MINERALS ANNOUNCES APPOINTMENT OF RAKESH MALHOTRA AS CHIEF FINANCIAL OFFICER
Rakesh Malhotra has been appointed Chief Financial Officer of Silver Viper Minerals Corp., effective immediately. He has more than 30 years of financial leadership experience across public and private companies in North America and the Middle East, including TSX-listed mining companies, and is a Chartered Professional Accountant (CPA, CA) in Canada and a U.S. Certified Public Accountant. He currently serves as CFO of Goldsky Resources Corp. (TSX-V: GSKR), formerly First Nordic Metals.
ManagementADDITIONS TO SILVER VIPER MINERALS ADVISORY TEAM
Andreas L'Abbé has been appointed Financial Advisor and Gernot Wober Technical Advisor to Silver Viper Minerals. L'Abbé spent nearly eight years as CFO and Corporate Secretary of Discovery Silver Corp. and has more than 17 years in the mining sector, primarily on Latin American assets. Wober, a geologist with over 35 years of international experience, was previously VP Exploration at Discovery Silver and VP Exploration, Canada at Osisko Mining.
ManagementSILVER VIPER MINERALS APPOINTS JEFF COUCH TO BOARD OF DIRECTORS
Jeff Couch has been appointed to the board of directors of Silver Viper Minerals, effective January 6, 2026, and will take on some executive responsibilities. Couch is currently acting CEO of Lydian Mining and Alufer Mining, and previously served as Head of Investment Banking, Europe for BMO Capital Markets, with prior roles at Credit Suisse Europe and Citigroup. The appointment is subject to TSX Venture Exchange acceptance, and no security-based compensation was granted in connection with it.
Management
202520 releases
SILVER VIPER CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT
The final tranche of Silver Viper's non-brokered private placement closed with 3,433,750 units at $0.80 per unit for gross proceeds of $2,747,000, bringing total proceeds from the Offering to $17,000,000 after a first tranche of $14,253,000 closed December 12, 2025. Each unit includes one share and one warrant exercisable at $1.20 for 24 months. Proceeds will fund mapping and sampling ahead of a future drill campaign at the La Virginia Gold-Silver Project in Mexico, plus working capital. Total finder's fees are $594,150.
FinancingSILVER VIPER CLOSES $14 MILLION FIRST TRANCHE OF PRIVATE PLACEMENT
A first tranche of Silver Viper's $17 million private placement has closed, with 17,816,250 units issued at $0.80 per unit for gross proceeds of $14,253,000; each unit includes one common share and one warrant exercisable at $1.20 for 24 months, subject to acceleration if the volume-weighted average price exceeds C$1.40 for 20 consecutive trading days. Proceeds will fund mapping and sampling ahead of a future drill campaign at the La Virginia Gold-Silver Project in Mexico, plus working capital. The second and final tranche is anticipated in the week of December 15, 2025, and finder's fees totalling $589,350 are payable.
FinancingSILVER VIPER FURTHER UPSIZES FROM $15 MILLION DUE TO STRONG DEMAND
The maximum size of Silver Viper Minerals' non-brokered private placement has been increased from C$15,000,000 to C$17,000,000, or 21,250,000 Units at $0.80 per Unit, the second increase to the offering first announced November 18 and raised November 21, 2025. All other terms remain unchanged, and closing is expected on or about December 10, 2025, subject to TSX Venture Exchange approval and other customary conditions.
FinancingSILVER VIPER UPSIZES PRIVATE PLACEMENT TO $15M
A previously announced non-brokered private placement has been upsized to up to 18,750,000 units at $0.80 per unit for aggregate gross proceeds of up to approximately $15,000,000. Other terms from the November 18, 2025 announcement remain unchanged, with closing anticipated on or about December 10, 2025, subject to TSX Venture Exchange approval and other customary conditions. Silver Viper's projects include La Virginia in Sonora, Cimarron in Sinaloa and the Coneto acquisition in Mexico.
FinancingSILVER VIPER MINERALS ANNOUNCES $12 MILLION PRIVATE PLACEMENT
A non-brokered private placement of up to 15,000,000 units at $0.80 per unit for gross proceeds of up to $12,000,000 is planned, with each unit comprising one common share and one warrant exercisable at $1.20 for 24 months, subject to acceleration if the volume-weighted average price exceeds C$1.40 for 20 consecutive trading days. Proceeds will fund working capital and general corporate purposes. Closing is anticipated on or about December 10, 2025, subject to TSX Venture Exchange approval, with a 6% finder's fee payable.
