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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Silver Mountain Resources Inc | TSXV:AGMR | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.07 | 0.07 | 0.075 | 0.075 | 0.07 | 0.075 | 82,000 | 17:12:43 |
TORONTO, July 20, 2023 /CNW/ - Silver Mountain Resources Inc. (TSXV: AGMR) (OTCQB: AGMRF) (BVL: AGMR) ("Silver Mountain", "AGMR" or the "Company") is pleased to announce that Alejandra Soto has been appointed as the Chief Financial Officer of the Company, effective immediately. With the addition of Ms. Soto, the Company has finalized assembling the management team that is expected to take Silver Mountain's first mine into production.
Ms. Soto will play a crucial role in ensuring the financial stability and growth of the Company by providing strategic leadership, risk management and cost optimization. Ms. Soto is an economist with a Masters degree in Finance and is a Black Belt Lean Six Sigma. Ms. Soto has more than 12 years of finance experience in the mining industry with Peruvian and international companies. Ms. Soto previously held the positions of Chief Financial Officer at Alpayana and Head of Finance of Nexa Resources.
Prior to joining Silver Mountain, Ms. Soto held the position of Chief Financial Officer of Alpayana, a Peruvian mining company. Additionally, she held the position of Corporate Head of Finance at Nexa Resources, a global mining company. Ms. Soto's expertise in financial planning, budgeting, and capital allocation will contribute to Silver Mountain's long-term financial sustainability and growth.
"We are excited to welcome Alejandra as Chief Financial Officer and I have no doubt that her extensive knowledge of the industry combined with her strong background in finance and accounting will be invaluable to Silver Mountain as we continue to develop our projects," said Alvaro Espinoza, Chief Executive Officer of the Company.
In connection with her appointment, Ms. Soto was be granted an aggregate of 225,000 options to acquire class A common shares of the Company ("Options"). The Options are exercisable at a price of $0.38 per share for a period of four years.
The addition of Ms. Soto completes the Company's management team who are expected to drive the Company's success as it advances to the production stage.
Biographies of the Company's management:
"We are proud to have an exceptional team who embody our commitment to sustainable mining practices and operational excellence," said Silver Mountain's CEO, Alvaro Espinoza. "Our collective expertise and dedication will help ensure the success of Silver Mountain's development."
Silver Mountain Resources Inc. is a silver explorer and mine developer planning to restart production at the Reliquias underground mine and undertake exploration activities at its prospective silver camps at the Castrovirreyna Project in Huancavelica, Peru.
For additional information in respect of the Castrovirreyna Project, please refer to the Company's technical report, titled NI 43-101 Technical Report Mineral Resource Estimate for the Reliquias Mine, Huancavelica, Peru, dated March 27, 2023, effective date March 18, 2023, available at https://sedar.com.
For further information about the Company's drill program, including cross sections of the main veins with drill hole locations, please refer to the Company's corporate presentation, available on its website at www.agmr.ca. Silver Mountain's subsidiary Sociedad Minera Reliquias S.A.C. owns 100% of its concessions and holds more than 60,000 hectares in the district of Castrovirreyna, Huancavelica, Peru.
This news release contains forward-looking statements and forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to Silver Mountain's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward-looking statements and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release.
Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Silver Mountain's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, the factors set forth under "Forward-Looking Statements" and "Risk Factors" in the Company's final prospectus dated January 26, 2022, and other disclosure documents available on the Company's profile at www.sedar.com. Silver Mountain undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for Silver Mountain to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Silver Mountain Resources Inc.
Copyright 2023 Canada NewsWire
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