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Financings

Silverco increases bought deal offering to $62.5M

By The Northwire Desk — AI Analysis Jan 29, 2026 · 20:00 SICO · 12.62 Silverco Mining Ltd.
SICO · Price

Executive Summary

  • Silverco Mining Ltd. upsized its bought‑deal offering from $40 million to $62.5 million, targeting gross proceeds of $62.5 million.
  • The deal includes the sale of 4 million common shares at $12.50 each ($50 million) and 1 million units (each unit = 1 share + ¼ warrant) for an additional $12.5 million.
  • Net proceeds will be used to fund exploration, evaluation and restart work on the Cusi project, as well as general corporate purposes.

Key Details

  • Upsized Offering Size: $62.5 million (previously $40 million).
  • Lead Underwriter / Sole Bookrunner: Velocity Capital Partners (on behalf of a syndicate).
  • Insider Participation: Eric Sprott will place a lead order of $10 million.
  • Share Component: 4 million common shares at $12.50 per share → gross proceeds $50 million to the company.
  • Unit Component: 1 million units at $12.50 per unit → gross proceeds $12.5 million to the company.
  • Unit Structure: Each unit = 1 common share + ¼ warrant; each full warrant exercisable for one share at $18 per share, valid for 18 months from issuance.
  • Exemptions Used:
  • Shares – listed‑issuer financing exemption under NI 45‑106 (modified by COBO 45‑935).
  • Units – other NI 45‑106 exemptions (non‑listed‑issuer).
  • Private‑Placement Availability: May be offered offshore and in the U.S. under applicable securities law exemptions; treated as restricted securities in the U.S.
  • Resale Restrictions:
  • Shares issued under listed‑issuer exemption – no resale restrictions.
  • Units (and underlying securities) – subject to a hold period of four months and one day from closing under Canadian law.
  • Use of Proceeds: Exploration, evaluation and restart work on the Cusi project; general & administrative expenses; working capital.
  • Closing Timeline: Expected to close on or about Feb 19 2026, subject to customary conditions (TSX‑V conditional listing approval, regulatory approvals).
  • Documentation: Amended and restated offering document available on SEDAR+ and the company website; investors urged to review before investing.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

More from Silverco Mining Ltd.

Nov 05, 2026 · 17:52

Silverco’s administrative preliminary economic assessment filing mirrors its September guidance, offering no new catalysts to re-rate the stock.

Technical Study Oct 14, 2026 · 06:31

Silverco’s Cusi infill drilling confirms the mine plan without adding scale to the C$470 million producer.

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Silverco reports first revenue but faces a going-concern caveat as its silver project remains thin.

Earnings Aug 24, 2026 · 06:31

Silverco’s La Negra debottlenecking aims to reach 2,500 tpd by the first half of 2027.

Drill Results Aug 04, 2026 · 06:31

Silverco’s Cusi project is 68% complete with the first blast, targeting Q4 2026 concentrate production.

Production / Operations