 Rich Pigs Daily is an online community for traders to exchange smart, straightforward and profitable investment ideas. Join us today at richpigsdaily.com. Subscribe to us on YouTube to learn useful stock trading secrets and discover the next ten-banker. Hi, how are you doing today? I am your host Rich here on behalf of Rich TV Live with my very special guest, Galen McNamara. How are you doing today, Galen? I'm good, Rich. Thanks for having me on your show. Always a pleasure, my friend. Thank you for joining us. Very excited to learn more about your company and introduce it to our community, our global community of investors. Let's get started, Galen, and maybe you can tell us a little bit about yourself and how you got involved with Suma Silvercore. Sure, sounds good, Rich. So, yeah, myself personally, I'm a geologist going back about 15 years. I'm one of the founders of Suma Silver, and Suma is a deal we put together about a year ago now, really concentrating on some of these historic mining districts that haven't seen any modern exploration just because there's a blueprint for success there. Putting this deal together, I really spent like two years of my life looking for a project. These were the times that 2018, 2019 were really dark days in the precious metals sector, but I didn't need a day job, and I could really spend a lot of time just searching through projects and calling through things until I came to something I really, really liked, which is where we're at right now, in Suma Silver. Before doing that, I was running all the drilling for a company called NextGen Energy, and we of course had some very large and high-grade uranium discoveries in Canada. Coming out of that, I'm putting my entrepreneur's hat on, which is something that's always been, comes naturally to me, but also something I'm very passionate about. And so Suma Silver's my first deal, and here we are a year later. We raised $23 million, and we're just diligently exploring away on two of our projects. That's fantastic. Congratulations on all your success. Thank you. Well, it's just the start. This is just the very first steps and a deal that I'm putting all of my life into and all of my passion into. I love it. I love to hear that. And you're a young CEO, and this is your first project, and I'm assuming you're going to do everything in your power to make sure it's a huge success, because I know that's what I would be doing if I was creating my first public company. So really excited to see what you guys are going to be able to do. And to be able to raise $23 million, that's pretty impressive. So congratulations. That's no small feat. Now, can you tell us what some of your main goals are for 2021 for Suma Silver Corp? So the goals for 2021 with Suma Silver are basically drill, baby drill. We're going to be looking at some very, very strong news flow for this entire year. And because we've raised the capital, we're fully loaded for bear to really explore our projects. And we know that we've got a tiger by the tail on both of these projects. And we know that we've got some very significant zones of minimization on them. But the thing is we're probably only just scratching the surface so far. So this year is about trying to figure out what we have on our hands via drilling. Fantastic. Now, Suma Silver Corp recently announced some drill results for high-grade Hughes Silver Gold property. Can you go through those drill results for us and what it means for the company? Yeah. So that was the third set of results we've put out. There's still several holes pending. And these are all results from 2020 on just one of our projects, just our first project. And what we found so far is that we're working in an old, wild west mining district that hasn't seen much of modern exploration. And just to keep things really simple, there's an old saying in geology and exploration. And it goes like this. It's the best place to find a new mine is right next to an old mine. So we're not really trying to reinvent the wheel in that regard. But what we are trying to do is really explore in a modern way one of these famous old mining districts in the Tonopah, Nevada area. And the results last year were very, very strong. Over quite a long, quite a large area, we found results that were greater than 1,000 grams per tonne silver equivalent, which is much higher than the average mine grade. So there's obviously a lot of juice left to squeeze in this old district. So this year, we're just trying to see what we've got, what we could have on our hands, based on those very, very high grade drill results from last year. And me, I like to think really big. One thing as a geo, for me, that's been really helpful is I've been able to work on a couple of big wins, next gen being one of them. So what that teaches you as a geo is it really gives you that sense of scale. So to boil it all down, for me, I really have to look for the biggest things, go big or go home. Or why bother? Why waste time? Speaking of go big or go home, Suma Silver recently announced that it raised $10.16 million through a private placement financing, which included investment silver icon, Eric Sprott. That's as big as it gets. So can you give us a breakdown of what those funds will be used for and how much money does the company have on its balance sheet today? Sure. Well, first of all, I'm very grateful to have Mr. Sprott's support and we are as a company. He's actually participated in all three of our financings and has invested $8 million into the company in total. So he owns 18% of Suma. But in terms of plans for cash that's on the books, we've got between $13 and $13.5 million in the bank right now. So like I was saying, we're fully loaded and ready to rock and roll for a very aggressive year, drilling both in Nevada. And also in our second project in New Mexico, and that second project in New Mexico is not one that I think has seen much limelight. It's another one of these famous old Wild West districts and myself and the geologists in the field are really excited about getting to work here and drilling a lot of silver this year. That's great. Now, the mining industry over the last couple of years has been on a tear and it's been extremely competitive to get those investor dollars. Now, what sets you guys apart at Suma Silver Corp from your competitors in the mining space in this very competitive industry? Yeah, yeah, you know, I think it's a few reasons. I think number one, good silver projects are really hard to find. Good high-grade silver projects are really hard to find. So that's number one. Number two, we have a US focus and don't get me wrong, I love a lot of the other silver companies. I'm a shareholder of many companies in say, Peru or in Mexico, but Nevada is the number one mining jurisdiction in the world and we're really concentrating in Nevada. So I think those two things there have really helped set us apart for sure. Now, in order to build a successful company, you need a successful team. Can you go through the team at Suma Silver and what each person brings to the table? Yeah, yeah, so that's a really good point