Magma Silver Announces $4 Million Private Placement

Executive Summary

• Magma Silver Corp. announced a non‑brokered private placement of up to 26,666,667 units at $0.15 per unit, targeting gross proceeds of up to $4 million.
• Each unit consists of one common share and half of a common‑share purchase warrant (full warrant exercisable at $0.25 per share for 36 months).
• Net proceeds are earmarked for exploration at the Niñobamba silver‑gold project in Peru, as well as working capital and general corporate purposes.

Key Details

• Units Offered: Up to 26,666,667 units
• Offering Price: $0.15 per unit
• Aggregate Gross Proceeds: Up to $4,000,000
• Unit Composition:
• 1 common share
• ½ of a common‑share purchase warrant (full warrant exercisable at $0.25 per share)
• Warrant Terms: Exercise price $0.25; exercisable for 36 months after closing.
• Use of Proceeds: Exploration at Niñobamba project (Peru), working capital, general corporate purposes.
• Expected Closing Date: On or about October 22, 2025 (subject to regulatory approvals and TSX Venture Exchange consent).
• Finder Arrangement: Research Capital Corporation appointed as exclusive finder; RCC will receive a cash finder's fee and be issued finder's warrants on funds raised from its introduced investors.

Notable Quotes

(No direct quotes were included in the release.)