CA Market News
2日前
Silver Spruce Resources, Inc. Announces Management Changes and Option GrantsJune 9, 2026 8:35 AM
ACCESS NewswireBEDFORD, NS / ACCESS Newswire / June 9, 2026 / (TSXV:SSE) - Silver Spruce Resources, Inc. ("Silver Spruce" or the "Corporation") announces that its Board of Directors has approved the appointment of Kevin O'Connor as President and Chief Executive Officer; and Michael Kinley as Chief Financial Officer. The appointments are effective as of June 9, 2026 and subject to the TSX Venture Exchange approval.Kevin O'Connor has been an independent Director of the Corporation since 2019. Since 1996, he has been a corporate attorney licensed in California (inactive) and Illinois (active). His mining experience stems from him previously owning a land package which comprised the Kay Copper Mine in Arizona. He was formerly senior legal counsel for Caterpillar Inc. and worked as a corporate lawyer in Beijing and Shanghai for 11 years; and has been fluent in Mandarin Chinese for three decades. Currently, he is based in Glen Echo, Maryland.Michael Kinley has served as an officer and director of several junior public mining companies over the past 30 years, and prior to that was a partner with KPMG in Canada. He is presently Chief Financial Officer of Opus One Resources, Inc. (OOR) and has been acting as the interim Chief Financial Officer of the Corporation since May 2023. The Board accepted Mr. Kinley's resignation as Chief Executive Officer of the Corporation, and the Corporation is pleased that he accepts the role of Chief Financial Officer.The Corporation also announces that the Board of Directors has approved the grant of an aggregate of 1,125,000 stock options to certain directors, officers, employees and consultants of the Corporation. Each option entitles the holder to acquire one common share of the Corporation at a price of $0.15 per share for a period of five years from the date of grant. The options were granted under and are subject to the terms and conditions of the Corporation's stock option plan.About Silver Spruce ResourcesSilver Spruce Resources, Inc. is a Canadian junior exploration company. The Company's diversified exploration portfolio includes:Pino de Plata Ag Project - High-grade silver property with historic artisanal mining located 15 kilometres west of Coeur Mining's Palmarejo Mine in western Chihuahua, MexicoJackie Au-Ag Project - Early-stage epithermal project with high-grade surface sampling and strong structural targets located
CA Market News
5日前
Silver Spruce Resources Inc. Provides an Update on the Jackie Project AcquisitionJune 5, 2026 11:00 AM
ACCESS NewswireNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESBEDFORD, NS / ACCESS Newswire / June 5, 2026 / Silver Spruce Resources Inc. ("Silver Spruce" or the "Corporation") is pleased to provide an update regarding the Jackie Project located in Sonora, Mexico. As previously announced (see News Releases dated May 14, 2025, November 12, 2025 and May 5, 2026), the Corporation has entered into an agreement with Colibri Resource Corporation ("Colibri") pursuant to which Silver Spruce will acquire Colibri's 50% ownership interest in the Jackie Au-Ag property ("Jackie"). In consideration for Colibri's 50% interest, Silver Spruce will issue C$25,000 worth of common shares in the capital of the Corporation to Colibri and grant a 1% Net Smelter Return royalty on any future production from the Jackie Project.Silver Spruce has received the TSX Venture Exchange (the "TSXV") approval for the acquisition of the Jackie Project. It is expected that the transaction will close once Colibri obtains the TSXV approval for this transaction. Upon closing, Silver Spruce will own 100% interest in the Jackie Project.Kevin O'Connor is a director of both Silver Spruce and Colibri and has abstained from voting on this transaction.About Silver Spruce ResourcesSilver Spruce Resources Inc. is a Canadian junior exploration company. The Company's diversified exploration portfolio includes:Pino de Plata Ag Project - High-grade silver property with historic artisanal mining located 15 kilometres west of Coeur Mining's Palmarejo Mine in western Chihuahua, MexicoJackie Au-Ag Project - Early-stage epithermal project with high-grade surface sampling and strong structural targets located
CA Market News
2週前
Silver Spruce Resources Inc. Announces Close of Non-Brokered Private PlacementMay 29, 2026 4:05 PM
