Silver Hammer Mining Corp. (CSE: HAMR | OTCQB: HAMRF | FSE: 7BW0) and Stroud Resources Ltd. (TSXV: SDR) announced that shareholders of both companies have overwhelmingly approved the proposed amalgamation of Silver Hammer, Stroud, and SilverMark Resources Inc. to create a new entity named Silver Frontier Resources Corp. The votes were conducted at annual and special meetings, with each resolution receiving support well above 90% of votes cast. The approvals mark a significant milestone for the transaction, though completion remains subject to additional closing conditions, including a previously announced brokered subscription receipt financing.

Key Points

  • Silver Hammer Mining Corp. (CSE: HAMR | OTCQB: HAMRF) and Stroud Resources Ltd. (TSXV: SDR) jointly announced shareholder approval of the amalgamation
  • Shareholders of both companies approved the amalgamations to form Silver Frontier Resources Corp., with Silver Hammer's amalgamation resolution receiving 96.88% in favour
  • Stroud's amalgamation resolution received 99.999% in favour, including majority-of-the-minority approval as required under MI 61-101; 43,864,154 Silver Hammer shares and 43,923,830 Stroud shares were represented at their respective meetings
  • Investors should watch for completion of the brokered subscription receipt financing and satisfaction of remaining closing conditions

Silver Hammer Shareholder Vote Results and Board Approvals

At the Silver Hammer meeting, 43,864,154 common shares were represented, equating to approximately 31.35% of issued and outstanding shares as of the record date. The amalgamation resolution passed with 96.88% in favour, and the Contingent Value Share Resolution received 96.76% support. All four director nominees were re-elected with more than 99% approval each. The 2026 Omnibus Equity Incentive Compensation Plan was approved with 93.99% in favour, and Manning Elliott LLP was reappointed as auditor with 98.89% support, reflecting broad shareholder confidence in the company's governance and proposed strategic direction.

Stroud Resources Minority Approval Clears Key Regulatory Threshold

At the Stroud meeting, 43,923,830 common shares — representing approximately 69.037% of the 63,623,199 shares outstanding as of the August 25, 2026 record date — were voted by proxy. The Stroud amalgamation resolution received 99.999% support. Importantly, the transaction also required minority approval under Multilateral Instrument 61-101. After excluding shares beneficially owned or controlled by specified insiders, the resolution passed on a majority-of-the-minority basis with 99.993% in favour from 6,349,935 votes, with only 452 votes against, satisfying the additional regulatory requirement.

Expanded Silver Portfolio Anchors the Silver Frontier Vision

Upon completion of the amalgamations, the combined Silver Frontier Resources Corp. will hold Silver Hammer's three existing U.S. silver exploration properties in Idaho and Nevada, plus the advanced Santo Domingo Silver-Gold Project in Jalisco State, Mexico, contributed through Stroud, and an indirect interest in Moroccan projects including the Akka Mine Silver and Polymetallic Project held through SilverMark. The release states the combination is intended to create a larger, more diversified, and better-capitalised silver-focused company. The amalgamations remain subject to closing conditions, including completion of the previously announced brokered subscription receipt financing.