Why Keep an Eye on Silver Explorer with Trio of Assets

Source: Streetwise Reports 03/12/2025

The reasons range from the deposit type to the silver price forecast, two experts said. Keep reading to discover what all they like about this story.

Silver47 Exploration Corp. (AGA:TSX.V; AAGAF:OTCQB) just began trading on the OTCQB Venture Market under the ticker symbol AAGAF, a significant event that exposes the company to the U.S. market and expands its investor base and noted a news release. The listing should foster continued growth of Silver47 and support its planned exploration work.

“Trading on the OTCQB offers greater access for U.S.-based investors, making it easier for them to participate in the growth of Silver47,” Chief Executive Officer (CEO) Gary R. Thompson said in the release. “This listing is an important milestone as we strengthen our presence in the U.S. market, attract new capital, and continue advancing our [Red Mountain] project in Alaska.”

Now, U.S. investors have easier access to Silver47′s shares, real-time trading information, and up-to-date financial disclosures.

VMS, Critical Metals, Resource. . .

Silver47 is a Vancouver, Canada-based precious, base, and critical metals explorer-developer. Its flagship Red Mountain is a volcanogenic massive sulfide (VMS) and sedimentary exhalative (SEDEX) project in southcentral Alaska.

Its other two 100%-owned assets are the Adams Plateau silver-zinc-copper-gold-lead SEDEX-VMS project in southern British Columbia and the Michelle silver-lead-zinc-gallium-antimony Mississippi Valley Type (MVT)-SEDEX project in Yukon Territory.

Red Mountain and Adams Plateau being VMS-type deposits is one reason Silver47 should be on investors’ watchlist, Richard Mills wrote in the March 8 edition of Ahead of the Herd. Highly desirable, VMS deposits are among the world’s largest and richest sources of copper, zinc and lead plus gold and silver as byproducts, he explained. As such, they are immensely scalable and typically offer high-grade, long-term production. Produced byproducts can boost miners’ cash position so that the extra funds could cover some or even all mining costs. Further, VMS deposits offer a safeguard against fluctuating metals prices. When one metal’s price drops below economic viability, the production profile is normalized through the polymetallic nature of these deposits.

“VMS deposits have long been recognized, by both majors and juniors, as potential ‘elephant’ country,” Mills wrote.

321Gold’s Moriarty summarized his thoughts on the Canadian explorer-developer: “Silver47 was an interesting investment before the addition of more potential valuable elements in the mix. Essentially, you are buying silver equivalent ounces for CA$0.16 an ounce. I don’t think it gets any better than that.”

Another charactistic of VMS deposits is they often contain critical metals in trace amounts, and Red Mountain hosts known antimony, gallium, niobium and vanadium, highlighted Bob Moriarty of 321Gold. This makes the project even more attractive, he noted, particularly now, with the U.S. pushing for domestic production of these in-demand metals.

A review of historical and recent Red Mountain drill results revealed the highest grades to be 0.623% antimony, 116.4 parts per million (116.4 ppm) gallium, and 1,110 ppm vanadium in the Dry Creek zone, according to a news release. The most significant interval from Dry Creek came from hole DC18-77, which was 6.8 meters (6.8m) of 2,928.4 ppm antimony, 81.7 ppm gallium, 938.7 grams per ton (938.7 g/t silver), 1.5 g/t gold, 3.5% zinc, 1.7% lead and 0.4% copper. This included 4.3m of 4,432.2 ppm antimony, 96.7 ppm gallium, 1,434.8 g/t silver, 2.2 g/t gold, 4.8% zinc, 2.3% lead and 0.5% copper.

“The Red Mountain deposit is one of the highest value properties, in terms of metal in the ground values, in the world,” Moriarty wrote.

The prices of antimony and gallium, and other critical metals, have soared since early December, when China announced it no longer would export them to the U.S., noted Mills. As such, previously uneconomic amounts now may be economic.

Red Mountain already has an NI 43-101 mineral resource estimate, another reason to keep an eye on Silver47, Mills wrote. The combined open-pit and underground Inferred resource is 15.6 million tons (15.6 Mt) of 335.7 g/t silver equivalent (Ag eq) for a total of 168.6 million ounces (168.6 Moz) of Ag eq.

