What Silver Range Resources does

Silver Range Resources Ltd. is a Vancouver-based precious metals prospect generator (TSX-V: SNG), founded in 2010 and rebuilt in 2016 around a project-generation model focused on high-grade gold and silver targets. The company identifies, stakes, and conducts early-stage exploration on mineral properties in politically stable jurisdictions — primarily the Southwest United States (Nevada, Arizona, Utah) and Northern Canada (Yukon, Nunavut, Northwest Territories) — and vends those projects to junior and mid-tier mining partners through option agreements and joint ventures.

The company currently holds a portfolio of approximately 34 mineral exploration properties, of which 12 are under option to partners and 9 have been converted to Net Smelter Return (NSR) royalty interests. Flagship projects include the Alamo IOCG property in Arizona (surface samples to 37.8 g/t Au and 19.15% Cu), East Goldfield in Nevada (high-sulphidation epithermal gold adjacent to Centerra's Gemfield), Shamrock (gold-rich CRD), Gold Chief (carbonate-hosted), and high-grade silver assets such as Silver Mountain (up to 3,270 g/t Ag) and Legal Tender (up to 1,875 g/t Ag). Northern Canada exposure includes the South Kitikmeot Gold Project and a 10% carried interest in Broden Mining, which is reopening the Faro Mine in the Yukon. Marketing and partner origination are conducted primarily through industry conventions (PDAC, AME Roundup, AEMA Core Shack) and direct outreach.

The business model generates cash and equity through three streams: (1) property option payments (cash, share issuances, and work commitments from partners such as Walker Lane Resources, Excalibur Metals, Rush Gold, GGL Resources, and Auburn Gold Mining); (2) retained NSR royalties on any project that advances to production; and (3) equity monetization, exemplified by Silver Range's 5,525,000-share (11.04%) stake in Silver47 Exploration Corp. received for the Michelle property sale and now being sold for working capital. The company is publicly listed with insider participation — CEO Mike Power holds roughly 7% of outstanding shares — and has been funded by a series of non-brokered private placements totaling approximately CAD$2.6 million between January 2023 and July 2024, plus a CAD$500,000 strategic investment and generative alliance with Altius Minerals Corporation in February 2023.

Name

Silver Range Resources

Legal name

Silver Range Resources Ltd.

Website

https://silverrangeresources.com

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

Silver Range Resources is a Vancouver-based junior mining prospect generator that stakes and vends high-grade gold and silver projects in the Southwest US and Northern Canada to exploration partners in exchange for cash, shares, work commitments, and retained NSR royalties.

Ownership category

akta.pro rank

Product category

Precious Metals Mineral Exploration

NAICS

Gold Ore and Silver Ore Mining (21222)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

akta.pro secondary industries

Gold Mining (IMAKAEAA), Silver Mining (IMAKAEAB)

Keywords

• Mineral exploration properties
• Precious metals prospecting
• Gold and silver projects
• Prospect generator model
• Property option agreements

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

Revenue model

1. Property Options: Silver Range options its exploration properties to partner companies in exchange for cash payments, share issuances, and work commitments. Partners conduct exploration and drilling programs while Silver Range retains ownership interests and royalty positions.
2. Royalty Interests: Silver Range retains Net Smelter Return (NSR) royalties on properties it options to partners. These royalties generate income when properties reach production stage.
3. Equity Monetization: Sale of equity positions in partner companies (such as Silver47 Exploration Corp. shares) to generate working capital.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Silver Range Resources is a precious metals prospect generator that identifies, stakes, and advances high-grade gold and silver mineral exploration properties in the Southwest United States (Nevada, Arizona, Utah) and Northern Canada (Yukon, Nunavut, Northwest Territories). The company develops drill-ready exploration targets and options them to junior and mid-tier mining partners in exchange for cash payments, share issuances, and work commitments, while retaining Net Smelter Return (NSR) royalty interests on production. The portfolio currently includes approximately 34 properties, with 12 under option and 9 converted to royalty positions.

Product overview

Silver Range Resources is a precious metals prospect generator that identifies, explores, and advances high-grade gold and silver mineral properties in politically stable jurisdictions (Nevada, Arizona, Utah in the Southwest US, and Northern Canada). The company maintains a portfolio of 34 mineral exploration properties, of which 12 are under option to joint venture partners and 9 have been converted to royalty interests. Their business model involves developing drill-ready targets and vending projects to partners in exchange for cash payments, share issuances, work commitments, and retained royalty interests. Key projects include the Alamo gold-copper IOCG project in Arizona, the East Goldfield epithermal gold project in Nevada, the Silver Mountain high-grade silver property, and the Cambridge mesothermal gold project, among others throughout their Southwest US and Northern Canada portfolio.

