Abrasilver Resource Corp

AbraSilver Resource Corp. is an Argentine-Canadian company listed on the Toronto Venture Exchange (TSX-V.ABRA). The company was set-up with seed capital from investors in Argentina, Australia, Canada, and the US, and is the resulting issuer from the RTO of Angel Bioventures Inc by Huayra Minerals Corporation. Huayra was created around the Argentine assets of Canadian explorer Meryllion Resources Corporation who sold off these assets to its Argentine management team when they exited Argentina in 2015. These assets comprised the Cerro Amarillo Cu-(Mo-Au) porphyry project in Mendoza Province and the Samenta Cu-Mo porphyry project in Salta. Huayra subsequently acquired SSR Mining Inc.’s Diablillos Ag-Au deposit (1.9m oz AuEq or 135m oz AgEq) in Salta in 2016 as well as the Aguas Perdidas epithermal Au-Ag project in Chubut Province. In late 2016, Huayra and Angel signed a merger agreement and proceeded with the process of having the merger approved by the TSX-V. An Argentine-Canadian company has distinct competitive advantages over foreign-owned mining companies, particularly in view of the prevalence of “resource nationalism” in South America in general and Argentina in particular. Moreover, changes in the mining industry and the realization that the “junior mining” model needs to make considerable adjustments to gain national and local community acceptance, indicates that a different, shared approach requiring a broader participation in the risks as well as the significant rewards inherent in the mining industry is needed. AbraPlata believes that, with the participation of local capital as well as resident national management, the company is working towards these operating objectives. And the company name endeavours to reflect this. The name embodies “openness” with respect to its dealings with all stakeholders, including local communities, provincial and federal governments, employees, shareholders, and regulatory bodies.