Silver47 Exploration – Insights On The Merger With Summa Silver
In this Company Update, we welcome Gary Thompson, CEO of Silver47 Exploration (TSX.V:AGA – OTCQB:AAGAF – FRA:QP2), to discuss the recently announced merger between Silver47 and Summa Silver. Following the merger, Gary will step into the role of Executive Chairman of the combined company. Gary explains the strategy behind building a larger, year-round silver explorer.
Key topics covered:
- Merger rationale: Accelerating growth by combining inferred and indicated silver-equivalent resources from projects in Alaska, Nevada, and New Mexico, totaling over 236 million oz AgEq inferred and 10 million oz AgEq indicated.
- Red Mountain (Alaska): The flagship asset, now with added critical minerals (antimony & gallium). Plans for up to $8M in exploration and a potential PEA in 2025.
- Hughes & Mogollon Projects: Two high-grade silver projects in the American Southwest from Summa Silver, offering year-round exploration flexibility.
- Capital strategy: How the team plans to grow without excessive dilution, using focused drilling and potential future M&A to drive scale.
- Leadership & vision: Gary Thompson and Summa CEO Galen McNamara aim to build a premier U.S. silver name, with ambitions to list on a major U.S. exchange.
📩 Have questions for Gary or the team? Send them in and we’ll get them answered! Fleck@kereport.com and Shad@kereport.com
Click here to read over the corporate presentation outlining the merger.
CDE looks superb after breaking out 3 weeks ago. It did what I said it would months ago while most were tricked by that distribution dome that spanned a year. The huge volume of 2025 was weak hands giving up positions thinking the big gap of April 2024 would get filled.
https://schrts.co/FpKCAfxJ
I posted this monthly chart 2 months before the breakout:
https://schrts.co/vuspCSFQ
The next low of similar significance to April’s low is probably well over a year away.
https://schrts.co/HxScuAGk
Gold hasn’t been so overbought since early 2008.
https://schrts.co/KHnEskpD
Another Big Drill Hit: They just keep coming at South Austin! DT
West Red Lake Gold Intersects 61.51 g/t Au over 12.1m, 43.54 g/t Au over 8.35m and 24.61 g/t Au over 11.2m at South Austin – Madsen Mine
Yeah, that is another big drill hit from the WRLG team. I’ll reach out and see about getting Will Robison (their VP Ex) back on the show for an exploration update soon.
TSX.v breaking 700… finally!!! Some Silver stocks are doing okay this morning.
It’s going higher for many years.
https://schrts.co/vbRcgNjc
With 5 weeks left in the quarter I bet we’ll get our breakout from that 18 year downtrend. That would set up a fantastic second half of the year and beyond.
https://schrts.co/dTRiDhVD
I always thought a breakout would start in the summer months when few were watching, I have a little more cash than I should have just to be cautious but am getting excited for what what’s manifesting out of a long money grabbing downtrend.
WRLG = West Red Lake Gold = I’ve Got a Tiger by the Tail It’s Plain to See! Buck Owens! LOL! DT 🤣🤣
Highlander Silver (HSLV) another Lundin company now on the TSX. DT
https://www.youtube.com/watch?v=wzu_6CDYgDI&t=1s