Differentiator

Problem solved

Functional benefit

Products and services

• Alamo Project IOCG (iron oxide copper-gold) exploration target in La Paz County, Arizona, comprising 20 Federal Lode claims over the former Wenden Mine, available for option to exploration partners.
• East Goldfield Project High-sulphidation epithermal gold project in Nevada's Goldfield district adjacent to Centerra Gold's Gemfield project, available for option with shallow drill intercepts up to 4.57 m @ 8.57 g/t Au.
• Gold Chief Project Carbonate-hosted, structurally controlled gold project in Arizona with past production averaging 6 g/t Au and recent sampling of 14 m @ 1.93 g/t Au, available for option.
• Shamrock Project Gold-rich carbonate replacement deposit (CRD) project in Nevada with grab samples up to 233 g/t Au, 1520 g/t Ag, and 4.04% Cu, available for option.
• Cambridge Project Mesothermal gold project in Lyon County, Nevada, covering the historical Cambridge Mine with grab samples up to 93.8 g/t Au and trench samples up to 3.2 m @ 14.65 g/t Au, currently under option.
• Tule Canyon Project Precious metals project in Esmeralda County, Nevada, with rock samples up to 31.8 g/t Au and 4,320 g/t Ag, currently under option to Walker Lane Resources Ltd.
• Silver Mountain Property High-grade silver project in Esmeralda County, Nevada, with grab samples up to 3,270 g/t Ag and chip samples of 0.6 m @ 1,415 g/t Ag, currently under option.
• Bellehelen Project Low-sulphidation epithermal gold and silver project in Nye County, Nevada, with surface samples up to 11.25 g/t Au and 1,490 g/t Ag, currently under option to Excalibur Metals Corp.
• Skylight Property Preserved low-sulphidation epithermal precious metals system in Nye County, Nevada, featuring silica caps and untested drill targets, currently under option to Rush Gold Corp.
• Legal Tender Property Low to intermediate sulphidation silver-gold project in Nye County, Nevada, with grab samples up to 1,875 g/t Ag along 1,600 metres of veining, currently under option.
• Gold Point Project High-grade mesothermal gold and silver mining district in Nevada covering the southeast extension of the historic Gold Point district over 2.25 km, currently under option to GGL Resources Corp.
• Sniper Property Gold-silver property in Esmeralda County, Nevada, featuring ribbon-banded quartz veins with peak values of 121 g/t Au and 1,375 g/t Ag, available for option.
• Drum Project Mineral exploration project in Utah, available for option, with active development activities underway as of 2026.

Quantifiable outcome

• Surface samples up to 21.8 g/t gold and 6.99% copper at Alamo project
• +3 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• Auburn Gold Mining LLCcoreStrategic or Co-development PartnerJoint venture between Silver Range and Auburn Gold Mining LLC to consolidate and explore the Cambridge district. Auburn staked the Cambridge Mine in 2019; the joint venture combines both companies' claim positions.
• Nevada Rand LLCminorStrategic or Co-development PartnerAlliance formed in 2020 to consolidate major past-producing mines and prospects in the Gold Point district. Nevada Rand, a family-owned underground mining contracting firm, has acquired historic data and consolidated claims covering the Great Western and Orleans veins.
• Altius Minerals CorporationcoreStrategic or Co-development PartnerAltius holds a 1% NSR royalty on the Alamo Property. This royalty was part of the generative alliance agreement signed in February 2023.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Altius Minerals Corporation: Altius is a diversified mining royalty and streaming company that operates its own generative alliance with Silver Range. It is a much larger incumbent that demonstrates the strategic end-state of the prospect generator model Silver Range is pursuing.
• Sandstorm Gold Royalties: Sandstorm is a major precious metal streaming and royalty company with a diversified portfolio. While much larger, it demonstrates the scale outcomes of a successful prospect generator and royalty aggregator and overlaps strategically with Silver Range's long-term model.
• Centerra Gold Inc. Centerra Gold operates the Gemfield project adjacent to Silver Range's East Goldfield property in Nevada. As a mid-tier gold producer with active Nevada operations, Centerra represents a plausible acquirer / major partner for Silver Range projects in the district.

Direct peers

• Metalla Royalty & Streaming: Metalla Royalty acquires and generates royalties on precious and battery metal projects, often partnering with or acquiring from junior explorers — a similar model of building royalty exposure through deal-making with small operators.
• EMX Royalty Corporation: EMX Royalty is a prospect generator and royalty company that builds a portfolio of precious and base metal royalties through partnerships and direct property generation, structurally very similar to Silver Range's model.
• Vox Royalty Corp. Vox Royalty acquires and generates precious metal royalties globally, with a focus on projects advanced by junior and mid-tier operators — overlapping with Silver Range's junior-partner-driven business model.
• Trifecta Gold Corp. Trifecta Gold is a closely affiliated prospect generator (former VP Richard Drechsler left Silver Range to focus on Trifecta) focused on gold exploration in Yukon and British Columbia, sharing the same prospect generator model and personnel overlap.
• Ely Gold Royalties (subsidiary of Gold Royalty Corp.): Ely Gold (now part of Gold Royalty) was a US-focused prospect generator that built a portfolio of precious metal royalties through property optioning — directly comparable in approach and geographic focus (Nevada).

Emerging players

• Walker Lane Resources Ltd. Walker Lane Resources is a private junior explorer that is itself a partner and optionee of Silver Range on the Cambridge and Tule Canyon properties. It represents the type of junior counterparties Silver Range sells projects to and is comparable as a small Nevada-focused gold/silver explorer.

Regional players

• Fortitude Gold Corp. Fortitude Gold acquired the South Weepah property from Silver Range and operates producing gold mines in Nevada. It is a comparable Nevada-focused precious metals operator and a counterparty class for Silver Range's property sales.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCZtTFe6LfmiKdNF9H3HJX3A
• LinkedInlinkedin.com/company/silver-range-resources-ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

Investors

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

M&A

Investments

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

Frequently asked questions about Silver Range Resources