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Silver Hammer Mining Corp C.HAMR

Alternate Symbol(s):  HAMRF

Silver Hammer Mining Corp. is a junior resource exploration company focused on advancing past-producing high-grade silver projects in the United States. The Company controls 100% of the Silver Strand Mine in the Coeur d'Alene Mining District in Idaho, USA, as well both the Eliza Silver Project and the Silverton Silver Mine in Nevada and the Lacy Gold Project in British Columbia, Canada. Its primary focus is defining and developing silver deposits near past-producing mines that have not been adequately tested. Its portfolio also provides exposure to copper and gold discoveries. The Silver Strand Mine is comprised of 70 claims over a 5.8 km strike length atop the Revett formation. The Silverton Silver Mine is located in East Nevada’s Silver Alley. The Eliza Silver Project is a 5.52 square kilometer (km2) land package, and is located along strike of the Hamilton Mining District. The Lacy Property claim consists of three contiguous mineral claims totaling 590.08 hectares.


CSE:HAMR - Post by User

Post by Justdosomeddon Jun 18, 2021 4:40pm
138 Views
Post# 33412922

$LWD - Acquisition + Non-brokered private placement complete

$LWD - Acquisition + Non-brokered private placement complete
Lakewood Resources just completed the major acquisition of the Silver Hammer on top of the closing of a non-brokered private placement for a total gross of $3.5M.
 
Silver Hammer owns the Silver Strand Mine, which is located in a premier silver district in Idaho that has produced a total of over 1.2B oz of silver. The mine has a 5.5km strike length in the Coeur d’ Alene mining district in Idaho and is known for its depth potential.
 
The $3.5M from the private placement will mainly go towards exploration activities on the Lacy Property Gold Project and Silver Hammer’s Silver Strand Project. With a new mine and $3.5M in cash, $LWD is looking good for more growth in the future.
 
https://www.thenewswire.com/press-releases/1LaPFGVNM-lakewood-exploration-completes-acquisition-of-silver-hammer-and-non-brokered-private-placement.html?fbclid=IwAR1pnbJQqbR3e6IUz9FOY967keSlHBPUinvv0skwBibTMaGoeywRtd2AdFM
 
Since the IPO in May $LWD’s stock has seen steady growth, currently sitting at $0.66/160% (up nearly 5% today) above the IPO price. I’m considering adding more shares to my portfolio because of the moves they’ve been recently making and the stock growth they’ve seen over the past couple of months. I believe that the upwards trend will continue over the year as $LWD continues to move forward with their exploration plans on both their properties.
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