AbraSilver Resource Corp.

AbraSilver Resource Corp. is a junior silver development company headquartered in Toronto, Canada, operating primarily in South America. The company's portfolio consists of 2 projects, comprising 1 development and 1 advanced exploration project. Key assets include Diablillos. The company's business model is centered on advancing exploration-stage properties through to the pre-feasibility and definitive feasibility stages of development. Operational focus is on high-sulphidation epithermal systems, with a demonstrated capability to de-risk assets through systematic exploration and technical studies. The organization utilizes a conventional processing flowsheet designed for its mineralogy, which includes primary crushing and grinding, followed by a gravity recovery circuit with intensive cyanidation. Further processing involves tank leaching with a 36-hour retention time, a 6-stage counter-current decantation circuit to optimize recovery, and a Merrill-Crowe process to produce doré bars on-site. This integrated approach from exploration to a detailed engineering design basis provides a clear development pathway. The business is subject to industry cyclicality, which influences access to capital and the economic potential of its properties, while weather cycles can affect the timing of exploration activities.

Strategic priorities are centered on advancing the flagship asset to a definitive feasibility study, with completion targeted for the first quarter of 2026. This is supported by fully-funded, multi-phase exploration campaigns, including a 20,000-metre Phase IV program and a subsequent Phase V campaign, designed to expand the existing resource base and test new targets. A key component of the growth strategy involves a regional partnership to jointly explore for and acquire new projects. The organization is also focused on operational optimization, with plans to evaluate lower-cost processing options for marginal-grade material and to refine the mine plan to improve economics. A significant strategic milestone was the graduation from the TSXV to the TSX in February 2025, a move intended to enhance market visibility and access to a broader investor base. Capital raising efforts are timed to support these key development and exploration milestones, ensuring financial capacity to execute its plans.

Executive leadership has been strategically strengthened with the appointment of a Senior Vice President, Projects and Development, who brings 17 years of experience from senior roles at major mining corporations, and the engagement of a Project Director to oversee the completion of the definitive feasibility study. This demonstrates a focus on building a technical team with the specific expertise required for late-stage project development. The Board of Directors is composed of 7 members, all of whom are considered independent, ensuring robust and objective oversight. Governance is structured through several committees, including an Audit Committee composed of 3 independent and financially literate members. The management approach is focused on systematically de-risking its primary asset through rigorous technical studies and phased exploration, guided by a board with extensive experience in corporate development, investment banking, and technical services within the resource sector.

The organization operates under distinct Social Responsibility and Environmental Policies. The environmental framework is focused on minimizing operational impacts, preventing pollution, and promoting the sustainable use of resources, with stated goals of prioritizing clean energy and developing a circular economy. A key achievement demonstrating this commitment was the completion of a comprehensive Environmental Baseline Study and the subsequent completion and submission of an Environmental Impact Assessment to regulatory authorities in September 2024. The social responsibility policy aims to establish stable and transparent relationships with local communities, promote the development of local suppliers, and maintain good-neighborly conduct. These policies guide the company's approach to achieving development that aligns with the well-being of its stakeholders and adheres to all applicable environmental laws and regulations.

In April 2024, the corporate structure was enhanced by strategic non-brokered private placements from Kinross Gold Corporation and an affiliate of Central Puerto SA, who each invested $10 million. These investments resulted in each entity holding approximately 4.0% of outstanding shares and led to the formation of a Technical Advisory Committee and a Strategic & Operational Committee, as well as a regional partnership to jointly explore and acquire new projects. An option and joint venture agreement was executed in January 2024 with a subsidiary of Teck Resources Limited, granting Teck an option to acquire an 80% interest in a secondary project by funding significant exploration expenditures and making staged payments. Teck also became a shareholder through a private placement related to this agreement. The company's primary asset was originally acquired from SSR Mining Inc. in 2016, with conflicting mineral rights consolidated through the acquisition of Minera Cerro Bayo SA.