What Silver One Resources does

Silver One Resources Inc. is a Canadian junior mining company focused exclusively on silver exploration and development. Incorporated in British Columbia and headquartered in Vancouver, the company is publicly traded on the TSX Venture Exchange (TSX.V: SVE), OTCQX (SLVRF) and Frankfurt (BRK1). It began trading in 2016 after acquiring three Mexican silver assets from First Mining Gold and optioning the flagship Candelaria project in Nevada from SSR Mining. Silver One is pre-revenue, with 11–50 employees, and its commercial pathway runs through resource expansion, NI 43-101 compliant studies and a Pre-Feasibility Study culminating in either production, an asset sale to a major miner, or a strategic joint venture.

The company operates a portfolio of silver projects anchored by Candelaria in Nevada — a past-producing mine historically responsible for over 68 Moz of silver production. An updated May 2025 NI 43-101 resource estimate quantified 108.18 Moz AgEq Measured & Indicated plus 29.46 Moz AgEq Inferred, comprising in-ground mineralization at Mount Diablo and Northern Belle pits, historic heap leach pads, and adjacent stockpiles. Exploration technology is conventional mining practice: reverse circulation and diamond core drilling, sonic drilling for leach-pad sampling, ZTEM airborne electromagnetic and ground IP/MT geophysics, and metallurgical testing for silver and gold recovery. A partnership with Extrakt is evaluating a novel non-cyanide recovery process, with conventional cyanide-leach baseline work performed by Kappes Cassiday & Associates. Additional projects include the Phoenix Silver high-grade native silver prospect in Arizona (grades up to 459,000 g/t in surface samples), the Cherokee epithermal Ag-Cu-Au project in Nevada (636 lode claims, 5,298 hectares), and three early-stage Mexican silver assets.

Silver One's business model is exploration-stage value creation rather than product sales: the company funds drilling and studies through periodic equity raises on public markets and advances projects toward a production decision or monetization event. Go-to-market activities are investor-relations-led — news releases, corporate website content, NI 43-101 technical reports, factsheets, and investor webinars (e.g., John Tumazos Very Independent Research). Future revenue will depend on either commercial silver production at Candelaria (potentially starting with heap-leach pad reprocessing of ~30 Moz Ag Indicated), an asset sale to a larger silver producer (the Arizona neighbours include BHP, Rio Tinto and Freeport-McMoRan), or a development joint venture.

Name

Silver One Resources

Legal name

Silver One Resources Inc.

Website

https://silverone.com

Company type

Public

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Silver One Resources is a Canadian, publicly-traded junior mining company focused on silver exploration and development, anchored by the past-producing Candelaria Mine in Nevada (108+ Moz AgEq resources). Pre-revenue, it is advancing Candelaria toward a Pre-Feasibility Study targeted for Q4 2026, with additional high-grade projects in Arizona and Nevada.

Ownership category

akta.pro rank

Product category

Silver Mining Exploration

NAICS

Gold Ore and Silver Ore Mining (212220)

akta.pro primary industry

Silver Mining (IMAKAEAB)

akta.pro secondary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

Keywords

• Silver exploration
• Mineral resource development
• Precious metals mining
• Heap leach processing
• Mining exploration services

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Silver Mining and Production (Future): Silver One is a pre-revenue exploration stage company. Future revenue will be derived from silver (and gold) mining and production at its Candelaria project in Nevada. Potential exists for near-term production through reprocessing of historic heap leach pads, as well as conventional open-pit and underground mining of in-ground resources.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

Silver One Resources is a silver-focused mining exploration and development company that owns and advances a portfolio of silver projects, primarily the past-producing Candelaria Mine in Nevada with potential near-term production from historic heap leach pads. The company also holds the Phoenix Silver project in Arizona, the Cherokee project in Nevada, and three silver projects in Mexico (Peñasco Quemado, La Frazada, and Pluton).

Product overview

Silver One Resources is a silver-focused mining exploration and development company. The company operates a portfolio of silver projects, with its flagship being the Candelaria Project in Nevada, which features both near-term production potential from historic heap leach pads and significant in-ground resources for expansion. The company also holds the Phoenix Silver Project in Arizona (high-grade native silver prospect) and the Cherokee Project in Nevada (epithermal silver-gold-copper district). Additionally, the company holds three exploration-stage silver projects in Mexico (Peñasco Quemado, La Frazada, and Pluton). The company is advancing Candelaria toward a Pre-Feasibility Study while conducting systematic exploration across its project portfolio.