FinancingSILVER VIPER ANNOUNCES CAPITAL MARKETS CONSULTING AGREEMENT
A capital markets consulting agreement has been signed with Insight Capital Partners Inc. to support market visibility, investor outreach and capital markets strategy. The initial six-month term began October 29, 2025, continuing month-to-month thereafter unless terminated with 30 days' written notice. Insight will receive a monthly cash fee of C$17,500 plus applicable HST, payable in advance, with no securities issued as compensation. Insight and its principals are at arm's length from Silver Viper Minerals.
CorporateSILVER VIPER ENGAGES NORDCORE MEDIA AND RED CLOUD SECURITIES FOR MARKETING AND LIQUIDITY SERVICES
Two service agreements have been signed by Silver Viper Minerals. Nordcore Media LLC will provide digital advertising and online marketing, including campaign creation and management, remarketing and related digital strategy, for cash compensation only with no securities issued. Red Cloud Securities Inc., under a market stabilization and liquidity agreement dated October 20, 2025, will use best efforts to maintain trading liquidity in the company's shares on the TSX Venture Exchange for a fixed monthly cash fee, terminable on 30 days' notice. Both parties are at arm's length.
CorporateSILVER VIPER MINERALS ANNOUNCES BINDING AGREEMENT TO ACQUIRE THE CONETO SILVER-GOLD PROJECT IN DURANGO, MEXICO
A binding term sheet has been signed to acquire 100% of the Coneto Silver-Gold Project in Durango, Mexico, from Fresnillo and Orex, valuing the project at US$15 million (approximately C$21 million), payable in VIPR shares at a deemed price of C$0.80. Fresnillo would hold about 17% and Orex about 11% post-closing, targeted no later than January 2026. Coneto covers 4,995 hectares with over 40 known epithermal quartz veins. Taj Singh resigned as Chairman, remaining a director, with Adam Cegielski appointed Chairman.
AcquisitionSILVER VIPER MINERALS COMMENCES 5,000 METRE DRILL PROGRAM AT LA VIRGINIA PROJECT, TARGETING NEW DISCOVERIES AT EL MOLINO AND RESOURCE EXPANSION AT EL RUBI
A 5,000 metre diamond drill program has begun at the resource-stage La Virginia Gold-Silver Project in Sonora, Mexico, to be carried out by Globexplore Drilling Corp. Drilling starts with 8-9 reconnaissance holes at the El Molino target, the first-ever drill test there, where geophysical surveys outlined high-priority anomalies. The program will then move to El Rubi for near-surface drilling to update and expand the existing resource. Additional metres will be evaluated as results are received.
Drill resultsSILVER VIPER GRANTS OPTIONS
An aggregate of 1,375,000 incentive stock options were granted on July 25, 2025 to directors, officers and consultants of Silver Viper Minerals Corp., exercisable for up to 1,375,000 common shares. The options carry an exercise price of $0.58 per share, expire five years from the grant date, and vest immediately. Silver Viper owns and operates the La Virginia Gold-Silver Project in Sonora, Mexico, and acquired the Cimarron Project in Sinaloa in June 2025.
CorporateSILVER VIPER CLOSES $3.6 MILLION PRIVATE PLACEMENT
A non-brokered private placement announced on June 18, 2025 has closed, with 11,993,149 units issued at $0.30 per unit for gross proceeds of $3,484,161; each unit comprises one common share and one half warrant exercisable at $0.50 for 24 months. Finders received $86,484 cash and 379,279 Finder's Units. Eric Sprott acquired 1,516,700 units for $455,010, raising his holding to 7.3% non-diluted, and insiders subscribed for 616,667 units. Proceeds will fund drilling and exploration at La Virginia and working capital.
FinancingSILVER VIPER UPSIZES PRIVATE PLACEMENT TO $3.6M
A previously announced non-brokered private placement has been upsized to up to 12,000,000 units at $0.30 per unit for gross proceeds of up to approximately $3,600,000. Other terms announced June 18, 2025 remain unchanged, with closing expected in tranches, the first on or about July 10, 2025, subject to TSX Venture Exchange approval. Silver Viper owns 100% of the La Virginia Gold-Silver Project in Sonora, Mexico.
