08:17 AM EDT, 07/17/2025 (MT Newswires) -- Silver Mountain Resources ( AGMWF ) after markets closed on Wednesday said it signed a 20-year surface land use agreement with the Community of Salcca Santa Ana, marking the final approval required to restart operations at its flagship Reliquias Mine in Peru.

The agreement grants the company long-term access to key surface areas critical for infrastructure, mining operations, and environmental management.

The company said the agreement, together with the previously secured 20-year agreement with the Community of Castrovirreyna, marks the completion of all community-related and regulatory approvals to recommence production activities at the Reliquias Mine.

"With both cornerstone community agreements secured, we are ready to move forward with a modern and responsible mining operation that will generate long-term value for all our stakeholders - from our investors to the local population," said Silver Mountain Resources ( AGMWF ) Chief Executive Officer Alvaro Espinoza.