Sun Silver Ltd.

Sun Silver Ltd. is a junior silver exploration company headquartered in East Perth, Australia, operating primarily in USA. The company's portfolio consists of 1 advanced exploration project. Key assets include Maverick Springs. The company's business model combines mineral exploration and evaluation with a distinct downstream vertical integration strategy. A core component of this approach is the planned development of a production facility for conductive paste, a critical material used in manufacturing solar panels which commands a significant price premium. To support this initiative, the organization has engaged specialized engineering firm Wood to conduct a comprehensive technical assessment evaluating silver extraction, purification, and paste preparation technologies. This dual focus on upstream resource definition and downstream value-added product manufacturing is designed to capture higher margins and position the entity within the renewable energy supply chain. The business structure is supported by an operational framework that includes ongoing review of historical drilling data and geological sampling to refine exploration targets and de-risk development pathways. This integrated model differentiates the enterprise from traditional explorers by creating potential for revenue streams beyond the sale of raw commodities.

Strategic focus centers on aggressive resource expansion and vertical integration into high-value industrial products. The company executed its inaugural drilling program, consisting of 23 reverse circulation holes totaling 7,724 meters, to test extensions of known mineralization, leading to an updated Mineral Resource Estimate. A key initiative involves establishing a proposed Silver Paste Production Facility, for which the company has submitted a Section 48C application to the US Department of Energy for a USD$60 million investment tax credit. Further strategic diversification includes capitalizing on the confirmed presence of widespread antimony mineralization; the company is actively engaging advisor Holland & Knight to explore potential funding avenues with the Department of Defence, addressing urgent domestic demand for the critical mineral. Financial strategy was bolstered by a successful Initial Public Offering raising $13 million and a subsequent A$13.0 million capital raise, which included a cornerstone investment from US-based firm Nokomis Capital, validating the company's growth objectives.

Executive leadership features co-founder Andrew Dornan as Managing Director, who brings over 20 years of experience from senior roles at Newmont, Rio Tinto, and Fortescue. The board is led by Non-Executive Chairman Shaun Hardcastle, a partner at law firm Hamilton Locke with 2 decades of corporate and securities law experience. Board oversight is further strengthened by Non-Executive Director Dean Ercegovic, who co-founded and served as COO of Primero Group Ltd. Technical expertise is provided by advisors including Geoff Motteram, a metallurgical engineer with over 30 years of experience who was involved in the development of the Kalgoorlie Super Pit, and Brodie Box, an experienced exploration and resource geologist. The governance framework is tailored to the company's current scale, with the full Board of Directors assuming the responsibilities of separate committees to ensure direct oversight. Remuneration philosophy is guided by principles of competitiveness, shareholder alignment, performance linkage, and transparency, with no remuneration consultants engaged during the reporting period.

During the 2024 reporting period, the company established 4 wholly-owned, US-based subsidiaries to execute its operational and strategic objectives: Sun Silver Holdings Corp., Sun Silver Resources LLC, Sun Silver Technology LLC, and Sun Silver Energy LLC. The group's primary operational rights were secured through the exercise of an option agreement with Element 79 Gold Corp., granting a 100% interest in the underlying mining lease. A key structural development was securing a strategic cornerstone investment from Nokomis Capital, a US-based investment firm, which committed A$5.0 million at a premium and participated in a concurrent placement for a total investment of A$9.2 million. As of March 2025, substantial shareholder notices confirm Nokomis Capital L.L.C. holds a 9.00% interest in the company. On August 21, 2024, the company issued 3,500,000 unlisted options to an advisor pursuant to a strategic advisory mandate related to capital raising activities.