Silver One Resources Inc.

Silver One Resources Inc. is a junior silver exploration company headquartered in Vancouver, Canada, operating primarily in USA. The company's portfolio consists of 3 projects, comprising 1 development and 2 advanced exploration projects. Key assets include Candelaria. The business model centers on the acquisition, exploration, and development of mineral properties, with a focus on advancing assets that have seen historical production. A key operational characteristic is the application of advanced metallurgical testing to enhance recoveries from both legacy materials and fresh mineralization. The organization utilizes various processing techniques, including High-Pressure Grinding Rolls crushing, flotation-cyanidation, and column leach tests. A significant technological advantage is the development and testing of a novel, cyanide-free leaching process designed to substantially increase metal recoveries and reduce processing times compared to conventional methods. The operational approach is systematic, employing a range of exploration methods such as airborne and ground geophysical surveys, including Z-Axis Tipper Electromagnetic systems, extensive drilling programs, and detailed geological mapping to define and expand mineralized zones. This focus on technological innovation in metallurgy and disciplined exploration underpins the company's competitive positioning.

The entity's strategy is centered on organic growth through systematic exploration of its existing property portfolio, supplemented by potential future acquisitions of companies or assets. Near-term objectives prioritize advancing exploration on high-grade targets through permitted and funded drilling programs. This includes testing the potential sources of high-grade surface discoveries and expanding known mineralized zones. A key focus is on de-risking assets through comprehensive technical studies, including property-wide airborne geophysical surveys to delineate alteration halos and identify new exploration targets for follow-up work. The organization also aims to optimize value from historically mined materials by investigating and applying innovative, cost-effective extraction methods. Long-term, the goal is to add shareholder value by becoming a premier exploration and development company. Capital allocation is directed towards funding these exploration and metallurgical programs, with financing secured through equity markets, as demonstrated by a recent oversubscribed private placement.

Executive leadership includes a President and Chief Executive Officer, with key geological expertise supplemented by a director who provides consulting services. The Chief Financial Officer provides services through a management consulting firm. The Board of Directors maintains overall responsibility for determining risk management objectives and policies, with a focus on reducing risk without unduly affecting competitiveness. A key aspect of the governance framework is its reporting structure as a venture issuer. The company files a Venture Issuer Basic Certificate under National Instrument 52-109, which, in contrast to a full certificate, does not include representations relating to the establishment and maintenance of internal controls over financial reporting. This disclosure provides specific insight into the level of internal control certification provided to the market. Key management compensation includes salaries, consulting fees, director fees, and share-based payments.

The corporate structure has been shaped by the systematic acquisition of 100% interests in its mineral properties through option agreements. In 2024, the organization exercised an option with Granite-Solid LLC, completing the acquisition of a key property through a series of cash payments and share issuances over a 3-year period. This property is subject to an underlying 2% Net Smelter Royalty payable to the original prospectors, with each 1% being purchasable for a fixed cash sum. Previously, in 2023, the company acquired full ownership of another major asset from SSR by assuming a reclamation bond, finalizing a multi-year option agreement that had involved several tranches of share issuances. As part of this transaction, the company also assumed a production payment obligation to Maverix Metals Inc., which is triggered upon reaching a specified annual production threshold. A third property interest was consolidated in 2020 through the completion of a lease/purchase agreement with Castelton Park LLC, which includes a contingent payment clause tied to future resource calculations reported in a technical report over a 10-year term ending in 2028.