ACCESS NewswireNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESBEDFORD, NS / ACCESS Newswire / May 29, 2026 / Silver Spruce Resources Inc. ("Silver Spruce" or the "Corporation") (TSXV:SSE) is pleased to announce that it has closed the second and final tranche (the "Second Tranche") of its previously announced non-brokered private placement (the "Offering"). The Second Tranche consisted of the issuance of 615,168 units in the capital of the Corporation (the "Units") at a price of CAD$0.20 per Unit (the "Offering Price") for gross aggregate proceeds of $123,033.60. Each Unit was composed of one common share in the capital of the Corporation (each, a "Share") and one Share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Share (each, a "Warrant Share") at an exercise price of $0.30 per Warrant Share for a period of 4 years from the date of issuance.The Corporation previously closed an initial tranche of the Offering on April 1st, 2026 (the "First Tranche"). The First Tranche consisted of the issuance of 3,696,250 Units for gross aggregate proceeds of $739,250. Together with Tranche 2, the Offering consisted of the total issuance of 4,311,418 Units for total gross proceeds of $862,283.60.The Corporation expects to use the proceeds of the Offering for exploration of the Corporation's mineral projects and general working capital purposes. The Offering is subject to the receipt of all necessary regulatory approvals, including the receipt of final approval from the TSX Venture Exchange (the "TSXV").In connection with the Second Tranche, the Corporation has agreed to pay a cash commission to an eligible finder in the aggregate of $2,400 and to issue an aggregate of 12,000 finder's warrants exercisable at a price of $0.30 for forty-eight (48) months from the closing of the Second Tranche. The securities issued pursuant to the Second Tranche and to eligible finders will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws.Certain insiders of the Corporation subscribed for an aggregate of 233,750 Units under the First Tranche of the Offering, which constitutes a "related party transaction" as such term is defined in Multilateral Instrument 61-101 - Protection of Minority Shareholders in Special Transactions ("MI 61-101"). The Corporation is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the acquired securities by such insiders will not exceed 25% of the market capitalization of the Corporation, as determined in accordance with MI 61-101.This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, the ("U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.About Silver Spruce ResourcesSilver Spruce Resources Inc. is a Canadian junior exploration company. The Corporation's diversified exploration portfolio includes:Pino de Plata Ag Project - High-grade silver property with historic artisanal mining located 15 kilometres west of Coeur Mining's Palmarejo Mine in western Chihuahua, MexicoJackie Au-Ag Project - Early-stage epithermal project with high-grade surface sampling and strong structural targets located
CA Market News
1月前
Silver Spruce Resources Inc. Announces Results of Annual and Special Meeting of ShareholdersMay 6, 2026 10:30 AM
ACCESS NewswireHALIFAX, NS / ACCESS Newswire / May 6, 2026 / (TSXV:SSE) - Silver Spruce Resources Inc. ("Silver Spruce" or the "Corporation"), announced today that its shareholders voted in favour of all items of business brought before them at the Corporation's annual and special meeting of shareholders held on May 5, 2026 (the "Meeting"). The Meeting had been adjourned from the original meeting date of April 28, 2026 to May 5, 2026 due to a lack of quorum.At the meeting, the three nominees to the Corporation's Board of Directors, namely Michael Kinley, Kevin O'Connor and Kevin Thieneman were elected for the ensuing year. For personal reasons, Paul Smith did not stand for election to the Board of Directors, the announcement of which was made by the Corporation on May 4, 2026.Charlton & Company was appointed as the Corporation's auditor to hold office until the next annual meeting of shareholders or until its successor is duly appointed, at a remuneration to be fixed by the Board.An ordinary resolution was passed by shareholders that amended and restated the Corporation's amended and restated stock option plan established in November of 2024, subject to TSX Venture Exchange approval. Details of the second amended and restated stock option plan are contained in the Corporation's management information circular dated March 20, 2026.About the CorporationSilver Spruce Resources Inc. is a Canadian junior exploration company. The Corporation's diversified exploration portfolio includes:Pino de Plata Silver Project - A high-grade silver property with historic artisanal mining located 15 kilometres west of Coeur Mining's Palmarejo Mine in western Chihuahua, MexicoJackie Gold-Silver Project - An early-stage epithermal project with high-grade surface sampling and strong structural targets located less than 10 kilometres northwest from Minera Alamos' Nicho deposit in eastern Sonora, MexicoMelchett Lake VMS (volcanogenic massive sulphide) Zinc-Silver-Gold-Copper Project - A polymetallic project with historical drilling in the Thunder Pay Mining District of OntarioContact:Kevin O'Connor, Director
