Silver Storm Secures Financing Progress for La Parrilla Silver Mine Restart

Published: May 9, 2025 09:54

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[Silver Storm Advances Financing for La Parrilla Silver Mine Restart]

Canadian miner Silver Storm Mining Ltd. has announced significant progress in securing financing for the restart of operations at its La Parrilla Silver Mine Complex in Durango, Mexico. The company has received several indicative term sheets from major trading houses for multi-year offtake agreements covering lead and zinc concentrates, alongside proposals from conventional lenders.These financing proposals include structured prepayment or project-linked facilities aimed at supporting near-term restart efforts.

Key terms under consideration include:
1. Total funding between US$15 million and US$17 million,
2. Facility tenors ranging from 36 to 48 months,
3. Interest rates tied to the 3-month SOFR benchmark plus a standard market premium.

All offers remain subject to customary conditions, such as satisfactory due diligence, full offtake commitments for production over the loan term, acceptable collateral arrangements, and final credit approvals. There is no certainty that binding agreements will be finalized or that financing will proceed on acceptable terms.

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