Pure Silver Play Uplists to OTCQB

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Argenta Silver Corp. (AGAG:TSX.V; AGAGF:OTCQB) reported a spate of news recently, including a market uplisting, a strategic investment, and a field program start.

The latest is that the Canadian explorer began trading on the OTCQB, or The Venture Market, in the U.S. on Jan. 31 under the symbol AGAGF. This represents an uplisting from the OTC Pink Market.

"Investors will now be able to obtain the latest financial disclosure and real-time Level 2 quotes for the company on the OTC Markets website," noted a Jan. 31 news release.

In another Argenta development, major shareholder and strategic investor Frank Giustra bolstered his position in the company to 15.09% with his purchase of 2.5 million (2.5M) common shares of it in the open market, according to a Jan. 29 news release. Now Giustra directly or indirectly owns and/or controls a total of 25.54M shares and 3,425,000 common share purchase warrants of Argenta.

Giustra explained, "My decision to increase my holdings in Argenta reflects my strong belief in the company's vision to unlock the value of high-potential silver assets and its disciplined approach to exploration."

Peter Krauth of Silver Advisor wrote on Jan. 30, "Given Giustra's history and major mining successes, this is yet another big vote of confidence in Argenta. Shares are up slightly on this news."

Giustra is CEO of the Fiore Group, which manages a portfolio of private equity investments and companies. Along with Argenta, Fiore has been involved with NexGold Mining Corp. (NEXG.V:TSXV; NXGCF:OTCQX; TRC1.F:FRA), Goldcorp Inc., Endeavour Mining Corp. (EDV:TSX; EVR:ASX), Wheaton Precious Metals Corp. (WPM:TSX; WPM:NYSE), West Red Lake Gold Mines Inc. (WRLG:TSX.V; WRLGF:OTCQB) and Leagold Mining Corp. (LMC:TSX.V; LMCNF:OTCQX).

In operational news, Argenta identified several new targets at its flagship El Quevar project in Argentina by analyzing and interpreting historical geochemical soil sampling data it acquired along with the property in 2024, noted a Jan. 20 news release.

Two such targets, one silver, the other gold, suggest a larger mineralized system exists at the project. Neither anomaly has been drill-tested before.

The silver target is 1,850 meters (1,850m) x 600m in size and aligned east to west. It shows promising continuity further westward, where no systematic soil sampling has been done. The larger gold anomaly, 2,750m x 1,200m, is in the southeastern section of El Quevar South and represents exploration upside.

"Given that approximately 80% of the historical drilling was focused on the existing mineral resource, the discovery of these high-potential, largely untested targets is incredibly encouraging," Joaquin Marias, Argenta vice president of exploration and development, said in the release. "It reinforces our belief in the untapped potential of El Quevar as a major epithermal system."

Accordingly, Argenta just began a comprehensive surface soil sampling program at El Quevar to "fill gaps in the existing sampling grid and extend coverage into unsampled, high-potential areas," according to the release. Spacing between samples will be 100m x 100m. This soil sampling effort largely comprises phase one of the company's planned, broader exploration program for the project, which was launched last month.

Advancing its Flagship Project

Based in British Columbia, Argenta is building a silver company to fuel the energy transition and create sustainable, long-term shareholder value by acquiring and developing high-potential silver assets in favorable Latin American jurisdictions.

"With the growing demand for silver, Argenta is uniquely positioned to deliver significant value," Giustra said in the Jan. 29 release.

Now, the company is wholly focused on advancing El Quevar, the third largest, undeveloped, single silver resource in Argentina, a premier mining locale. The Indicated resource stands at 45,300,000 ounces (45.3 Moz) of 482 grams per ton (482 g/t) silver, and the Inferred resource is 4.1 Moz of 417 g/t silver. Also, there is significant potential for resource expansion.

"This is one of the highest-grade silver discoveries in the world," Chen Lin wrote in his newsletter What is Chen Buying? What is Chen Selling? on Jan. 7.

In the premier mining jurisdiction of Argentina, El Quevar sits along a major continental structural corridor and close to world-class mines, including SSR Mining Inc.'s (SSRM:NASDAQ) Pirquitas silver and Chinchillas silver-lead-zinc mines. Sufficient infrastructure also is in close proximity.