(312) 509-5972
koconnor@silverspruceresources.com
info@silverspruceresouces.com
www.silverspruceresources.comNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Notice Regarding Forward-Looking StatementsThis news release contains forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Silver Spruce Resources. Forward-looking statements include estimates and statements that describe Silver Spruce Resource's future plans, objectives or goals, including words to the effect that Silver Spruce Resources or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Silver Spruce Resources, the Corporation provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to di er materially from those expressed or implied by such forward-looking information.Forward looking information in this news release includes, but is not limited to, the Corporation's objectives, goals or future plans, statements regarding the adoption of semi-annual reporting. Factors that could cause actual results to di er materially from such forward-looking information include, but are not limited to, regulatory approval processes, failure to identify mineral resources, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Corporation's public documents filed on SEDAR+. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Silver Spruce Resources disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.SOURCE: Silver Spruce Resources Inc.View the original press release on ACCESS NewswireOriginal: Silver Spruce Resources Inc. Announces Results of Annual and Special Meeting of Shareholders
CA Market News
1月前
Silver Spruce Resources Inc. Provides an Update On Jackie and Diamante ProjectsMay 5, 2026 12:10 PM
ACCESS NewswireNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESBEDFORD, NS / ACCESS Newswire / May 5, 2026 / Silver Spruce Resources Inc. (TSXV:SSE) ("Silver Spruce" or the "Corporation") is pleased to provide an update regarding its Jackie and Diamante Projects located in Sonora, Mexico. As previously announced (see News Releases dated May 14, 2025 and November 12, 2025), the Corporation has entered into an agreement with Colibri Resource Corporation ("Colibri") (TSXV:CBI) pursuant to which Silver Spruce will acquire Colibri's 50% ownership interest in the Jackie Au-Ag property ("Jackie").The 1,130-hectare Jackie property is a precious metal project located 8km west-southwest of the town of Tepoca, and 170 km southeast of the capital city of Hermosillo, eastern Sonora, Mexico. Jackie Property is situated within the west-central portion of the Sierra Madre Occidental Volcanic Complex of northern Mexico. Mining and exploration in the surrounding area is active with adjacent and nearby properties held by Alamos Gold, Argonaut, Agnico Eagle, Evrim, Newmont, Garibaldi, Kootenay Silver, and Penoles, among others. In consideration for Colibri's 50% interest, Silver Spruce will issue C$25,000 of common shares in the capital of the Corporation (the "Common Shares") to Colibri and grant a 1% Net Smelter Return royalty on any future production from the Jackie property. Following completion of the acquisition, Silver Spruce will own 100% interest in the Jackie property. The Company has applied for the approval of the Jackie transaction by the TSX Venture Exchange (the "TSXV") and the transaction remains subject to TSXV final approval.Additionally, as previously announced (see News Release dated May 14, 2025), Silver Spruce has entered into an agreement with Colibri pursuant to which is has agreed to relinquish to Colibri its 25% interest in the Diamante Project held via its 50% holding in Yaque Minerales SA de CV in exchange for forgiveness of approximately C$80,000 in outstanding exploration expenditures incurred by Colibri on the Diamante Project on behalf of Silver Spruce. The Diamante transaction is not subject to disinterested shareholder approval under the TSXV Policies but remains subject to the approval of the TSXV.Kevin O'Connor is a director of both Silver Spruce and Colibri and has abstained from voting on both transactions.About Silver Spruce ResourcesSilver Spruce Resources Inc. is a Canadian junior exploration company. The Company's diversified exploration portfolio now includes:Pino de Plata Ag Project - High-grade silver property with historic artisanal mining located 15 kilometres west of Coeur Mining's Palmarejo Mine in western Chihuahua, MexicoJackie Au-Ag Project - Early-stage epithermal project with high-grade surface sampling and strong structural targets located
CA Market News
1月前
Silver Spruce Resources Inc. Announces Change to Director Slate for Annual General and Special Meeting of ShareholdersMay 4, 2026 2:45 PM
