Blockchain Registration Transaction Record

Silver X Mining Secures C$10M Bought Deal for Peru Silver Expansion

Silver X Mining announces C$10M bought deal financing for Peru silver operations. Red Cloud Securities leads underwriters in offering 20M units at C$0.50 each to fund exploration and expansion.

This financing matters because it represents significant capital infusion for silver mining development in Peru, a critical global silver-producing region. For investors, it offers exposure to a growing silver producer with substantial expansion potential at a time when silver demand continues to rise for industrial applications and as a store of value. The success of this offering could accelerate development of the Nueva Recuperada project, potentially increasing silver supply and creating economic opportunities in the region while contributing to the global silver market's stability.