Kingsmen Resources Announces Increase in Private Placement

Kingsmen Resources announced an increase to its previously disclosed non-brokered private placement on November 4, 2025. Due to strong demand, the company will now raise gross proceeds of up to $4,016,250, an increase from the initially targeted $3,003,750. The terms of the placement remain unchanged: units are priced at $1.35 each, with every unit comprising one common share and one full common share purchase warrant. Each warrant allows the holder to purchase an additional common share at an exercise price of $1.90 for a period of 24 months. The proceeds are designated for advancing the Las Coloradas Silver/Gold project in Mexico and for general working capital.

The increase in the private placement is a positive development, indicating robust investor confidence following the high-grade drill results announced on September 24, 2025. From a risk-averse perspective, this is a mixed signal.

Kingsmen Resources Ltd. is a Canadian-based junior exploration company focused on acquiring and developing silver and gold projects in the prolific Parral Mining District in Chihuahua, Mexico.

Its flagship project is the 100%-owned Las Coloradas project, an 8.5 sq. km land package that contains a past-producing underground silver mine historically operated by ASARCO. The company's strategy is to apply modern exploration techniques to test for extensions of known mineralization below the historically mined areas (which were limited by the water table) and along strike.

In October 2025, the company expanded its footprint by securing an option to acquire 100% of the nearby Almoloya Gold/Silver Project, another historically producing asset in the Parral district.