Silver47 Exploration Corp CEO Gary Thompson joined Steve Darling from Proactive to announce a major development: Silver47 and Summa Silver Corp have entered into a definitive arrangement agreement to merge the two companies via a court-approved plan of arrangement. Upon completion, the combined entity will retain the name Silver47 Exploration Corp, signaling a unified brand underpinned by a strategic vision for silver exploration and development. Thompson emphasized that the merger positions the company for enhanced access to capital markets, stronger operational capabilities, and greater investor visibility. The newly combined company will boast an impressive portfolio of high-grade, silver-rich projects across top-tier U.S. mining jurisdictions, including Alaska, Nevada, and New Mexico. Collectively, the companies’ assets contain an estimated 10 million ounces silver equivalent (AgEq) in Indicated resources at an average grade of 333 g/t AgEq, and 236 million ounces AgEq in Inferred resources averaging 334 g/t AgEq. With strong geological potential, the combined company is well positioned to pursue significant resource expansion and future consolidation opportunities within the sector. In conjunction with the transaction, Summa and Silver47 have also entered into an engagement letter agreement with Research Capital Corporation and Haywood Securities to conduct a brokered private placement. The offering aims to raise up to CAD $5 million in gross proceeds, further supporting the growth and exploration plans of the merged company. Those proceeds will be put to use on the Red Mountain project in Alaska. This flagship project currently holds 168.00 million ounces of silver equivalent, and Thompson emphasized the company’s plan to expand that resource through a new drilling campaign. Thompson described the transaction as a "transformational step forward" that aligns both companies’ goals of becoming a leading silver exploration and development company in North America. #proactiveinvestors #silver47explorationcorp #tsx #exn #mining #MiningMerger #SilverExploration #RedMountainProject #SilverStocks #JuniorMining #ResourceGrowth #PEA #TSXV #MiningNews #AlaskaMining #NevadaSilver #NewMexicoMining