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Silver Storm Mining closes final tranche of private placement, raising $21 million

PUBT·08/31/2026 21:00:06
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Silver Storm Mining closes final tranche of private placement, raising $21 million
  • Silver Storm Mining closed a C$ 21 million non-brokered private placement, issuing 42,000,000 units at C$ 0.5 each.
  • Final tranche closed Aug. 28, 2026, raising C$ 6.38 million from 12,750,000 units.
  • Each unit includes one common share, one-half warrant; each whole warrant exercises at C$ 0.7 for 18 months.
  • Net proceeds earmarked for surface, underground drilling at La Parrilla silver mine complex; remainder for working capital.
  • Paid C$ 136,918.5 in cash finders’ fees, equal to 3% of eligible second-tranche proceeds.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Silver Storm Mining Ltd. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202608311700ACCESSWRNAPR_____1214889) on August 31, 2026, and is solely responsible for the information contained therein.