Silver Valley Metals Announces $2.4 Million Non-Brokered Private Placement Financing

Silver Valley Metals Corp. (SILV) announced a non-brokered private placement of up to 30,000,000 units at $0.08 per unit, targeting gross proceeds of $2.4 million. Each unit comprises one common share and one common share purchase warrant. The warrant terms allow exercise of one share at $0.12 for 24 months from issuance.

Three insiders are subscribing for CAD $470,000, classified as a related-party transaction exempt from formal valuation and minority shareholder approval under MI 61-101. No finder's fees are payable. Securities carry a statutory hold period of 4 months and 1 day.

Net proceeds will fund working capital, advance the Mexi-Can Lithium-Potash Project, and evaluate M&A opportunities. The transaction requires TSXV approval.

• The financing is highly dilutive, adding 30 million new shares and 30 million warrants to an existing base of ~36 million shares.
• The $0.08 issue price represents a ~27% discount to the recent trading range of $0.10–$0.11, signaling management's urgency to raise capital and a lack of pricing power.
• This follows a $2 million placement in January/February 2026 priced at $0.12. The accelerated need for cash and the lower price point indicate rapid capital consumption and deteriorating liquidity.
• The $0.12 warrant exercise price sits just above the current market price, creating a near-term overhang that will cap upside if the stock rallies.
• While the financing extends the company's runway, it does so at a significant cost to existing shareholders and confirms the company's reliance on continuous equity dilution to operate.

Silver Valley Metals Corp. (SILV) focuses on the Mexi-Can Lithium-Potash Project located in Zacatecas and San Luis Potosi, Mexico. The project holds a NI 43-101 inferred resource of 12.3 million tonnes of sulphate of potash (SOP) and 243,000 tonnes of lithium carbonate equivalent (LCE). This resource is defined from surface to an average depth of 5 meters in near-surface sediments, suggesting potential for low-cost open-pit or evaporation methods.

The company also holds an equity position in Silver Dollar Resources, which operates silver-zinc-lead projects in Mexico, and maintains royalty interests on the Ranger-Page project in Idaho. Silver Valley Metals is currently in the exploration stage, with no production, no reserves, and no revenue.