Silver Spruce Resources Inc. Completes Share Consolidation

Silver Spruce Resources Inc. (TSXV: SSE), a Canadian‑based metals‑and‑mining company focused on the acquisition, exploration, and development of mineral properties in Newfoundland and Saskatchewan, announced on 31 October 2025 that it has fully executed a share‑consolidation plan previously approved by shareholders at the 2024 Annual General and Special Meeting held on 5 November 2024.

Consolidation Mechanics

Under the new structure, one post‑consolidation common share represents fifteen pre‑consolidation common shares. The transaction reduced the number of issued and outstanding shares from 324,152,832 to 21,610,189. No fractional shares were issued. When a shareholder’s exchange ratio generated a fractional post‑consolidation share of less than 0.5, the shareholder did not receive an additional whole share; a fraction of 0.5 or greater qualified for an additional whole share.

Market Impact

The consolidation is designed to simplify the company’s equity structure, improve liquidity, and align share ownership with the company’s forward‑looking operational strategy. By reducing the share count, Silver Spruce aims to increase the trading unit size and potentially enhance price stability, which is particularly relevant given the current share price of 0.01 CAD and a 52‑week low matching the closing price.

Strategic Context

Silver Spruce’s core operations involve exploration for gold, precious minerals, and diamonds on its mineral claims in Canada. The company’s market capitalization, at 4.86 million CAD, reflects a modest valuation that the consolidation seeks to strengthen by fostering a more concentrated shareholder base. With a negative price‑earnings ratio of –12.5, the company’s focus remains on exploration and development rather than immediate profitability, a common profile for junior mining ventures.

Forward‑Looking Perspective

The completed consolidation positions Silver Spruce to accelerate its exploration programs and potentially advance toward production milestones. A more streamlined equity base can facilitate future capital‑raising efforts, whether through equity, debt, or joint‑venture arrangements, thereby supporting the company’s goal of unlocking value from its mineral assets. Stakeholders should monitor upcoming production reports and exploration updates to gauge the impact of this structural change on the company’s trajectory.