Silver47 Exploration Corp and Summa Silver Announce Merger

Vancouver, British Columbia — On May 13, 2025, Silver47 Exploration Corp. (TSXV: AGA) (OTCQB: AAGAF) (“Silver47”) and Summa Silver Corp. (TSXV: SSVR) (OTCQX: SSVRF) (“Summa”) announced a significant merger. The companies have entered into a definitive arrangement agreement dated May 12, 2025, to merge and create a premier U.S. high-grade silver explorer and developer. This strategic move is expected to enhance their exploration and development capabilities in the silver sector.

Merger Details and Brokered Financing

The merger is structured as an at-market transaction, with both companies agreeing to combine their resources and expertise. In addition to the merger, the companies have secured a C$5 million brokered financing, which will support their combined operations and future growth initiatives. This financing is a testament to the confidence investors have in the potential of the newly formed entity.

Market Reaction and Financial Overview

As of the close of trading on May 8, 2025, Silver47’s share price was CAD 0.62. The company’s stock has experienced fluctuations over the past year, with a 52-week high of CAD 0.84 on November 17, 2024, and a low of CAD 0.465 on December 18, 2024. The market capitalization of Silver47 stands at CAD 42,970,000. The company’s price-to-earnings ratio is currently -5.17, reflecting its status as a growth-oriented exploration company.

Geographical and Regulatory Context

This news release is intended for distribution in Canada only and is not intended for dissemination in the United States. The merger is expected to position the combined entity as a leading player in the U.S. silver exploration and development market, leveraging the strengths of both Silver47 and Summa Silver.

The merger and the accompanying brokered financing are anticipated to provide a solid foundation for the companies to pursue their strategic objectives and capitalize on emerging opportunities in the silver market.