FinancingSILVER VIPER CLOSES $3.5 MILLION PRIVATE PLACEMENT
A non-brokered private placement announced June 3, 2025 has closed, with 23,332,792 units issued at $0.15 per unit for gross proceeds of $3,490,619. Each unit comprises one common share and one half warrant exercisable at $0.35 for 24 months, with units subject to a 12-month trading restriction. Proceeds are intended for drilling and exploration at the La Virginia project and working capital; finders received $4,200 cash and 72,000 finder's units, and insiders subscribed for 200,000 units.
FinancingSILVER VIPER COMPLETES ACQUISITION OF CIMARRON GOLD-COPPER PROJECT
The acquisition of the Cimarron Project in Sinaloa, Mexico, a property hosting a porphyry gold-copper system, from CSAC Holdings Inc. has closed. Under the May 8, 2025 purchase agreement, Silver Viper acquired all outstanding CSAC common shares from the vendors in exchange for 9,000,000 Silver Viper common shares at a deemed price of $0.20 per share, with no hold period and no finders' fees. Cimarron lies between Mazatlán and Rosario, accessible via an 11-kilometre dirt road.
AcquisitionSILVER VIPER ANNOUNCES CONCURRENT PRIVATE PLACEMENT
A concurrent non-brokered private placement of up to 6,666,667 units at $0.30 per unit has been added to the previously announced $3.5 million placement, bringing expected total gross proceeds to up to $6 million. Each unit includes one common share and one-half warrant exercisable at $0.50 for 24 months. Proceeds are intended for drilling and exploration at La Virginia and general working capital, with a first tranche expected to close on or about June 25, 2025, subject to TSX Venture Exchange approval.
FinancingSILVER VIPER ANNOUNCES STRATEGIC UPDATES: PRIVATE PLACEMENT, NEW INTERIM CFO, AND MARKET-MAKER APPOINTMENT
A non-brokered private placement of up to 23,333,334 units at $0.15 per unit for gross proceeds of up to $3,500,000 is planned, each unit comprising one share and one half warrant exercisable at $0.35 for 24 months, with a first tranche expected on or about June 16, 2025 and proceeds directed to drilling and exploration at La Virginia in Sonora, Mexico, plus working capital. CFO Carla Hartzenberg has resigned, with CEO Steve Cope assuming CFO duties on an interim basis. ICP Securities Inc. has been engaged for automated market making at C$7,500 per month under a May 12, 2025 agreement with an initial four-month term.
FinancingSILVER VIPER MINERALS TO ACQUIRE CIMARRON GOLD-COPPER PROJECT
An agreement dated May 8, 2025 with CSAC Holdings Inc. and its shareholders will see Silver Viper acquire all outstanding CSAC shares, and with them the Cimarron gold-copper porphyry project in Sinaloa, Mexico, in exchange for 9,000,000 Silver Viper common shares. Closing is subject to TSX Venture Exchange approval, satisfactory due diligence and other customary conditions. The project lies between Mazatlán and Rosario and includes the Calerita, Lobo and Huanacaxtle target areas.
AcquisitionSILVER VIPER ANNOUNCES BOARD CHANGES
Toby Pierce has been appointed to the board of directors of Silver Viper Minerals, effective immediately, while Ross Wilmot and Carla Hartzenberg have resigned from the board; Hartzenberg will remain as CFO. Pierce is CEO and director of Somerset Energy Partners and Non-Executive Chairman of First Nordic Metals Corp., and was CEO and director of TAG Oil Ltd. from 2015 to 2024. Silver Viper is the operator and 100% owner of the La Virginia Gold-Silver Project in Sonora, Mexico.
ManagementSILVER VIPER ANNOUNCES
A 10-to-1 share consolidation has been approved by the board of Silver Viper Minerals, with the common shares to begin trading on a post-consolidation basis at the start of trading on January 15, 2025. Shares outstanding will fall from 194,771,623 to an expected 19,477,163, subject to final rounding, with no fractional shares issued. Outstanding warrants and options will be adjusted on the same basis, with proportionate changes to exercise prices.
