What Kootenay Silver does

Kootenay Silver Inc. is a Canadian-domiciled, publicly traded junior mining company (TSXV: KTN, OTCQX: KOOYF) focused exclusively on silver exploration and development in Mexico. The company was founded in 2011 as Kootenay Gold Inc., rebranded in 2012 following high-grade silver results at Promontorio, and expanded through its 2016 business combination with Northair Silver. It maintains four core exploration-stage silver projects in Mexico: the flagship Columba high-grade epithermal vein system in Chihuahua (54.1Moz inferred at 284 gpt), the development-stage La Cigarra project in the Parral Mining District (51.57Moz M&I plus 11Moz inferred, with a positive PEA completed June 2026), and the legacy Promontorio and La Negra assets in Sonora. Total measured and indicated resources stand at 119.79Moz silver equivalent with an additional 82.78Moz inferred, making the portfolio one of the largest junior-owned silver asset bases in Mexico.

The company's technical foundation centers on epithermal vein system exploration, employing 3D Induced Polarization and Audio-Magnetotelluric geophysical surveys through partner SJ Geophysics Ltd. to image mineralized structures to depths exceeding one kilometer. Exploration activities are supported by a wholly-owned Mexican subsidiary, Minera JM De C.V., operating from Hermosillo, Sonora. The company holds 100% ownership of its project portfolio with 24-year surface access agreements. There is no software, digital platform, or technology product offering — the company's "products" are mineral resource assets at varying stages of exploration and development.

Kootenay Silver is pre-revenue and generates no operating income; it funds activities exclusively through equity capital markets. The company has raised approximately C$30M-plus across three major financing rounds in late 2025 and early 2026 (December 2025 US$20M public offering, January 2026 upsized C$16.5M bought deal, February 2026 C$18M bought deal), led by underwriters Red Cloud Securities and Research Capital Corporation. Earlier strategic backing includes a 2013 C$4.75M private placement from Agnico-Eagle Mines Limited. The customer base consists of institutional and retail investors in Canadian and U.S. markets, reached through TSXV and OTCQX listings, marketing services agreements with Gold Standard Media and Sideways Frequency LLC, and participation at conventions such as PDAC. Lead underwriters repeat across financings, creating capital-raising channel concentration but reflecting established institutional relationships.

Name

Kootenay Silver

Legal name

Kootenay Silver Inc.

Website

https://kootenaysilver.com

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Kootenay Silver Inc. is a Canadian-domiciled, publicly traded junior mining company focused on silver exploration and development across four Mexican projects (Columba, La Cigarra, Promontorio, La Negra), holding one of the largest junior-owned silver resource portfolios in Mexico at 128+ million ounces M&I and 89+ million ounces inferred, funded entirely through equity capital markets.

Ownership category

akta.pro rank

Product category

Silver Mining Exploration

NAICS

Gold Ore and Silver Ore Mining (21222)

SIC

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

akta.pro primary industry

Silver Mining (IMAKAEAB)

akta.pro secondary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

Keywords

• Silver exploration
• Mineral exploration
• Mining exploration
• Precious metals
• Resource development

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Equity Capital Raising: Pre-revenue exploration stage company that raises capital through equity financings including bought deal private placements, public offerings, and at-the-market (ATM) equity programs. No revenue from mineral production as projects are in exploration/development stage.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Kootenay Silver Inc. is a Canadian-based silver exploration and resource development company focused on the acquisition, exploration, and advancement of silver mining projects in Mexico. The company's core offering is the development of a portfolio of four major silver projects — Columba (flagship), La Cigarra, Promontorio, and La Negra — totaling 128.24 million ounces of pure silver measured & indicated and 89.03 million ounces inferred. As an exploration-stage junior mining company, it generates no operating revenue and funds activities through equity capital raises.

Product overview

Kootenay Silver Inc. is a silver exploration company with a portfolio of four major exploration-stage silver projects in Mexico. The company's flagship project is Columba, a high-grade epithermal vein system in Chihuahua with 54.1 Moz inferred silver resource. La Cigarra is an advanced-stage project with a positive PEA (June 2026) projecting strong economics. Promontorio and La Negra are legacy assets in Sonora. The company's total resource base comprises approximately 119.79 million ounces of measured and indicated silver plus 82.78 million ounces inferred across all projects, making it one of the largest junior-owned silver asset portfolios in Mexico.