ACCESS NewswireHALIFAX, NS / ACCESS Newswire / May 4, 2026 / (TSXV:SSE) - Silver Spruce Resources Inc. ("Silver Spruce" or the "Company") announced today that, for personal reasons, Paul Smith will not be standing for election to the Board of Directors at the Company's 2026 annual general and special meeting of shareholders (the "Meeting"), which has been adjourned from the original meeting date of April 28, 2026 at 2:00 pm (Atlantic Time) to the new date of May 5, 2026 at 2:00 pm (Atlantic Time). Mr. Smith will continue to act as Vice President, Exploration of the Company.Shareholders will continue to be able to cast their votes for the matters for the considered at the Meeting using the proxies and voting information previously distributed to the shareholders. However, any votes cast for Mr. Smith's election will be disregarded.The details of the Meeting, including how to attend the Meeting, are set out in the Company's management information circular dated March 20, 2026 (the "Meeting Information Circular"). The record date for determining shareholders entitled to vote at the Meeting remains the close of business on March 19, 2026.Silver Spruce encourages all shareholders of record on March 19, 2026 who have not yet voted to do so by 2:00 pm (Atlantic Time) on May 4, 2025. Shareholders with questions on how to vote their common shares are encouraged to contact TSX Trust Company toll-free in North America at 1-800-387-0825 or by email at shareholderinquiries@tmx.com.About the CompanySilver Spruce Resources Inc. is a Canadian junior exploration company. The Company's diversified exploration portfolio includes:Pino de Plata Silver Project - A high-grade silver property with historic artisanal mining located 15 kilometres west of Coeur Mining's Palmarejo Mine in western Chihuahua, MexicoJackie Gold-Silver Project - An early-stage epithermal project with high-grade surface sampling and strong structural targets located less than 10 kilometres northwest from Minera Alamos' Nicho deposit in eastern Sonora, MexicoMelchett Lake VMS (volcanogenic massive sulphide) Zinc-Silver-Gold-Copper Project - A polymetallic project with historical drilling in the Thunder Pay Mining District of OntarioContact:Kevin O'Connor, Director
(312) 509-5972
koconnor@silverspruceresources.cominfo@silverspruceresouces.com
www.silverspruceresources.comNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Notice Regarding Forward-Looking StatementsThis news release contains forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Silver Spruce Resources. Forward-looking statements include estimates and statements that describe Silver Spruce Resource's future plans, objectives or goals, including words to the effect that Silver Spruce Resources or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Silver Spruce Resources, the Corporation provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to di er materially from those expressed or implied by such forward-looking information.Forward looking information in this news release includes, but is not limited to, the Corporation's objectives, goals or future plans, statements regarding the adoption of semi-annual reporting. Factors that could cause actual results to di er materially from such forward-looking information include, but are not limited to, regulatory approval processes, failure to identify mineral resources, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Corporation's public documents filed on SEDAR+. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Silver Spruce Resources disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.SOURCE: Silver Spruce Resources Inc.View the original press release on ACCESS NewswireOriginal: Silver Spruce Resources Inc. Announces Change to Director Slate for Annual General and Special Meeting of Shareholders
CA Market News
1月前
Silver Spruce Resources Announces Resumption of Exploration at its Melchett Lake Au-Ag-Zn-Pb-Cu Volcanogenic Massive Sulphide Project, Nakina, OntarioMay 4, 2026 9:30 AM
ACCESS NewswireNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESBEDFORD, NS / ACCESS Newswire / May 4, 2026 / Silver Spruce Resources Inc. (TSXV:SSE) ("Silver Spruce" or the "Corporation") announces that it will proceed with phased exploration work at its 100% owned Melchett Lake VMS style Zn-Pb-Cu- Au-Ag Project in Northern Ontario. The property currently consists of 93 contiguous exploration cells encompassing a total of 2,325 hectares ("ha") forming the core exploration area of Melchett Lake project in northern Ontario, Canada (Figure 1).Mineralization includes primarily sphalerite, chalcopyrite, galena, and pyrite hosted in felsic volcanics along multiple zones. High-grade lenses in the mineralized horizon(s) show enrichment in Zn-Ag with variable Cu, Au, and Pb. Historical grades include 28.8 g/t Au, 565 g/t Ag, 19.15 Zn, 2.2% Pb, 0.40% Cu, and 1.72ppm Au. Previously, the Company also noted elevated values for Te, Bi, Se, Sb, Hg, Cd, and In.The Company plans to capitalize on earlier geophysical work carried out by Eagle Mapping Ltd. of