Sun Silver’s Maverick Springs project in Nevada is positioned for significant growth after the U.S. government lists silver as a critical mineral, highlighting its industrial applications. With the recent surge in silver prices reaching a nominal record of $54.48 per ounce, the project’s resource has expanded from 292 million ounces to 480 million ounces since its IPO in 2024.
The critical mineral designation opens doors for potential government funding, aiming to bolster domestic production amid rising demand and supply challenges. Additionally, recent assays suggest a promising presence of antimony, another strategic mineral, which could further enhance the project’s value. With investment firm Canaccord anticipating a share price target of $2.20, Sun Silver is on track to capitalize on its expanded resource and critical mineral status.
Read full story at stockhead.com.au
Read the full article here