Sunshine Silver Mining & Refining Company (SSMRC) has just secured a $75 million capital investment, a strategic move that will strengthen its debt-free balance sheet, and accelerate the development of the Sunshine Project.
Reactivation of a mine at the Sunshine Project
The Sunshine mine is historically known for its silver and antimony production. The investment will allow the company to advance its plan for large-scale production, with a target date of 2028.
[post_relacionado]The funds are earmarked to complete feasibility studies and engineering for an antimony plant, as well as to upgrade refining facilities. This effort aligns with the U.S. government’s Executive Order on increasing domestic mineral production, ensuring a critical supply for key industries such as defense and microelectronics.
With this funding, SSMRC is uniquely positioned to address deficiencies in the antimony supply chain. antimony supply chain in the United States. supply chain in the United States. It is estimated that the refinery could meet about 40% of the country’s annual demand by 2028, with the goal of reaching 80% by 2031. In addition to processing its own concentrates, the company will be able to refine third-party materials, taking advantage of its proprietary technology for metals such as gallium and germanium.
Despite its focus on national supply security, the Sunshine Project is a world-class asset. Ranked among the highest-grade silver deposits globally, its indicated resources exceed 112 million ounces of silver.
Projected production could increase total U.S. silver production by 20% or more, demonstrating the size of this project. In addition, the company’s extensive holdings in Idaho’ s historic Silver Valley suggest remarkable exploration potential, with multiple targets identified that could expand its mineral resources.
Source and photo: Sunshine Silver