Silver Mountain Resources Inc. details compensation arrangements for directors involving class A common shares, as well as the company's commitment to responsible mining practices and a comprehensive review of the Reliquias Project through its NI 43-101 Technical Report. The announcement also includes forward-looking statements.
Silver Mountain Resources Inc. announced on Thursday, February 5, 2026, details regarding its Compensation Arrangements, a move affecting certain directors of the company. These arrangements specify that these directors will receive all or a portion of their director fees for the period spanning July 1, 2025, to June 30, 2026, in the form of class A common shares .
These shares are scheduled for quarterly issuance and are subject to a four-month and one-day hold period, commencing from the date of issuance. The deemed price per Common Share will be calculated as the volume-weighted average closing price of the Common Shares over the last five trading days of each quarter, with a provision ensuring the price does not fall below the discount permitted under applicable TSX Venture Exchange policies. The total value of the Security Based Compensation the company plans to issue is up to USD$210,908. As the directors involved are considered Non-Arm's Length Parties, as defined by TSXV policies, the issuance of this Security Based Compensation required approval by the majority of votes cast by disinterested shareholders. This approval was obtained at the company's annual general and special meeting held on June 24, 2025. The directors currently involved in this arrangement are Timothy Loftsgard, Jose Vizquerra, W. John DeCooman Jr., Juan Carlos Ortiz, and Gerardo Fernandez. Each issuance of Common Shares to these directors constitutes a related party transaction under Multilateral Instrument 61-101. The company is leveraging the exemptions from formal valuation and minority approval requirements outlined in Sections 5.5(a) and 5.7(1)(a) of MI 61-101, based on the fact that the fair market value of the transaction does not exceed 25% of the company's market capitalization. Silver Mountain Resources Inc., a Canadian mining company, has its primary focus on the exploration and development of silver projects within Peru. Its principal asset is the Reliquias Project, a former silver mine located in the Castrovirreyna district of Huancavelica. The company is committed to generating long-term value for its shareholders through responsible mining practices, fostering strong community engagement, and implementing sustainable development practices. The company's commitment underscores its dedication to responsible and sustainable practices within the mining industry. \Further detailing the company's operations, Silver Mountain Resources Inc. emphasizes its adherence to the standards and guidelines set forth in the Amended and Restated NI 43-101 Technical Report: Preliminary Economic Assessment, Reliquias Mine, Department of Huancavelica, Peru, dated October 28, 2024, with an effective date of May 15, 2024. This report, prepared for the company by Steven L. Park, Antonio Cruz Bermudez, and Gerardo Acuña, is an essential resource for stakeholders. It provides a comprehensive analysis and assessment of the Reliquias Project. The company strongly encourages all stakeholders to thoroughly review the Reliquias PEA in its entirety. This includes carefully considering all the underlying assumptions, parameters, qualifications, limitations, and methodologies detailed within. The Reliquias PEA is intended to be viewed holistically, and the company advises against interpreting sections in isolation or out of context. The Reliquias PEA was meticulously prepared in compliance with NI 43-101 and is readily available electronically on SEDAR+. This accessibility ensures that all interested parties can access and analyze the detailed information necessary to understand the project's potential. The company's transparency in making this report accessible highlights its commitment to providing comprehensive information and adhering to industry best practices in reporting and disclosure.\This announcement also includes forward-looking statements, which by their nature, necessitate that Silver Mountain makes certain assumptions and inevitably involves known and unknown risks and uncertainties. These elements could potentially cause the actual results to materially deviate from those either expressed or implied in the forward-looking statements. These forward-looking statements are not intended as guarantees of future performance. The use of words such as may, will, would, could, expect, believe, plan, anticipate, intend, estimate, continue, objective, and strategy, along with their variations, or similar negative or comparative terms, are employed to signify these forward-looking statements. Also, terms usually employed in the future tense or conditional verb tenses are intended to identify forward-looking statements. Investors are advised to carefully consider these factors and understand that future outcomes may differ from those presented in the forward-looking statements. The company understands that forward-looking information is subject to risks, uncertainties, and other factors that could cause actual results to differ materially from expected results. By acknowledging these risks and uncertainties, the company is demonstrating a commitment to transparency and providing investors with the information required to make informed decisions
Silver Mountain Resources Compensation Directors Common Shares Reliquias Project
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