Silver47 Announces Mogollon Project Anniversary Payment

Silver47 Exploration Corp. has announced the issuance of 56,902 common shares as part of its fifth annual payment under amended mining lease agreements for the Mogollon project in New Mexico. The shares are valued at $0.6855 per share, representing the 20-day volume weighted average price on the TSX Venture Exchange, totaling approximately $39,000 in value.

The payment structure reflects a ten-year lease arrangement for mining claims that form part of the Mogollon project near Silver City, New Mexico. The lease agreements, executed through the company's wholly owned subsidiary Summa Silver Corp., include both share issuances and annual cash payments totaling US$99,067. The lease terms are renewable in 10-year increments at the company's discretion, providing long-term optionality on the asset.

This milestone payment demonstrates Silver47's commitment to maintaining its position on the Mogollon project while utilizing an equity-based payment structure that preserves cash resources. The payment represents the midpoint of the initial ten-year lease term, with five additional annual payments remaining. For investors, this provides visibility into the company's ongoing obligations and commitment to the project over the medium term.

The structured payment approach reflects common practice in the junior mining sector, where companies often negotiate equity-based lease payments to maintain project interests while conserving working capital for exploration and development activities. The renewable nature of the lease provides Silver47 with strategic flexibility regarding the long-term development of the Mogollon silver asset.