08:48 AM EDT, 05/06/2025 (MT Newswires) -- Silver Storm Mining ( SVRSF ) entered Tuesday into a definitive agreement to acquire Till Capital (TILL.V), saying the purchase will provide it with additional cash liquidity of about C$6.2 million, which it will use to restart the La Parrilla silver mine in Mexico.

SVRS in a statement said the deal also provides it with a portfolio of mineral investments and royalties as Till holds a 51.8% stake in Silver Predator ( SVROF ) , which owns silver projects in Idaho and Nevada.

"This acquisition is an exciting opportunity that combines the strong liquidity position of Till Capital with our high-quality Mexican silver assets. We are excited to bring on the Till shareholders, a group of who has already signed support agreements in excess of 40% in favor of the transaction and understand the value proposition of this combination," said Greg McKenzie, president and CEO of Silver Storm.

Under the terms, Till shareholders will receive 15.874 Silver Storm units for each Till share held. Each Silver Storm unit consists of one Silver Storm share and one-quarter of one whole Silver Storm. Each is exercisable for $0.25 per share for 18

Each Silver Storm unit also includes one contingent value right, which is contingent on the sale of Till's 33.3% ownership of IG Far East, which will be eligible to convert into an additional cash payment. It will have a term of 24 months after closing of the transaction.

The transaction was unanimously approved by the boards of both companies.