CMX Gold & Silver Corp. (CSE: CXC) (OTC: CXXMF) is moving forward with plans to evaluate the underground resource and exploit an above-ground stockpile at its Clayton Silver Project in Idaho. The company announced a work program including site preparation, geophysical survey, drilling, and staking to assess the full potential of the historic mine, which produced silver, zinc, copper, lead, and gold between 1935 and 1986. Due to small-scale operations, the ore bodies were never fully mined, and material considered low-grade was left unprocessed, creating a stockpile estimated at 1,000,000 tons or more.
The company intends to install an ore-sorting system on site to process the stockpile, which represents a significant exploitation opportunity. The underground resource also remains largely unexplored, offering further potential. The timing aligns with a growing deficit in the silver market. According to the Silver Institute's World Silver Survey 2026, global silver demand reached 1.13 billion ounces in 2025 against a supply of 1.09 billion ounces (https://ibn.fm/iO2ky). Mine production accounted for 846.6 million ounces, and the demand-supply gap is projected to widen.
CMX holds a 100% interest in the Clayton Silver Mine through its wholly owned U.S. subsidiary. The mine, discovered in the late 1800s, operated from 1935 to 1986, processing an estimated 2,145,652 tons of ore. The current work program aims to define the remaining resource and evaluate the economic viability of reprocessing the stockpile.
Silver is widely used in industrial applications including electronics, water purifiers, and photovoltaics, as well as in jewelry and silverware. This diverse demand, alongside supply constraints, presents an opportunity for CMX to exploit its asset. The company's focus on both the stockpile and underground resource underscores its strategy to become a meaningful participant in the silver market.
For more information on CMX Gold & Silver Corp., visit the company's newsroom at https://ibn.fm/CXXMF.
