Blockchain Registration Transaction Record

Silver X Raises C$21.5M to Fuel Peru Silver Project Growth

Silver X Mining completes C$21.5 million private placements to advance Nueva Recuperada silver project in Peru. Funding supports exploration and production scaling toward 6M AgEq ounces annually by 2029.

This financing represents a significant development in the silver mining sector, particularly as global demand for silver continues to grow across industrial, technological, and investment applications. For investors and market observers, Silver X's successful capital raise demonstrates strong market confidence in Peruvian mining projects and the company's specific growth strategy. The substantial funding enables accelerated development of what could become a major silver production hub, potentially increasing global silver supply at a time when renewable energy technologies, electronics manufacturing, and sustainable infrastructure projects are driving increased silver consumption. For local economies in Peru, this investment supports job creation and economic development while advancing responsible mining practices. The company's ambitious production targets, if achieved, could position Silver X as a meaningful contributor to the global silver market, providing additional supply stability for industries that rely on this critical metal.