Historically, US$60 million (US$60M) were spent on El Quevar. Its previous owner explored the property materially between 2008 and 2013, but since, such activity has been minimal.

Silver Price To Climb

This month, the silver price surpassed US$32 per ounce, its highest in three months, reported Equityworld Futures Portal News on Feb. 5. This indicates investors have been relying on silver as the safe haven that it is while markets "assessed the global growth outlook under threats of trade wars."

Before long, silver could hit new all-time highs, purported Resource Stock Digest in a Feb. 3 article, with volatility expected along the way.

As indicated on its six-month chart, silver recently broke out of its corrective downtrend starting in October 2024 and now is set to advance to challenge the highs that month before surpassing those and "forging ahead in a powerful uptrend," Technical Analyst Clive Maund highlighted in a Jan. 31 report.

Silver Advisor's Krauth is bullish on Argenta. In a Jan. 30 report about Giustra's additional investment in the explorer, he wrote about it, "I think odds are the share price has bottomed. Attractive to accumulate at current levels."

In 2025, according to The Silver Institute on Jan. 29, total global silver supply is projected to increase 3% to an 11-year high of 1,050,000,000 ounces (1.05 Boz). Silver mine production is expected to rise 2% to 844,000,000 (844 Moz), achieving a seven-year high. Similarly, silver as a byproduct from gold mines is forecasted to grow, too, as is silver recycling, by 5%.

"This year, industrial scrap will be the key growth driver, particularly changeouts in ethylene oxide catalysts," according to the report. "Jewelry and silverware recycling will also rise, reflecting India's  price-led gains."

Worldwide silver demand, on the other hand, is projected to remain stable this year at 1.2 Boz. Increased demand for industrial applications and retail investment will be offset by weaker demand for jewelry and silverware, note.

Thus, the global silver market in 2025 is anticipated to record another significant deficit for the fifth consecutive year. Though the deficit is expected to fall 19% this year to 149 Moz, it still is a large figure historically, the Institute noted.

"It was a 10bagger for us when it was discovered, and I hope to make more this round," he wrote in January. "Fundamentally, the stock is very strong," Chen Lin said.

StoneX Financial purported in its "2025 Annual Metals Outlook" that silver is poised to outperform gold and base metals this year, according to Kitco News on Jan. 23. This is because the metal may follow gold prices higher while also benefitting from growing industrial demand. Because the solar and artificial intelligence industries require significant amounts of silver, the rate of growth of the green energy transition and the digital transition favors the critical metal.  

"Silver investment is expected to remain buoyant, and this metal could yet decouple from gold, which is expected to peak this year, while silver marches on, targeting US$33 by year-end," the authors of the report wrote.

As for the early-stage silver (gold and base metals) exploration market, recent technical and fundamental indicators indicate a breakout is imminent, asserted John Newell of John Newell & Associates in a Feb. 4 article. What a reignited bull market will mean for junior mining companies like Argenta is improved access to financing, an environment conducive to new discoveries, more mergers and acquisitions activity, and rising gold prices catalyzing share prices.

Stock Offers "Great Investment"

Silver Advisor's Krauth is bullish on Argenta. In a Jan. 30 report about Giustra's additional investment in the explorer, he wrote about it, "I think odds are the share price has bottomed. Attractive to accumulate at current levels."

Chen Lin of What is Chen Buying? What is Chen Selling? also likes Argenta and has been investing in it since its inception.

"It was a 10bagger for us when it was discovered, and I hope to make more this round," he wrote in January. "Fundamentally, the stock is very strong."

Most recently, Lin noted that Argenta is "a great opportunity due to 100M shares free trading. I have been buying, too."

Ownership and Share Structure

According to Refinitiv, seven strategic entities own 18.42% of Argenta. The Top 3 shareholders are Frank Giustra with 15.09%, Thomas Humphreys with 2.73% and Joaquin Marias with 0.31%.

The rest of Argenta is in retail. There are no institutional investors at this time.

The company has 169.21M outstanding shares and 138.05M free float traded shares. Its market cap is CA$28.73M. Its 52-week trading range on the TSX Venture Exchange is CA$0.14–0.465 per share.