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Aftermath Silver

Silver developer, with a project stated to be in Peru.

NonePeru — as stated on the recordings

developer silver NonePeru
Feb 2026 → Jun 2026Covered
7 of 10Topics on record
1Figures tracked over time
2 executivesNamed on the record
Generate Claims & Checks What management and commentators said, and what still needs independent verification 4 interviews with the company · 6 independent recordings
Stage
Developer
Primary commodity
Silver
Jurisdiction
Peru
Deposit
manganese and critical metals/rare earths
Latest appearance
29 Jun 2026
On record
4 interviews · 23 statements · 2 executives

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
224 million ounces of silver at Baron Gielin measured and indicated, further 20 million inferred
Management-stated Michael Williams Jun 2026
Grade
High-grade silver zone with 90-95% of infill holes hitting; eastern flank 157 m of 1.12% copper, 290 g of silver; skarn target up to 2% copper at surface and samples at 0.05
Management-stated Michael Williams Jun 2026
What happens next
meetings arranged with Pentagon and Department of Energy
Management-stated Michael Williams Jun 2026
The main open question
The company has not yet finalized a production plan, with a pre-feasibility study due Q1 next year and permitting timelines stretched to 2.5 years.
Weighed from the statements below, not our opinion of the company.
Our reading
How outsiders read it
4 independent voices on record — 9 constructive, 1 neutral, 1 cautious
John Feneck, Derek Iwanaka, Don Durett, Rick Rule
Outside voices

How the stated figures have moved

The same figure, as management put it on the earliest and the latest recording we hold. A difference may be a genuine update, a different measure of the same thing (total against indicated), or a mis-heard number — both quotes are here, and both recordings are one click away.

Study due ? Wording changed No comparable date in one of the two statements 2 statements on record
02 Jun 2026
Pre-feasibility study completion Q1 of next year, before end of February
“We'll have our pre-feas out Q1 of next year. I'd like to have it out before the big mining show in Canada, PDAC. So, before the end of February.”
25 Jun 2026
pre-feasibility study target completion first quarter of next year, hopefully January
“The target is to have the pre fees completed by first quarter of next year hopefully January.”

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 Aftermath Silver's own claims across 4 interviews — most-covered theme first.

What outside voices pick up on

4 independent voices — people who do not speak for the company — across 12 mentions.

9 constructive 1 neutral 1 cautious
  • John Feneck “John highlights its large silver-equivalent resource and strategic ownership as attractive.”
  • Derek Iwanaka “Referenced as the company that pioneered silver-manganese metallurgical processing; Prince Silver is using the same lab. Not an in…”
  • Don Durett “He cites it as a red-flag example because management did not yet have a production plan.”
  • Rick Rule “He says he does not have comments.”

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 claims a 224-million-ounce silver deposit with 90-95% hit rates on infill drilling, plus copper and manganese co-products, backed by an advisory board of retired three-star generals and ambassadors.

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

Management claims a 224-million-ounce silver deposit with 90-95% hit rates on infill drilling, plus copper and manganese co-products, backed by an advisory board of retired three-star generals and ambassadors. An outside investor notes the asset is deeply undervalued versus silver-equivalent comparables and that Eric Sprott's 24% ownership is a strong vote of confidence.

▼ Bear case

The company has not yet finalized a production plan, with a pre-feasibility study due Q1 next year and permitting timelines stretched to 2.5 years.

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

The company has not yet finalized a production plan, with a pre-feasibility study due Q1 next year and permitting timelines stretched to 2.5 years. Management admits getting manganese to market requires 18–24 months of testing before off-takes materialize, and a bearish observer flags the absence of a concrete production roadmap as a red flag.

◆ Watch next

Pre-feasibility study completion by Q1 next year (target January–February) will test the deposit economics.

What it rests on
Evidence: 3 moments from 3 interviews
Read the full case

Pre-feasibility study completion by Q1 next year (target January–February) will test the deposit economics. Drilling of two regional targets begins next month, with a skarn showing up to 2% copper at surface. US government interest in Western Hemisphere manganese sourcing and implied 2029 production timeline are catalysts, though that date is described as "a bit of a push."

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 10 statements

The deposit 7

Key takeaway. Management describes the deposit as a carbonate replacement deposit with co-products copper, silver, and manganese, also noting it hosts manganese and critical metals/rare earths.

Read the full summary

The company reports 224 million ounces of silver at Baron Gielin in measured and indicated resources, with a further 20 million ounces inferred. On exploration upside, management points to a high-grade silver zone where 90–95% of infill holes have hit, an eastern flank that returned 157 m of 1.12% copper and 290 g of silver, a skarn target 4 km away with up to 2% copper at surface, and a target about 3–4 miles southwest of the main deposit.

