07:34 AM EDT, 10/10/2025 (MT Newswires) -- Silver Storm Mining ( SVRSF ) Friday said it has sealed an offtake prepayment financing deal with Samsung C&T for the restart of operations at La Parrilla Silver Mine Complex in Durango, Mexico.

The US$7 million facility is for 18 months and the agreement grants Samsung the right to purchase 100% of the lead-silver and zinc concentrate produced at La Parrilla over a two-year period. Facility repayments may be made as deductions from the sale of concentrates.

"The agreement with Samsung represents a key step in our strategic vision of transitioning the Company into an operating entity. The Company has sufficient liquidity to complete the planned restart and rehabilitation activities at La Parrilla. Samsung's involvement as a guaranteed purchaser for the concentrates reflects the confidence of a leading industry participant in our path forward and provides Silver Storm with another partner that is committed to bringing La Parrilla back into operation," said chief executive Greg McKenzie.