Silver Storm Mining Advances Operations at La Parrilla

Silver Storm Mining Ltd. has initiated the hot commissioning phase of its sulphide processing circuit at La Parrilla, Mexico. This step involves testing the circuit with mineralized material, marking significant progress less than three years after acquiring the site. This advancement is aligned with completing the doré pour from the oxide circuit, indicating the nearing completion of operational restart.

In financial movements, the company amended its prepayment deal with Samsung, extending payment periods. They also secured a US$5 million loan from First Majestic Silver Corp. to bolster working capital for operation ramp-up at La Parrilla. This loan, carrying a 15% annual interest rate, supports the transition but involves related party transaction considerations due to First Majestic's stake in Silver Storm.