Silver Storm Mining Ltd (CVE: SVRS) (OTCMKTS: SVRSF) (FRA: SVR) has sold its non-core capped production gross royalty tied to Nevada’s Springer Mine & Mill property, pocketing C$2.18 million in cash.
The company is using the funds to balance out its balance sheet as it gears up for the planned restart of its La Parrilla Silver Mine Complex in Mexico during the second quarter of 2026.
A capped production gross royalty entitles the holder to a percentage of the mine’s gross revenue from mineral sales, without deductions for operating costs. The “capped” part means payments stop once the total payout hits a set limit, US$2.5 million in this case.
Executives describe the sale as a smart way to convert a non-essential, distant cash-flow asset into immediate liquidity. President and CEO Greg McKenzie highlights how the transaction adds financial flexibility right when the company needs funds to advance drilling and preparations at La Parrilla.
Read more: NevGold discovers transformational oxide gold-antimony structure at Limousine Butte
Blue Moon Metals takes over the Springer operation
As of Feb. 10, Springer is now owned by Blue Moon Metals Inc (CVE: MOON) (NASDAQ: BMM) (FRA: 8SX0). This critical minerals and precious metals mining company obtained the site from GOODS LG LLC for US$18.5 million.
The Springer Mine, located in Pershing County, Nevada, features a historically mined tungsten deposit with significant indicated and inferred resources. Tungsten qualifies as a critical metal vital for steel alloys, electronics and defence applications. The site is equipped with infrastructure capable of processing up to 1,200 tons per day.
Blue Moon is positioning Springer as the foundation of its American critical metals strategy. Its CEO, Christian Kargl-Simard, has pointed out that tungsten prices have more than doubled since the company first announced the deal in October of 2025.
Blue Moon Metals is now pushing forward with confirmatory drilling to update historical resources, redevelopment planning and studies on processing ore from California’s Blue Moon zinc-copper-gold-silver mine at the Springer mill.
Nevada is a critical minerals hotspot
Tungsten is not the only strategic mineral that the state holds. In White Pine County, NevGold Corp (CVE: NAU) (OTCMKTS: NAUFF) (FRA: 5E50) has been advancing high-grade antimony discoveries at its Limousine Butte project.
Antimony is a critical mineral essential for batteries, flame retardants, advanced electronics and military technologies. Both tungsten and antimony are vital for ammunition, high-strength alloys and energy storage applications.
Companies like Blue Moon and NevGold underscore Nevada’s appeal for critical metals projects.
Read more: NevGold expands Bullet Zone discovery as drilling confirms oxide gold-antimony system
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