Port Coquitlam, British Columbia, and GeoCloud Analytics of Melbourne, Australia, respectively, over the Melchett Lake Zn-Cu-Au-Ag volcanogenic massive sulphide project.Soil and rock geochemical anomalies, VMS style mineralization from surface to >500 metres depth, favorable alteration type will help focus initial 2026 exploration.Phase I exploration will include verification of earlier geochemical assays, geological lithologies, structural controls on mineralization, and quartz-sericite-pyrite alteration, in addition to other facets of the property. This will also include a review of previously recommended new drilling locations.Phase II drilling is contingent on results from Phase I exploration and may include up to 1,200 metres of NQ core.In addition, the Company intends to first advance its ongoing discussions with the local Aroland and Ginoogaming First Nations groups.Application for all necessary permits will commence soon.Mr. Paul K. Smith (P. Geo.), Vice-President of Exploration for the Company, commented, "This is an exciting opportunity to examine the economic potential of this property in comparison to other similar properties I've examined in the region. Although it's too soon to focus on any specific geological model for the Melchett Lake mineralization, all possible models will be examined based on both historical and newly acquired data."This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, the ("U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.About Silver Spruce ResourcesSilver Spruce Resources Inc. is a Canadian junior exploration company. The Company's diversified exploration portfolio includes:Pino de Plata Ag Project - High-grade silver property with historic artisanal mining located 15 kilometres west of Coeur Mining's Palmarejo Mine in western Chihuahua, MexicoJackie Au-Ag Project - Early-stage epithermal project with high-grade surface sampling and strong structural targets located
CA Market News
1月前
Silver Spruce Resources Inc. Announces Extension of Non-Brokered Private PlacementMay 4, 2026 7:00 AM
ACCESS NewswireNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESBEDFORD, NS / ACCESS Newswire / May 4, 2026 / (TSXV:SSE) - Silver Spruce Resources Inc. ("Silver Spruce" or the "Corporation") announces that, further to its news releases dated March 2, 2026 and April 1, 2026, the TSXV has granted the Corporation an extension for the completion of the second tranche (the "Second Tranche") of its previously announced non-brokered private placement (the "Offering"). As previously announced, the Offering consists of units of the Corporation (the "Units") at a price of CAD$0.20 per Unit (the "Offering Price"). Each Unit consists of a common share in the capital of the Corporation (each, a "Share") and one Share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Share (each, a "Warrant Share") at an exercise price of $0.30 per Warrant Share for a period of 4 years from the date of issuance. The Corporation intends to now close the second and final tranche of the Offering on or before May 18, 2026.The Corporation previously announced the closing of the first tranche (the "First Tranche") of the Offering on April 1, 2026. The First Tranche consisted of the issuance of 3,696,250 Units at the Offering Price for gross aggregate proceeds of $739,250. In connection with the First Tranche, the Corporation paid a cash commission to eligible finders in the aggregate of $39,560 and issued an aggregate of 197,800 finder's warrants exercisable at a price of $0.30 for forty-eight (48) months from the closing of the First Tranche. The securities issued pursuant to the First Tranche and to eligible finders are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws.During the First Tranche, certain insiders of the Corporation subscribed for an aggregate of 233,750 Units under the Offering, which constitutes a "related party transaction" as such term is defined in Multilateral Instrument 61-101 - Protection of Minority Shareholders in Special Transactions ("MI 61-101"). The Corporation is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the acquired securities by such insiders will not exceed 25% of the market capitalization of the Corporation, as determined in accordance with MI 61-101. The insider private placements were approved by the disinterested directors of the Corporation who concluded that the private placements were entered into on market terms and were fair to minority security holders. Certain insiders of the Corporation may participate in the Second Tranche of the Offering and intend to rely on the same exemptions from the valuation and minority shareholder approval requirements of MI 61-101 as outlined above.The Corporation expects to use the proceeds of the Offering for exploration of the Corporation's mineral projects and general working capital purposes. The