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Silver Mountain Sources Inc. (“Silver Mountain” or the “Firm”) (TSXV: AGMR,OTC:AGMRF) (OTCQB: AGMRF) (BVL: AGMR) at present declares that Alfredo Plenge has resigned from his place as a Director of the Firm, efficient October 17, 2025. The Firm thanks Mr. Plenge for his service and contributions to the board.
Mr. Plenge Thorne has been a Director of Silver Mountain since December 31, 2020 and has offered precious expertise and steerage to the Firm. His determination to step down was made for private causes.
The board of administrators extends its honest appreciation to Mr. Plenge Thorne for his dedication throughout his tenure, which included important firm milestones resembling Silver Mountain’s preliminary public providing (IPO) in 2022 and several other subsequent financings, secondary inventory change listings on the Lima Inventory Change and OTCQB in 2022, management and administration transitions, important underground drilling campaigns at Reliquias to establish new high-grade mineralization and increasing recognized veins, a brand new useful resource estimate for the Reliquias mission doubling the contained silver content material within the measured and indicated classes, consolidating its land place within the Castrovirreyna district by means of its acquisition of the Lira de Plata mission from Pan American Silver in 2022, delivering a constructive PEA in Could 2024 for the Reliquias mission highlighting its financial viability, securing an extension of the Firm’s Environmental Affect Evaluation (EIA) allow till 2034 and receiving ultimate authorities approval for its mine closure plan in 2024, signing a 20-year floor land-use agreements with native communities in 2024 and 2025, a vital step for restarting mining operations, and starting preparatory work for restarting the Reliquias mission in September 2025, together with mine improvement and upkeep of the processing plant and tailings facility.
The Firm needs him all the most effective in his future endeavors.
The board will now include José Vizquerra (Chairman), Juan Carlos Ortiz, Julio Arce, Tim Loftsgard, Johnny Decooman and Gerardo Fernandez. Mr. Plenge will stay as a marketing consultant to the Firm by means of a interval of transition.
About Silver Mountain Sources Inc.
Silver Mountain Sources Inc. is a Canadian mining firm targeted on the exploration and improvement of silver initiatives in Peru. The Firm’s principal asset is the Reliquias Mission, a past-producing silver mine positioned within the Castrovirreyna district of Huancavelica. Silver Mountain is dedicated to creating long-term worth for its shareholders by means of accountable mining, robust neighborhood engagement, and sustainable improvement practices.
Neither TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Change) accepts accountability for the adequacy or accuracy of this launch.
SOURCE Silver Mountain Sources Inc.
View unique content material: http://www.newswire.ca/en/releases/archive/October2025/17/c4624.html
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