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Advance Metals

Silver explorer, with a project stated to be in Chihuahua, Mexico.

Chihuahua · Mexico — as stated on the recordings

explorer silver Chihuahua, Mexico
Jul 2026Covered
7 of 10Topics on record
1 executiveNamed on the record
Stage
Explorer
Primary commodity
Silver
Jurisdiction
Chihuahua, Mexico
Deposit
low sulfidation epithermal vein system
Latest appearance
08 Jul 2026
On record
1 interview · 17 statements · 1 executive

At a glance

What the record holds today. Every card names where it came from — a management representation is not an established fact, and the page never blurs the two.

What is in the ground
22.4 million ounces of silver equivalent
Management-stated Adam McKinnon Jul 2026
Money on hand
$13 million private placement in early October 2025
Management-stated Adam McKinnon Jul 2026
What happens next
additional drill results through the balance of 2026 and a potential resource update later this year
Management-stated Adam McKinnon Jul 2026
The main open question
The company has raised only $13 million (October 2025) against a $17.5 million market cap, with 37% dilution ahead from 285 million options and unlisted securities.
Weighed from the statements below, not our opinion of the company.
Our reading

Management view vs outside view

Management interviews are promotional by nature; the outside view is the counterweight. Both are quoted from the recordings, not added by us.

What management spends its time on

Counted from Advance Metals's own claims across 1 interview — most-covered theme first.

What outside voices pick up on

No independent commentary on record yet — so far the page carries only the company's own voice.

Bull · Bear · Watch next

Weighed from the statements on this page — management's pitch and the outside view. Not financial advice, and not our opinion of the company.

▲ Bull case

Management says the project holds 33 million ounces of silver equivalent (70% silver by value) in a classic low-sulfidation epithermal setting in Mexico's Sierra Madre belt.

What it rests on
Evidence: 2 moments from 1 interview
Read the full case

Management says the project holds 33 million ounces of silver equivalent (70% silver by value) in a classic low-sulfidation epithermal setting in Mexico's Sierra Madre belt. The team has deep geological expertise, completed maiden diamond drilling this year, and plans additional stepout results through 2026 with a resource upgrade later this year—a clear near-term catalyst for re-rating.

▼ Bear case

The company has raised only $13 million (October 2025) against a $17.5 million market cap, with 37% dilution ahead from 285 million options and unlisted securities.

What it rests on
Evidence: 2 moments from 1 interview
Read the full case

The company has raised only $13 million (October 2025) against a $17.5 million market cap, with 37% dilution ahead from 285 million options and unlisted securities. The resource is inferred-stage only, still requiring conversion to Australian standards (planned late 2026), and no independent outside perspective exists to validate the exploration thesis or timeline credibility.

◆ Watch next

Delivery of additional drill results through 2026, the timing and scope of the resource update claimed for later this year, successful conversion to a compliant JRC resource standard by late 2026, and whether stepout drilling and resampled…

What it rests on
Evidence: 2 moments from 1 interview
Read the full case

Delivery of additional drill results through 2026, the timing and scope of the resource update claimed for later this year, successful conversion to a compliant JRC resource standard by late 2026, and whether stepout drilling and resampled historic core tighten or loosen the geological model.

Each moment links to the exact point in the source recording. The cases are drawn from the transcripts, weighed as written — they are not a rating, a target or a recommendation.

Project 8 statements

The deposit 4

Key takeaway. Management describes the deposit as a low sulfidation epithermal vein system, with an estimated resource of 33 million ounces of silver equivalent.

Read the full summary

The company also reports a resource of 22.4 million ounces of silver equivalent (these two figures come from different statements). Silver accounts for about 70% of that equivalent based on the contained metal values, according to management.

What was actually said
deposit type
low sulfidation epithermal vein system
“this is, as you might expect for this part of the world, a low sulfidation epiothermal vein system”
Adam McKinnon· 08 Jul 2026·
exploration upside
silver accounts for about 70% of that equivalent based on the contained metals values
“silver accounts for about 70% of that um equivalent based on the contained metals values”
Adam McKinnon· 08 Jul 2026·
resource size
22.4 million ounces of silver equivalent
“Gavilanis carries a foreign estimate of 22.4 4 million ounces of silver equivalent”
Adam McKinnon· 08 Jul 2026·
Show the other 1 statement
resource size
33 million ounces of silver equivalent
“they've reported an inferred resource of 33 million ounces of silver equivalent in April of 2026”
Adam McKinnon· 08 Jul 2026·

Jurisdiction 3

Key takeaway. Management states that the company's projects are located in Australia and in Mexico, specifically about 210 km southwest of Chihuahua within the Sierra Madre volcanic belt.