because you know, I'm the face of this thing, but you know, I'm representing, you know, a group of professionals that are very passionate about discovery. And just because it's my turn to wear the hat this time. So myself, I'm a geologist. Martin Bezik is the CFO and he's the guy that helped me put the deal together from the start. So, you know, he liked it so much that he wanted to stay on as CFO and director. Then we've got our technical advisor, Garrett Ainsworth. He's a gentleman and a very well-known geologist and we work together very closely at NextGen. So he's a technical advisor on Suma Silver and I'm a technical advisor on his deal called District Metals. Christopher Leslie, senior Geo. Chris works with me here in Vancouver and he's one of the guys that actually discovered the Blackwater Gold deposit here in BC, which is now 8.2 million ounces in the Provement Probable categories. Guys in the field too in the US are also key individuals for us. There's a gentleman by the name of Chris York that just joined us from Hekla Mining and he has extensive experience in managing very, very large exploration programs. And then my board of directors is also very strong in that. We've got Michael Connard, young up-and-coming mining CEO, very, very passionate about being entrepreneurial and about mining. So he's the co-founder of Vizsla Resources and also the CEO and they're a very, very high profile and successful Mexican focused silver company. And then our other director, Thomas O'Neill. He's in the insurance business here in Vancouver and he's another guy that really was instrumental in putting this together. And again, like the deal so much that he decided to stay on. Finally, our fourth director is Brian Gauze. Brian owns a geological consulting outfit down in Nevada. And he really helps us execute the field programs because it's very difficult for me to be traveling back and forth now and for us in Vancouver to be traveling back and forth now due to the current COVID thing. But of course, we've operated down there without any major delays because of the team we have down in the U.S. as well. So that's the team in a nutshell, Rich. I like the team and quite a few companies and members that you mentioned that have actually been on our show. We've actually talked about Vizsla Resources. So I know Michael and very impressive guy and very impressive company. So you have a very strong team there that you've assembled. It's very impressive. Now here at Rich TV Live, we're a global community of investors and we love tightly held companies. That's part of the Rich system, tight share structures, low floats, companies that are very responsible. Can you talk a little bit about your share structure at Suma Silver and how the company plans to attract more institutional investors and big time investors like Eric Sprott? Sure. So that's a really good point you make about structure. For me, structure is everything. So we've got 61 million shares outstanding, 77 million fully diluted. And you know what? It's something that we highlighted from the very beginning as being very important. And like they're saying, it really is. That's another thing that helps set us apart from some of the other companies out there in that, hey, we're a new company. The structure is very tight and it's something that I personally take very seriously. So we're going to really, really work on it continuing to be tight because that's really the best way for, I think, shareholders to see the best returns. And then in terms of attracting investment, we were very, very successful in drawing in institutional investors right from the beginning because like I was saying before, hey, it's really hard to find quality U.S. Silver districts, Silver properties. So that was, I think, a really attractive part of our pitch to begin with. But going forward now, now we've got to prove what we have, which is really what we're doing. So going forward, I think the focus is going to be on, in addition to keeping the share structure very tight on the drill results. So I'm going to be pushing very, very hard this year to be as aggressive as we can on both of our properties. Very good. That's what I'd like to hear. If there was one thing that we'd want shareholders to know about Suma Silver Corp today, what would it be? You know what? I just get the feeling that in general, in the precious metals markets, that we're on the cusp of something. It's like the calm before the storm. So for me, I'm acting accordingly. Now is when we're preparing a very, very strong results-based program this year on both of our projects that I think if the timing is correct, like I get the feeling like it is, there's going to be a lot of results as we're going into a very strong precious metals market. And you know what? We're a US focused company with properties in the best mining jurisdictions in the world. So that's really what my main takeaway is for Suma right now. And you know, I want to scream it from the rooftops, you know, what I think is coming and all the things we're going to be doing this year. So yeah, I'll look for more news in the not too distant future for sure. That's great. We love news here at Rich TV Live. Now investors are going to see this interview, they're going to see this video, they're going to want to get in contact with you, potentially joint venture partners, many other mining companies that we've had on our show are going to see this interview, may want to get in contact with you. What's the best way for them to reach you? So you know, we're on LinkedIn at Suma Silver on LinkedIn, we're on Twitter at Suma Silver on Twitter. You can always email us info at SumaSilver.com or you could also just reach out to me directly. You know, I'm on Twitter at Galen McNamara. And I respond pretty much to everyone that gets in touch with me, which doesn't really happen very often, but I actually welcome communication with shareholders. And I'm going to go out of my way to answer anyone's questions as best as I can. That's perfect. Well, thank you for joining us on Rich TV Live today, Galen McNamara, the CEO of Suma Silver Corp. Great. Thanks very much, Rich. Now remember guys, before you guys buy anything or invest in anything that we talk about, please do your due diligence, do your research, Rich TV Live is strictly for information and education purposes, consult a financial advisor. Chances are if you consult a financial advisor, financial advisor is going to say, where'd you get that pick? You can say from my boy, Rich, and they're going to say, I like the pick. I like this pick guys. If you like this video, please smash the like button, comment down below, share the video, and subscribe. If you're alive, if you're not winning, you're not watching, is your boy, Rich from Rich TV Live. Thank you so much for your time today. Thank you for joining us. Galen, always a pleasure. Love to invite you back. If you ever have any big breaking news, have you back on the show? Sounds like a plan. Sign me up. And for those of you guys that are watching at home, thank you guys for watching. Have a nice day, everybody.