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Bullboard - Stock Discussion Forum Summa Silver Corp V.SSVR

Alternate Symbol(s):  SSVRF

Summa Silver Corp. is a Canada-based junior mineral exploration company. The Company owns a 100% interest in the Hughes project located in central Nevada and in the Mogollon project located in southwestern New Mexico. The Hughes Property is located within and adjacent to the town of Tonopah, Nevada, the County Seat of Nye County, in the west-central part of the State. The Property comprises... see more

TSXV:SSVR - Post Discussion

Summa Silver Corp > $SSVR's current Private Placement to be big for financing
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Post by StockHawk1 on Jan 31, 2022 2:46pm

$SSVR's current Private Placement to be big for financing

If you are interested in small-cap silver exploration companies you should check out Summa Silver ($SSVR.V $SSVRF).
 
$SSVR has promising American assets and is also partially owned by prolific investor Eric Sprott. Specifically, he owns 18% and is expected to acquire even more in the company's latest private placement. 
 
The company's flagship project is the Huges Property (located in central Nevada) This property includes the past-producing high-grade Belmont Mine which was a prolific silver-producing mine between 1903 and 1929.
 
$SSVR's private placement was recently upgraded to $10M and is expected to be huge for getting the company the cash they need to explore the Huges Property and the Belmont Mine 
 
Right now $SSVR is trading at 0.94 (up 3.30%), MC is $59.958M
 
More on this PP as well as Sprot's involvement in it here:  
https://finance.yahoo.com/news/summa-silver-corp-announces-upsize-200700555.html
 
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