What Silver47 Exploration does

Silver47 Exploration Corp is a North American-focused mineral exploration company engaged in the discovery and development of silver, copper, and gold resources, with primary operations in Alaska, Nevada, and New Mexico. The company's project portfolio comprises six exploration assets: the flagship Red Mountain volcanic massive sulfide (VMS) project in Alaska (168.6 Moz AgEq inferred), the Hughes Project near Tonopah, Nevada (including a 2.74 Moz AgEq inferred tailings resource), the Mogollon past-producing silver project in New Mexico, the Kennedy Gold-Silver Project in Pershing County, Nevada (expanded to 6,150 acres across 301 claims covering over 15 km of veins), the Adams Plateau Project in British Columbia, and the Michelle Project in Yukon. On a combined basis, the company reports 236 Moz AgEq at 334 g/t inferred plus 10 Moz AgEq at 333 g/t indicated, with stated long-term ambition of 1 billion ounces of Silver Equivalent endowment.

Exploration methodology combines reverse circulation pre-collars with diamond core tails to intercept deep mineralized structures, complemented by auger drilling, soil geochemical surveys, rock chip sampling, drone-based geophysics, and metallurgical testing (cyanide leach and CIL at multiple grind sizes) for tailings reprocessing evaluation. The company is pre-revenue, with no commercial production or sales, and finances exploration through equity issuance on the TSX Venture Exchange (AGA) and OTCQX Best Market (AAGAF). Capital markets activities are concentrated with Research Capital Corporation as lead underwriter, with Haywood Securities as syndicate member, across multiple brokered offerings totaling over $70 million in 2025-2026.

Strategically, Silver47 is positioning itself as a premier U.S. high-grade silver developer by leveraging a stated valuation gap of approximately US$0.32 EV/oz versus peer explorers at US$1.50-$3.00/oz, and by aligning with U.S. critical minerals policy through membership in the DARPA-seeded Critical Minerals Forum. The company is executing an at-market merger with Summa Silver Corp, completed a bought deal public offering of $34.5 million in January 2026, was named a 2026 TSX Venture 50 Top 50 Company, and operates a consumer-facing collectible silver round as a brand-building product. GTM motion is investor-relations driven: corporate presentations, virtual investor conferences (Kinvestor 2026), press release distribution, and dual-listings.

Name

Silver47 Exploration

Legal name

Silver47 Exploration Corp.

Website

https://silver47.ca

Company type

Public

Operating status

Operating

Headcount range

11–50 employees

Short description

Silver47 Exploration Corp is a pre-revenue North American mineral exploration company developing high-grade silver, copper, and gold projects in Alaska, Nevada, and New Mexico, serving institutional and retail investors through TSXV/OTCQX-listed equity.

Ownership category

akta.pro rank

Product category

Mineral Exploration and Development

NAICS

Gold Ore and Silver Ore Mining (212220), Gold Ore and Silver Ore Mining (21222), Metal Ore Mining (2122)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Silver Mining (IMAKAEAB)

akta.pro secondary industries

Precious Metals Exploration & Project Development (IMAKAEAI), Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA), Gold Mining (IMAKAEAA)

Keywords

• Silver exploration
• Critical minerals exploration
• Geological drilling programs
• Mineral resource development
• Metallurgical testing

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Technology or R&D, Infrastructure, Marketing or Sales

Distribution channels3 records

Marketing channels8 records

Core offering

Silver47 Exploration is a public, pre-revenue mineral exploration and development company that advances silver, gold, copper, and critical-metals projects in the United States and Canada. Its work includes geological drilling, geochemical and geophysical surveys, mineral-resource evaluation, and metallurgical testing; the company also offers a 1 oz .999 fine silver collectible round through its online Bullion Store.

Product overview

Silver47 Exploration is a mineral exploration company focused on silver-rich deposits in North America, operating as a portfolio of exploration projects rather than a unified software platform. The company offers six mineral exploration projects (Red Mountain in Alaska, Hughes and Kennedy in Nevada, Mogollon in New Mexico, Adams Plateau in British Columbia, and Michelle in Yukon) plus a consumer-facing collectible silver product. The exploration portfolio targets high-grade silver and critical metals with combined inferred resources of 236 million ounces of silver equivalent at 334 g/t.

