Curated News
By: NewsRamp Editorial Staff
September 29, 2025
Silver X Raises C$21.5M to Fuel Peru Silver Project Growth
TLDR
- Silver X Mining secured C$21.5 million in funding, providing capital advantage to accelerate growth and potentially become South America's fastest-growing silver producer.
- Silver X raised C$21.5 million through brokered and non-brokered private placements, selling 43 million units at C$0.50 each with warrants exercisable at C$0.70 until 2028.
- This funding enables Silver X to advance sustainable silver production in Peru, supporting economic development while building responsible mining operations for long-term community benefit.
- Silver X's successful C$21.5 million financing demonstrates strong investor confidence in their district-scale silver project development in Peru's Nueva Recuperada region.
Impact - Why it Matters
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.
Summary
Silver X Mining Corp. has successfully completed a major financing initiative, raising substantial capital through two private placements totaling C$21.5 million. The company closed both a brokered offering that generated C$16 million through the sale of 32 million units at C$0.50 per unit, and a non-brokered offering that added C$5.5 million from the sale of 11 million additional units. Red Cloud Securities Inc. served as lead underwriter while Laurentian Bank Securities acted as co-manager for these offerings, with the underwriters also receiving compensation including cash fees and broker warrants. The company's leadership, particularly President and CEO José García, emphasized that this represents a transformative moment for Silver X, enabling significant advancement of their operations in Peru's Nueva Recuperada Silver District.
Each unit in the offerings consisted of one common share and one-half common share purchase warrant, with each full warrant allowing holders to purchase additional shares at C$0.70 until September 29, 2028. The financing was structured under various regulatory frameworks including the listed issuer financing exemption under National Instrument 45-106, with most securities being immediately tradeable in Canada while others remain subject to statutory hold periods until January 2026. The company plans to allocate the net proceeds toward capital and exploration expenditures in their Peruvian operations, working capital requirements, and general corporate purposes. Investors can access detailed information through the amended offering document available on the company's profile at www.sedarplus.ca and through their corporate website at www.silverxmining.com.
This financing achievement positions Silver X for accelerated growth as they develop what they describe as "the next district-scale silver project in Peru." The company operates the Nueva Recuperada Project, a massive 20,795-hectare land package featuring two mining units and over 200 exploration targets. With current production scaling at the Tangana Mining Unit and planned restart of the Plata Mine, Silver X aims to reach approximately 6 million silver equivalent ounces annually by 2029. The successful capital raise, which experienced strong investor demand leading to multiple upsizings, provides the financial foundation for the company to pursue its vision of becoming one of South America's fastest-growing silver producers while delivering sustainable value through operational excellence in responsible mining practices.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, Silver X Raises C$21.5M to Fuel Peru Silver Project Growth
