# Silver Predator Revises Springer Mining Lease and Option to Purchase Agreement Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/silver-predator-revises-springer-mining-lease-and-option-to-purchase-agreement--0bb3e7e5-b95c-47c0-be5b-a77f69f33388 Original source: https://money.tmx.com/en/quote/SPD/news/62538805/silver-predator-revises-springer-mining-lease-and-option-to-purchase-agreement Publisher: tmx Original announcement: 2015-02-09T19:10:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas 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 factor: Renegotiated agreement reduces royalty rates - Positive factor: Existing PEA shows strong IRR of 47% - Positive factor: Option to purchase property at defined price points - Negative factor: Project is historical/care and maintenance - Negative factor: Royalty obligations include significant cash and share components Facts used in scoring: 4 ## Classification and evidence **agreement\_transaction** Polarity: positive Story-specific tag Definition: 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-Supporting** Polarity: neutral Definition: 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) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-predator-revises-springer-mining-lease-and-option-to-purchase-agreement--0bb3e7e5-b95c-47c0-be5b-a77f69f33388#fact-resource-facts-2) Springer Tungsten Mine · tungsten Historical result Needs review: historical\_restatement #### 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 Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **PEA-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Preliminary Economic Assessment — early-stage study. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/silver-predator-revises-springer-mining-lease-and-option-to-purchase-agreement--0bb3e7e5-b95c-47c0-be5b-a77f69f33388#fact-resource-facts-3) Springer Tungsten Mine · tungsten Historical result Needs review: historical\_restatement #### 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 Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **PEA-Supporting** Polarity: neutral Definition: 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.