View ValuationSun Silver 将来の成長Future 基準チェック /06Sun Silver の収益は、年間 5.9% 減少すると予測されています。EPS は、年間 増加すると予測されています3.1%。主要情報-5.9%収益成長率3.07%EPS成長率Metals and Mining 収益成長15.0%収益成長率n/a将来の株主資本利益率-103.00%アナリストカバレッジLow最終更新日05 Mar 2026今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesNew Risk • Mar 31New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 38% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Currently unprofitable and not forecast to become profitable over next 3 years (AU$6.0m net loss in 3 years). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding).お知らせ • Mar 26Sun Silver Limited, Annual General Meeting, May 25, 2026Sun Silver Limited, Annual General Meeting, May 25, 2026. Location: at level 39, central park, 152-158 st georges terrace, perth wa 6000 Australiaお知らせ • Jan 13Sun Silver Ltd. Drill Results Demonstrate Thick, High-Grade Silver-Gold Continuity and Scale At Maverick SpringsSun Silver Ltd. announced that further assays from its 2025 exploration program at its Maverick Springs Silver-Gold Project in Nevada demonstrate thick, high-grade silver-gold continuity and scale. The latest drilling confirms the continuity, quality and scale of silver-gold mineralization at the project, underpinned by strong silver market fundamentals and emerging critical minerals tailwinds. Thick mineralised intercepts returned from multiple holes at grades consistent with and exceeding the mineral resource grade, including: MR25-227 - 123.94m at 81.8g/t AgEq (51g/t Ag and 0.36g/t Au) from 216.80m including 33.77m at 224.5g/t AgEq ("168 g/t Ag and 0.66 g/t Au); MR25-229 - 45.78m at 76.7g/t AgEq(46.8g/t Ag and 0.,35g/t Au) including 15.58m at 114.6 AgEq (77.2g/t Ag and 0". Extensive gold mineralisation intercept within MR25-235: MR25-235 - 29.69m at 201.9g/t AgEq.85.1g/t Ag and 1.37g/t Au) with individual gold assays up to 4.80g/t Au. The Project, which is proximal to the prolific Carlin Trend, hosts a JORC Inferred Mineral Resource of 237Mt grading 45.5g/t Ag and 0.'30g/tAu for 347.2Moz of contained silver and 2.25Moz of contained gold (539Moz of contain3ed silver equivalent).お知らせ • Dec 09Sun Silver Ltd. Announces Maverick Springs Mineral Resource Increase of 59Moz to 539Moz to 539Moz AgEq At 71G/T AgEqSun Silver Ltd. announced that the company's strategic exploration that included re-assays and extensional drilling, has expanded the company's Maverick Springs Silver and Gold Project in Nevada. The company has reported an updated Mineral Resource Estimates for the project with the total inferred MRE increasing by 59Moz from 479.8Moz to 539Moz silver equivalent.お知らせ • Nov 12Sun Silver Ltd. Announces Near-Surface Antimony Intercepts At Its Maverick Springs Silver-Gold Project in Nevada Showcase Its Strategic PotentialSun Silver Ltd. announced that the company's ongoing multi-element re-assay program at its Maverick Springs Silver-Gold Project in Nevada continue to expand the project's antimony potential. The latest re-assay results have confirmed zones of antimony mineralization extending to near surface within the 2.4km by 1.4km silver-gold Mineral Resource footprint.New Risk • Aug 01New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 42% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (AU$144.3m market cap, or US$92.8m).お知らせ • Jul 30Sun Silver Limited has completed a Follow-on Equity Offering in the amount of AUD 30 million.Sun Silver Limited has completed a Follow-on Equity Offering in the amount of AUD 30 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 32,608,696 Price\Range: AUD 0.92 Discount Per Security: AUD 0.0552 Transaction Features: Subsequent Direct Listingお知らせ • Jul 24Sun Silver Limited has filed a Follow-on Equity Offering in the amount of AUD 30 million.Sun Silver Limited has filed a Follow-on Equity Offering in the amount of AUD 30 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 32,608,696 Price\Range: AUD 0.92 Discount Per Security: AUD 0.0552 Transaction Features: Subsequent Direct Listingお知らせ • Mar 31Sun Silver Limited, Annual General Meeting, May 29, 2025Sun Silver Limited, Annual General Meeting, May 29, 2025. Location: at level 39 central park, 152-158 st georges terrace, perth wa 6000 Australiaお知らせ • Feb 17Sun Silver Limited Announces Board ChangesSun Silver Limited announced the following immediate key appointments to its board and senior leadership team as it transitions into its next phase of growth in advancing the Maverick Springs Silver-Gold Project in Nevada, USA. n conjunction with the appointment of Andrew Dornan, highly regarded corporate lawyer Shaun