News
20246 releases
SILVER VIPER COMPLETES ACQUISITION, SECURES 100% OWNERSHIP OF LA VIRGINIA PROJECT
Silver Viper Minerals has completed the terms of the amended Rubi-Esperanza Option Agreement, securing 100% ownership of three mineral concessions covering 2,102 hectares at the La Virginia Gold-Silver Project in eastern Sonora State, Mexico. The final payment of US$775,000 (C$1,042,142.50 at a fixed rate of 1.3447) was satisfied through the issuance of 10,969,921 shares at a deemed price of C$0.095 on June 27, 2024, along with a final cash payment of US$200,000.
AcquisitionSILVER VIPER CLOSES LIFE OFFERING↓
The final tranche of Silver Viper's non-brokered LIFE private placement closed with 2,638,000 units at $0.10 per unit for gross proceeds of $263,800, bringing total proceeds from the offering to $2,376,900, following an April 12, 2024 tranche of $2,113,100. Each unit includes one common share and half a warrant exercisable at $0.15 for 36 months. Proceeds will fund resource expansion and exploration drilling and surface work at the La Virginia Project in Sonora, Mexico, the final US$200,000 option payment due June 2024, and general corporate purposes. Finder's fees total $125,406.
FinancingSILVER VIPER CLOSES FIRST TRANCHE OF LIFE OFFERING
A first tranche of the previously announced non-brokered LIFE private placement closed with 21,131,000 units issued at $0.10 per unit for gross proceeds of $2,113,100, each unit comprising one share and one-half warrant exercisable at $0.15 for 36 months. Proceeds are earmarked for resource expansion and exploration drilling, mapping and sampling at the La Virginia Project in Sonora, Mexico, the final US$200,000 option payment due in June 2024, and general corporate purposes. Finder's fees totalling $125, — $85,020 to Red Cloud Securities, $20,562 to Canaccord, $13,104 to Haywood, $5,100 to PI Financial and $1,200 to BMO Nesbitt Burns — will be paid; no insiders participated.
FinancingSILVER VIPER MINERALS ANNOUNCES $4 MILLION LIFE PRIVATE PLACEMENT
A non-brokered private placement under the Listed Issuer Financing Exemption will raise gross proceeds of up to $4,000,000 through up to 40,000,000 units at $0.10 per unit, each unit comprising one common share and one-half warrant exercisable at $0.15 for 36 months. Minimum net proceeds of $2,000,000 are earmarked for working capital, general corporate purposes and the final US$200,000 option payment on the La Virginia Project in Sonora, Mexico, due June 2024, with additional proceeds funding surface exploration and drilling. A first tranche is expected to close on or about April 12, 2024, with a 6% finder's fee payable.
FinancingSILVER VIPER APPOINTS TAJ SINGH AS CHAIR OF THE BOARD
Taj Singh has been appointed Independent Chair of Silver Viper Minerals' Board of Directors, succeeding Gary Cope, who is stepping off the Board to retire. Singh is currently President and CEO of Gold Line Resources Ltd., was founding President and CEO of Discovery Silver Corp, and previously served as Director/Lead Independent Director of GT Gold Corp. and VP Business Development and VP Engineering at Timmins Gold Corp. Silver Viper operates the La Virginia Gold-Silver Project in Sonora, Mexico.
ManagementSILVER VIPER CLOSES PRIVATE PLACEMENT
A non-brokered private placement first announced December 18, 2023 has closed in a single tranche, with 5,324,000 units issued at $0.10 per unit for aggregate gross proceeds of $532,400. Silver Viper operates the La Virginia Gold-Silver Project in Sonora, Mexico, holding 100% of the La Virginia concessions and an option to acquire a 100% interest in the internal Rubi-Esperanza claims.
Financing
202317 releases
SILVER VIPER CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT
A first tranche of the previously announced $2 million private placement has closed, with 5,324,000 units issued at $0.10 per unit for gross proceeds of $532,400. Each unit includes one common share and one warrant exercisable at $0.20 until December 22, 2025, with a hold period expiring April 23, 2024. Proceeds will fund the final US$200,000 option payment on the La Virginia Project in Sonora, Mexico, due June 2024, and working capital. Finder's fees total $27,864.
FinancingSILVER VIPER MINERALS AMENDS PRIVATE PLACEMENT FINANCING
An amended non-brokered private placement will raise gross proceeds of up to approximately $2,000,000 through the sale of up to 20,000,000 units at $0.10 per unit, each unit comprising one common share and one warrant exercisable at $0.20 for 24 months. The previously announced LIFE offering is being terminated and the December 8, 2023 offering document withdrawn. Proceeds will fund the final US$200,000 option payment on the La Virginia Project in Sonora, Mexico, due June 2024, and working capital, with a first tranche expected on or about December 22, 2023.
