Company Overview

Discovery Silver Corp. is a Canadian precious metals mining company focused on the acquisition, development, and operation of silver-dominant mineral assets. The company operates within the silver mining and mineral exploration industry, with revenue potential primarily driven by the future production of silver, supplemented by by-product metals such as lead and zinc. Discovery Silver’s strategy centers on advancing large-scale, long-life silver projects with the objective of becoming a low-cost primary silver producer.

The company’s flagship asset is the Cordero Project, one of the largest undeveloped silver projects globally, located in Mexico. Discovery Silver was incorporated in 2017 and initially focused on exploration before consolidating and expanding the Cordero land package through acquisitions and drilling programs. Over time, the company evolved from an exploration-stage entity into a development-stage company with completed economic studies outlining potential commercial production.

Business Operations

Discovery Silver’s operations are primarily organized around mineral exploration, project development, and economic evaluation. Its core business activity is advancing the Cordero Project, which contains multiple mineralized zones and is designed as a large-scale open-pit mining operation based on publicly disclosed technical studies. The company does not currently generate operating revenue, as it has not yet commenced commercial production.

Operational activities are concentrated in Mexico, with technical, corporate, and administrative functions supported from Canada. Discovery Silver controls mineral concessions, geological data, and technical studies related to its projects, including prefeasibility-level economic assessments. As of publicly available disclosures, the company does not operate producing mines and has no disclosed joint ventures, but it relies on external engineering firms, contractors, and consultants for technical and environmental studies.

Strategic Position & Investments

Discovery Silver’s strategic direction emphasizes de-risking the Cordero Project through engineering optimization, permitting advancement, and potential financing pathways. Growth initiatives include ongoing metallurgical testing, mine plan optimization, and exploration drilling aimed at expanding mineral resources and improving project economics. The company positions itself as a future primary silver producer with scale, differentiating itself from peers with smaller or higher-cost projects.

The company’s investment focus remains concentrated on its core asset rather than a diversified portfolio. Discovery Silver has pursued selective land acquisitions to consolidate the Cordero district, strengthening its long-term development optionality. There is no verified public disclosure of significant investments in unrelated sectors or emerging technologies outside conventional mining, and data inconclusive based on available public sources regarding any material downstream processing or streaming arrangements.

Geographic Footprint

Discovery Silver’s principal operational footprint is in North America, with mining assets located in Mexico and corporate headquarters in Canada. The Cordero Project is situated in the state of Chihuahua, Mexico, a region with an established mining history and existing infrastructure supporting large-scale mining operations.

Beyond Mexico, the company’s presence is primarily corporate and financial, with capital markets access in Canada and trading activity in the United States through over-the-counter markets. Discovery Silver does not report active operations in other continents, and its international influence is currently limited to exploration-stage mining activities within Mexico.

Leadership & Governance

Discovery Silver is led by a management team with experience in mining development, capital markets, and project financing. The leadership philosophy emphasizes technical rigor, disciplined capital allocation, and advancing large-scale assets toward production while managing permitting and environmental considerations. Governance is overseen by a board of directors with backgrounds in mining, engineering, and finance.

Key executives include:

• Tony Makuch – President & Chief Executive Officer
• Mark Fields – Chief Financial Officer
• Peter Dickie – Vice President, Exploration
• Michael Scarpelli – Chairman of the Board

The leadership team’s strategic vision focuses on positioning Discovery Silver as a globally relevant primary silver company by progressing its flagship asset through development milestones supported by transparent technical disclosure and engagement with local stakeholders.