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.

Dec 05, 2024•about 1 year ago

Amount Raised

$2 Million

Round Type

seed

TorontoMining TechnologyMineralPrecious MetalsMining

Description

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 Information

Company

Silver Storm Mining

Location

Toronto, Ontario, Canada

About

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.

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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.

Description

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