Silver One's Candelaria Project

planned

Silver One's Candelaria Project is a past-producing silver mine in Nevada with a substantial resource of 108 million ounces of silver equivalent measured and indicated, plus another 30 million ounces inferred. The project features improved metallurgy with new non-cyanide extraction technology increasing heap leach pad recoveries from 51% to as high as 70%, and HPGR crushing improving fresh material recoveries to 66%. The project has a fast-tracked path to production due to existing permits that were never fully closed out by the prior operator. Management targets a production rate of roughly 15,000 tonnes per day and 5 to 6 million ounces of silver annually, potentially making it one of the largest silver producers in the United States.