FinancingSILVER VIPER MINERALS UPDATES SIZE OF PRIVATE PLACEMENT
The maximum size of the previously announced non-brokered private placement has been reduced to up to 38,636,363 units for gross proceeds of up to approximately $4,250,000, from an initial maximum of $5,000,000. All other terms remain unchanged, and an amended and restated offering document dated December 3, 2023 has been filed. The offering is expected to close in tranches, with the first on or about December 20, 2023, subject to TSX Venture Exchange approval.
FinancingSILVER VIPER MINERALS ANNOUNCES $5 MILLION LIFE PRIVATE PLACEMENT
A non-brokered private placement under the Listed Issuer Financing Exemption will raise gross proceeds of up to $5,000,000 through the sale of up to 45,454,546 units at $0.11 per unit, each unit comprising one common share and one warrant exercisable at $0.20 for 24 months. Minimum net proceeds of $2,000,000 are allocated to working capital, financing and legal fees, and a final US$200,000 option payment on the La Virginia Project in Sonora, Mexico due in 2024, with additional proceeds funding surface exploration and drilling. The first tranche is expected to close on or about December 20, 2023, with a 6% finder's fee payable.
FinancingSILVER VIPER MINERALS FILES AMENDED AND RESTATED OFFERING DOCUMENT IN CONNECTION WITH PRIVATE PLACEMENT
An amended and restated offering document has been filed for Silver Viper's previously announced non-brokered private placement of up to 45,454,546 units for gross proceeds of up to $5,000,000, accessible on SEDAR+ and the company website. The Offering is expected to close in tranches, with the first on or about December 20, 2023, subject to conditions including TSX Venture Exchange approval. Silver Viper operates the La Virginia Gold-Silver Project in Sonora, Mexico.
FinancingSILVER VIPER FURTHER AMENDS RUBI-ESPERANZA OPTION AGREEMENT
The Rubi-Esperanza Option Agreement covering three concessions totalling 2,102 hectares at the La Virginia Gold-Silver Project in Sonora, Mexico has been amended again. The US$775,000 (C$1,042,142.50 at a fixed rate of 1.3447) share portion of the June 2024 final payment will be issued at the higher of the June 24, 2024 closing price or C$0.095, capped at 10,969,922 shares, alongside a US$200,000 cash payment. The Company issued 16,808,750 shares at C$0.12 on April 25, 2023 for the US$1,500,000 April 2023 payment.
AcquisitionSILVER VIPER GRANTS OPTIONS
A total of 5,150,000 incentive stock options were granted to directors, officers and consultants at an exercise price of $0.15 per share, expiring five years from the grant date and vesting immediately. Silver Viper now has 9,450,000 stock options outstanding, representing 6.1% of issued and outstanding share capital. The company also clarified that its April 20, 2023 news release should have stated 19,222,000 units issued in the final private placement tranche, not 19,222,200.
CorporateSILVER VIPER CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT
The final tranche of Silver Viper's non-brokered private placement closed with 19,222,000 units at $0.10 per unit for gross proceeds of $1,922,200, bringing total funds raised under the Offering to $3,299,998. Each unit includes one common share and one warrant exercisable at $0.20 until April 20, 2025, with a hold period expiring August 21, 2023. Proceeds will fund surface mapping and sampling ahead of a future drill campaign at the La Virginia Gold-Silver Project in Mexico, plus working capital. Total finder's fees are $123,792.
FinancingSILVER VIPER UPSIZES PRIVATE PLACEMENT TO $3.3M
A previously announced non-brokered private placement has been upsized to up to 33,000,000 units at $0.10 per unit for gross proceeds of up to approximately $3,300,000. Silver Viper has already closed $1,377,798 of the offering, as announced on March 13 and March 24, 2023, with other terms from the March 9, 2023 announcement unchanged. Closing is anticipated on or about April 20, 2023, subject to conditions including TSX Venture Exchange approval.
