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Silver Dollar exercises option to acquire 75% stake in the US Ranger-Page project
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Release time：2025-08-22
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According to the agreement, Silver Dollar paid the option holder 250,000 USD (347,480 CAD) and spent over 1.21 million USD on exploration expenses on the property.
Silver Dollar Resources has exercised its option to acquire the initial 75% interest in the Government Gulch portion of the Ranger-Page project in Shoshone County, Idaho, USA. This is the first option under the Government Gulch option and joint venture agreement terms.
In July 2024, Silver Dollar, through its subsidiary, signed an asset purchase agreement with Silver Valley Metals and its subsidiary North Idaho Metals to acquire the rights, ownership, and interests of the Ranger-Page project assets. The project covers the option rights under the Government Gulch Option and Joint Venture Agreement, as well as the Page Mine Lease and Option Agreement. The acquisition of the Ranger-Page project was completed in August 2024. Under the Government Gulch option and joint venture agreement, Silver Dollar paid the optionor $250,000 and spent over $1.21 million in exploration expenses on the property. The company retains the option to acquire the remaining 25% interest in the Government Gulch property (the second option) through negotiation, or to pay $2.25 million, $1 million plus $1.25 million in shares, or $2.25 million in shares, depending on the negotiation outcome. If Silver Dollar does not exercise the second option by December 31, 2025, a joint venture will be established with Silver Dollar as the operator. The agreement includes dilution provisions to protect the interests of all parties. Silver Dollar also has the right to purchase half of the 2% Net Smelter Return (NSR) royalty for $1 million. Once the option is exercised, Silver Dollar will grant Silver Valley Metals a 0.5% NSR royalty on the Government Gulch property.
The Ranger-Page land package is located in the Coeur d'Alene Silver District, covering six historic mines with necessary infrastructure and skilled labor. The main target areas include historical mining extensions, ground induced polarization survey anomalies, and mineralization discovered in surface trenches. Additional exploration targets have been identified using soil geochemical data, mapping, and ground induced polarization measurements.
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