Differentiator

Problem solved

Functional benefit

Products and services

• Candelaria Project Flagship past-producing silver mine located in Mineral County, Nevada, comprising historic underground and open-pit workings and historic heap leach pads with potential for silver production through reprocessing of heap leach material. A maiden mineral resource estimate has been published.
• Phoenix Silver Project Silver exploration project located in Arizona, forming part of the company's silver-focused U.S. portfolio.
• Cherokee Project Silver exploration property located in Nevada, contributing to the company's silver exposure in tier-one U.S. mining jurisdictions.
• Peñasco Quemado Project Silver exploration project located in Sonora, Mexico, part of the company's Mexican silver portfolio.
• La Frazada Project Silver exploration project located in Mexico, part of the company's Mexican silver portfolio.
• Pluton Project Silver exploration project located in Mexico, part of the company's Mexican silver portfolio.

Quantifiable outcome

• 108.18 Moz AgEq Measured and Indicated resources; 29.46 Moz AgEq Inferred resources
• +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

Feature4 records

Partnerships

Two partnerships are on record, tiered core and minor.

• ExtraktcoreTechnology or IntegrationExtrakt is conducting metallurgical and environmental characterization work on Candelaria materials, evaluating novel non-cyanide recovery processes that demonstrate improved silver and gold recoveries with potentially lower process costs for the Pre-Feasibility Study.
• Kappes Cassiday & Associates (KCA)minorImplementation/ SI/ Consulting PartnerKCA is conducting cyanide-leach bottle-roll and column tests on representative samples from Candelaria drill holes for metallurgical testing as part of the Pre-Feasibility Study.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Dolly Varden Silver Corp: Dolly Varden Silver is a Canadian silver-focused exploration and development company advancing the Dolly Varden and Homestake Ridge projects in British Columbia. It is the closest direct peer to Silver One — a precious-metals-only junior advancing a multi-project silver portfolio toward development decisions.
• MAG Silver Corp: MAG Silver is a silver-focused development company with the Juanicipio project in Mexico (joint venture with Fresnillo). Comparable to Silver One in being a single-commodity silver developer, though further advanced toward production with a major partner.
• Alexco Resource Corp: Alexco Resource is advancing the Keno Hill silver district in Yukon, Canada. Comparable as a silver-focused junior developer with a historic high-grade district and existing NI 43-101 resources.
• Silver Tiger Metals Inc: Silver Tiger Metals (formerly Ocean Partners) is developing the historic El Tigre silver-gold project in Sonora, Mexico. Similar stage of development, single-commodity focus, and advancing a past-producing high-grade silver district.
• Discovery Silver Corp: Discovery Silver (now Discovery Group) is advancing the Cordero silver project in Mexico through PEA/PFS stages. Highly comparable as a silver-focused junior developer of a large, single flagship resource asset.

Broad incumbents

• Silvercorp Metals Inc: Silvercorp Metals is a producing silver miner operating primarily in China with Mexican assets. Comparable as a silver-focused mid-tier operator, but further along the curve (in production vs. Silver One's pre-feasibility stage).
• Coeur Mining Inc: Coeur Mining is a precious metals producer with silver-dominant production from US and Mexican operations (including Palmarejo). Comparable as a silver-focused intermediate producer that has historically acquired silver juniors.
• First Majestic Silver Corp: First Majestic is a silver-producing mid-tier with mines in Mexico and Nevada (including the Candelaria mine area). Comparable as a silver-focused operator in similar jurisdictions, and operates in the same Candelaria district as Silver One's flagship.
• Hecla Mining Company: Hecla Mining is the largest US-based silver producer with operations including the Greens Creek and Lucky Friday mines. Comparable as a silver-focused established miner and a likely strategic acquirer of Tier-1 silver assets like Candelaria.

Others

• SSR Mining Inc: SSR Mining is a multi-asset gold/silver producer and the original owner/optioner of the Candelaria project to Silver One (retaining ~4.3% equity and an NSR). Relevant as a strategic counterparty, prior owner, and potential re-acquirer of Candelaria.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key highlights7 records

Customer concentration

• Xx.com/silveroneinc
• Facebookfacebook.com/silveroneinc

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds3 records

Investors

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

M&A

Investments1 record

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

Frequently asked questions about Silver One Resources