Silver North Announces Increase in Flow Through Share Private Placement
Silver North Secures Expanded Funding at Premium, Fueling Aggressive Yukon Exploration Push
The most recent news release, dated December 16, 2025, announced an increase and full subscription of a previously announced non-brokered flow-through share private placement. The financing, initially targeting $2.1 million, was upsized to $2,250,500. This was achieved by issuing 6,430,000 flow-through common shares at a price of $0.35 per share. The proceeds are earmarked for eligible Canadian exploration expenses on the Company's Yukon projects (Haldane Silver Project, Tim Silver Project, GDR Project) on or before December 31, 2026. This news follows the initial announcement of the private placement on December 11, 2025.
This news is materially positive for Silver North Resources. The increase in the private placement size, coupled with its full subscription, demonstrates strong investor confidence and secures crucial funding for the Company's aggressive exploration programs in the Yukon. The issue price of $0.35 per share is significantly higher than the $0.10 and $0.15 prices of earlier 2025 financings, reflecting a positive re-rating of the stock following recent high-grade drill results at Haldane and promising discoveries at Veronica.
The Company has a history of consistently low cash balances and negative working capital throughout 2024 and 2025, necessitating multiple private placements. The $1.35 million financing closed in April 2025 (at $0.10), the $370,050 financing closed in July 2025 (at $0.15), and the $2.1 million flow-through financing closed in August 2025 (at $0.21). This latest $2.25 million financing (at $0.35) further bolsters the treasury, specifically for flow-through eligible exploration expenses, which are essential for advancing its projects. This capital infusion is vital for funding the anticipated aggressive 2026 drill program at Haldane and follow-up exploration at the Veronica property.
The recent exploration news preceding this financing provides strong justification for investor interest: * December 10, 2025: Drill results from Haldane extended the Main Fault silver mineralization by 50 meters along strike, with the CEO noting grades and widths becoming stronger downdip. * November 17, 2025: Intersected 13.15 meters averaging 818 g/t Silver and 1.39 g/t Gold at Haldane's Main Fault, described by the CEO as the "best hole drilled on the property to date." This was a significant catalyst. * December 11, 2025 & October 28, 2025: Positive rock sampling at Veronica (GDR Project) yielded up to 2,860 g/t silver and 76.8% lead, confirming Carbonate Replacement Deposit (CRD) potential and indicating new high-grade showings.
The financing at a higher price point, following these strong exploration results, suggests the market is responding positively to the Company's technical success.
Silver North Resources Ltd. is a Canadian mineral exploration company primarily focused on silver and base metal projects in the Yukon Territory. The Company's strategy involves exploring and developing high-quality mineral properties, often through option agreements with larger mining companies to de-risk exploration and share costs.
Flagship Project: Haldane Silver Property (Yukon, Canada) Located in the prolific Keno Hill silver district, adjacent to Hecla Mining's producing Keno Hill silver mine. Haldane is characterized by Keno-style silver-lead-zinc-bearing quartz siderite veins. * Development: The Company has actively been conducting diamond drilling programs at Haldane. The 2024 program led to the discovery of the Main Fault, which subsequently became the primary focus for the 2025 program. * Recent Highlights: The 2025 drill program at the Main Fault has yielded exceptional results, including 13.15 meters averaging 818 g/t Silver and 1.39 g/t Gold (HLD25-31), and a previous high of 1,088 g/t silver and 3.90 g/t gold over 1.83 meters (HLD24-30). This has significantly extended the known mineralization downdip and along strike.
Other Key Projects: * Tim Silver Project (Yukon, Canada): This project is under an option agreement with Coeur Mining Inc., a major silver producer. Coeur Mining can earn up to 80% interest by funding significant exploration expenditures and a feasibility study. Coeur completed a 2,250-meter drill program in 2024, confirming CRD-style mineralization, and is planning follow-up drilling for 2025/2026. This arrangement significantly reduces Silver North's financial burden for Tim exploration. * GDR Project (Yukon, Canada): This claim group includes the Veronica Property. Early-stage exploration at Veronica in 2025 has yielded promising results, including high-grade silver and lead samples (up to 2,860 g/t Ag and 76.8% Pb) at the newly discovered Betty Target, indicating potential for Carbonate Replacement Deposit (CRD) style mineralization. The company received a $30,000 grant from the Yukon Mineral Exploration Program for Veronica in 2025.