Silver Range is a precious metals prospect generator working in Nunavut, Nevada and the Northwest Territories. It has assembled a portfolio of 45 properties, 8 of which are currently under option to others. Silver Range is actively seeking other joint venture partners to explore the high grade precious metals targets in its portfolio.
What is a Prospect Generator? The term Prospect Generator is used to describe a junior mineral exploration company that employs a particular business model and de-risking exploration approach. A Prospect Generator will stake/acquire prospective ground that they believe has significant mineral potential. Typically, initial cost-effective exploration work is completed by the Prospect Generator (geologic mapping, geophysics, geochemistry, etc.) in order to establish drill targets and further outline the opportunity. The Prospect Generator will then work to secure joint-venture partnerships to fund drilling and further exploration work on the property by offering a majority interest (usually 50-70%) in the property in exchange for cash, shares and/or committed exploration expenditures. In other words, a successful Prospect Generator leverages its intellectual capital to bring in external (partner) capital to fund work on its own properties.
What are the benefits of the Prospect Generator Model? The business of mineral exploration is inherently risky. The Prospect Generator business model works to mitigate some of that risk by exposing shareholders to the upside of mineral discoveries, while conserving capital. This allows the Prospect Generator to limit share dilution (number of shares outstanding) and increases the company's longevity. The odds of making an economically viable mineral discovery are low, and thus it makes prudent business sense to obtain partner funding for the higher-risk and higher-cost capital expenditure required to drill test prospective targets.
To view all of the properties that Silver Range Resources is affiliated with please see the Power Point Presentation below:
Silver Range Resources is a publicly traded company listed on the TSXV under the ticker symbol SNG. If you are a U.S resident and would like to purchase Canadian securities traded on the TSXV or CSE please open an account at Interactive Brokers (Phone #1-877-442-2757 ) Interactive Brokers is an online discount brokerage that offers U.S residents access to trading Canadian securities. Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities and foreign exchange around the clock on over 135 markets in numerous countries and currencies from a single Integrated Investment Account to customers worldwide. This is not investment advice. Please view the disclaimer found on this website.