“Silver Hammer Strikes: Definitive Agreement Reached to Acquire Shafter Silver Mine and Proposed Reorganization Announced!

Silver Hammer Mining Inc. (‘Silver Hammer’), an established mining exploration company focused in Mexico, has recently reached a definitive agreement to acquire the Permitted Shafter Silver Mine Project (‘Shafter’) in West Texas from San Antonio Mining, LLC. This acquisition is expected to expand and diversify Silver Hammer’s portfolio and increase the size of the company. The proposed acquisition and reorganization of Silver Hammer is based on a plan of arrangement under the Business Corporations Act (Ontario). The reorganization is subject to shareholder approval and other customary conditions for such transactions. Shafter is an operating and permitted silver and gold mining project (including ore milling) located in Presidio County, Texas. It has an open pit mining system, with a current mineral resource estimate of 35.6 million tons of ore at a grade of 28.53 oz/ton silver and 0.22 oz/ton gold, represented by both inferred and indicated mineral resources. As part of the proposed transaction, Silver Hammer will acquire from San Antonio Mining all intellectual property, real estate, mining rights, equipment, inventory, environmental permits, and other assets associated with the Shafter property, as well as the processing facility. The completion of the acquisition is expected to be completed by the end of Q2 2021, with Silver Hammer establishing a new board and management team. The new team will be in charge of the newly established Shafter Silver Mine Project and will focus on improving the mine’s operational efficiency and increasing production. The transaction is expected to significantly benefit Silver Hammer in terms of providing additional resources for exploration and mineralized material for milling purposes. Furthermore, this acquisition is expected to strengthen the company’s production capacity as well as its production and profitability levels. This acquisition and reorganization provides an ideal opportunity for Silver Hammer Mining Inc. to expand its presence in the silver and gold mining sector and to capitalize on Shafter’s existing operations. It is expected to bring additional long-term value to shareholders and to position Silver Hammer as a trusted and reputable silver and gold mining exploration company.