closing of the First Tranche and the Second Tranche is subject to the receipt of all necessary regulatory approvals, including the receipt of final approval from the TSXV.The securities issued under the Second Tranche will be subject to a statutory hold period in Canada of four months and a day from the date of issuance in accordance with applicable securities laws.This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, the ("U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.About Silver Spruce ResourcesSilver Spruce Resources Inc. is a Canadian junior exploration company. The Company's diversified exploration portfolio now includes:Pino de Plata Ag Project - High-grade silver property with historic artisanal mining located 15 kilometres west of Coeur Mining's Palmarejo Mine in western Chihuahua, MexicoJackie Au-Ag Project - Early-stage epithermal project with high-grade surface sampling and strong structural targets located
CA Market News
1月前
Silver Spruce Resources Inc. Announces Adoption of Quarterly Reporting Exemption Under Coordinated Blanket Order 51-933April 29, 2026 5:00 PM
ACCESS NewswireBEDFORD, NS / ACCESS Newswire / April 29, 2026 / Silver Spruce Resources Inc. (TSXV:SSE) ("Silver Spruce" or the "Company") announces adoption of semi-annual financial reporting ("SAR"). This news release is being issued and filed pursuant to Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers ("CBO 51-933").CBO 51-933 allows eligible venture issuers to voluntarily move from a quarterly to a semi-annual financial reporting framework. By adopting SAR, Silver Spruce aims to reduce the administrative and financial burden associated with quarterly reporting allowing management to focus its resources on the Company's exploration and development programs.As a result of adopting SAR, the Company will not file interim financial statements and related Management's Discussion and Analysis ("MD&A") for the three-month period ending January 31 and the nine-month period ending July 31 of each applicable fiscal year. Accordingly, the initial interim period for which the Company does not intend to file an interim financial report and related MD&A will be for the nine months ended July 31, 2026. Silver Spruce will continue to file audited annual financial statements (due within 120 days of October 31) and six-month interim financial reports and related MD&A (due within 60 days of April 30).The Company remains committed to timely and transparent disclosure and will continue to report all material changes and significant developments as required under National Instrument 51-102 - Continuous Disclosure Obligations.ABOUT SILVER SPRUCE RESOURCES INC.Silver Spruce Resources is a Canadian junior exploration company. The corporation's diversified exploration portfolio now includes:The Pino de Plata silver project -- a high-grade silver property with historic artisanal mining located 15 kilometres west of Coeur Mining's Palmarejo mine in western Chihuahua, Mexico;The Jackie gold-silver project -- an early-stage epithermal project with high-grade surface sampling and strong structural targets located less than 10 kilometres northwest from Minera Alamos' Nicho deposit in eastern Sonora, Mexico;The Melchett Lake VMS (volcanogenic massive sulphide) zinc-silver-gold-copper project -- a polymetallic project with historical drilling in the Thunder Bay mining district of Ontario.ON BEHALF OF THE BOARDKevin O'Connor, Director
(312) 509-5972
info@silverspruceresouces.com
www.silverspruceresources.comNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Notice Regarding Forward-Looking StatementsThis news release contains forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Silver Spruce Resources. Forward-looking statements include estimates and statements that describe Silver Spruce Resource's future plans, objectives or goals, including words to the effect that Silver Spruce Resources or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Silver Spruce Resources, the Corporation provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information.Forward looking information in this news release includes, but is not limited to, the Corporation's objectives, goals or future plans, statements regarding the adoption of semi-annual reporting. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes, failure to identify mineral resources, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Corporation's public documents filed on SEDAR+. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Silver Spruce Resources disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.SOURCE: Silver Spruce Resources, Inc.View the original press release on ACCESS NewswireOriginal: Silver Spruce Resources Inc. Announces Adoption of Quarterly Reporting Exemption Under Coordinated Blanket Order 51-933
CA Market News
1月前
