Northwire Canada EditionTuesday, July 28, 2026
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RIO 2.62 −2.8% GEN 0.070 +0.0% MAI 4.33 −3.4% RYR 0.175 +0.0% SCD 0.165 −1.5% SRC 1.75 −2.8% FOXT 0.165 +6.5% TG 0.180 −2.7% NOBL 0.100 −4.8% MGG 0.285 −5.0% HMR 0.540 +0.0% NRC 1.00 +0.0% SIG 0.920 +0.0% LMR 0.120 +60.0% XTM 0.065 +0.0% CRG 0.215 −2.3% RIO 2.62 −2.8% GEN 0.070 +0.0% MAI 4.33 −3.4% RYR 0.175 +0.0% SCD 0.165 −1.5% SRC 1.75 −2.8% FOXT 0.165 +6.5% TG 0.180 −2.7% NOBL 0.100 −4.8% MGG 0.285 −5.0% HMR 0.540 +0.0% NRC 1.00 +0.0% SIG 0.920 +0.0% LMR 0.120 +60.0% XTM 0.065 +0.0% CRG 0.215 −2.3%
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Early Warning News Release

By The Northwire Desk — AI Analysis Oct 07, 2025 · 19:22 AG · 17.70 First Majestic Silver Corp.
AG · Price

Executive Summary

  • First Majestic Silver Corp. sold 37,600,000 common shares of its investment in Silver Storm Mining Ltd. for CAD $8.72 million.
  • The sale reduced First Majestic’s ownership stake in Silver Storm from ~24.2% (non‑diluted) to ~19.1%.
  • No immediate intention to further adjust the remaining position; the shares are held for investment purposes.

Key Details

  • Transaction: Private share purchase and sale agreement (not on TSX Venture Exchange).
  • Shares Sold: 37,600,000 common shares of Silver Storm Mining Ltd.
  • Price per Share: CAD $0.2318.
  • Gross Proceeds: CAD $8,715,680.
  • Pre‑sale Ownership: 178,349,350 Shares + 25,671,166 Warrants → ~24.16% non‑diluted, ~26.71% partially‑diluted of Silver Storm.
  • Post‑sale Ownership: 140,749,350 Shares + 25,671,166 Warrants → ~19.07% non‑diluted, ~21.79% partially‑diluted of Silver Storm.
  • Warrants: All 25,671,166 common share purchase warrants retained; no change in warrant position.
  • Purpose: Shares held for investment; First Majestic has no current plan to increase or decrease its stake further, but will review holdings as market conditions evolve.
  • Regulatory Filing: Early warning report to be filed on SEDAR+ per NI 62‑103.

Notable Quotes

  • Keith Neumeyer, President & CEO: “All securities of Silver Storm owned by First Majestic are held for investment purposes. First Majestic has no current intention of increasing or decreasing its ownership….”
Read the original news release →

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