Silver North Announces Brokered LIFE Private Placement for Gross Proceeds of up to C$5.0 Million

On January 15, 2026, Silver North Resources announced a brokered private placement to raise up to C$5.0 million (with a C$1.0 million over-allotment option). The financing is led by Red Cloud Securities and includes two types of securities: Non-Flow-Through (NFT) units at C$0.40 and Charity Flow-Through (CFT) units at C$0.56. Both include a half-warrant exercisable at C$0.56 for 36 months. This financing follows a string of high-grade drill results from the Haldane Silver Property, specifically the January 12, 2026, announcement of 9.10 metres averaging 428.3 g/t silver and 0.73 g/t gold.

This news is Material - Positive for three reasons: - Institutional Validation: Shifting from non-brokered to a brokered placement led by a specialized mining firm (Red Cloud) indicates increasing institutional interest following the "Main Fault" discovery. - Capital Sufficiency: The C$5.0 million raise significantly exceeds the company's previous smaller rounds (C$1.35M and C$2.1M in 2025), providing the treasury required for a more aggressive, systematic 2026 drill program rather than "hand-to-mouth" exploration. - Strategic Timing: The company is capitalizing on a massive price spike (the stock moved from C$0.25 in mid-November to C$0.57 in January) to raise funds at C$0.40, minimizing dilution compared to 2025 levels (C$0.10 - C$0.21).

Silver North (formerly Alianza Minerals) is focused on silver-lead-zinc-gold exploration in the Yukon. - Haldane (Flagship): Located in the Keno Hill District. The "Main Fault" discovery has emerged as a high-grade Keno-style vein system. Recent drilling has extended mineralization over 100m strike and 150m downdip. - Tim Project: A Carbonate Replacement Deposit (CRD) target under option to Coeur Mining (Coeur can earn up to 80%). - Veronica: A newly discovered CRD-style target with high-grade grab samples (up to 2,860 g/t Ag and 76% Pb).