Silver Hammer Mining Corp. (HAMR:CSE; HAMRF:OTCQB) has announced through a press release that it has finalized a deal for the acquisition of the Shafter Silver Mine Project, located in Presidio County, Texas. The company stated that this deal was made with Aurcana Silver Corp, and the project has historically produced silver at significant grades. According to the press release, the project was acquired for US$800,000, 23 million shares, and debt settlement in the form of “U$4 million in secured convertible debentures and eight million units (each comprising a common share and one half warrant at US$0.33 for two years).”

According to Peter A. Ball, the President and CEO of Silver Hammer, “The acquisition of the high-grade silver Shafter complex and permitted mine is a transformational point in Silver Hammer’s transition and goal to become North America’s next silver producer. Shafter contains an established mineral resource of approximately 10.8 million ounces of silver in the measured and indicated category and an additional inferred silver resource of approximately 6.3 million ounces.”

The press release reports that the Shafter Project contains a measured 8.95 oz/ton of silver (Ag) relative to 97,000 tons, an indicated 9.42 oz/ton Ag relative to 1,055,000 tons, and an inferred 7.67 oz/ton Ag relative to 823,000 tons. Additionally, Silver Hammer will have access to the project’s infrastructure, water rights, local labor, and low royalty burden.

Gold Gearing Up for Big Break

Frank Holms with Ahead of the Herd predicts that junior miners may be gearing up for a big break. According to Holms, “the MVIS Junior Gold Miners Index outperformed the seniors- sometimes greatly- when gold prices were ripping, though juniors also had lower lows when the yellow metal was under pressure.”

According to Rick Mills of Ahead of the Herd, gold could still have value for investors despite its recent slowdown. Mills commented that “gold, as an investment asset, can offer diversification in the long run. Also, many of the instruments tied to the metal can either help to track/speculate on its price or provide far higher returns but with increased volatility.”

A Company to Keep an Eye On

Refinitiv Streetevents released a transcript of the company’s presentation from the OTC Markets Metals and Mining Investor Conference. Peter Ball, the President and CEO of Silver Hammer, said that the company is “doing well compared to our peers. Take a look at what we’re doing, how we’re trading, our volume, our liquidity, our share price, and how we’re handling here in the middle of the summer doldrums. But we’re just starting to get going here as many juniors are. We’re holding our share currency or share price quite well to advance the assets I’m about the talk about.”

At the end of last year, technical analyst Clive Maund named Silver Hammer as one of nine companies for investors to keep an eye on. Maund commented that “Though best for new buyers to wait to see if the price can hold in this area until the 200-day moving average has dropped down closer to the price, watch out for an influx of upside volume as a sign that it is ready to advance.”

The company has a few upcoming catalysts to report, including a geophysical survey on the Eliza and Silverton Projects, as well as the advancement of the company’s assets and capital markets.

Ownership or Share Structure

Reuters provided a breakdown of the company’s ownership and share structure, where management and insiders own 4.86% of the company. According to Reuters, former President Morgan Lekstrom owns 1.98% of the company with 1.08 million shares, director Lawrence Roulston owns 1.11% of the company with 0.60 million shares, director Michael R. Dake owns 0.95% of the company with 0.52 million shares, CFO Alnesh Mohan owns 0.32% of the company with 0.18 million shares, advisor Joness Langs owns 0.32% of the company with 0.17 million shares, director Ronald Burk owns 0.14% of the company with 0.08 million shares, and President and CEO Peter A. Ball owns 0.04% with 0.02 million shares.

According to Reuters, institutions in the form of Palos Management Inc. owns 0.55% of the company with 0.30 million shares.

According to Reuters, there are 54.19 million shares outstanding, with 51.56 million free float traded shares. Reuters reports that the company has a market cap of CA$6.03 million, and it trades in the 52 week period between CA$0.15 and CA$0.39.

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