Northwire Canada EditionTuesday, July 28, 2026
Sign inSubscribe
Northwire
⌕
BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.61 −3.3% GEN 0.070 +0.0% MAI 4.34 −3.1% RYR 0.175 +0.0% SCD 0.170 +1.5% SRC 1.75 −2.8% FOXT 0.155 +0.0% TG 0.180 −2.7% NOBL 0.100 −4.8% MGG 0.285 −5.0% HMR 0.530 −1.9% NRC 0.980 −2.0% SIG 0.925 +0.5% LMR 0.125 +66.7% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.61 −3.3% GEN 0.070 +0.0% MAI 4.34 −3.1% RYR 0.175 +0.0% SCD 0.170 +1.5% SRC 1.75 −2.8% FOXT 0.155 +0.0% TG 0.180 −2.7% NOBL 0.100 −4.8% MGG 0.285 −5.0% HMR 0.530 −1.9% NRC 0.980 −2.0% SIG 0.925 +0.5% LMR 0.125 +66.7%
Financings

AbraSilver Announces $43.4 Million "Bought Deal" Life Private Placement to Advance Diablillos Project

By The Northwire Desk — AI Analysis Oct 06, 2025 · 16:58 ABRA · 7.47 AbraSilver Resource Corp.
ABRA · Price

Executive Summary

  • AbraSilver Resource Corp. entered into a bought‑deal underwriting agreement for up to 6,113,000 common shares at C$7.10 per share, targeting gross proceeds of C$43.4 million.
  • The underwriters hold an option to purchase an additional 929,253 shares (up to C$6.60 million) prior to closing.
  • Net proceeds are earmarked for early‑stage development of the 100% owned Diablillos silver‑gold project in Argentina, including infrastructure, long lead‑time items, advanced engineering and exploration programs.

Key Details

  • Underwriters: National Bank Financial Inc. and Beacon Securities Limited (co‑lead underwriters & co‑bookrunners).
  • Offering Size: 6,113,000 shares at C$7.10 each → C$43,402,300 gross proceeds.
  • Underwriters’ Option: Up to 929,253 additional shares at the same price → up to C$6,597,696.30 extra proceeds.
  • Concurrent Private Placement: Potential parallel private placement of shares at the same price for Kinross Gold Corp. and Proener SAU (Central Puerto) under a participation right; subject to a four‑month plus one day hold period.
  • Closing Date: Expected on or about October 22, 2025; must occur no later than 45 days after the release.
  • Regulatory Basis: Listed Issuer Financing Exemption (NI 45‑106) in Canada (excluding Quebec); U.S. offering under applicable securities exemptions.
  • Use of Proceeds:
  • On‑site infrastructure development for Diablillos project.
  • Procurement of critical long lead‑time items.
  • Advanced engineering studies.
  • Exploration programs to advance the silver‑gold resource.
  • General corporate purposes.
  • CEO Quote (John Miniotis): Emphasized “positive momentum” and that funds will accelerate development, positioning AbraSilver as a leading silver‑gold developer in the Americas.

Notable Quotes

“We are very pleased with the positive momentum AbraSilver continues to build and the support we have received from our investors. The funds raised will help accelerate the development of our high-quality Diablillos silver‑gold project and further positions our Company as one of the leading silver‑gold development companies in the Americas.” – John Miniotis, President & CEO

Read the original news release →

More from AbraSilver Resource Corp.

Jul 22, 2026 · 16:23

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.

Financings Jul 21, 2026 · 07:31

AbraSilver’s DFS confirms a $3 billion NPV, with heap leach potential preserving future optionality for the project.

Technical Study Jul 13, 2026 · 07:31

AbraSilver’s high-grade step-out at Oculto West supports its growth thesis, though the single hole lacks the scale to re-rate the DFS-stage developer.

Drill Results Jun 24, 2026 · 17:16

AbraSilver’s final Catamarca permit clears provincial hurdles, shifting focus to project financing and final investment decision for the deposit.

Resource Estimate Jun 22, 2026 · 17:16

AbraSilver’s Diablillos DFS yields a $4.2B after-tax NPV against $722M capex, significantly exceeding the company’s current market capitalization.

Technical Study Jun 19, 2026 · 17:01

AbraSilver Announces Filing of Technical Report for Updated Mineral Resource Estimate on the Diablillos Project

Resource Estimate