Silver Storm Mining Ltd. announces a non-brokered private placement offering of up to $2 million for general corporate purposes and to complete its upcoming NI 43-101 resource statement.
Silver Storm Mining Ltd. announces a non-brokered private placement offering of up to $2 million for general corporate purposes and to complete its upcoming NI 43-101 resource statement.
12/05/24, 11:39 PM
Location
torontoMoney raised
$2 million
Industry
mining technology
mineral
precious metals
mining
Round Type
seed
Silver Storm Mining Ltd. plans to complete a private placement offering of up to 22,222,222 units at $0.09 per unit for gross proceeds of $2 million. The funds will be used for corporate purposes and resource statement completion. The offering is available to accredited investors across Canada and may also be conducted in the United States.
Company Info
Location
toronto, ontario, canada
Additional Info
Silver Storm Mining Ltd. holds advanced-stage silver projects located in Durango, Mexico. Silver Storm recently completed the acquisition of 100% of the La Parrilla Silver Mine Complex, a prolific operation which is comprised of a 2,000 tpd mill as well as five underground mines and an open pit that collectively produced 34.3 million silver-equivalent ounces between 2005 and 2019. The Company also holds a 100% interest in the San Diego Project, which is among the largest undeveloped silver assets in Mexico.