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Financings

Silver One Announces Closing of Final Tranche of $32 Million Financing

By The Northwire Desk — AI Analysis Feb 03, 2026 · 23:32 SVE · 0.7 Silver One Resources Inc.
SVE · Price

Executive Summary

  • Silver One Resources closed the second and final tranche of its non‑brokered private placement, raising $922,200 in gross proceeds.
  • The total offering now totals 55,173,000 units for aggregate gross proceeds of $32,000,340 at $0.58 per unit.
  • Net proceeds are earmarked for drilling, exploration, metallurgical and environmental work, a pre‑feasibility study, claim payments, and general working capital on the Candelaria Project and other properties.

Key Details

  • Units Issued (Second Tranche): 1,590,000 units at $0.58 per unit → gross proceeds: $922,200.
  • Total Units Issued (Entire Offering): 55,173,000 units at $0.58 per unit → aggregate gross proceeds: $32,000,340.
  • Unit Composition: Each unit = 1 common share + ½ of a common‑share purchase warrant (full warrant allows purchase of one additional share at $0.80 for three years).
  • Finder Fees Paid: $1,834,754 cash fee; no finder’s warrants issued.
  • Use of Net Proceeds:
    1. Drilling program at the Candelaria Project.
    2. Exploration and geophysics work on other mineral properties.
    3. Metallurgical and environmental studies for Candelaria.
    4. Preparation of a pre‑feasibility study for Candelaria.
    5. Annual mineral claim payments to the U.S. Bureau of Land Management.
    6. Additional exploration drilling on company properties.
    7. General working capital.
  • Regulatory Exemption: Units offered to Canadian investors under NI 45‑106 Part 5A (exempt from prospectus); no hold period in Canada (excluding Quebec).
  • U.S. Offering Disclaimer: Securities not registered under the U.S. Securities Act; sales prohibited in the United States except via exemptions or registration.

Notable Quotes

(No executive quotes were included in this release.)

Read the original news release →

More from Silver One Resources Inc.

Nov 03, 2026 · 00:16

Silver One accelerates its Candelaria drill program by mobilizing two new rigs to the Nevada site.

Drill Results Oct 13, 2026 · 03:15

Silver One expands district targets at Candelaria via ZTEM survey ahead of the late-2026 preliminary feasibility study.

Drill Results Oct 01, 2026 · 00:16

Silver One adds metres to its drilling pace at the project without reporting new assay results or rock samples.

Drill Results Sep 17, 2026 · 00:16

Silver One’s 400 m down-dip step-out at the project returned 25.9 m at 250 g/t AgEq, with half the holes still pending.

Drill Results Sep 14, 2026 · 00:16

Microgravity survey targets dense native silver bodies at Phoenix Silver's 417 zone.

Drill Results Aug 27, 2026 · 00:16

Silver One upgraded Candelaria leach pad resources to measured and indicated, boosting total silver equivalent to 126.6 million ounces.

Resource Estimate