Hardcastle has been appointed as Sun Silver's Non-Executive Chairman. Shaun brings deep corporate governance expertise and a strong track record in managing complex corporate structures and guiding companies through periods of significant growth. Shaun has a distinguished legal career spanning 20 years, with experience across corporate, commercial and securities law as well as Non-Executive Director roles with several ASX-listed companies. Shaun is currently a Partner and the Head of Corporate for the national law firm Hamilton Locke. He is also currently a Director of RareX Limited and previously held the role of Non-Executive Director with Cygnus Metals Limited and Hawkstone Mining Ltd. The appointment of Andrew and Shaun significantly strengthens the Sun Silver leadership team and positions the Company for continued success. Both executives share a strong commitment to the Company's vision and strategy, and the Board looks forward to working with them to deliver value for shareholders. Following the appointment of Andrew Dornan and Shaun Hardcastle as Managing Director and Non- Executive Chairman respectively, Gerard O'Donovan step downs from his role as Executive Director, effective immediately, and Dean Ercegovic will transition to the role of Non-Executive Director, where he will provide continued support and oversight of the Company's strategy.お知らせ • Nov 21Sun Silver Limited has completed a Follow-on Equity Offering in the amount of AUD 13 million.Sun Silver Limited has completed a Follow-on Equity Offering in the amount of AUD 13 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 12,903,226 Price\Range: AUD 0.62 Discount Per Security: AUD 0.0372 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 2,343,024 Price\Range: AUD 0.8 Discount Per Security: AUD 0.048 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 3,906,976 Price\Range: AUD 0.8 Discount Per Security: AUD 0.048 Transaction Features: Subsequent Direct Listingお知らせ • Oct 17Sun Silver Limited, Annual General Meeting, Nov 15, 2024Sun Silver Limited, Annual General Meeting, Nov 15, 2024. Location: the park business centre, 45 ventnor avenue, west perth, perth Australiaお知らせ • Sep 05US Department of Energy Selects Sun Silver Limited to Enter the Final Application Stage Under the Qualifying Advanced Energy Project Allocation Program to Receive USD 60 Million Tax CreditSun Silver Limited announced that the US Department of Energy has selected the Company to enter the final application stage under the Qualifying Advanced Energy Project Allocation Program (48C Program) to receive a USD 60 million tax credit to support the development of a Silver Paste Production Facility within the United States. Initial positive feedback has been received from the Department of Energy relating to the Company's initial submission. The Section 48C Program, administered by the Department of Energy, supports innovative energy projects that contribute to reducing greenhouse gas emissions. This federal incentive program provides a 30% investment tax credit (ITC) for qualified expenditures on advanced energy manufacturing facilities such as Sun Silver's Silver Paste Project. It aims to strengthen domestic supply chains, enhance US competitiveness in the global clean energy economy, and foster job growth in related industries. Under the IRA, advanced energy project credits can be monetised through a sale for cash, in addition to offsetting income tax liability. To realise the full credit amount, companies must meet the requirements outlined in Section 48C of the Internal Revenue Code and adhere to operational and employment plans submitted to the IRS. The Company's Silver Paste Project aligns with the objectives of the Section 48C Program by enhancing the efficiency and sustainability of solar PV cells through the production of high-quality silver paste. Silver paste accounts for up to 23% of the material cost of a photovoltaic cell (solar panel), crucial for creating electrical contacts essential in converting sunlight into electricity. As the demand for renewable energy continues to grow - particularly in the US, where solar commitments are targeted to reach 30% of the country's energy requirements by 2030 (up from 3% in 2022) - ensuring a stable and efficient supply of silver paste becomes increasingly crucial. In early May 2024, US President Joe Biden approved an increase in tariffs on Chinese solar imports from 25% to 50% to encourage further onshoring of manufacturing. This policy underscores the strategic importance of domestic production, supporting