Critical Mineral Status Is Putting a Premium on Domestic Silver Supply

Issued on behalf of Americore Resources Corp.
VANCOUVER — Baystreet.ca News Commentary — Silver's recognition as a strategic and critical mineral in the United States has sharpened the focus on domestic supply at a time when the global market faces its sixth straight annual deficit, projected at 67 million ounces for 2026[1]. Total supply is expected to reach 1.05 billion ounces, a ten-year high, but above-ground stocks are being drawn down to bridge the persistent shortfall between production and demand[2]. Americore Resources (TSXV: AMCO) (OTCQB: AMCOF), Dolly Varden Silver (NYSE-A: DVS) (TSXV: DV), GR Silver Mining (TSXV: GRSL), Blackrock Silver (TSXV: BRC), and Silvercorp Metals (NYSE-A: SVM) span the spectrum from early-stage exploration to established underground production.
Physical bar and coin purchases are forecast to rise 20% to 227 million ounces in 2026, while global ETP holdings sit near 1.31 billion ounces[3]. Demand from AI-linked data centers and electric vehicle manufacturing is partially compensating for reduced solar sector consumption, keeping the industrial base near 650 million ounces and sustaining the economic rationale for new high-grade silver discoveries[4].
Americore Resources (TSXV: AMCO) (OTCQB: AMCOF) has completed a drone-magnetometer survey spanning roughly 350 line-km across its wholly owned Trinity Silver Project in Pershing County, Nevada. Pioneer Exploration Consultants of Ottawa flew the survey along a 6-kilometer southwest-to-northeast strike centered on the Trinity open pit, targeting subsurface structures across the full project footprint. Campbell and Walker Geophysics is now performing a detailed interpretation of the newly acquired data, integrating all available historic geophysical records to build a unified structural model for the property.
Trinity sits within a 22,700-acre consolidated land package that incorporates optioned ground from Primus Resources surrounding a former US Borax open pit. The property carries a historic resource of 36 million silver-equivalent ounces, and Americore has been methodically compiling the geological datasets needed to advance toward a modern NI 43-101 resource estimate. An extensive historic drill database underpins the upcoming confirmation and expansion campaign.
"We continue to systematically move the Trinity Project forward," said Jeff Poloni, CEO of Americore. "The exploration plan which includes both confirmation and expansion drilling will allow us to move the resource from Inferred to Indicated and will become the foundation for a new mineral resource estimate."
Americore has begun the permitting process for a drill program slated to commence in Q2 2026, targeting confirmation and extension of the historic data across both BLM land and fee land administered by the Bureau of Mining Regulation and Reclamation within the Nevada Division of Environmental Protection. The BLM pathway involves a Notice of Disturbance for under 5 acres, a streamlined track that keeps the timeline intact for field mobilization.
The company is simultaneously exploring monetization options for an existing above-ground stockpile at Trinity, creating a potential near-term revenue pathway alongside the broader exploration and resource delineation effort.
CONTINUED… Read this and more on Americore at: https://usanewsgroup.com/2026/01/12/the-only-silver-that-matters-now-is-silver-you-can-touch/
In other industry developments and happenings in the market include:
Dolly Varden Silver (NYSE-A: DVS) (TSXV: DV) reported results from the silver-rich southern portion of the Homestake Silver deposit at its wholly owned Kitsault Valley Project in British Columbia, where drill hole HR25-473 returned 58 g/t silver over 95.99 meters including 989 g/t silver over 0.95 meters. The company completed 56,131 meters of drilling in 86 holes during the 2025 season, with roughly 40% of the program focused on step-outs and infill at Homestake Silver.
"The 2025 drill program at the Homestake Silver Deposit successfully expanded and infilled at the Mineral Resource area, demonstrating strong gold and silver grades over potentially underground bulk-mineable widths," said Shawn Khunkhun, President and CEO of Dolly Varden Silver. "The deposit remains open for expansion, and we look forward to accelerating drilling and engineering studies to advance the Homestake Main and Homestake Silver Deposits during 2026."
