Metalsource Mining Inc. Expands Its Silver Hill Exploration Package
Metalsource Mining Inc. (CSE: MSM), a Canadian junior miner focused on silver, announced a strategic land acquisition on January 14, 2026 that enlarges its flagship Silver Hill project by 97.6 acres. The company added the Hinkle Lands (85.5 acres) and the Adkins Tract (12.07 acres), bringing the total project footprint to 512.21 acres. Both parcels were optioned from holders of Mineral Exploration Licences and are governed by five‑year Exploration Licences with an Option to Purchase that can be renewed annually. Metalsource maintains the flexibility to relinquish either property at any time, allowing it to manage risk while preserving upside potential.
Strategic Value of the New Lands
The Hinkle Lands run along the strike of the Silver Hill mineralised trend, aligning with a previously identified Cyprus‑grade IP anomaly. The Adkins Tract lies immediately east of the central mineralised zones, effectively bridging the core of the project with the newly acquired acreage. Together, the additions extend coverage over interpreted mineralised trends and areas deemed prospective based on geological and geophysical data, thereby enhancing the spatial scope of future drilling programmes.
Silver Hill, situated on private land in Davidson County, North Carolina, is celebrated as the United States’ first silver mine. The project’s historical significance, coupled with contemporary commodity prices—silver around CAD 85 per ounce and gold near CAD 4,600—has rekindled interest in the site. Metalsource’s expansion positions the company to exploit this legacy resource more comprehensively.
Corporate Context
Metalsource Mining Inc. trades on the Canadian National Stock Exchange under the ticker MSM and on the OTCQB under SFRIF. As of January 14, 2026, the share price closed at CAD 1.05, with a 52‑week high of CAD 1.15 and a low of CAD 0.105. The company’s market cap stands at approximately CAD 68.7 million, and its price‑to‑earnings ratio is negative, reflecting its exploration‑phase status. Metalsource’s recent history includes a significant option agreement in September 2025 that granted it 100 % of Silver Hill and the Byrd‑Pilot Mountain Project, backed by a capital infusion from Eric Sprott and other investors. This move accelerated the company’s transition from a prospecting phase to a more focused development trajectory.
Outlook
With the expanded acreage, Metalsource is poised to design a new drilling cluster that will probe the deeper sections of the Silver Hill trend and assess the potential for a broader silver‑bearing system. The company’s exploration strategy will likely involve phased drilling, geophysical surveys, and metallurgical testing to confirm the economic viability of the resource. Successful results could unlock significant upside for shareholders, particularly in an environment where silver prices continue to climb.
Metalsource’s announcement underscores its commitment to building a robust exploration portfolio in the United States while leveraging its Canadian base. By strategically enlarging Silver Hill, the company strengthens its position at the forefront of silver exploration in North America, setting the stage for potential production and shareholder value creation in the coming years.
