Silver Storm Mining Ltd. Reports 50 % Completion of Rehabilitation at La Parrilla Processing Plant
Silver Storm Mining Ltd. (TSX.V: SVRS; OTCQX: SVRSF; FWB: SVR) announced on 26 February 2026 that rehabilitation work at its 100 %-owned La Parrilla silver‑mine complex in Durango, Mexico, has reached the halfway mark. The update was issued through a Business Wire release and reiterated by the company’s president and chief executive officer, Greg McKenzie, across multiple news outlets, including Börsen Zeitung and All Pennys Stocks.
Project Context
La Parrilla, once a productive silver‑mining site, has been dormant while the company undertook extensive plant rehabilitation. The goal of the project is to restore the facility’s capacity to process ore and enable a potential restart of operations in the second quarter of 2026. The company has emphasized that the 50 % milestone is a critical step toward achieving that objective.
Rehabilitation Highlights
The company highlighted several key areas in which significant progress has been made:
- Primary raw‑material feed and crushing circuit
- The rehabilitation of the primary run‑of‑mine material handling and crushing system is near completion.
- Remaining tasks include refurbishment and structural reinforcement of the primary run‑of‑mine material handling equipment.
- Other major components
- While the press releases truncate specific details beyond the feed and crushing circuit, the company noted substantial advancements across multiple sections of the plant, as illustrated in the accompanying media. One such visual, a Grizzly vibrating screen, was delivered to the site to support crushing operations.
Strategic Implications
Achieving 50 % completion signals that the plant is on track to resume processing activities within the targeted timeframe. A functional processing facility is essential for Silver Storm to monetize ore from its Durango assets and potentially generate cash flow for further exploration and development.
The company’s market presence is underscored by its listing on the TSX Venture Exchange and its inclusion in several OTC markets, reflecting a diversified investor base. With a market capitalisation of approximately 538 million CAD and a 52‑week range that peaked at 0.80 CAD and fell to 0.12 CAD, Silver Storm remains a small‑cap exploration entity with significant upside potential, contingent on the successful completion of the La Parrilla rehabilitation.
Forward‑Looking Statements
The company’s communication includes forward‑looking statements regarding the project’s progress and potential operational restart. Investors are advised to review the accompanying Business Wire release for detailed projections and risk factors.
The 50 % completion update, disseminated through multiple reputable financial news platforms, offers a clear snapshot of Silver Storm’s development trajectory and its focus on revitalising a key asset within its portfolio.
