Silver Predator Receives US$275,000 Loan
Original announcement by tmx on
- Company
- Silver Predator Corp.
- Ticker
- SPD
- Exchange
- TSX
- Region
- Unavailable
- Primary commodity
- Unavailable
- Secondary commodities
- None reported
- Document categories
- Resource update, Capital raise, Other
- Extracted
- 2026-09-19 05:11:09 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Silver Predator Corp. has arranged a US$275,000 loan from its majority shareholder, Resource Re Ltd., to fund working capital requirements. The loan carries a 12% annual interest rate and is due on December 31, 2015.
Reasoning: The company secured a small US$275,000 loan to fund working capital, but the transaction is a related-party loan from its majority shareholder at a 12% interest rate.
Positive factors
- Secured working capital via loan
- Prepayment option without penalty
Negative factors
- Related party transaction (71.65% owner)
- High interest rate (12%)
- Short maturity (Dec 31, 2015)
Facts used in scoring: 3
Classification and evidence
related_party_transactionnegative · Story-specific tag
No canonical definition is currently available.
Why it applies: The loan is from Resource Re Ltd., which owns 71.65% of the Company's outstanding common shares.
Evidence · text
“Resource Re Ltd., a wholly owned subsidiary of Till Capital Ltd. (TSXV:TIL), owns 71.65% of the Company’s outstanding common shares. The loan is a related party transaction”
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
- 2015-08-31T00:00:00.000Z
Reasoning: The document restates historical resource data from a 2013 PEA for the Springer Tungsten Mine.
Evidence · text
“Springer Tungsten Mine and Mill Complex where the current PEA states a mineral resource estimate of 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
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
- 2015-08-31T00:00:00.000Z
Reasoning: The document restates historical resource data from a 2013 PEA for the Springer Tungsten Mine.
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
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.