Silver Hammer Mining Corp. (CSE: HAMR; OTCQB: HAMRF; FWB: 7BW0) and Stroud Resources Ltd. (TSXV: SDR) announced on September 28, 2026 that shareholders of both companies have overwhelmingly approved the proposed amalgamation of Silver Hammer, Stroud, and SilverMark Resources Inc. to form Silver Frontier Resources Corp. The amalgamation resolution passed with 96.88% support at the Silver Hammer meeting and 99.999% at the Stroud meeting. The transaction remains subject to additional closing conditions, including completion of a previously announced brokered subscription receipt financing. Investors may be watching for further updates as the companies work toward finalising the combination.

Key Points

  • Silver Hammer Mining Corp. (CSE: HAMR; OTCQB: HAMRF; FWB: 7BW0) and Stroud Resources Ltd. (TSXV: SDR)
  • Shareholders of both companies voted overwhelmingly to approve the three-way amalgamation of Silver Hammer, Stroud, and SilverMark Resources Inc. to create Silver Frontier Resources Corp.
  • Silver Hammer amalgamation resolution received 96.88% FOR; Stroud's special resolution received 99.999% FOR, with minority approval also secured under MI 61-101
  • Closing remains conditional on completion of the previously announced brokered subscription receipt financing and other conditions

Shareholder Votes at Silver Hammer and Stroud Annual and Special Meetings

At the Silver Hammer annual and special meeting, a total of 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 carried with 96.88% of votes cast in favour, while the Contingent Value Share Resolution received 96.76% support. Governance resolutions also passed with strong majorities: auditor appointment secured 98.89% support, and the 2026 Omnibus Equity Incentive Compensation Plan received 93.99% approval. All four director nominees were re-elected with more than 99% of votes cast in favour.

Stroud Minority Approval and Near-Unanimous Board Endorsement

At the Stroud meeting, 43,923,830 common shares were represented by proxy, representing approximately 69.037% of the 63,623,199 shares outstanding as at the August 25, 2026 record date. The Stroud amalgamation special resolution passed with 99.999% of votes in favour. Critically, the transaction also obtained the required minority approval under Multilateral Instrument 61-101, with 99.993% of eligible minority votes cast in favour after excluding shares controlled by related parties. Each matter voted on at the Stroud meeting was approved by more than 99% of votes cast.

Combined Silver Frontier Portfolio Across the Americas and Morocco

Upon completion, Silver Frontier Resources Corp. will hold Silver Hammer's existing U.S. silver properties in Idaho and Nevada, as well as the advanced Santo Domingo Silver-Gold Project in Jalisco State, Mexico, contributed through Stroud. The combined entity will also hold an indirect interest in Moroccan projects including the Akka Mine Silver and Polymetallic Project. The release states that the expanded portfolio is intended to create a larger, more diversified, and well-capitalised silver company, though the timeline to closing was not specified beyond the outstanding conditions.