“With a 43-101 resource of 15.6 Mt, worth about US$5 billion, [Red Mountain] is one of the cheapest silver-lead-zinc projects in the world,” Moriarty said. “It will be a mine.”

Mills also pointed out there is resource expansion potential at Red Mountain, specifically at Dry Creek and West Tundra Flats, where mineralization remains open. It is estimated, he added, that US$10M of drilling may add 8–12 Mt of underground material. The company said the overall exploration target exploration is equivalent to 500–900 Moz of Ag eq.

Silver’s expected breakout soon also makes Silver47 compelling, Mills wrote.

‘Silver’s Going to Skyrocket’

According to Eric Sprott, silver is going to have a big run once it breaches the resistance at US$33/oz, and this will happen, he said during a March 4 interview at the 2025 Prospectors & Developers Association of Canada (PDAC) conference. He mentioned the recent price forecasts of Michael Oliver of Momentum Structural Analysis and Don Durrett, gold and silver mining analyst, US$250/oz and US$500/oz, respectively, and said he believes it is possible silver will hit one or both.

“I think silver’s going to skyrocket,” he added. “There’s just no doubt in my mind.”

Others’ silver price predictions are more conservative. Various financial institutions see it reaching a high of US$40/oz this year, according to InvestingHaven, whose 2025 estimate is US$49/oz. Further out, the investing research firm expects silver will consolidate around US$50 in 2026, approach US$77 in 2027, and peak at US$82 in 2030.

“All leading indicators, chart patterns, and market dynamics are in favor of silver,” InvestingHaven wrote. “We conclude that the price of silver will continue to mildly rise, combined with one or a few wildly bullish periods.”

Emkay Wealth Management Ltd. indicated that a handful of factors will continue to support the silver price, The Economic Times reported on March 6. The main ones are falling U.S. interest rates, ongoing geopolitical conflicts and the Trump Administration’s trade policies.

The Economist claimed in a March 5 article that “silver is the new gold.” Silver nearly kept pace with gold during the past 12 months and outperformed it during the previous five years. Investment flows now are following returns. This year, some central banks started buying silver, and traders in New York have been accumulating more silver than gold. The expanding gap between supply and demand continues to fuel these trends.

“Since mining capacity cannot be expanded quickly, the imbalance should continue to boost silver’s price for some time,” the article purported. “It is time for silverites to come in from the cold.”

The Catalyst: Drill Results

Silver47 is currently raising funds for a drill program at Red Mountain this year, details of which have not yet been released. The first tranche of a private placement, now closed, generated about CA$4 million (CA$4M) in gross proceeds. Subsequently, the offering was upsized to CA$8M in late February, and the remainder of it is expected to close imminently.

Already, the mining company identified three priority drill targets: Galleon, Horseshoe, and Sheep Creek. As for the latter, the company plans to map the area and conduct dense soil X-ray fluorescence to delineate the extent of the mineralized zones.

“I expect lots more news flow once Silver47 starts drilling its targets,” Mills wrote. [OWNERSHIP_CHART-11074]

Expert’s Bullish View

321Gold’s Moriarty summarized his thoughts on the Canadian explorer-developer: “Silver47 was an interesting investment before the addition of more potential valuable elements in the mix. Essentially, you are buying silver equivalent ounces for CA$0.16 an ounce. I don’t think it gets any better than that.”

Ownership and Share Structure

According to Refinitiv, Silver47′s ownership breakdown is this: 29.51% held by six strategic entities, 9.17% owned by one institution and the rest in retail.

The Top 3 shareholders overall are the company’s CEO Gary Thompson with 18.43%, Eric Sprott around 9% and Crescat Capital with 9.17%.

Silver47 has 50.04 million outstanding shares and 35.28M free float traded shares. Its market cap is CA$20.45M. Its 52-week high and low are CA$0.84 and CA$0.465 per share, respectively.

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Important Disclosures:

1. Silver47 Exploration Corp. has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.
2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Silver47 Exploration Corp.
3. Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.
4. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

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( Companies Mentioned: AGA:TSX.V; AAGAF:OTCQB, )

Source: https://www.streetwisereports.com/article/2025/03/12/why-keep-an-eye-on-silver-explorer-with-trio-of-assets.html