Silver Valley Announces Closing of $2 Million Private Placement Financing

Executive Summary

• Silver Valley Metals Corp. closed its previously announced non‑brokered private placement, raising $2,000,000 in gross proceeds.
• The financing consisted of 16,666,667 units sold at $0.12 per unit, each unit containing one common share and one warrant (exercise price $0.25, 24‑month term).
• Net proceeds will be used to pursue an accretive mineral project acquisition, advance the Mexi‑Can Lithium‑Potash Project, and fund general working capital and corporate purposes.

Key Details

• Units Issued: 16,666,667 units @ $0.12 per unit → $2,000,000 gross proceeds.
• Unit Composition: 1 common share + 1 common share purchase warrant per unit.
• Warrant Terms: Exercise price $0.25; exercisable for 24 months from issuance date.
• Insider Participation: 3 insiders subscribed for $498,000 of the financing (≈ 25% of market cap threshold, exempt from MI 61‑101 valuation/approval requirements).
• Use of Proceeds:
• Acquire an accretive mineral project of scale.
• Maintain and selectively advance the Mexi‑Can Lithium‑Potash Project in a capital‑efficient manner, with potential future partnership opportunities.
• General working capital and corporate purposes.
• Regulatory Status: Conditional approval received from TSX Venture Exchange; final acceptance still pending.
• Statutory Hold Period: All securities issued are subject to a four‑month hold period.

Notable Quotes

“The net proceeds of the Financing will be used to advance the Company's strategic objective of acquiring an accretive mineral project of scale, while maintaining and selectively advancing its Mexi‑Can Lithium‑Potash Project in a capital‑efficient manner with a view toward potential future partnership opportunities.” – Brandon Rook, President & CEO, Director

All boilerplate, forward‑looking statements, and contact information have been omitted for brevity.