What was actually said
country
Australia
“Advanced Metals, as I mentioned, it's an Aussie company”
Adam McKinnon· 08 Jul 2026·
country
Mexico
“at least 33 million ounces of silver equivalent in Mexico, together with advanced medals”
Adam McKinnon· 08 Jul 2026·
region
roughly 210 km southwest of Chihuahua in Mexico Sierra Madre volcanic belt
“located roughly 210 km southwest of Chihuahua in Mexico Sierra Madre volcanic belt”
Adam McKinnon· 08 Jul 2026·

Technical risk 1

What was actually said
key assumption
stepout drilling to test extensions along strike and at depth while resampling historic core
“The team is currently running stepout drilling to test extensions along strike and at depth while resampling some of the historic core to tighten the geological model”
Adam McKinnon· 08 Jul 2026·

Economics 1 statement

Financing 1

What was actually said
cash position
$13 million private placement in early October 2025
“The last time Advance raised money was in early October in 2025. They completed a $13 million uh dollar private placement”
Adam McKinnon· 08 Jul 2026·

Timeline 4 statements

Timeline 4

Key takeaway. Management reports that the company completed an inferred resource in April 2026 and started maiden diamond drilling earlier this year to test extensions.

Read the full summary

Looking ahead, they say additional drill results are expected through the balance of 2026, with a potential resource update later this year, and they hope to complete a conversion to a JRC resource later in 2026 as well.

What was actually said
catalyst
additional drill results through the balance of 2026 and a potential resource update later this year
“The main near-term catalyst for this project are additional drill results through the balance of 2026 and a potential resource update later this year”
Adam McKinnon· 08 Jul 2026·
milestone
inferred resource reported in April of 2026
“they've reported an inferred resource of 33 million ounces of silver equivalent in April of 2026”
Adam McKinnon· 08 Jul 2026·
milestone
maiden diamond drilling started earlier this year to test extensions
“maiden diamond drilling started earlier this year to test extensions ahead of a planned conversion”
Adam McKinnon· 08 Jul 2026·
Show the other 1 statement
milestone
planned conversion to JRC resource hopefully later in 2026
“So again, it's a foreign estimate. So they have to converted to Aussie standards to a j resource hopefully later in 2026”
Adam McKinnon· 08 Jul 2026·

Corporate 4 statements

Management 2

Key takeaway. Management highlights that the team's technical lead holds a PhD in chemistry with a focus on oxide zone geochemistry and has worked in the Cobar Basin for nearly 20 years.

Read the full summary

The company also notes that its executive director sits on the board of Australian Gold and Copper, which recently made a significant discovery.

What was actually said
team experience
executive director on board of Australian Gold and Copper with recent significant discovery
“Still have exposure to Cobra actually not in this particular role but I'm a I'm not an executive director on a board of another company called Australian Gold and Copper which has um which actually has some very nice assets and a and a recent significant discovery silver and base metals”
Adam McKinnon· 08 Jul 2026·
track record
PhD in chemistry with focus on oxide zone geochemistry, worked in Cobar Basin for nearly 20 years
“I um have a PhD in chemistry and while I was doing that chemistry degree, I got interested in the chemistry of minerals. Um so um I've worked on and off in that particular particular region for nearly 20 years now”
Adam McKinnon· 08 Jul 2026·

Share structure 2

Key takeaway. Regarding share structure, management reports little under 479 million shares outstanding.

Read the full summary

Additionally, the company states there are 158 million listed options outstanding and 127 million unlisted securities.

What was actually said
options
158 million listed options outstanding and 127 million unlisted securities
“There are 158 million listed options outstanding and 127 million unlisted securities which combined represent about 37% of the fully diluted 767 million shares”
Adam McKinnon· 08 Jul 2026·
shares outstanding
little under 479 million shares outstanding
“with a little under 479 million shares outstanding and a 17.5 million Aussie dollar market cap today”
Adam McKinnon· 08 Jul 2026·

Sources 1 interview

Every interview 1

DateChannelInterviewStatements
08 Jul 2026 Resource Talks High-Grade Silver in Mexico, But Can it Become a Meaningful Resource? | Advance Metals CEO Interview 17

What else those interviews covered

Every other asset named in the same recordings, by how many of them named it — the company's coverage context, not its holdings. Where the name is another company we hold a record for, it links to it.

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Questions people ask

What is Advance Metals's project and where is it?

Advance Metals is a explorer silver company, with a project stated to be in Chihuahua, Mexico. Everything here is drawn from its executives' own interviews.

Which interviews mention Advance Metals?

We track 1 interview mentioning Advance Metals, across 1 channel (Resource Talks).

What are investors saying about Advance Metals?

No independent commentary is on record yet — so far the page carries only the company's own voice.

What do recent interviews with Advance Metals cover?

The most-discussed topics on record are the deposit, timeline, jurisdiction, management — each claim quoted and dated in the sections above.

How to read this page

What is here

Statements made by company representatives in the interviews listed above — each one carrying the words that made it, the date, and the recording. Nothing is added from any other source: if it was not said on a recording, it is not on this page. The one exception lives in the Claims & Checks record, which cites a metal price from our own feed so a stated cost can be set against it — and labels it as ours wherever it appears.

What is not verified

All of it. Resource figures, economics, timelines and promotional framing are management's own representations, checked against no filing and no technical report. Transcripts are automatic; we repair a clearly mis-heard word but never a number, a date, a unit or a speaker's hedge — “about 8.6 million ounces” keeps its “about”.

How to use it

Treat it as a map of what has been said, not as a source of fact. Where a figure matters to you, open the recording and read the company's filings. Nothing here is financial advice, a recommendation, or an offer to buy or sell any security — these are interested parties discussing their own company.

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