Additional silver intercepts from the southern zone include HR25-470 at 31 g/t silver over 38.74 meters with a high-grade vein returning 760 g/t silver over 0.86 meters, and HR25-466 at 33 g/t silver over 48.49 meters including 306 g/t silver over 1.01 meters. The structurally controlled epithermal system remains open along plunge and at depth, and Dolly Varden plans to accelerate drilling and engineering studies at both Homestake deposits through 2026.
GR Silver Mining (TSXV: GRSL) (OTCQB: GRSLF) commenced a 20,000-meter step-out drilling campaign at San Marcial within its Plomosas Silver Project in Sinaloa, Mexico, effectively doubling the total metres drilled outside the NI 43-101 resource boundary. The campaign targets a newly identified parallel breccia zone guided by a revised geological model built on 2025 drill data.
"2026 is expected to be a pivotal year for GR Silver Mining, as the Company leverages the five-year drilling permit obtained last year, together with its strong financial position, to advance resource growth at San Marcial," said Márcio Fonseca, President and CEO of GR Silver Mining. “Regional and site-specific conditions at active work areas are continuously monitored, and over the past six months the Company has implemented additional protocols and mitigation measures to further manage safety risks associated with operating in Mexico.”
The company has relocated its exploration office to Durango to streamline logistics and improve access to the Plomosas project. The step-out campaign is designed to materially expand the known resource at San Marcial ahead of a planned resource update.
Blackrock Silver (TSXV: BRC) (OTCQX: BKRRF) joined the 2026 TSX Venture 50 after posting 273% share price appreciation and 353% market cap growth during 2025. The company is advancing the high-grade Tonopah West Project in Nevada's historic silver district with an updated Preliminary Economic Assessment targeted for delivery this quarter.
"2025 was a transformative year for Blackrock, and we are grateful to the TSX Venture Exchange for recognizing the shareholder value we have created," said Andrew Pollard, President and CEO of Blackrock Silver. "We enter 2026 with strong momentum, supported by a robust treasury, an updated Preliminary Economic Assessment on track for delivery this quarter, and key permitting initiatives advancing at our flagship Nevada project."
Silver's designation as a strategic and critical mineral in the United States positions Blackrock's Tonopah West among a small group of domestic high-grade primary silver projects moving toward development. The company operates in a jurisdiction consistently ranked among the world's top mining regions.
Silvercorp Metals (NYSE-A: SVM) (TSX: SVM) posted record quarterly revenue of $126.1 million in Q3 fiscal 2026, up 51% year-over-year, on silver production of 1.9 million ounces. Cash costs came in at negative $1.22 per ounce net of by-product credits, and all-in sustaining costs held at $11.32 per ounce as mine mechanization and shrinkage mining methods at the Ying Mining District in China drove margin improvement.
During the quarter, the company completed over 89,000 meters of drilling and 22,000 meters of exploration tunneling while advancing 3,297 meters of ramp development at the Kuanping mine. Silvercorp reported adjusted net income of $47.9 million and $132.9 million in operating cash flow, reflecting the durable margin structure of its high-grade underground portfolio.
SOURCE: https://usanewsgroup.com/2026/01/12/the-only-silver-that-matters-now-is-silver-you-can-touch/
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SOURCES CITED:
1. https://goldinvest.de/en/silver-outlook-2026-silver-institute-expects-renewed-strong-investment-interest-amid-persistent-market-deficit
2. https://investingnews.com/daily/resource-investing/precious-metals-investing/silver-investing/silver-in-the-future/
3. https://silverinstitute.org/global-silver-investment-to-remain-strong-in-2026-against-the-backdrop-of-a-sixth-consecutive-annual-market-deficit/
4. https://taiyangnews.info/business/silver-substitution-efforts-to-lower-demand-in-solar-sector-in-2026

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