What was actually said
deposit type
manganese and critical metals/rare earths
“we would like to process our manganese in the United States”
Michael Williams· 29 Jun 2026·
exploration upside
another target to the southwest of the project, about 3 or 4 miles south west of the main deposit
“We also have another target to to the southwest of the project, about about 3 or 4 miles to the south west of the main.”
Ralph Rushton· 25 Jun 2026·
exploration upside
historical hit about 150-156m depth, about 1.1% copper and about 290 silver, high grade copper target to the eastern side
“We've got a historical hit there about 150, 156m, about 1.1 copper and about 290 silver”
Ralph Rushton· 25 Jun 2026·
Show the other 4 statements
deposit type
Carbonate replacement deposit with co-products copper, silver, and manganese
“The majority of the holes are into the carbonate replacement deposit. We're now source searching for the source that caused that deposit to be formed.”
Michael Williams· 02 Jun 2026·
exploration upside
Testing two regional targets: a skarn 4 km away with up to 2% copper at surface and samples at 0.05 above chargeability anomaly; eastern flank showing 157 m of 1.12% copper, 290 g of silver, 8 oz of silver and 7% manganese
“One is a skarn that's uh about Let's use Canadian terms, 4 km away. We're seeing in sampling, you know, up to 2% of copper at surface and a lot of samples at 0.05 sitting above chargeability anomaly.”
Michael Williams· 02 Jun 2026·
grade
High-grade silver zone with 90-95% of infill holes hitting; eastern flank 157 m of 1.12% copper, 290 g of silver; skarn target up to 2% copper at surface and samples at 0.05
“we just put out some infill drilling on uh was a high-grade silver zone. Um we're hitting on 90% of our infill holes or 95%.”
Michael Williams· 02 Jun 2026·
resource size
224 million ounces of silver at Baron Gielin measured and indicated, further 20 million inferred
“we have 224 million oz of silver at Baron Gielin measured and indicated further 20 million inferred.”
Michael Williams· 02 Jun 2026·

Jurisdiction 2

Key takeaway. Management of Aftermath Silver says the company operates in Peru and the United States (as of June 2026).

What was actually said
country
Peru
“We're in southern Peru. We fit that perfectly.”
Michael Williams· 29 Jun 2026·
country
United States
“They're interested in our manganese because they want to have sources in the Western Hemisphere. I was just meeting with the US government.”
Michael Williams· 02 Jun 2026·

Technical risk 1

What was actually said
key assumption
Manganese product requires 18 to 24 months of testing for electrical vehicle applications before off-takes come on stream
“you need probably 18 to 24 months of testing. The because of our silver, while we're waiting for those off-takes to come on stream, we can bump up the silver production.”
Michael Williams· 02 Jun 2026·

Economics 1 statement

Economics 1

What was actually said
price assumption
processing facility planned in southern United States
“right now we're looking at one of the southern states for a processing facility”
Michael Williams· 29 Jun 2026·

Timeline 8 statements

Timeline 7

Key takeaway. Management said the pre-feasibility study was targeted for completion in the first quarter of next year, hopefully January but before the end of February, and was about a week behind schedule but on budget as of June 2026.

Read the full summary

The company assumes about two and a half years to accomplish permitting and secure the supply chain. Asked by the US government whether it could be in production by 2029, management said that would likely be a bit of a push, though copper and silver could potentially be produced by 2029, with manganese production several years beyond that.

What was actually said
key assumption
two and a half years to accomplish permitting and secure supply chain
“we've got two and a half years to accomplish it or get our ducks in a row. Given that administrations change.”
Michael Williams· 29 Jun 2026·
milestone
pre-feasibility study probably about a week behind schedule but on budget
“We are on schedule, probably about a week behind where we plan to be, and so far we're on budget with it.”
Ralph Rushton· 25 Jun 2026·
milestone
90 hole over 15,000 meter program, final 15 holes completed as phase 3
“This covered the final 15 holes from a 90 hole over 15,000 meter program.”
Ralph Rushton· 25 Jun 2026·
Show the other 4 statements
study due
pre-feasibility study target completion first quarter of next year, hopefully January
“The target is to have the pre fees completed by first quarter of next year hopefully January.”
Ralph Rushton· 25 Jun 2026·
first production
Asked by US government if could be in production by 2029, but likely will be a bit of a push. Copper and silver potentially by 2029, manganese several years beyond that
“the US government, could we be in production by 2029? Maybe, I think it'll be a bit of a push. Uh, certainly we could be producing copper and silver. Manganese might take several years beyond that.”
Michael Williams· 02 Jun 2026·
milestone
Drill testing two regional targets; initial 2,500 m drilling on skarn target next month, then ramp up if hit; total full program approximately 5,000 m excluding geotechnical holes
“We're going to test two regional targets. That needs to be drill tested. And it will be next month.”
Michael Williams· 02 Jun 2026·
study due
Pre-feasibility study completion Q1 of next year, before end of February
“We'll have our pre-feas out Q1 of next year. I'd like to have it out before the big mining show in Canada, PDAC. So, before the end of February.”
Michael Williams· 02 Jun 2026·

Catalysts 1

What was actually said
upcoming decision
meetings arranged with Pentagon and Department of Energy
“They set up meetings for us in the Pentagon, Department of Energy.”
Michael Williams· 29 Jun 2026·

Corporate 4 statements

Management 4

Key takeaway. Management highlights the company's track record, noting that its advisory board includes two retired three-star U.S.