Silver Spruce Resources Inc. Announces Adjournment of Annual General and Special Meeting of ShareholdersApril 28, 2026 11:10 PM
ACCESS NewswireHALIFAX, NS / ACCESS Newswire / April 28, 2026 / (TSXV:SSE) - Silver Spruce Resources Inc. ("Silver Spruce" or the "Company") announced today that its 2026 annual general and special meeting of shareholders (the "Meeting") has been adjourned from the original meeting date of April 28, 2026 at 2:00 pm (Atlantic Time) to the new date of May 5, 2026 at 2:00 pm (Atlantic Time). The details of the Meeting, including how to attend the Meeting, are set out in the Company's management information circular dated March 20, 2026 (the "Meeting Information Circular"). The record date for determining shareholders entitled to vote at the Meeting remains the close of business on March 19, 2026.During the current adjournment, the Company continues to solicit votes from its shareholders with respect to all proposals set forth in the Meeting Information Circular. At the time the Meeting was adjourned, two shareholders were present in person and proxies had been submitted by shareholders representing approximately 7.98% of the Company's common shares outstanding and entitled to vote, which did not constitute the requisite 10% quorum. The Board of Directors of the Company believes that the approval of all matters set out in the Meeting Information Circular is in the best interests of the Company. Proxies previously submitted with respect to the Meeting will be voted on all proposals at the adjourned Meeting unless properly revoked, and shareholders who have previously submitted a proxy or otherwise voted need not take any action.Silver Spruce encourages all shareholders of record on March 19, 2026 who have not yet voted to do so by 2:00 pm (Atlantic Time) on May 4, 2025. Shareholders with questions on how to vote their common shares are encouraged to contact TSX Trust Company toll-free in North America at 1-800-387-0825 or by email at shareholderinquiries@tmx.com.About the CompanySilver Spruce Resources Inc. is a Canadian junior exploration company. The Company's diversified exploration portfolio now includes:Pino de Plata Ag Project - High-grade silver property with historic artisanal mining located 15 kilometres west of Coeur Mining's Palmarejo Mine in western Chihuahua, MexicoJackie Au-Ag Project - Early-stage epithermal project with high-grade surface sampling and strong structural targets located
CA Market News
2月前
Silver Spruce Resources Inc. Announces Close of $739,250 First Tranche of Non-Brokered Private Placement and ExtensionApril 1, 2026 6:55 PM
ACCESS NewswireNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESBEDFORD, NS / ACCESS Newswire / April 1, 2026 / Silver Spruce Resources Inc. ("Silver Spruce" or the "Corporation") (TSXV:SSE) is pleased to announce that it has closed the first tranche (the "First Tranche") of its previously announced non-brokered private placement (the "Offering"). The First Tranche consisted of the issuance of 3,696,250 units in the capital of the Corporation (the "Units") at a price of CAD$0.20 per Unit (the "Offering Price") for gross aggregate proceeds of $739,250. Each Unit was composed of one common share in the capital of the Corporation (each, a "Share") and one Share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Share (each, a "Warrant Share") at an exercise price of $0.30 per Warrant Share for a period of 4 years from the date of issuance. The Company also announces that it is extending the Offering, and it anticipates that it will close the second and final tranche of the Offering on or before May 4, 2026.The Corporation expects to use the proceeds of the Offering for exploration of the Corporation's mineral projects and general working capital purposes. The Offering is subject to the receipt of all necessary regulatory approvals, including the receipt of final approval from the TSX Venture Exchange (the "TSXV").In connection with the First Trance, the Company has agreed to pay a cash commission to eligible finders in the aggregate of $39,560 and to issue an aggregate of 197,800 finder's warrants exercisable at a price of $0.30 for forty-eight (48) months from the closing of the First Tranche. The securities issued pursuant to the First Tranche and to eligible finders will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws.Certain insiders of the Corporation subscribed for an aggregate of 233,750 Units under the Offering, which constitutes a "related party transaction" as such term is defined in Multilateral Instrument 61-101 - Protection of Minority Shareholders in Special Transactions ("MI 61-101"). The Corporation is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the acquired securities by such insiders will not exceed 25% of the market capitalization of the Corporation, as determined in accordance with MI 61-101.This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, the ("U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.About Silver Spruce ResourcesSilver Spruce Resources Inc. is a Canadian junior exploration company. The Corporation's diversified exploration portfolio now includes:Pino de Plata Ag Project - High-grade silver property with historic artisanal mining located 15 kilometres west of Coeur Mining's Palmarejo Mine in western Chihuahua, MexicoJackie Au-Ag Project - Early-stage epithermal project with high-grade surface sampling and strong structural targets located
