Silver Predator Revises Springer Mining Lease and Option to Purchase Agreement
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, Economic study
- Extracted
- 2026-09-19 05:07:56 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Silver Predator Corp. has renegotiated its Mining Lease and Option to Purchase Agreement for the Springer Tungsten Mine in Nevada, securing reduced royalty rates. The release also restates key metrics from a 2013 PEA, including a 47% post-tax IRR and existing tungsten resources.
Reasoning: The company has successfully renegotiated lease terms to improve project economics via lower royalties, while restating existing PEA metrics for the Springer Tungsten project.
Positive factors
- Renegotiated agreement reduces royalty rates
- Existing PEA shows strong IRR of 47%
- Option to purchase property at defined price points
Negative factors
- Project is historical/care and maintenance
- Royalty obligations include significant cash and share components
Facts used in scoring: 4
Classification and evidence
agreement_transactionpositive · Story-specific tag
No canonical definition is currently available.
Why it applies: The primary focus is the renegotiation of a Mining Lease and Option to Purchase Agreement.
Evidence · text
“announces that on January 17, 2015 it has executed a renegotiated Mining Lease and Option to Purchase Agreement”
PEA-Supportingneutral
Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study.
Why it applies: The document references a Preliminary Economic Assessment (PEA) to support the project's economic context.
Evidence · text
“A PEA completed on current resources... indicates an IRR of 47%”
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Resource Estimates (2)
indicatedSpringer Tungsten Mine · 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
- Commodity
- tungsten
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SPD
Resource scope
- Estimate type
- resource
- Resource group id
- resource:466fb3924d180b675f84
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
- 2015-02-09T00:00:00.000Z
Reasoning: Restatement of historical resource figures from a 2013 report.
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
inferredSpringer Tungsten Mine · 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
- Commodity
- tungsten
- Region
- usa_nv
- Reported Region
- Nevada
- Ticker
- SPD
Resource scope
- Estimate type
- resource
- Resource group id
- resource:880d60fb773b191986f8
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
- 2015-02-09T00:00:00.000Z
Reasoning: Restatement of historical resource figures from a 2013 report.
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.