Silver One Resources

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Primary tickers: TSXV:SVE, OTCQX:SLVRF, FSE:BRK1
Stage of development: Exploration, Development
Primary mineral: Silver
Project to promote: Candelaria
Project location: Nevada and Arizona
Website: www.silverone.com

The Company holds an option to acquire a 100%-interest in its flagship project, the past-producing Candelaria Silver Mine, Nevada. Potential reprocessing of silver from the historic leach pads at Candelaria is being investigated. Additional opportunities lie in previously identified high-grade silver intercepts down-dip and the possibility of increasing the substantive silver mineralization along-strike from the two past-producing open pits.
 
The Company has staked 636 lode claims and entered into a Lease/Purchase Agreement to acquire five patented claims on its Cherokee project located in Lincoln County, Nevada, host to multiple silver-copper-gold vein systems traced to date for over 12 km along-strike. The property also has potential for limestone related polymetallic plus silver and gold and/or other intrusive related systems at depth.
 

Silver One owns 100% interest in the Phoenix Silver project.  Phoenix Silver is a very high-grade native silver project where over 200 silver fragments have been found assayed at 459,000 g/t.  The project lies within the “Arizona Silver Belt”, immediately adjacent to the prolific copper producing area of Globe, Arizona.


Cash: CAD~$3M
Debt: NIL


Major shareholders:

Eric Sprott – 15.2%

Jupiter Fund Management – 4.5%

Commodity Capital – 4.1%

Next Generation Resource Fund – 1.7%

Global X Silver Miners – 1.6%

MIREA Asset Global Investment – 1.3%

Management Ownership – 3.2%

Financials

Management Profile

Greg Crowe – President and CEO
Mr. Crowe has over 30 years’ experience in the exploration and mining sector. This includes extensive exposure to precious and base metal projects throughout North and South America, Asia and Africa. Mr. Crowe has worked with major mining companies and has served as a Director and Executive of several junior and development stage resource companies.

What is your rationale for taking part in 121 Mining Investment?

Continue to seek retail and institutional investors for market support.
Raise additional capital for further development at our 3 projects.
Build awareness around how undervalued Silver prices and Silver One currently is.
As the world moves towards a green economy, Silver One will continue to shine light on the importance of silver use in this space.

What recent news would you like to highlight to investors attending?

June 21, 2024 – Silver One closes oversubscribed financing of $5.9 million

 

October 2, 2024 – Silver One commences drilling at high-grade Phoenix Silver project.

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Begin drilling at Phoenix Silver

6 Months:
Produce economic study on Candelaria

12 Months:
Production plan for Candelaria

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Key risk: weak silver prices. Overcome: Continue to position the company against silver prices and further develop our key flagship project through our key initiatives. Plus create new resources at Phoenix Silver project.

What do you think makes your company such a compelling investment?

Silver one has 3 highly prospective projects- Candelaria, Cherokee and Phoenix Silver.
Highly leveraged to Silver prices.
Strong financial backing.
Strong management team with extensive background in large-scale development projects

What are the top 3 key investor takeaways?

  1. Past-producing Candelaria silver mine has 45 million ounces of silver on the leach pads.
  2. Candelaria mining permits are still active, just need updating.  Short timeline to production.
  3. 1st Drill program at Phoenix Silver is currently underway at location where 417 pound silver vein fragment (70% silver) was found.