Arizona Gold & Silver Announces CDN$18 million dollar investment above market

The most recent news (March 18, 2026) announces a CDN$18 million investment from institutional investors Sorbie Bornholm LP and Sorbie Investments LLP. The financing is structured as a unit placement at $0.80 per unit, which represents an 18% premium to the 5-day Volume Weighted Average Price (VWAP). Each unit includes a half-warrant exercisable at $1.00. This capital is earmarked for the Philadelphia Gold-Silver Project in Arizona to fund drilling programs through 2027.

This news is Material - Positive for several reasons: - Premium Valuation: Securing $18M at an 18% premium to market during an exploration phase is a significant vote of confidence from institutional capital, suggesting the "Sharing Agreement" structure is viewed as highly favorable. - Operational Runway: The funding secures the company’s drilling budget into 2027, removing the "going concern" risk and the need for frequent, smaller, dilutive "hand-to-mouth" financings. - Strategic Validation: Coming off the heels of mixed drilling results in February (where structural complexities were found), this massive investment suggests that the institutional due diligence focused on the high-grade potential at depth (e.g., Hole PC25-158: 60.37m at 4.36 g/t Au) rather than short-term structural hurdles.

Arizona Gold & Silver is focused on the Philadelphia Gold-Silver Project in the Oatman Mining District, Arizona. The project is an epithermal vein system. Recent drilling has identified the "Perry Zone," which shows increasing grades at depth (the "boiling zone"). The company also holds the Silverton Antimony-Gold project in Nevada and Sycamore Canyon in Arizona.