initiatives like Sun Silver's Silver Paste Project. The preliminary location for the Silver Paste facility is strategically positioned in Census Tract 9502, Elko County (Census Tract ID: 32007950200), near the Maverick Springs Project (85km south of Elko, Nevada). This location was chosen to minimise transport costs and facilitate the sharing of resources, materials and equipment between the mine, processing infrastructure and the Silver Paste facility. Elko County's well- developed infrastructure, supported by a population of over 20,000, ensures year-round access to a local skilled workforce. Section 48C is one of several funding options available from the Department of Energy. Sun Silver is actively exploring additional grant opportunities to support the Maverick Springs Project and Silver Paste Production Facility. The Company is committed to pursuing these avenues to align projects with government targets, initiatives, and mandates. In addition to pursuing investment tax credits through the Department of Energy's Section 48C program, Sun Silver is actively identifying other funding opportunities through the Department of Defence. Antimony, a critical mineral as defined by the United States Geological Survey, is a key material for supporting US national security and various defence applications. Recent work at the Maverick Springs Project has revealed anomalous results for antimony. Should these initial results prove consistent and develop into a resource of commercial scale, the Maverick Springs Project could play a crucial role in securing a reliable domestic supply of this strategic material, enhancing the USA's internal supply chain and strengthening national security. Sun Silver's cornerstone asset, the Maverick Springs Project, is located 85km from the fully serviced mining town of Elko in Nevada and is surrounded by several world-class gold and silver mining operations including Barrick's Carlin Mine.業績と収益の成長予測ASX:SS1 - アナリストの将来予測と過去の財務データ ( )AUD Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/2028N/A-8-1,269-7112/31/2027N/A-4-15-3112/31/2026N/A-4-15-3112/31/2025N/A-7-11-2N/A9/30/2025N/A-5-10-2N/A6/30/2025N/A-2-8-1N/A3/31/2025N/A-2-10-1N/A12/31/2024N/A-2-11-1N/Aアナリストによる今後の成長予測収入対貯蓄率: SS1今後 3 年間、利益が出ない状態が続くと予測されています。収益対市場: SS1今後 3 年間、利益が出ない状態が続くと予測されています。高成長収益: SS1今後 3 年間、利益が出ない状態が続くと予測されています。収益対市場: SS1の収益がAustralian市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: SS1来年は収益がないと予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: SS1 3 年以内に赤字になると予測されています。成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/12 10:01終値2026/05/12 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Sun Silver Limited 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Paul HowardCanaccord Genuity
New Risk • Mar 31New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 38% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Currently unprofitable and not forecast to become profitable over next 3 years (AU$6.0m net loss in 3 years). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding).
お知らせ • Mar 26Sun Silver Limited, Annual General Meeting, May 25, 2026Sun Silver Limited, Annual General Meeting, May 25, 2026. Location: at level 39, central park, 152-158 st georges terrace, perth wa 6000 Australia
お知らせ • Jan 13Sun Silver Ltd. Drill Results Demonstrate Thick, High-Grade Silver-Gold Continuity and Scale At Maverick SpringsSun Silver Ltd. announced that further assays from its 2025 exploration program at its Maverick Springs Silver-Gold Project in Nevada demonstrate thick, high-grade silver-gold continuity and scale. The latest drilling confirms the continuity, quality and scale of silver-gold mineralization at the project, underpinned by strong silver market fundamentals and emerging critical minerals tailwinds. Thick mineralised intercepts returned from multiple holes at grades consistent with and exceeding the mineral resource grade, including: MR25-227 - 123.94m at 81.8g/t AgEq (51g/t Ag and 0.36g/t Au) from 216.80m including 33.77m at 224.5g/t AgEq ("168 g/t Ag and 0.66 g/t Au); MR25-229 - 45.78m at 76.7g/t AgEq(46.8g/t Ag and 0.,35g/t Au) including 15.58m at 114.6 AgEq (77.2g/t Ag and 0". Extensive gold mineralisation intercept within MR25-235: MR25-235 - 29.69m at 201.9g/t AgEq.85.1g/t Ag and 1.37g/t Au) with individual gold assays up to 4.80g/t Au. The Project, which is proximal to the prolific Carlin Trend, hosts a JORC Inferred Mineral Resource of 237Mt grading 45.5g/t Ag and 0.'30g/tAu for 347.2Moz of contained silver and 2.25Moz of contained gold (539Moz of contain3ed silver equivalent).
