Mithril Silver and Gold Limited engages in the exploration and development of precious metals properties, primarily focusing on high-grade gold and silver epithermal deposits in Mexico's Sierra Madre Gold Silver Trend and projects in Australia. The company holds an exclusive option to acquire 100% interest in the flagship Copalquin Gold-Silver District covering 70 square kilometers in Durango State, Mexico, which features 298 historic mines and workings across a 10 km by 7 km area hosting a maiden JORC mineral resource at El Refugio-La Soledad; it also maintains interests in Australian tenements including Billy Hills Zinc, Kurnalpi Nickel, Lignum Dam, and Limestone Well projects for gold, silver, zinc, and nickel exploration. Operations span Mexico and Western Australia, targeting epithermal gold-silver systems and base metals through drilling, mapping, sampling, and resource expansion activities. Founded in 2002 and headquartered in Melbourne, Australia, the company changed its name from Mithril Resources Limited to Mithril Silver and Gold Limited in September 2024. Recent developments include a C$11.5 million brokered private placement in July 2025 raising gross proceeds for accelerated drilling at Copalquin; ongoing exploration in the September 2025 quarter with two rigs active and a third mobilized, defining nine kilometers of continuous mineralization and high-grade channel samples up to 57.8 g/t gold and 2,120 g/t silver; listing on the OTCQB Venture Market under MTIRF; and engagement of ICP Securities for automated market making in November 2025.