CA Market News
3月前
Silver Spruce Resources Inc. Announces Non-Brokered Private Placement for Proceeds of up to $2,000,000March 2, 2026 9:22 AM
ACCESS NewswireNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESBEDFORD, NS / ACCESS Newswire / March 2, 2026 / Silver Spruce Resources Inc. ("Silver Spruce" or the "Corporation") (TSXV:SSE) is pleased to announce a non-brokered private placement to raise proceeds of up to $2,000,000 through the issuance of up to 10,000,000 units of the Corporation (the "Units") at an issue price of $0.20 per Unit (the "Offering"). Each Unit is comprised of one common share and one common share purchase warrant (each, a "Warrant"). Each Warrant entitles the holder thereof to purchase one common share of the Corporation (each, a "Warrant Share") at an exercise price of $0.30 per Warrant Share for a period of 4 years from the closing of the Offering.The Offering is expected to close on or about March 27, 2026, and is subject to certain closing conditions, including, but not limited to, the receipt of all necessary approvals, including acceptance by the TSX Venture Exchange (the "TSX-V"). The Corporation expects to use the proceeds of the Offering for exploration of the Corporation's mineral projects and general working capital purposes. In connection with the Offering, the Corporation may pay eligible finders a cash commission and issue finder's warrants in accordance with the policies of the TSXV.Certain insiders of the Corporation may participate in the Offering, which would constitute a "related party transaction" as such term is defined in Multilateral Instrument 61-101 - Protection of Minority Shareholders in Special Transactions ("MI 61-101"). The Corporation intends to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the acquired securities by such insiders will not exceed 25% of the market capitalization of the Corporation, as determined in accordance with MI 61-101.The securities issued under the Offering will be subject to a statutory hold period in Canada of four months and a day from the date of issuance in accordance with applicable securities laws.This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, the ("U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.About Silver Spruce ResourcesSilver Spruce Resources Inc. is a Canadian junior exploration company. The Corporation's diversified exploration portfolio now includes:Pino de Plata Ag Project - High-grade silver property with historic artisanal mining located 15 kilometres west of Coeur Mining's Palmarejo Mine in western Chihuahua, MexicoJackie Au-Ag Project - Early-stage epithermal project with high-grade surface sampling and strong structural targets located
CA Market News
4月前
Silver Spruce Appoints Vice-President of ExplorationJanuary 29, 2026 12:45 PM
ACCESS NewswireBEDFORD, NS / ACCESS Newswire / January 29, 2026 / Silver Spruce Resources, Inc. ("Silver Spruce" or the "Company") (TSXV:SSE) is pleased to announce the appointment of Paul K. Smith, P.Geo., as Vice-President of Exploration, effective immediately. He is a Qualified Person under NI 43-101.Mr. Smith (P. Geo.) is a graduate of Acadia University ('73, ‘76) in Nova Scotia and is a registered professional geologist. He is a structural geologist by training and has extensive public and private experience working in government and the private sector. Paul has global gold and base metal experience working underground and on surface, in addition to both an environmental and First Nations working background in Canada. He also has experience travelling to Mexico performing geological work on the Bilbao Deposit there (Ag-Pb-Zn-Cu ± Au).He currently serves as CFO for Triple One Metals Inc. after serving as its President & CEO for a number of years. Mr. Smith is also Founder and President of Earth Science Consulting NS 2025 Ltd.About Silver Spruce Resources Inc.Silver Spruce Resources, Inc. is a Canadian junior exploration company. The Company's exploration portfolio is now focused on:Pino de Plata Ag Project - High-grade silver property with historic artisanal mining located 15 kilometres west of Coeur Mining's Palmarejo Mine in western Chihuahua, MexicoJackie Au-Ag Project - Early-stage epithermal project with high-grade surface sampling and strong structural targets located