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About Aftermath Silver Ltd. (AAGFF)
Aftermath Silver Ltd. is a Canadian junior exploration company focused on the discovery, acquisition, and development of high-quality silver and critical metals projects in stable jurisdictions. The company operates within the mining and exploration industry, leveraging its expertise to advance its portfolio of assets toward feasibility and potential production. Aftermath Silver is uniquely positioned at the intersection of the precious metals and critical metals markets, contributing to both traditional industrial applications and the rapidly growing clean energy sector.
Flagship Project: Berenguela Silver-Copper-Manganese Deposit
Aftermath Silver's flagship asset is the Berenguela Project, located in southern Peru. This polymetallic deposit is one of the world's few high-grade resources that combine significant quantities of silver, copper, and manganese. The project has a defined mineral resource estimate across measured, indicated, and inferred categories, with manganese accounting for a substantial portion of the resource value. Manganese, a critical metal for battery technology, positions the project as a strategic asset in the clean energy transition.
The ongoing Phase 2 drilling program at Berenguela has demonstrated promising results, including high-grade silver and copper intercepts, as well as the production of battery-grade manganese sulfate monohydrate (HPMSM) during metallurgical testing. These advancements underscore the project's potential to produce multiple high-value products, including silver bullion, copper concentrates, and battery-grade manganese.
Other Projects
In addition to Berenguela, Aftermath Silver owns 100% interests in the Challacollo Silver-Gold Project and the Cachinal Silver-Gold Project, both located in Chile. These projects add diversification to the company's portfolio and provide additional growth opportunities through exploration and resource development.
Strategic Positioning
Aftermath Silver is strategically aligned with global trends in critical minerals and clean energy. The inclusion of manganese and copper in its resource portfolio positions the company to benefit from rising demand for battery materials and renewable energy technologies. Furthermore, the company's focus on stable jurisdictions ensures a favorable operating environment with minimized geopolitical risks.
Commitment to Sustainability and Technical Excellence
Aftermath Silver is committed to sustainable mining practices and rigorous technical standards. The company employs industry-leading methodologies in exploration, resource modeling, and metallurgical testing. Its projects are supported by robust environmental assessments and community engagement initiatives, ensuring compliance with regulatory requirements and fostering local support.
Investment Potential
Aftermath Silver offers significant leverage to silver, copper, and manganese markets, making it an attractive opportunity for investors seeking exposure to precious metals and critical minerals. The company's strategic focus on advancing its projects toward feasibility and production, combined with its expertise in navigating complex metallurgical processes, positions it as a compelling player in the junior mining sector.
Aftermath Silver (TSXV: AAG) (OTCQX: AAGFF) has reported significant drill results from its Phase 2 diamond drill program at the Berenguela silver-copper-manganese deposit in Peru. The highlight is hole AFD100, which intersected 156m @ 290g/t Ag + 1.12% Cu + 7.3% Mn from surface, including exceptional silver grades of 14,252 g/t over 1.95m.
The drilling focused on the Eastern Zone, representing a step-out of 50m and 100m east of previous grid drilling. This zone shows higher copper content and is considered proximal to a potential intrusive porphyry-style source. The Phase 2 program has been expanded to 5,200m, with results reported for 9 holes.
Notable intersections include AFD101 with 61m @ 55g/t Ag + 1.02% Cu +4.87% Mn from 14.90m, followed by 55.6m @ 40g/t Ag + 1.03% Cu + 8.54% Mn from 96.40m. The Eastern Zone remains open at depth and is currently being drilled on a 150m eastwards step out section.
Aftermath Silver (TSXV: AAG) (OTCQX: AAGFF) has been ranked #32 in the 2024 TSX Venture 50™ list, which recognizes top-performing companies on the TSXV. The company achieved a 63% increase in share price during 2024. Nearly two-thirds of the 2024 TSX Venture 50 companies are mining companies, with many focused on critical minerals and precious metals.
The company has an option to acquire 100% interest in the Berenguela Project through an agreement with SSR Mining. Located in Peru's Puno province, Berenguela hosts a potentially open-pittable silver-copper-manganese resource. The project is strategically positioned less than 6km from road, rail, and power lines. Aftermath published a resource estimate in March 2023 and is currently conducting metallurgical testing to produce silver, copper, and commercial-grade manganese products.
Aftermath Silver (TSXV: AAG) (OTCQX: AAGFF) has released assay results from 23 holes of its Phase 2 diamond drill program at the Berenguela silver-copper-manganese deposit in Peru. Key highlights include:
- AFD071: 23.6m @ 319g/t Ag + 2.19% Cu + 17.43% Mn
- AFD109: 27.4m @ 187g/t Ag + 0.97% Cu + 5.13% Mn
- AFD111: 10.1m @ 273g/t Ag + 0.90% Cu + 4.11% Mn
The drilling program targeted two main areas: a north-south striking fault zone within the mineral resource and the east-central anticline area for resource infill. The weighted average core recovery in mineralized intersections was 92%. Additionally, the company reported that 1,314,000 warrants were exercised since January 2025, generating C$459,765 in proceeds for geological studies and working capital.
