Silver Hammer Mining Corp. (CSE: HAMR; OTCQB: HAMRF; FWB: 7BW0) has released a combined exploration and corporate update covering field programs at its Eliza and Silver Strand projects, a geophysical survey under evaluation at Fahey, and the status of its proposed amalgamations with Stroud Resources Ltd. and SilverMark Resources Inc. Assay results from both Nevada and Idaho sampling programs remain pending at Bureau Veritas. The company continues to target closing of the amalgamations in the fourth quarter of 2026, contingent on a concurrent brokered private placement led by Red Cloud Securities Inc.

Key Points

  • Silver Hammer Mining Corp. (CSE: HAMR; OTCQB: HAMRF; FWB: 7BW0) is a Vancouver-based silver exploration company operating in Nevada and Idaho.
  • A total of 454 samples were collected at the Eliza Silver Project in Nevada; assays are pending from Bureau Veritas.
  • A private placement of SilverMark subscription receipts targets minimum gross proceeds of C$7.0 million and maximum gross proceeds of C$10.0 million, with closing expected on or about November 30, 2026.
  • Investors may be watching for receipt of assay results from both Eliza and Silver Strand, as these will guide upcoming drill programs.

Eliza and Silver Strand Sampling Programs Completed, Assays Awaited

Silver Hammer completed its summer field program at the 100%-owned Eliza Silver Project in White Pine County, Nevada, in late August 2026. The program collected 454 samples — 396 soil samples across the New Western Au-Ag Anomaly area and 58 rock samples from five identified showings — submitted to Bureau Veritas for analysis. At the 100%-owned Silver Strand past-producing silver mine in Kootenai County, Idaho, the company completed geological mapping, prospecting, and a rock and soil sampling program. Results from both properties are pending, and the company states they will inform its assessment before any drilling commences.

Silver Strand Five-Hole Drill Program Planned Subject to Assay Review

Silver Hammer is planning an initial five-hole, 750-metre drill program at Silver Strand, as previously announced on September 14, 2026, subject to weather conditions, contractor availability, and review of pending assay results. The permitted Plan of Operations allows expansion to up to eight holes and 2,438 metres of drilling if warranted. At the Fahey Silver Project within Idaho's Coeur d'Alene Mining District — where the company holds an option to earn up to a 100% interest — a TITAN 24 DCIP and Magnetotelluric geophysical survey proposal has been requested and is under evaluation to help define subsurface structures ahead of future drilling.

Shareholder Approval Secured for Stroud and SilverMark Amalgamations

On September 28, 2026, shareholders of Silver Hammer and Stroud Resources overwhelmingly approved the proposed amalgamations; SilverMark shareholders approved prior to that date. The parties have extended the termination-election date from November 30, 2026, to January 31, 2027. Concurrently, Silver Hammer agreed to advance C$200,000 to Stroud on an interest-free basis, which is not repayable if the transaction does not close by January 31, 2027, unless the failure is attributable to Stroud. The subscription receipt escrow release deadline is set at January 31, 2027. Upon completion, the portfolio would expand to include projects in Mexico and Morocco.