Silver X Mining Launches $21.5 Million Private Placement Offerings

Silver X Mining Corp., based in Vancouver, has announced a non-brokered private placement to meet strong investor interest. The company plans to sell between 6 to 11 million units at C$0.50 per unit, aiming to raise between C$3 million and C$5.5 million. Concurrently, a brokered private placement is set to generate an additional C$13 million through the sale of 26 million units. This combined effort enables the potential to raise up to C$21.5 million, contingent on a 6 million unit over-allotment option.

These offerings are scheduled to close on September 29, 2025. Proceeds are allocated for exploration and capital expenditures in Peru's Nueva Recuperada Silver District, alongside working capital and general purposes. Units will include a common share and a half purchase warrant, although U.S. distribution is restricted due to regulatory constraints.