Differentiator

Problem solved

Functional benefit

Products and services

• Red Mountain Project Flagship exploration asset in south-central Alaska comprising a wholly owned volcanic massive sulfide system with an inferred resource of 168.6 million ounces of silver equivalent.
• Hughes Project Silver-gold exploration project near Tonopah, Nevada, targeting the eastern extension of the historic Tonopah Mining District through the Ruby, Sapphire, and Emerald targets.
• Mogollon Project Past-producing silver mining project near Silver City, New Mexico, with lease agreements structured for a ten-year period.
• Kennedy Project Gold-silver exploration project in Pershing County, Nevada, expanded to 6,150 acres across 301 unpatented mining claims and covering more than 15 km of known veins.
• Adams Plateau Project Exploration project in British Columbia, Canada, where more than 5,000 soil samples and more than 90 rock samples have been collected and reported grades exceed 1,000 g/t silver equivalent.
• Michelle Project Exploration project in Yukon Territory, Canada.
• Silver47 Collectable Silver Round One-troy-ounce .999 fine silver collectible round offered for purchase through Silver47's online Bullion Store.

Quantifiable outcome

• 236 Moz AgEq combined inferred resource at 334 g/t
• +4 more outcomes

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Critical Minerals ForumcoreStrategic or Co-development Partner · 26 March 2026Coalition of over 50 miners, processors, investors, and end-users across battery, semiconductor, defense, and aerospace industries, seed-funded by DARPA's Open Price Exploration for National Security initiative. Recognized by U.S. government agencies as key adviser on essential mineral projects. Provides capital-raising support, partnership formation, offtake agreements, and coordinated government engagement.
• Summa Silver Corp.coreStrategic or Co-development Partner · 12 May 2025At-market merger agreement under which Summa shareholders will receive 0.452 Silver47 shares for each Summa share held, creating a combined company to be named Silver47 Exploration Corp. The transaction closed with $6.9 million brokered financing in escrow to fund the merger and advance the combined silver project portfolio in the United States.
• Lithium CorporationminorStrategic or Co-development PartnerLithium Corporation assists Silver47 with sampling at their Tonopah Tailings project in Nevada, where Lithium Corporation retains a 0.25% Net Smelter Return royalty through its partial ownership in Summa, LLC. Silver47 also entered an option agreement with Ridgestone Mining Inc. for certain claims in British Columbia.
• Kin Communications Inc.minorGTM or Marketing PartnerInvestor relations and communications firm that organized the Kinvestor Mining & Energy 2026 Virtual Investor Conference featuring 16 junior mining companies including Silver47.
• High TideminorGTM or Marketing PartnerEngaged investor relations services firm for market visibility and investor communications.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Defiance Silver Corp: Junior silver explorer with assets in Mexico (San Acacio) and the U.S.; comparable as a small-cap TSXV-listed silver developer with similar pre-revenue profile and resource-stage economics.
• Summa Silver Corp: Directly comparable junior silver explorer being merged into Silver47 (0.452 share exchange); Summa focused on high-grade U.S. silver projects in New Mexico (Mogollon) and was the most direct strategic match, validating the combined portfolio thesis.
• MAG Silver Corp: Senior silver-focused mining company with the Juanicipio project in Mexico; comparable as a high-grade silver developer, with a much larger resource base but similar precious-metals development profile and TSX/OTC listing structure.
• Dolly Varden Silver Corporation: Canadian junior silver explorer focused on British Columbia (Kitsault Valley), directly comparable in size, stage (pre-production), TSXV listing, and high-grade silver resource development mandate.
• Silver Tiger Metals Inc. Junior silver explorer advancing the El Tigre project in Mexico; closely comparable on profile (high-grade silver, pre-revenue, TSXV-listed) and is frequently cited as a peer in the silver developer re-rating thesis.
• AbraSilver Resource Corp: Argentina-focused silver-gold developer (Diablillos project); comparable on pre-revenue high-grade silver mandate, TSXV listing, and PE-oz resource framing used in similar valuation discussions.
• Kootenay Silver Inc. Canadian junior silver explorer with La Cigarra and Promontorio projects in Mexico; directly comparable in size, exploration-stage posture, and TSXV-listed silver developer profile.
• New Pacific Metals Corp: Junior mining company developing the Silver Sand project in Bolivia; relevant peer on high-grade silver development, TSXV/OTC dual-listing structure, and pre-production capitalization needs.

Emerging players

• SilverCrest Metals Inc. Mid-cap silver-gold producer (Las Chispas mine, Mexico) that successfully transitioned from junior explorer to producer — a relevant comp for Silver47's longer-term transition path, though already producing and at a meaningfully larger scale.

Broad incumbents

• First Majestic Silver Corp. Established mid-tier silver producer operating multiple mines across Mexico; comparable as a silver-focused incumbent that demonstrates the path from junior explorer to producer and provides reference valuation multiples (EV/oz) used in the Silver47 re-rate narrative.

Market position

Strengths5 records

Weaknesses6 records

Competitive moat5 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/Silver47co
• LinkedInlinkedin.com/company/silver47exploration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds4 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Silver47 Exploration