Silver Viper Minerals – The perfect combination of a silver boom, exploration potential, and takeover speculation

Silver market in structural supply deficit

In the long term, supply and demand always determine the price of a commodity. Demand for silver is growing steadily, but supply is hardly growing at all. The market's structural supply deficit is nothing new. Almost half of the demand for silver comes from industry, particularly from the solar cell, electronics, semiconductor, electromobility, and medical technology sectors. Around 20 to 25% of demand comes from investments, in the form of physical demand for coins or bars, as well as investment products. The remaining share is purchased in the form of jewelry and silverware.

Mexico is the world's leading producer

According to the latest available data from the World Silver Survey, silver production in 2024 and 2025 was 820 million and 835 million ounces, respectively. In addition, there are recycled quantities in the order of 190 million ounces per year. This means that supply of roughly 1.015 to 1.03 billion ounces meets demand that exceeds supply by around 200 million ounces of silver per year. With a production output of around 190 million ounces per year, Mexico occupies the most important position worldwide and will continue to play the most significant role in global supply in the long term.

Silver Viper Minerals – Many arrows in the quiver

The Canadian exploration company is focusing on the further development of its three properties in Mexico. The focus is on the two flagship gold-silver projects, La Virginia in Sonora and Coneto in Durango.

Significantly, the geological model at La Virginia bears a strong resemblance to existing epithermal systems, which exhibit low sulfidation and are known for very high precious metal grades. A total of 52,000 meters of drilling has already been completed on the 6,800-hectare property. A historical resource measurement from 2021 showed 154,000 ounces of gold (0.78 g/t) and 6.92 million ounces of silver (35 g/t) in the indicated category, as well as 260,000 ounces of gold (0.8 g/t) and 12.94 million ounces of silver (40 g/t) in the inferred category.**

At La Virginia, previous drilling in the El Rubi zone has already delivered spectacular results, showing high gold and silver grades over long distances. This area is being further explored with the ongoing 5,000-meter drilling program. In addition, the "El Molino" zone, which contains the promising "Mach 1" anomaly, is being addressed. This has hardly been tested to date, but geochemical indications suggest the existence of a large ore body. The Company uses modern data analysis and geological mapping to precisely define drill targets and maximize the probability of a hit.

All the facts, therefore, point to high project quality and excellent prospects. However, the success of exploration companies often depends on two other key factors: the people involved and access to capital.

With its connection to the Belcarra Group, a renowned network of industry experts in geology, management, and the know-how of successful property development, but also known for its access to capital and M&A, the Canadians have the decisive factors for success at their disposal.

The Company recently announced the appointment of Rakesh Malhotra as CFO. Malhotra brings more than 30 years of experience in senior financial positions at publicly traded and private companies. Silver Viper had previously announced the addition of two other renowned experts who will support the Company's next phase of growth. Andreas L'Abbe brings extensive capital market and financing experience from the development of Discovery Silver, while Gernot Wober is one of Mexico's most recognized exploration geologists.

The Canadians are also in a solid financial position since last year's capital increase of CAD 17 million, enabling them to grow aggressively. Exceeding a market capitalization of CAD 100 million also helped to bring institutional investors on board. The circle of shareholders has long included the world's largest silver producer, Fresnillo (17%) and Orex Minerals (11%). Both companies joined the Company through a share swap as part of the Coneto deal, valued at USD 15 million.

The share is currently trading in the range of CAD 1.90, valuing the Company at around CAD 175 million. The strong performance over the past 12 months, which recently peaked at close to CAD 2.60, reflects the progress made in development and the potential.

The ongoing drill program, which focuses on areas that have already been investigated but are largely unexplored in precious metal-rich regions, is likely to provide decisive momentum and lead to a gradual revaluation of the stock. This also increases its attractiveness as a takeover target. The silver market, with its currently high price level, also provides perfect conditions.