Sun Silver books Wood to boost US$60M silver paste facility application with US government

Sun Silver (ASX:SS1) has confirmed its appointment of Wood to conduct a silver paste technology assessment.

Silver paste – which is what it sounds like – is predominantly used in solar panels. Silver, perhaps surprising to the uninitiated, is actually more conductive than copper.

To that end, Sun Silver has been aiming for a Federal US government grant to build a silver paste facility in the United States. That would make Sun Silver, an Australian explorer, a major node in the emerging US domestic renewables supply chain.

The value proposition behind such a move is obvious (notwithstanding a Trump election;) Sun Silver has already identified specialist parties to help with its grant application.

To that end is the context of today’s partnership with Wood: the firm’s assessment will be used as part of Sun Silver’s 48C application for US$60M in funding from the Biden admin.

“This initiative marks a significant step in understanding and enhancing our technological capabilities in silver extraction and paste preparation,” Sun Silver ED Gerard O’Donovan said.

“The outcomes from this study will be invaluable in guiding Sun Silver’s strategic direction and ensuring we remain at the forefront of innovation in the silver industry.”

SS1 last traded at 48cps.