Silver Hammer Enters into Option Agreement to Acquire 100% Interest in a Strategic and Prospective Silver Project in the Silver Valley of Idaho

Core Viewpoint - Silver Hammer Mining Corp. has entered into an option agreement to acquire a 100% interest in the Fahey Group Property, a strategic silver project located in the Silver Valley of Idaho, which is surrounded by significant silver production [1][4][6]. Company Overview - Silver Hammer Mining Corp. is a junior resource company focused on advancing high-grade silver projects in the United States, controlling 100% of seven previously producing silver mines in Idaho and Nevada [16]. Project Highlights - The Fahey Property consists of 360 acres with 18 unpatented US lode claims, situated in the Coeur d'Alene Mining District, known for its significant silver production, with an estimated 1.18 billion ounces produced historically [6][14]. - The Fahey Property is strategically located between the Galena Mine and the historic Sunshine Mine, surrounded by properties owned by major silver producers [6][4]. - More than 20 veins have been identified within the Fahey Property, indicating a potentially rich silver resource compared to other mines in the district [6]. Transaction Details - Under the terms of the option agreement, Silver Hammer can earn a 100% interest in the Fahey Property by paying a total of US$50,000 in cash and issuing C$450,000 worth of common shares over several years [7][10]. - The company must incur at least C$1,500,000 in exploration expenditures on the property, with specific minimums due by 2027 and 2030 [8]. - Upon exercising the option, a 2.0% net smelter returns royalty will be granted to Fahey, which can be reduced to 1.5% for a payment of US$1,000,000 [11]. Regulatory and Approval Aspects - The completion of the transaction is subject to corporate and regulatory approvals, including the approval of the Canadian Securities Exchange [13].