Silver Predator Amends Terms of US$275,000 Loan
Original announcement by tmx on
- Company
- Silver Predator Corp.
- Ticker
- SPD
- Exchange
- TSX
- Region
- Nevada
- Primary commodity
- Tungsten
- Secondary commodities
- Silver, Gold
- Document categories
- Resource update, Agreement transaction
- Extracted
- 2026-09-19 05:05:45 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Silver Predator Corp. has amended the terms of a US$275,000 loan from Resource Re Ltd., increasing the total amount to US$400,000 and extending the due date to April 30, 2016, with an interest rate increase to 14%. The release also restates historical resource estimates for the Springer Tungsten Mine and the Taylor silver-gold project.
Reasoning: The document primarily announces an amendment to a loan (related party transaction), but also restates historical resource data for the Springer and Taylor projects.
Positive factors
- Increased loan amount provides additional working capital
- Extension of due date provides more runway
Negative factors
- Increased interest rate from 12% to 14%
- Loan is secured by company assets
Facts used in scoring: 3
Classification and evidence
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: The Springer project contains a significant inferred resource component.
Evidence · text
“1,933,600 Inferred tons at an average grade of 0.493%”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Michael Maslowski, CPG, has reviewed and approved the technical disclosure.
Evidence · text
“Mr. Michael Maslowski, CPG, a Qualified Person as defined by National Instrument 43-101... has reviewed, verified and approved disclosure”
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Resource Estimates (2)
indicatedSpringer Tungsten Mine and Mill Complex · tungstenTonnes: 355000Grade: 0.537Grade Unit: %Contained Metal: 190635Contained Unit: stu's of wo 3Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer Tungsten Mine and Mill Complex
- Commodity
- tungsten
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SPD
Resource scope
- Estimate type
- resource
- Resource group id
- resource:31c6d75e6678b006a1a3
Resource Data
- Category
- indicated
- Tonnes
- 355000
- Grade
- 0.537
- Grade Unit
- %
- Contained Metal
- 190635
- Contained Unit
- stu's of wo 3
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-12-31T00:00:00.000Z
Dates
- Event date
- 2016-01-04T00:00:00.000Z
Reasoning: Historical restatement of Springer Indicated resource.
Evidence · text
“355,000 Indicated tons at an average grade of 0.537% containing 190,635 STU's of WO 3”
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.0 years before this release
inferredSpringer Tungsten Mine and Mill Complex · tungstenTonnes: 1933600Grade: 0.493Grade Unit: %Contained Metal: 952326Contained Unit: stu's of wo 3Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer Tungsten Mine and Mill Complex
- Commodity
- tungsten
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SPD
Resource scope
- Estimate type
- resource
- Resource group id
- resource:6cf0a5af4433e6367519
Resource Data
- Category
- inferred
- Tonnes
- 1933600
- Grade
- 0.493
- Grade Unit
- %
- Contained Metal
- 952326
- Contained Unit
- stu's of wo 3
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2013-12-31T00:00:00.000Z
Dates
- Event date
- 2016-01-04T00:00:00.000Z
Reasoning: Historical restatement of Springer Inferred resource.
Evidence · text
“1,933,600 Inferred tons at an average grade of 0.493% containing 952,326 STU's of WO 3”
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: the release names the study this estimate supports
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 2.0 years before this release
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.