Significant Cash Position to Support Exploration As the world becomes more electric, we’re going to need a huge amount of resources in order to support the transition. Lithium, silver, and copper will be the foundational resources needed in order to make the transition feasible across the globe. And with silver demand having reached highs last year, I’m expecting this trend only to continue as investors hedge against inflation with the slowing rate hikes and the industry begins to utilize more silver due to the world’s electrification.
https://www.silverinstitute.org/global-silver-demand-rising-new-high-2022/
Summa Silver is a company especially poised to capitalize on the growth due to their solid management team, impressive properties, and cash position.
- Tight share structure, with 18% owned by Sprott and another 53% by insiders/institutional investors.
- Mogollon Project’s past production reached 298 g/t Ag and 6.16 g/t Au from 1880-1942, and current exploration has already shown signs of extreme mineralization on the property.
- The Hughes Project has already returned high grades and is located on the eastern side of the second-largest historical silver producer in Nevada.
More recently, Eric Sprott led a $10M financing round to further support exploration and development for 2023. With the new cash position and already promising results on their properties, definitely keep a close eye out for continued developments here.