Magma Silver Announces Upsize of Private Placement to $5 Million

Executive Summary

• Magma Silver Corp. upsized its previously announced non‑brokered private placement from $4 M to $5 M in aggregate gross proceeds.
• The offering consists of up to 33,333,334 units at $0.15 per unit; each unit includes one common share and half of a common‑share purchase warrant (exercisable at $0.25 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

• Offering Size: Increased to $5,000,000 gross proceeds (up from $4,000,000).
• Units Offered: Up to 33,333,334 units at $0.15 per unit.
• Unit Composition: 1 common share + ½ of a common‑share purchase warrant.
• Warrant Terms: Each whole warrant allows purchase of one common share at $0.25 per share; exercisable for 36 months after closing.
• Closing Date: Anticipated on or about October 22, 2025, subject to regulatory approvals and TSX Venture Exchange consent.
• Use of Proceeds: Primarily for exploration at the Niñobamba project (Peru), plus working capital and general corporate purposes.
• Finder Arrangement: Research Capital Corporation appointed as exclusive finder; will receive a cash finder's fee and be issued finder's warrants on funds raised from its introduced investors.
• Regulatory Conditions: Closing contingent upon receipt of all necessary regulatory approvals, including TSX Venture Exchange approval.

Notable Quotes

(No executive quotes were provided in the release.)