Read the full summary

Marine generals and a former ambassador to Venezuela, Colombia and Afghanistan, and that its main project engineer is DRA, a South African firm with an office in Peru. The company reports it picked up its Barsele flagship project 5.5 years ago after negotiating with SSR Mining, and says Eric Sprott is its biggest shareholder.

What was actually said
track record
advisory board includes two retired three-star U.S. marine generals and former ambassador to Venezuela, Colombia and Afghanistan
“essentially is two retired three star U.S. marine generals and a former ambassador to Venezuela, Colombia and Afghanistan”
Michael Williams· 29 Jun 2026·
track record
main project engineer is DRA out of South Africa with office in Peru
“The main project engineer is DRA out of South Africa and their office in Peru.”
Ralph Rushton· 25 Jun 2026·
insider ownership
Eric Sprott is biggest shareholder
“My biggest shareholder though, Eric Sprott, I I think Eric would sit here in this chair and tell you, "Hey, I silver's going to be $250 in 2 years."”
Michael Williams· 02 Jun 2026·
Show the other 1 statement
track record
Picked up Barsele flagship project 5.5 years ago; negotiated with SSR Mining
“when I uh picked up Barsele our flagship project for five five and a half years ago now, the price of silver, I remember it was $17. When we closed the negotiations with uh SSR Mining”
Michael Williams· 02 Jun 2026·

Outside views 12 mentions

12 mentions by people who do not speak for the company — 9 constructive, 1 cautious, 1 neutral. These are their views, not the company's.

John Feneck
bullish
John highlights its large silver-equivalent resource and strategic ownership as attractive.
Commodity Culture· 16 Apr 2026·
Derek Iwanaka
neutral
Referenced as the company that pioneered silver-manganese metallurgical processing; Prince Silver is using the same lab. Not an investment recommendation but a relevant peer/analogue.
Crux Investor· 09 Mar 2026·
John Feneck
bullish
He cites the financing and says the dip was quickly bought.
The Deep Dive· 30 Dec 2025·
Derek Iwanaka
bullish
Used as the main valuation and geological comp; management aspires to a similar resource scale.
Natural Resource Stocks· 16 Dec 2025·
Show the other 8 mentions
John Feneck
bullish
He says the recent correction from 81 cents to 52 cents is a buying opportunity.
Investing News· 02 Nov 2025·
John Feneck
bullish
He calls it his largest holding and argues it is deeply undervalued versus silver-equivalent comparisons.
The Deep Dive· 24 Sep 2025·
John Feneck
bullish
He says he has repeatedly highlighted it, it has 140 million ounces in the ground, and Sprott owns 24%.
Investing News· 14 Sep 2025·
John Feneck
bullish
He bought more after hearing the team discuss sizable silver ounces and strong asset potential.
Commodity Culture· 13 Sep 2025·
Don Durett
bearish
He cites it as a red-flag example because management did not yet have a production plan.
MiningStockEducation.com· 28 Jul 2025·
John Feneck
bullish
He says he has been a long-term holder and likes the manganese and copper optionality.
Investing News· 17 Jul 2025·
Rick Rule
unclear
He says he does not have comments.
In it to Win it· 14 Jun 2025·
John Feneck
bullish
He has been accumulating it, likes the manganese angle, and sees the recent pullback as temporary.
Investing News· 12 May 2025·

Sources 4 interviews

Every interview 4

DateChannelInterviewStatements
29 Jun 2026 Proactive Investors Aftermath Silver adds strategic U.S. advisory board to advance Berenguela critical minerals project 6
25 Jun 2026 Proactive Investors Aftermath Silver advances Berenguela starter pit plans with final phase 3 drill results 6
02 Jun 2026 The Deep Dive Silver at $75, and This Project Has 224 Million Ounces | Michael Williams - Aftermath Silver 11
11 Feb 2026 David Lin Silver Going To $200: CEO Says Market Is 'Just Getting Started' | Michael Williams No claims identified

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.

copper 4
manganese 4
silver 3
chiaakoyo 1
chile 1
berenguela project 1
dra 1
jp morgan 1

Questions people ask

What is Aftermath Silver's project and where is it?

Aftermath Silver is a developer silver company, with a project stated to be in Peru. Everything here is drawn from its executives' own interviews.

Which interviews mention Aftermath Silver?

We track 4 interviews mentioning Aftermath Silver, across 3 channels (David Lin, Proactive Investors, The Deep Dive).

What are investors saying about Aftermath Silver?

12 independent voices — people who do not speak for the company — are on record discussing it (9 bullish, 1 neutral, 1 cautious). Their reasoning is quoted in the outside-view section above.

What do recent interviews with Aftermath Silver cover?

The most-discussed topics on record are the deposit, timeline, management, jurisdiction — 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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