Silver Mountain Resources Inc. Secures Final Authorization to Restart Operations
Toronto, July 16, 2025 — Silver Mountain Resources Inc. (“Silver Mountain” or the “Company”), a mining company listed on the TSX Venture Exchange, has announced a significant development in its operations. The company has secured the final authorization needed to restart operations at its flagship Reliquias Mine in Peru. This authorization comes in the form of a 20-year surface land use agreement with the Community of Salcca Santa Ana.
The agreement grants Silver Mountain long-term access to essential surface areas necessary for infrastructure development, mining operations, and environmental management. This development is crucial as it complements a previously secured 20-year agreement with the Community of Castrovirreyna. With these agreements in place, Silver Mountain has obtained all necessary community-related and regulatory approvals to recommence production activities at the Reliquias Mine, located in the historic mining district of Castrovirreyna, Huancavelica, Peru.
The signing of the agreement was achieved through an inclusive and respectful dialogue process, reflecting Silver Mountain’s commitment to community engagement and sustainable mining practices. This milestone is expected to have a positive impact on the company’s operations and financial outlook.
Company Overview
Silver Mountain Resources Inc. specializes in the acquisition of mining concessions for the exploration, exploitation, extraction, and processing of silver and other metals. The company primarily serves its Canadian customers and operates within the materials sector. As of July 15, 2025, Silver Mountain’s close price was CAD 1.38, with a 52-week high of CAD 1.85 and a low of CAD 0.5. The company’s market capitalization stands at CAD 38,187,456.
This development marks a significant step forward for Silver Mountain as it moves towards resuming operations at one of its key assets, potentially enhancing its market position and financial performance in the materials sector.