Silver Explorer Expands High-Grade Silver Hill Package in North Carolina

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1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

On July 2, 2026, Metalsource Mining Inc. (MSM:CSE; SFRIF:OTC; E9Z:FSE) announced the expansion of its Silver Hill land package located in Davidson County, North Carolina. With the addition of approximately 141 acres, the property now consists of approximately 1,300 acres along the Carolina Terrane, which is underlain by volcaniclastic and volcano-sedimentary rocks from the Neoproterozoic and Cambrian age. The company plans to explore these additional strategic targets in its ongoing drilling, geophysics, and geological interpretation of the broader project.

Joe Cullen, CEO of Metalsource, said in the release: "This is a strategic acquisition we've been working toward for some time. As drilling, geophysics, and geological interpretation have continued to improve our understanding of the Silver Hill system, it has become increasingly important to secure these highly prospective properties while the opportunity is available. We're grateful to the families who have owned this land for generations and appreciate the trust they've placed in our team. Every successful drill hole has strengthened our confidence in the broader district and helped define where we believe the next phase of exploration should be focused. These newly acquired properties provide access to compelling exploration targets that we look forward to advancing in the near term as we continue expanding the known mineralized footprint at Silver Hill."

Regarding the future of the project, Cullen continued: "As we move closer to increasing drilling capacity, our vision is clear: one program focused on systematically expanding the Silver Hill proper, while additional drilling evaluates high-priority regional targets generated through our geological work and recent IP surveys. We believe we're still in the early stages of understanding the scale of this district, and we're excited by the potential for both resource expansion and new discoveries."

A Canadian company, Metalsource, focuses on exploration within North Carolina in the U.S., intending to expand mineralization from past-producing projects. The company also has an exploratory project in Botswana. 

Silver Prices Staying Strong

On July 2, 2026, silver prices hovered around US$61 per ounce, recovering from a recent low market, after "markets reduced bets on Federal Reserve rate hikes after disappointing U.S. jobs data." Despite projections of 110,000 new jobs being added to the market in June, actual numbers came in only around 57,000 — the lowest in four months. Silver also rallied support from rising oil shipments through the Strait of Hormuz and progress in indirect U.S.-Iran talks, which lowered oil prices and eased fears of inflation.

Higher demand from electric cars, solar panels, data centers, and more are shoring up silver's future demand. Yahoo Finance quoted experts from both BlackRock and J.P. Morgan as saying, " By the end of 2026, experts predict silver's price will surpass US$80 per ounce, and it could reach US$100 per ounce by 2030."

Silver isn't alone in its rise. On May 7, 2026, Brian Taylor of Recycling Today said that the World Bank Group has predicted that overall global metals prices will rise by 17% in 2026, which would mark the first overall market increase since 2022.

Expert Optimistic Over Restarting America's First Silver Mine

On July 2, 2026, Bob Moriarty of 321gold.com commented on the company's newest press release, saying: "Metalsource continues to add land to their current project and keeps delivering outstanding drill results. They just released a drill hole that showed over six meters of 1,156 g/t AgEq. This was America's first silver mine, and it will be back in production again."

Upcoming Programs

The press release lists the following next steps as near-term catalysts for the Silver Hill project:

• Multiple assays pending from the current drill campaign, with results expected to continue advancing the company's understanding of the Silver Hill system.
• Increasing drilling capacity as management advances plans to secure an additional drill rig to accelerate testing of both known mineralization and newly identified exploration targets.
• Testing the broader district through continued integration of drilling, IP geophysics, and geological interpretation to prioritize additional targets beyond the historic mine footprint.
• Continuing strategic growth through the evaluation of additional land opportunities that complement the company's evolving district-scale exploration strategy.

Ownership & Share Information¹

Metalsource Mining Inc. has a market cap of CA$80.50 million, with 73.24 million shares outstanding. The company's 52-week range is CA$0.11-CA$2.29.

Strategic Investors own 25.20% of shares, while Management & Insiders own 2.99%. The remaining 71.81% of shares are held by Retail.