Aftermath Silver


Primary ticker: TSXV:AAG, OTCQX:AAGFF, FF:FLM1
Stage of development: Exploration
Primary minerals: Silver, Gold, Copper, Manganese
Projects to promote: Berenguela, Challacollo
Project locations: Peru, Chile
Corporate presentation: Click here

Aftermath Silver Ltd. is a leading Canadian junior exploration company focused on silver, and aims to deliver shareholder value through the discovery, acquisition and development of quality silver projects in stable jurisdictions. Aftermath has developed a pipeline of projects at various stages of advancement. The Company’s projects have been selected based on growth and development potential.


Berenguela Silver-Copper project. The Company has an option to acquire a 100% interest through a binding agreement with SSR Mining. The project is located in the Department of Puno, in southern central Peru. A NI 43-101 Technical Report on the property was filed in February 2021. The Company is currently drilling at Berenguela and planning to advance the project through a pre-feasibility study.


Challacollo Silver-Gold project. The Company recently completed the acquisition of a 100% interest in the Challacollo silver-gold project from Mandalay Resources. A NI 43-101 mineral resource was released on December 15, 2020. The Company is currently permitting road access in anticipation of an upcoming drill program.


Cash: CAD1.5M
Debt: NIL


Major shareholders:

Eric Sprott – 14%

Mandalay Resources – 3.9%

Strategic Investor – 5.1%

Management Ownership – 4%

Management Profile

Ralph Rushton – President, CEO and Director

Mr. Rushton holds a BSc in geology (Portsmouth University, UK), an MSc. in economic geology (University of Alberta, Canada) and a certificate in business communications from Simon Fraser University. He has significant exploration and mining experience in a number of geological settings and terrains working for Anglo American PLC and Rio Tinto. Since 2016 he has worked in business development and marketing for a number of junior resource companies. He is a director of 4 TSX.V companies, and an adviser to two other exploration companies. He has helped to raise over $400-million through equity financings to finance exploration and development programs in Latin America, Scandinavia and Eastern Europe.

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

Raising awareness of the Aftermath Silver’s portfolio of projects

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

May 15, 2023 – Aftermath Silver Ltd. Announces Closing Of Second And Final Tranche Of Private Placement


May 3, 2023 – Aftermath Silver Ltd. Announces Closing Of First Tranche Of Private Placement


April 27, 2023 – Aftermath Silver Increases Private Placement


April 13, 2023 – Aftermath Silver Files Technical Report On The Berenguela Silver-Copper Project, Peru


April 12, 2023 – Aftermath Silver Announces C$7.0-million Non-Brokered Private Placement


March 20, 2023 – Aftermath Silver Appoints Jeff Sundar as Investor Relations Consultant, Grants Stock Options


March 2, 2023 – Aftermath Silver Announces Expanded Mineral Resource Estimate for Berenguela Silver-Copper-Manganese Project, Peru. 101.2M Moz Ag + 2.45Mt Mn in Measured and Indicated Resources & 38.8 Moz Ag + 0.8Mt Mn in Inferred Resources

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

3 Months:
Phase 2 metallurgical testwork. Initiation of a PEA for Berenguela.

6 Months:

Start up of drilling at Challacollo.

12 Months:
Completion of a PEA for Berenguela.

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

Key risks are

1)  technical – completion of metallurgical testwork for Berenguela;

2) political – perception of political risk, particularly in Chile;

3) financing – ability to fund our full project development wish list for Berenguela and Challacollo.

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

Berenguela gives investors exposure to a large resource of metals (Ag, Cu, Mn) critical to the green tech / EV industries in an open pit project, close to all required infrastructure.

What are the top 3 key investor takeaways?

  • Large Ag resource with co/by-product Cu and Mn.
  • Advanced projects close to infrastructure.
  • Highly experienced management.