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Summa Silver Issues Shares for Mogollon Project Lease Payment

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Summa Silver Issues Shares for Mogollon Project Lease Payment

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Summa Silver Corp ( (TSE:SSVR) ) has shared an update.

Summa Silver Corp. has announced the issuance of 112,324 common shares as part of the fourth annual payment under amended lease agreements for the Mogollon Project in New Mexico. This move is part of a ten-year lease agreement strategy, allowing the company to continue its exploration efforts in a region known for its historic silver production, potentially enhancing its market position in the mineral exploration industry.

More about Summa Silver Corp

Summa Silver Corp. is a junior mineral exploration company with a focus on high-grade silver projects. The company owns a 100% interest in the Hughes Project in central Nevada and the Mogollon Project in southwestern New Mexico, both of which are historic silver producers that have not seen modern exploration prior to Summa’s involvement.

YTD Price Performance: 42.11%

Average Trading Volume: 112,261

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $33.14M

Learn more about SSVR stock on TipRanks’ Stock Analysis page.

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