Reported Earnings • May 28
First quarter 2025 earnings released: US$0.074 loss per share (vs US$0.17 loss in 1Q 2024) First quarter 2025 results: US$0.074 loss per share (improved from US$0.17 loss in 1Q 2024). Net loss: US$236.1k (loss narrowed 58% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 31% per year whereas the company’s share price has fallen by 32% per year. Announcement • May 07
Silver Storm Mining Ltd. (TSXV:SVRS) entered into an agreement to acquire Till Capital Corporation (TSXV:TIL) for CAD 5.8 million. Silver Storm Mining Ltd. (TSXV:SVRS) entered into an agreement to acquire Till Capital Corporation (TSXV:TIL) for CAD 5.8 million on May 5, 2025. The arrangement is expected to result in the issuance, to each Till Shareholder, approximately 15.874 Silver Storm Units for each Till Share held by such holder immediately prior to the closing of the Transaction, subject to certain closing adjustments. The agreement contains a customary break fee of $400,000 (CAD 0.5511 million) plus certain expenses and is payable to a non-breaching party. Following completion of the transaction, Till Shares will be de-listed from the TSXV and Till will cease to be a reporting issuer under Canadian securities laws. The Transaction has been unanimously approved by the boards of directors of Silver Storm and Till including, in the case of Till, following the recommendation of the special committee. The Till board of directors is unanimously recommending that Till shareholders vote in favour of the transaction. The completion of the transaction is subject to a number of terms and conditions, including without limitation the following: (a) acceptance by the TSXV; (b) approval of the British Columbia Supreme Court; (c) there being no material adverse changes in respect of Till; and (d) other standard conditions of closing for a transaction of this nature. There can be no assurance that all the necessary approvals will be obtained or that all conditions of closing will be satisfied. The Transaction is subject to approval at a special meeting of Till shareholders by (i) 66 2/3 percent of the votes cast by Till shareholders, and (ii) if required, a simple majority of the votes cast by the Till shareholders, excluding the votes cast by certain persons as required by MI 61-101 Protection of Minority Securityholders in Special transactions.
Peterson McVicar LLP acted as Silver Storm's legal advisor. Ventum Financial Corp. acted as financial advisor and has provided a fairness opinion to Till. Stikeman Elliott LLP acted as Till's legal advisor. Reported Earnings • Nov 17
Third quarter 2024 earnings released: US$0.048 loss per share (vs US$0.25 loss in 3Q 2023) Third quarter 2024 results: US$0.048 loss per share (improved from US$0.25 loss in 3Q 2023). Net loss: US$152.6k (loss narrowed 81% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance. 
