Silver Mountain Reports 75% Completion of Processing Plant Rehabilitation Activities at Reliquias

Silver Mountain Resources Inc. has achieved a significant milestone in the rehabilitation of its Reliquias processing plant in central Peru, reporting 75% completion of rehabilitation activities as the company advances toward its targeted Q3 2026 production restart. The progress represents a critical step in returning the past-producing silver mine to operational status, with major processing equipment installation now completed across the crushing, grinding and flotation circuits.

The technical achievements are particularly noteworthy, with successful completion of empty-load testing across several key plant circuits showing satisfactory results and no operational issues identified during testing. This testing phase is essential for validating equipment performance and operational readiness before full commissioning begins. The company has progressed through major equipment installation and is now advancing through integration, mechanical completion and commissioning preparation activities.

Looking ahead, the next phase of work will concentrate on mechanical completion, electrical integration, instrumentation installation and dry commissioning activities as Silver Mountain prepares for operational readiness. The company's ability to maintain its Q3 2026 restart timeline is crucial for returning cash flow generation and validating the economic potential of the Reliquias project, which is supported by a preliminary economic assessment completed in 2024.

The successful rehabilitation of Reliquias represents an important development for Silver Mountain's strategy to restart and develop its silver-polymetallic operations in central Peru. With the company reporting adequate funding to complete the restart activities, the project appears well-positioned to contribute to Peru's silver production capacity and provide Silver Mountain with a foundation for growth in the Andean silver sector.