Core Viewpoint - Eric Sprott's 2176423 Ontario Ltd. acquired a significant number of shares and warrants of Silver47 Exploration Corp. through a statutory plan of arrangement with Summa Silver Corp. [2] Group 1: Transaction Details - On August 1, 2025, 2176423 Ontario Ltd. acquired 10,383,434 common shares and 1,525,000 purchase warrants of Silver47 Exploration Corp. as part of the arrangement [2] - The arrangement allowed holders of Summa Silver Shares to receive 0.452 of a Silver47 Share for each Summa Silver Share held [2] Group 2: Ownership Changes - Prior to the arrangement, Sprott owned 22,972,200 Summa Silver Shares, representing approximately 15.3% of the outstanding shares on a non-diluted basis [3] - Following the arrangement, Sprott no longer holds any securities of Summa Silver and ceased to be an insider of the company [3] Group 3: Current Holdings in Silver47 Exploration - After the arrangement, Sprott beneficially owns 15,883,424 Silver47 Shares and 2,275,000 Silver47 Warrants, representing approximately 11.5% of the outstanding shares on a non-diluted basis [4] - Sprott's previous ownership in Silver47 was 5,500,000 shares, which was approximately 7.8% on a non-diluted basis [4] - Sprott has a long-term investment view and may acquire or sell additional securities of Silver47 Exploration depending on market conditions [4]

Core Viewpoint - The merger between Silver47 Exploration Corp. and Summa Silver Corp. has been completed, creating a leading high-grade silver exploration and development company focused on the U.S. market [1][2]. Company Overview - The combined company will operate under the name "Silver47 Exploration Corp." and will focus on high-grade silver projects in Alaska, Nevada, and New Mexico [1][2]. - The merger consolidates significant mineral resources, totaling approximately 10 million ounces of indicated silver equivalent (AgEq) at 333 g/t and 236 million ounces of inferred AgEq at 334 g/t [2][8]. Strategic Rationale - The merger combines Silver47's Red Mountain project with Summa's Hughes and Mogollon projects, enhancing the scale and appeal of the combined company to investors [7][8]. - The transaction is expected to accelerate growth by consolidating resources and positioning the company to benefit from renewed interest in U.S. mineral development [2][11]. Shareholder Benefits - Shareholders of Summa received 0.452 common shares of Silver47 for each Summa share held, resulting in Summa becoming a wholly-owned subsidiary of Silver47 [3][4]. - The combined company is anticipated to have improved visibility and access to capital, appealing to institutional investors [11]. Resource Summary - The combined mineral resource summary includes: - Inferred resources from Silver47's Red Mountain project: 15.6 million tonnes at 336 g/t AgEq, totaling 36 million ounces [10]. - Indicated resources from Summa's Hughes project: 1 million tonnes at 333 g/t AgEq, totaling 5.8 million ounces [10]. - Inferred resources from Summa's Hughes and Mogollon projects, contributing significantly to the overall resource base [10][12]. Management and Team - The management team will include Gary R. Thompson as Executive Chairman, Galen McNamara as CEO, and Martin Bajic as CFO, with a board comprising experienced members in capital markets and mining [26][39]. Financing and Advisory - Prior to the merger, Summa's subscription receipts converted into Silver47 shares, resulting in the issuance of 12,475,400 shares and warrants for additional shares [27][29]. - Haywood Securities Inc. and Eventus Capital Corp. acted as financial advisors for the transaction [37].

Summa Silver Receives Shareholder and Court Approval for Plan of ArrangementJuly 28, 2025 7:00 AM EDT | Source: Summa Silver Corp.Vancouver, British Columbia--(Newsfile Corp. - July 28, 2025) - Summa Silver Corp. (TSXV: SSVR) (OTCQX: SSVRF) ("Summa" or the "Company") is pleased to announce that at the special meeting (the "Meeting") of shareholders of the Company (the "Shareholders") held on July 24, 2025, the Shareholders overwhelmingly voted to approve the previously announced plan of arrang ...

Meet the Executives Shaping the Mining Landscape We caught up with Gary Thompson, CEO of Silver47 Exploration Corp. (TSXV: AGA) (OTCQB: AAGAF) to discuss what's next for the company as the merger with Summa Silver Corp. comes to a close. The merger creates a U.S.-focused silver company with year-round drilling capabilities across three projects. Silver47 Exploration Corp. (TSXV: AGA) (OTCQB: AAGAF) Cannot view this video? Visit: https://www.youtube.com/watch?v=o73qMuxZQTY Tune into 'Inside the Boardroom' ea ...