Silver Storm Mining plans $7.5 million private placement at $0.5 per unit led by Eric Sprott

Reuters2026/08/21 21:12

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Silver Storm launched a non-brokered private placement of 15,000,000 units at CAD 0.5 each to raise CAD 7.5 million.
Eric Sprott, via 2176423 Ontario, will buy the full offering; he held 95,768,929 shares, about 11.6%.
Each unit includes one common share, one-half warrant; each warrant buys one share at CAD 0.7 within 18 months.
Proceeds earmarked for surface, underground drilling at La Parrilla complex, working capital.
Closing targeted around Aug. 25, 2026, subject to TSX Venture Exchange clearance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Silver Storm Mining Ltd. published the original content used to generate this news brief on August 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Silver Storm Mining plans $7.5 million private placement at $0.5 per unit led by Eric Sprott

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