FinancingSILVER VIPER RENEGOTIATES RUBI-ESPERANZA CASH AND OPTION AGREEMENT
A second addendum to the Rubi-Esperanza Option Agreement was signed on April 4, 2023, reducing this year's cash payment and adding share issuances, with US$1,500,000 in shares issued on signing, US$200,000 cash due June 2023, and US$200,000 cash plus US$775,000 in shares due June 2024. The option covers 100% of three concessions totaling 2,102 hectares within the La Virginia Gold-Silver Project in Sonora, Mexico. Total payments will be US$825,000 cash and US$2,275,000 in shares; the 2% NSR buyback terms are unchanged.
AcquisitionSILVER VIPER CLOSES ADDITIONAL TRANCHE OF PRIVATE PLACEMENT
An additional tranche of the non-brokered private placement first announced March 9, 2023 has closed, comprising 7,227,984 units at $0.10 per unit for gross proceeds of $722,798, following a first tranche of 6,555,000 units closed March 13, 2023. Each unit includes one common share and one warrant exercisable at $0.20 until March 24, 2025, with a hold period expiring July 25, 2023. Finder's fees of $31,800, $5,250 and $1,500 are payable to Haywood, Canaccord Genuity and Red Cloud. Proceeds will fund surface mapping and sampling at the La Virginia Gold-Silver Project in Mexico and working capital.
FinancingSILVER VIPER CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT
The first tranche of a $3 million private placement announced March 9, 2023 has closed, with 6,550,000 units issued at $0.10 per unit for gross proceeds of $655,000. Each unit comprises one common share and one warrant exercisable at $0.20 until March 13, 2025, with a hold period expiring July 14, 2023. Proceeds will fund surface mapping and sampling ahead of a future drill campaign at the La Virginia Gold-Silver Project in Mexico, plus working capital. Finder's fees of $1,500 are payable to Haywood Securities Inc.
FinancingSILVER VIPER MINERALS ANNOUNCES $3 MILLION PRIVATE PLACEMENT
A non-brokered private placement of up to 30,000,000 units at $0.10 per unit for gross proceeds of up to $3,000,000 is planned, with each unit comprising one common share and one warrant exercisable at $0.20 for 24 months. Proceeds are earmarked for working capital and general corporate purposes, with closing in tranches, the first on or about March 13, 2023, subject to TSX Venture Exchange approval. Finders may receive a 6% cash fee.
FinancingSILVER VIPER ANNOUNCES EXPIRY OF NON-BINDING LOI
The non-binding letter of intent with Canasil Resources Inc. (TSXV: CLZ), dated November 6, 2022 and amended December 20, 2022, has expired in accordance with its terms. Silver Viper and Canasil are not proceeding with the contemplated transactions, though the parties may explore alternative strategic transactions in the future. Silver Viper operates the La Virginia Gold-Silver Project in Sonora, Mexico.
AcquisitionSILVER VIPER CLOSES PRIVATE PLACEMENT
A non-brokered private placement first announced on November 24, 2022 has closed, with 1,673,000 units issued at $0.20 per unit for aggregate gross proceeds of $334,600, as previously reported on December 8, 2022. Silver Viper Minerals operates the La Virginia Gold-Silver Project in Sonora, Mexico, holding 100% ownership of the La Virginia concessions and an option to acquire 100% of the internal Rubi-Esperanza claims.
FinancingSILVER VIPER PRESENTS HIGHLY POSITIVE GEOPHYSICAL AND GEOCHEMICAL SURVEY RESULTS AT LA VIRGINIA
Surface mapping, geochemical sampling and a TITAN MT deep-penetrating geophysical survey have defined new targets at the La Virginia silver-gold project in Sonora, Mexico, including Los Cantiles and El Oriental. Chip-channel samples returned up to 5.7 g/t gold and 148 g/t silver at Los Cantiles, while El Oriental dump samples returned 17.8 g/t gold and 1,001 g/t silver and chip-channel samples 4.2 g/t gold and 310 g/t silver. Drilling is paused pending target definition and outstanding assays.
Drill results
20228 releases
SILVER VIPER ANNOUNCES EXTENSION OF NON-BINDING LOI WITH CANASIL RESOURCES
The outside date to enter into a definitive agreement with Canasil Resources Inc. (TSXV: CLZ) has been extended from December 20, 2022 to January 31, 2023, under an amendment to the non-binding letter of intent dated November 6, 2022. The proposed transaction would see Silver Viper acquire all issued and outstanding Canasil shares in exchange for Silver Viper common shares. All other LOI terms, as announced December 7, 2022, remain unchanged.
