AbraSilver Announces C$45 Million "Bought Deal" Public Offering of Common Shares
AbraSilver secured C$45m in early works funding for the Diablillos project, which has completed its DFS and obtained permitting ahead of a 2029 final investment decision.
AbraSilver Resource Corp. announced a C$45 million bought-deal public offering of common shares. The company will issue 3,062,000 shares at C$14.70 per share, with an over-allotment option for up to 339,000 additional shares. Underwriters for the offering include National Bank Financial, Beacon Securities, and Raymond James.
Net proceeds from the offering will fund early works and long-lead time equipment procurement for the Diablillos project, with the balance allocated for general corporate purposes. Closing is expected on or about July 29, 2026, subject to TSX approval.
AbraSilver Resource Corp. (ABRA) has completed a financing round, a standard procedural step following the conclusion of its Definitive Feasibility Study (DFS) and the acquisition of all necessary provincial environmental permits. The shares were issued at a price of C$14.70, reflecting a typical bought-deal discount from the July 21 closing price of $15.39. While this pricing structure is common for market execution, it may induce short-term selling pressure.
The capital raise results in manageable dilution of approximately 1.9% against the company’s ~160.8 million shares outstanding. The funds will support the company’s roadmap to begin early works and procure long-lead items in Q3 2026, a move designed to de-risk the path toward a Final Investment Decision (FID) targeted for Q2 2027. The transaction does not alter the project’s economics or timeline, serving instead to confirm the execution of the previously disclosed development plan.
AbraSilver Resource Corp. (ABRA) is an advanced-stage exploration and development company focused on the 100%-owned Diablillos silver-gold project in the Salta and Catamarca provinces of Argentina. The project has completed a Definitive Feasibility Study (DFS) outlining a conventional open-pit, 9,000 tpd tank leach operation.
DFS economics at base-case prices ($50/oz Ag, $3,650/oz Au) show an after-tax NPV5% of US$3.0 billion, an IRR of 41.9%, and a payback period of 1.7 years. Production profile targets 20 moz AgEq annually in the first five years, with a 25-year life of mine.
The company also holds an earn-in option on the La Coipita copper-gold-molybdenum project in San Juan Province, currently being advanced by Teck Resources.