お知らせ • Dec 09Sun Silver Ltd. Announces Maverick Springs Mineral Resource Increase of 59Moz to 539Moz to 539Moz AgEq At 71G/T AgEqSun Silver Ltd. announced that the company's strategic exploration that included re-assays and extensional drilling, has expanded the company's Maverick Springs Silver and Gold Project in Nevada. The company has reported an updated Mineral Resource Estimates for the project with the total inferred MRE increasing by 59Moz from 479.8Moz to 539Moz silver equivalent.
お知らせ • Nov 12Sun Silver Ltd. Announces Near-Surface Antimony Intercepts At Its Maverick Springs Silver-Gold Project in Nevada Showcase Its Strategic PotentialSun Silver Ltd. announced that the company's ongoing multi-element re-assay program at its Maverick Springs Silver-Gold Project in Nevada continue to expand the project's antimony potential. The latest re-assay results have confirmed zones of antimony mineralization extending to near surface within the 2.4km by 1.4km silver-gold Mineral Resource footprint.
New Risk • Aug 01New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 42% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (AU$144.3m market cap, or US$92.8m).
お知らせ • Jul 30Sun Silver Limited has completed a Follow-on Equity Offering in the amount of AUD 30 million.Sun Silver Limited has completed a Follow-on Equity Offering in the amount of AUD 30 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 32,608,696 Price\Range: AUD 0.92 Discount Per Security: AUD 0.0552 Transaction Features: Subsequent Direct Listing
お知らせ • Jul 24Sun Silver Limited has filed a Follow-on Equity Offering in the amount of AUD 30 million.Sun Silver Limited has filed a Follow-on Equity Offering in the amount of AUD 30 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 32,608,696 Price\Range: AUD 0.92 Discount Per Security: AUD 0.0552 Transaction Features: Subsequent Direct Listing
お知らせ • Mar 31Sun Silver Limited, Annual General Meeting, May 29, 2025Sun Silver Limited, Annual General Meeting, May 29, 2025. Location: at level 39 central park, 152-158 st georges terrace, perth wa 6000 Australia
お知らせ • Feb 17Sun Silver Limited Announces Board ChangesSun Silver Limited announced the following immediate key appointments to its board and senior leadership team as it transitions into its next phase of growth in advancing the Maverick Springs Silver-Gold Project in Nevada, USA. n conjunction with the appointment of Andrew Dornan, highly regarded corporate lawyer Shaun Hardcastle has been appointed as Sun Silver's Non-Executive Chairman. Shaun brings deep corporate governance expertise and a strong track record in managing complex corporate structures and guiding companies through periods of significant growth. Shaun has a distinguished legal career spanning 20 years, with experience across corporate, commercial and securities law as well as Non-Executive Director roles with several ASX-listed companies. Shaun is currently a Partner and the Head of Corporate for the national law firm Hamilton Locke. He is also currently a Director of RareX Limited and previously held the role of Non-Executive Director with Cygnus Metals Limited and Hawkstone Mining Ltd. The appointment of Andrew and Shaun significantly strengthens the Sun Silver leadership team and positions the Company for continued success. Both executives share a strong commitment to the Company's vision and strategy, and the Board looks forward to working with them to deliver value for shareholders. Following the appointment of Andrew Dornan and Shaun Hardcastle as Managing Director and Non- Executive Chairman respectively, Gerard O'Donovan step downs from his role as Executive Director, effective immediately, and Dean Ercegovic will transition to the role of Non-Executive Director, where he will provide continued support and oversight of the Company's strategy.
