Summa Silver Corp.
SSVR.V
Toronto Stock Exchange Ventures0.43
CAD
+0.03
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Summa Silver Corp.
SSVR.V
(Toronto Stock Exchange Ventures)
Recent
price
0.43
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Summa Silver Corp. is a mineral exploration company primarily engaged in the acquisition, exploration, development, and exploitation of gold and silver deposits in the United States. The company holds 100% interests in multiple high-grade silver and gold projects including the Hughes Project in central Nevada, the Mogollon Project in southwestern New Mexico, and the Kennedy Project in Pershing County, Nevada, which collectively encompass historic, high-grade silver deposits and significant mineral resource potential. Summa Silver focuses on advancing these projects through systematic drilling and resource expansion to create shareholder value, with an emphasis on stable mining jurisdictions in the western U.S. The company was founded in 2018 and is headquartered in Vancouver, Canada. In 2025, Summa Silver completed a major strategic transaction by merging with Silver47 Exploration Corp. This merger created a leading U.S.-focused high-grade silver exploration and development company under the Silver47 name. The combined entity controls a portfolio of projects in Alaska, Nevada, and New Mexico with a consolidated mineral resource base of approximately 246 million ounces of silver equivalent, including 10 million ounces in the indicated category and 236 million ounces inferred, with high grades around 333-334 g/t AgEq. The transaction received overwhelming shareholder and court approval, resulted in Summa becoming a wholly owned subsidiary of Silver47, and led to the delisting of Summa Silver shares from the TSX Venture Exchange in August 2025. Post-merger, the company plans aggressive growth through organic development and strategic acquisitions to expand its silver resource base and strengthen its position in the U.S. precious metals market. Summa Silver's core products and services include exploration, resource development, and drilling execution on silver-rich mineral properties with potential for significant discoveries. Its focus on high-grade silver projects positions it as a key player in precious metals mining exploration, targeting U.S. markets with advanced infrastructure and historic mining districts. The company’s recent strategic developments signal a shift towards consolidation and scale enhancement, leveraging its expanded resource portfolio for future production and investor appeal. Summa Silver operates within the mining and metals industry, specifically the precious metals exploration and development segment. Its target customers are investors, mining partners, and stakeholders engaged in silver and gold exploration. The company’s key geographic operations are concentrated in the western United States, and it maintains a corporate presence in Canada. This robust corporate profile reflects Summa Silver's transition from an independent explorer to part of a larger exploration and development entity with a strategic focus on U.S. high-grade silver assets and a commitment to growth and resource expansion in competitive mining districts.