Differentiator

Problem solved

Functional benefit

Products and services

• Columba Silver Project Flagship high-grade epithermal silver vein system located in Chihuahua, Mexico, hosting a maiden inferred resource of 54.1 million ounces of silver at 284 gpt grade based on 5.92 million tonnes. The project features multiple vein systems (D, B-2, Lupe, F) and is the company's most advanced exploration-stage silver deposit, currently being drilled to expand the maiden resource estimate.
• La Cigarra Silver Project A silver project in the Parral Mining District of Chihuahua, Mexico, with a positive Preliminary Economic Assessment (PEA) completed in June 2026 projecting a 14-year open-pit mine with 63.7 million ounces payable silver production, US$763 million after-tax NPV, and 41% IRR. The project hosts 51.57 million measured and indicated ounces plus 11 million inferred ounces of silver.
• Promontorio Silver Resource A silver project in Sonora, Mexico, containing measured and indicated resources of approximately 46.77 million ounces of silver equivalent with additional inferred resources. The project represents one of the company's legacy assets in the Sierra Madre region.
• La Negra Silver Project A silver discovery within the Promontorio project area in Sonora, Mexico, characterized as a hydrothermal-diatreme breccia system. The project has outlined significant silver mineralization with chip samples averaging 107 gpt silver, with 21.45 million inferred ounces.

Quantifiable outcome

• La Cigarra PEA projects $763M after-tax NPV at 5% discount rate with 41% IRR and 1.9-year payback
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered core.

• Sacré-Davey Engineering Inc.coreStrategic or Co-development Partner · 15 June 2026Lead engineering firm for Preliminary Economic Assessment of La Cigarra Silver Project. Prepared PEA showing $763M after-tax NPV and 41% IRR for 14-year open-pit mine plan.
• Canenco Consulting Corp.coreStrategic or Co-development Partner · 15 June 2026Co-author of PEA for La Cigarra Silver Project alongside Sacré-Davey Engineering, contributing to mine design, tailings, and costing analysis.
• Gold Standard Media, LLCcoreGTM or Marketing Partner · 20 February 2026Marketing services agreement providing financial publishing and digital marketing services to expand company's audience reach. Received USD$1 million upfront payment for three-month initial term ending May 20, 2026.
• Sideways Frequency LLCcoreGTM or Marketing Partner · 8 January 2026Investor relations and promotional activities including email campaigns, native advertising, display ads, lead generation, content creation, and strategic digital marketing. Extended for additional three months at $250,000.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Endeavour Silver: Mid-tier silver producer with multiple operating mines in Mexico (Guanaceví, Bolañitos) plus an aggressive brownfield and greenfield exploration pipeline. Most directly comparable silver-focused TSX-listed operator with similar Mexican jurisdiction exposure and underground epithermal-vein development approach.
• SilverCrest Metals: Canadian junior that advanced the Las Chispas project in Sonora, Mexico from discovery through feasibility and into production. Closely comparable Mexican epithermal-vein silver-gold model and execution-arc from exploration to PEA-to-producer.
• MAG Silver Corp. Silver-focused exploration/development company with the Juanicipio project in Zacatecas, Mexico as its flagship - operated in partnership with Fresnillo. Directly comparable Mexican high-grade epithermal silver asset with similar development-stage and scale.
• Dolly Varden Silver: Junior silver explorer pursuing high-grade Kitsault Valley projects in British Columbia. Closely comparable in size, strategy (single-commodity silver leverage), stage (advancing resources through drilling and PEA), and TSX-V listing profile.
• Avino Silver & Gold Mines: Silver-gold producer operating the Avino mine in Durango, Mexico with parallel growth/exploration pipeline. Comparable Mexican silver asset base at the resource-to-production transition stage.
• Silver Tiger Metals: Junior silver explorer advancing the El Tigre project in Sonora, Mexico. Closely analogous Mexican epithermal vein system target, PEA/feasibility-stage strategy, and TSX-V-listed silver-pure-play positioning.
• GoGold Resources: Canadian silver-focused operator/developer with the Parral tailings project and Los Ricos exploration in Mexico. Directly comparable silver-only mandate and Mexican operating footprint.
• Santacruz Silver Mining: Silver-focused producer-developer with multiple mines in the Zacatecas/Bolivia/Mexico region. Compares on Mexican jurisdiction, epithermal silver asset profile, and the build-out of resource-to-production footprint.

Broad incumbents

• Fortuna Silver Mines: Larger silver-gold producer operating three underground mines in Mexico and South America. Same Mexican silver belt jurisdiction and epithermal-style deposits but materially larger scale and already at production stage.
• First Majestic Silver: Senior silver producer with a portfolio of producing silver mines across Mexico (San Dimas, Santa Elena, La Encantada). Industry reference for Mexican silver operations at scale and historical consolidator of junior explorers in the region.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/kootenaysilver
• LinkedInlinkedin.com/company/kootenay-silver-inc-kooyf-

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds20 records

Investors1 record

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 Kootenay Silver