Silver Predator Announces Private Placement
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, Capital raise, Economic study
- Extracted
- 2026-09-19 05:08:28 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Silver Predator Corp. has completed a non-brokered private placement of 19 million shares at $0.07 per share, raising $1.33 million. The proceeds are intended for the Springer tungsten mine and Taylor silver-gold project. The release also restates key findings from a 2013 Preliminary Economic Assessment for the Springer project.
Reasoning: The document announces a capital raise to fund development, while providing historical context via a PEA and a historical resource estimate.
Positive factors
- Successful non-brokered private placement
- Strategic insider participation by Till Capital Ltd.
- Existing PEA provides economic context for Springer project
Negative factors
- Proceeds are relatively small ($1.33M) compared to project scale
- Historical resource estimate mentioned is unverified
Facts used in scoring: 5
Classification and evidence
capital_raisepositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The primary focus is a non-brokered private placement of 19,000,000 shares.
Evidence · text
“has arranged a non-brokered private placement of 19,000,000 common shares at $0.07 per share”
PEA Onlyneutral
Only Class 4 / Initial Assessment economics available. Not bankable.
Why it applies: The document references a preliminary PEA for the Springer tungsten mine.
Evidence · text
“A preliminary PEA completed on current resources of 355,000 Indicated tons”
Historical Estimate Onlynegative
Estimate pre-dates or does not comply with current JORC/NI 43-101 standards — requires verification drilling.
Why it applies: A 1984 historical resource estimate is mentioned but noted as unverified by a QP.
Evidence · text
“A historical resource estimate of 10.7 Mt at 0.45% tungsten is based on data and reports prepared by the previous operators... The company has not completed the work necessary to have the historical estimate verified by a QP.”
Extracted facts
Stored fact records: 3. Some facts used in scoring do not have a stored record.
Resource Estimates (3)
indicatedSpringer Tungsten Mine · tungstenTonnes: 355000Grade: 0.537Grade Unit: %Contained Metal: 190635Contained Unit: stu's of wo 3View all detailsHide details
Identity
- Project
- Springer Tungsten Mine
- Commodity
- tungsten
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SPD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:45c978056b2905267352
Resource Data
- Category
- indicated
- Tonnes
- 355000
- Grade
- 0.537
- Grade Unit
- %
- Contained Metal
- 190635
- Contained Unit
- stu's of wo 3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2014-07-10T00:00:00.000Z
Reasoning: Restatement of Indicated resource from PEA.
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
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
inferredSpringer Tungsten Mine · tungstenTonnes: 1933600Grade: 0.493Grade Unit: %Contained Metal: 952326Contained Unit: stu's of wo 3View all detailsHide details
Identity
- Project
- Springer Tungsten Mine
- Commodity
- tungsten
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SPD
Resource scope
- Estimate type
- resource
- Reporting standards
- ni_43_101
- Resource group id
- resource:c94909e749e761aef34f
Resource Data
- Category
- inferred
- Tonnes
- 1933600
- Grade
- 0.493
- Grade Unit
- %
- Contained Metal
- 952326
- Contained Unit
- stu's of wo 3
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2014-07-10T00:00:00.000Z
Reasoning: Restatement of Inferred resource from PEA.
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
NI 43-101 Compliantpositive
Resource estimate prepared in compliance with NI 43-101 (Canada) — high reporting standard.
Why it applies: reporting_standards includes ni_43_101
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
inferredSpringer Tungsten Mine · tungstenTonnes: 10700000Grade: 0.45Grade Unit: %Historical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Springer Tungsten Mine
- Commodity
- tungsten
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SPD
Resource scope
- Estimate type
- resource
- Resource group id
- resource:8572546082707ec7c068
Resource Data
- Category
- inferred
- Tonnes
- 10700000
- Grade
- 0.45
- Grade Unit
- %
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 1984-01-01T00:00:00.000Z
Dates
- Event date
- 2014-07-10T00:00:00.000Z
Reasoning: Historical estimate from 1984, explicitly stated as not to be relied upon.
Negative factors
- Unverified by QP
Evidence · text
“A historical resource estimate of 10.7 Mt at 0.45% tungsten is based on data and reports prepared by the previous operators... The company has not completed the work necessary to have the historical estimate verified by a QP.”
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
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
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 30.5 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.