Silver X Mining Raises C$21.5 Million in Private Placements

Silver X Mining Corp. has successfully closed two private placements, amassing a total of C$21.5 million. The company finalized a "bought deal" brokered offering generating C$16 million, led by Red Cloud Securities, and a non-brokered offering collecting C$5.5 million. A total of 43 million units were sold at C$0.50 each.

The funds are earmarked for capital and exploration in Peru’s Nueva Recuperada Silver District, plus working capital and corporate purposes. Each unit includes one common share and a half common share purchase warrant, exercisable at C$0.70 until September 2028.

This capital injection is pivotal for Silver X's growth trajectory, aiming to advance exploration, resource conversion, and production scale. The financing strengthens their position in the silver market and supports their vision of expanding operations in South America.