Galen McNamara
CEO | Silver47 Exploration | U.S. Silver-Gold Explorer
"Leading U.S. silver exploration with projects in New Mexico and Nevada; vocal advocate for silver market fundamentals"
Biography
Galen McNamara is the Chief Executive Officer of Silver47 Exploration (formerly Summa Silver), a North American precious metals exploration company focused on advancing high-grade silver and gold projects in premier U.S. mining jurisdictions. With a background rooted in geology and mineral exploration—educated at Laurentian University, one of Canada's premier mining-focused institutions—McNamara has built his career around discovering and developing precious metals resources in politically safe, mining-friendly regions of the United States.
Under McNamara's leadership, the company has assembled a portfolio anchored by two flagship assets: the Mogollon project in New Mexico and the Hughes project in Nevada. The Mogollon project has already outlined approximately 32 million silver-equivalent ounces split between silver and gold, with significant exploration upside remaining. McNamara has publicly stated an ambitious vision of building a company moving toward 1 billion ounces of silver-equivalent resources in the ground, a target that places Silver47 among the more aspirational junior silver explorers in the sector.
McNamara has been an active and vocal commentator on the silver market, frequently appearing on financial media and mining investment channels to discuss macro drivers of silver prices, supply-demand fundamentals, and the strategic importance of domestic U.S. silver production. His commentary has gained traction during periods of silver price strength, where he has articulated the case for sustained higher prices driven by industrial demand, supply deficits, and declining ore grades globally.
In 2025, McNamara led a transformative merger between Summa Silver and Silver47, creating a combined entity designed to consolidate U.S.-focused silver exploration assets under a single banner. The merger reflects his thesis that scale and resource density in proven mining districts will be critical differentiators as the silver market tightens. For mining investors, McNamara represents a new generation of exploration executives betting that America's historic silver districts still hold world-class potential.
Videos (3)
Silver47 Exploration ($AGA | $AAGAF) on Red Mountain's Critical Mineral Potential & Path to 2027 PEA
- Top takeaway Galen argues Silver 47 trades at roughly 22 cents USD per ounce in the ground, far below peers, and should be worth substantially more on that metric alone
- Galen positions Silver 47 as a US-focused silver and critical minerals developer with three projects and a stated goal of reaching 1 billion silver equivalent ounces
- Galen describes Red Mountain in Alaska as a 60-km VMS belt with critical minerals including antimony, gallium, indium, and tin, targeting a PEA in 2027
- Galen says Silver 47 has $45M CAD in working capital, four rigs running, and roughly 20,000 meters of drilling budgeted across the three projects in 2025
- Galen frames Silver 47 as both explorer and developer, ready to build tailings reprocessing capacity at Hughes while keeping open the option of being acquired as silver prices rise
A 22-cent EV per ounce on Silver47 Exploration's 246M silver-equivalent ounces screens 2-10x below peers like Blackrock Silver, framing a clear valuation gap. The CEO argues most ounces are inferred, but three high-grade US projects (Red Mountain, Hughes, Mogollon) underpin a 1B-oz aspiration and a 2027 PEA. With $45M Canadian in working capital and four rigs running, Silver47 plans roughly 20,000 meters of 2026 drilling across Alaska, Nevada, and New Mexico. Co-hosts Don Duret and John Fenwick frame a deep correction in US silver developers as a contrarian bottom-fishing setup before a potential second leg up. Near-term producers like 1911 Gold, Denarius, and LaHontan anchor a broader US silver thesis alongside Silver47, all riding a bipartisan critical-mineral policy tailwind.
Silver at $75 and Why U.S. Silver Ounces Are Getting Hard to Find | Galen McNamara - Silver47
Silver47 CEO Galen McNamara discusses silver's potential surge to $75, highlighting how current prices could dramatically improve silver miners' profitability. Silver47 aims to expand its 247 million silver equivalent ounce resource base toward one billion ounces through planned drilling in Nevada and Alaska, plus M&A. McNamara argues U.S.-based silver resources are becoming increasingly rare, creating a strategic advantage for domestic silver explorers like Silver47.
Galen McNamara of Silver47 Exploration talks to Chen Lin | Metals Investor Forum | January 2026
Silver47 CEO outlines high-grade U.S. silver exploration strategy across multiple jurisdictions for potential resource upside. Company targets institutional and retail investors through vetted Metals Investor Forum with strong management credentials. Multi-jurisdictional portfolio approach diversifies geological risk while maintaining focus on domestic silver assets.
Key Quotes
"This merger with Silver47 is a transformative step toward our shared vision of building a premier precious metals company moving towards 1 billion ounces of silver equivalent ounces in the ground anchored in America's most prolific mining jurisdictions."
— Announcement of Summa Silver and Silver47 merger
"We've already got 32 million in silver-equivalent ounces, split between silver and gold, and a lot of room to run."
— Interview on Mogollon project resource potential
"Since we first drilled the Ruby target in 2020, our technical team has believed this is one of the best high-grade silver-gold discovery opportunities in Nevada."
— Silver47 Exploration corporate announcement
Key Works
In-depth discussion on macro drivers behind the silver price rally and supply-demand fundamentals supporting higher prices.
Interview covering the evolving silver market, domestic U.S. production challenges, and Silver47's exploration strategy.
Feature interview covering the Mogollon and Hughes projects, drilling plans, and the company's resource growth strategy.
Corporate presentation at the Metals Investor Forum in Toronto outlining Summa Silver's precious metals exploration strategy and project pipeline.
Investor presentation at the Metals Investor Forum providing updates on Summa Silver's exploration programs and corporate development.
In-depth discussion on the silver market outlook and Silver47's exploration strategy in Nevada's mineral belts.
Specializations
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