お知らせ • Nov 21Sun Silver Limited has completed a Follow-on Equity Offering in the amount of AUD 13 million.Sun Silver Limited has completed a Follow-on Equity Offering in the amount of AUD 13 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 12,903,226 Price\Range: AUD 0.62 Discount Per Security: AUD 0.0372 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 2,343,024 Price\Range: AUD 0.8 Discount Per Security: AUD 0.048 Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 3,906,976 Price\Range: AUD 0.8 Discount Per Security: AUD 0.048 Transaction Features: Subsequent Direct Listing
お知らせ • Oct 17Sun Silver Limited, Annual General Meeting, Nov 15, 2024Sun Silver Limited, Annual General Meeting, Nov 15, 2024. Location: the park business centre, 45 ventnor avenue, west perth, perth Australia
お知らせ • Sep 05US Department of Energy Selects Sun Silver Limited to Enter the Final Application Stage Under the Qualifying Advanced Energy Project Allocation Program to Receive USD 60 Million Tax CreditSun Silver Limited announced that the US Department of Energy has selected the Company to enter the final application stage under the Qualifying Advanced Energy Project Allocation Program (48C Program) to receive a USD 60 million tax credit to support the development of a Silver Paste Production Facility within the United States. Initial positive feedback has been received from the Department of Energy relating to the Company's initial submission. The Section 48C Program, administered by the Department of Energy, supports innovative energy projects that contribute to reducing greenhouse gas emissions. This federal incentive program provides a 30% investment tax credit (ITC) for qualified expenditures on advanced energy manufacturing facilities such as Sun Silver's Silver Paste Project. It aims to strengthen domestic supply chains, enhance US competitiveness in the global clean energy economy, and foster job growth in related industries. Under the IRA, advanced energy project credits can be monetised through a sale for cash, in addition to offsetting income tax liability. To realise the full credit amount, companies must meet the requirements outlined in Section 48C of the Internal Revenue Code and adhere to operational and employment plans submitted to the IRS. The Company's Silver Paste Project aligns with the objectives of the Section 48C Program by enhancing the efficiency and sustainability of solar PV cells through the production of high-quality silver paste. Silver paste accounts for up to 23% of the material cost of a photovoltaic cell (solar panel), crucial for creating electrical contacts essential in converting sunlight into electricity. As the demand for renewable energy continues to grow - particularly in the US, where solar commitments are targeted to reach 30% of the country's energy requirements by 2030 (up from 3% in 2022) - ensuring a stable and efficient supply of silver paste becomes increasingly crucial. In early May 2024, US President Joe Biden approved an increase in tariffs on Chinese solar imports from 25% to 50% to encourage further onshoring of manufacturing. This policy underscores the strategic importance of domestic production, supporting initiatives like Sun Silver's Silver Paste Project. The preliminary location for the Silver Paste facility is strategically positioned in Census Tract 9502, Elko County (Census Tract ID: 32007950200), near the Maverick Springs Project (85km south of Elko, Nevada). This location was chosen to minimise transport costs and facilitate the sharing of resources, materials and equipment between the mine, processing infrastructure and the Silver Paste facility. Elko County's well- developed infrastructure, supported by a population of over 20,000, ensures year-round access to a local skilled workforce. Section 48C is one of several funding options available from the Department of Energy. Sun Silver is actively exploring additional grant opportunities to support the Maverick Springs Project and Silver Paste Production Facility. The Company is committed to pursuing these avenues to align projects with government targets, initiatives, and mandates. In addition to pursuing investment tax credits through the Department of Energy's Section 48C program, Sun Silver is actively identifying other funding opportunities through the Department of Defence. Antimony, a critical mineral as defined by the United States Geological Survey, is a key material for supporting US national security and various defence applications. Recent work at the Maverick Springs Project has revealed anomalous results for antimony. Should these initial results prove consistent and develop into a resource of commercial scale, the Maverick Springs Project could play a crucial role in securing a reliable domestic supply of this strategic material, enhancing the USA's internal supply chain and strengthening national security. Sun Silver's cornerstone asset, the Maverick Springs Project, is located 85km from the fully serviced mining town of Elko in Nevada and is surrounded by several world-class gold and silver mining operations including Barrick's Carlin Mine.