Northwire Canada EditionThursday, November 12, 2026
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Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7% Gold 4,000.50 −0.7% Silver 52.00 +1.5% Copper 6.27 +0.5% Oil 86.53 +0.6% Palladium 1,030.00 +0.9% TIG 0.800 +0.0% RVG 0.715 −4.0% FNV 354.26 −2.4% FDY 4.30 −0.5% MAU 16.05 −3.2% VOXR 6.78 −0.6% TLO 7.04 −1.0% NICU 1.95 −5.8% VTEN 0.440 +0.0% AWM 0.025 +0.0% OR 50.79 −1.8% AUXX 5.30 −5.5% TNR 0.420 +40.0% ORCL 0.030 +0.0% ELD 47.71 −5.4% OPW 0.140 −6.7%
Resource Estimate

Argenta Silver closes $23-million private placement

By The Northwire Desk — AI Analysis Jan 22, 2026 · 20:51 AGAG · 0.82 Argenta Silver Corp.
AGAG · Price

Executive Summary

  • Argenta Silver Corp. closed a bought deal private placement raising C$23 million in gross proceeds, including the full exercise of the overallotment option.
  • The offering issued 28.75 million common shares at C$0.80 per share, with underwriters receiving C$1.38 million in cash fees and 1.725 million non-transferable warrants.
  • The release includes updated early warning reports for major shareholders Frank Giustra and Eduardo Elsztain, confirming their ownership diluted below the 10% threshold, alongside a detailed overview of the El Quevar project's infrastructure and mineral resource estimates.

Key Details

  • Gross Proceeds: C$23 million (includes full exercise of overallotment option)
  • Shares Issued: 28.75 million common shares
  • Offering Price: C$0.80 per share
  • Underwriters: Red Cloud Securities Inc. (lead underwriter/sole bookrunner) and Raymond James Ltd.
  • Underwriter Compensation: Aggregate cash fees of $1.38 million and 1,725,000 non-transferable common share purchase warrants
  • Warrant Terms: Each warrant exercisable into one common share at C$0.80/share, exercisable on or before Jan. 22, 2028
  • Regulatory Exemption: Issued under the listed issuer financing exemption (Part 5A of NI 45-106); shares are immediately freely tradeable in Canada
  • Early Warning - Frank Giustra: Ownership diluted from 11.34% to 9.89% of outstanding shares (9.96% on a partially diluted basis); no longer deemed a 10% holder, terminating early warning filing requirements
  • Early Warning - Eduardo Elsztain: Ownership diluted from 12.57% to 9.74% of outstanding shares (12.27% on a partially diluted basis)
  • El Quevar Project Location: Salta, Argentina, spanning 57,000 hectares
  • Project Infrastructure: Over 60 km of internal roads, fully owned/operational camp for 100 workers, railroad/gas pipeline/service road 3 km from camp, high-voltage transmission line ~20 km away
  • Yaxtche Deposit Mineral Resource (Indicated): 45.3 million ounces of silver from 2.93 million tonnes grading 482 g/t Ag
  • Yaxtche Deposit Mineral Resource (Inferred): 4.1 million ounces from 310,000 tonnes grading 417 g/t Ag
  • Mineralization Style: Silver-rich, high-to-intermediate-sulphidation epithermal system with associated gold, controlled by fault structures and hosted in brecciated zones and dacite domes
  • Qualified Person: Rob van Egmond, PGeo (NI 43-101 compliant)
  • Regulatory Status: Closing remains subject to final approval of the TSX Venture Exchange
Read the original news release →

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