Aftermath Silver (TSXV: AAG) (OTCQX: AAGFF) has announced results from its Phase 2 diamond drill program at the Berenguela silver-copper-manganese project in Peru. The company reported significant findings from 22 holes of a planned 60-hole program, with notable high-grade intersections including:
- AFD078: 9.1m @ 447g/t Ag + 1.85% Cu + 17.96% Mn from surface
- AFD082: 15.3m @ 439g/t Ag + 1.81% Cu + 4.2% Mn from 12.8m downhole
The drilling program aimed to convert Inferred Resources to Measured and Indicated categories, test geological structures, and extend mineralization westward and southward. The program achieved a weighted average core recovery of 92% in mineralized intersections. The results are expected to add new resources in previously undrilled areas, particularly highlighting high copper grades in the western drilling that confirm Berenguela's polymetallic nature.
Aftermath Silver (TSXV: AAG) (OTCQX: AAGFF) has appointed Galiant Partners as advisors to support the development of its Berenguela project. Galiant Partners, founded in 2017 and based in London, specializes in metals and mining sector consulting with over US$100bn in executed assignments.
The Berenguela project, which Aftermath has an option to acquire 100% interest from SSR Mining, is undergoing a PEA study to evaluate its potential as a precious and energy transition minerals project. Located in Peru's Puno province, the project is strategically positioned near essential infrastructure and contains silver, copper, and manganese resources.
As part of the compensation, Aftermath has granted Galiant Partners 600,000 incentive stock options at CAD$0.495 per share, exercisable over 5 years. Additionally, 100,000 options were granted to a geological consultant at CAD$0.485 per share, and 550,000 Restricted Share Units were issued to a director and consultant, vesting over 3 years.
Aftermath Silver (AAGFF) has made an early US$2.9-million property payment to EMX Royalty Corp for its Berenguela silver-copper-manganese project in Peru, 5 months ahead of the May 2025 due date. This payment is part of the company's option to acquire 100% interest in the project through agreements with SSR Mining and EMX Royalty.
The remaining payments to EMX include US$3.25-million due in November 2026 and a sliding-scale NSR royalty on mineral production: 1.0% when silver prices are up to US$25 per ounce, increasing to 1.25% when silver exceeds US$25 per ounce and copper is above US$2 per pound.
The company is currently focusing on completing the Berenguela PEA and revising the mineral resource estimate, incorporating results from recent infill drilling.
Aftermath Silver has closed a $10 million non-brokered private placement with Eric Sprott. The placement consisted of 22,222,222 units at $0.45 per unit, with each unit including one common share and half a warrant. Each warrant allows purchase of one additional share at $0.70 within 36 months. The proceeds will fund studies at the Berenguela Silver-Copper-Manganese project in Peru and working capital.
Following the placement, Sprott's ownership increased to 25.0% of outstanding shares (non-diluted) and 30.0% on a partially diluted basis. The securities are subject to a hold period until March 29, 2025.
Aftermath Silver (TSXV: AAG) (OTCQX: AAGFF) announced the approval of all matters at its annual general meeting. Shareholders re-elected the board of directors and approved Davidson & Company LLP as auditor. A significant development includes the approval of 2176423 Ontario and Eric Sprott as new Control Persons. The company plans a private placement of 22,222,222 units at $0.45 per unit, totaling $10 million. Each unit includes one common share and half a warrant, exercisable at $0.70 for 36 months. The company also provided updates on its Berenguela Project in Peru, which hosts silver-copper-manganese resources near essential infrastructure.
Aftermath Silver (TSXV: AAG) (OTCQB: AAGFF) has been added to the Solactive Global Silver Miners Total Return Index effective November 1, 2024. The company received Cdn$1,379,891 from the exercise of 4,854,566 warrants and currently holds Cdn$10.55m in cash and GICs. Aftermath plans a non-brokered private placement of up to 22,222,222 units at 45 cents per unit, targeting $10-million in proceeds. The company has an option to acquire 100% of the Berenguela silver-copper-manganese project in Peru, which is strategically located near infrastructure and contains metals important for clean energy and battery applications.
Aftermath Silver (TSXV: AAG) (OTCQX: AAGFF) has reported high silver recoveries from metallurgical testwork at its Berenguela Silver-Copper-Manganese project in Peru. The results show 95% and 89% silver recovery for two composites tested, with cyanide consumption less than 1 kg per oz of silver recovered. The company has also demonstrated the potential to produce battery-grade manganese sulphate.
The basic flowsheet involves acid leaching followed by a standard cyanide leach plant for silver extraction. Aftermath is advancing to the next phase of metallurgical testwork, including preliminary process and sizing studies for plant design.
Additionally, the company announced the exercise of 6,535,487 warrants, generating C$1,795,453 in cash proceeds. Aftermath also clarified a previous disclosure regarding stock option grants, stating that 5,275,000 stock options were granted, not 5,025,000 as originally reported.
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