AcquisitionSILVER VIPER CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT
The first tranche of a previously announced $2 million private placement has closed, with 1,673,000 units issued at $0.20 per unit for gross proceeds of $334,600. Each unit includes one common share and one-half warrant exercisable at $0.30 until December 8, 2024, with a hold period expiring April 9, 2023. Finder's fees total $17,640, and the second and final tranche is anticipated in January 2023; proceeds are for working capital and general corporate purposes.
FinancingSILVER VIPER MINERALS ANNOUNCES $2 MILLION PRIVATE PLACEMENT
A non-brokered private placement of up to 10,000,000 units at $0.20 per unit for gross proceeds of up to $2,000,000 is planned, with each unit comprising one common share and one-half warrant exercisable at $0.30 for 24 months from closing, expected on or about December 8, 2022. Proceeds are for working capital and general corporate purposes. Closing is expected to satisfy the financing condition in the letter of intent to acquire all shares of Canasil Resources Inc. A 6% finder's fee may be paid, with Red Cloud Securities Inc. acting as finder.
FinancingSILVER VIPER ENTERS INTO LETTER OF INTENT FOR PROPOSED ACQUISITION OF CANASIL RESOURCES AND ANNOUNCES APPOINTMENT OF NEW TECHNICAL ADVISOR
A non-binding letter of intent dated November 6, 2022 was signed to acquire all outstanding shares of Canasil Resources (TSXV: CLZ) via a plan of arrangement, with Canasil shareholders receiving one Silver Viper share for every four Canasil shares. Before closing, Silver Viper must raise at least $1,000,000 and Canasil at least $260,000; a definitive agreement is expected on or before December 20, 2022, with a $500,000 termination fee payable by Canasil in certain cases. Canasil holds silver-gold-copper-lead-zinc projects in Durango and Zacatecas, Mexico and British Columbia.
AcquisitionSILVER VIPER CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT
The first tranche of a $3 million private placement announced June 6, 2022 has closed, with 5,566,666 units issued at $0.20 per unit for gross proceeds of $1,113,333; each unit includes one common share and one-half warrant exercisable at $0.30 until June 9, 2024. Finder's fees of $23,700 to Red Cloud Securities, $16,800 to Haywood Securities, $6,000 to Canaccord Genuity and $1,500 to PI Financial were paid. Proceeds are for working capital and general corporate purposes, with the final tranche expected on or about June 23, 2022.
FinancingSILVER VIPER CLOSES FINAL TRANCHE OF PRIVATE PLACEMENT↓
The final tranche of Silver Viper's non-brokered private placement, announced June 6, 2022, closed with 1,530,000 units at $0.20 per unit for gross proceeds of $306,000. Each unit includes one common share and one-half warrant exercisable at $0.30 until July 6, 2024, with a hold period expiring November 7, 2022. Finder's fees of $11,400, $3,900, $600 and $360 were payable to Red Cloud, Canaccord Genuity, Leede Jones Gable and Haywood; proceeds are for working capital and general corporate purposes.
FinancingSILVER VIPER MINERALS ANNOUNCES $3 MILLION PRIVATE PLACEMENT↓
A non-brokered private placement of up to 15,000,000 units at $0.20 per unit for gross proceeds of up to $3,000,000 is planned, with each unit comprising one common share and one-half warrant exercisable at $0.30 for 24 months from closing. Proceeds are intended for working capital and general corporate purposes, with closing expected on or about June 9, 2022, subject to TSX Venture Exchange approval. A 6% finder's fee may be paid, with Red Cloud Securities Inc. acting as finder.
FinancingSILVER VIPER RUNS GEOPHYSICS SURVEY AT LA VIRGINIA↓
Quantec Geoscience has completed data collection for a 31 line-kilometre TITAN-MT deep-penetrating magnetotelluric survey covering about 610 hectares (1,500 acres) over the El Rubi, Paredones and El Molino targets at the La Virginia gold-silver project in Sonora, Mexico, with final deliverables expected in the coming weeks. Drilling results include 0.5 metres grading 771 g/t silver and 1.47 g/t gold from 553.5 metres in hole LV21-316, and 1.50 metres of 5.0 g/t silver and 4.99 g/t gold from 171.0 metres in LV21-323. Surface chip sampling at El Molino returned up to 8.31 g/t gold and 90 g/t silver over 1.0 metre; exploration drilling has paused pending survey processing.
Drill results