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Financings

Silver Hammer Announces Non-Brokered Private Placement of Units Pursuant to the Listed Issuer Exemption and Secures C$1,600,000 Lead Order from Two Strategic Silver Investors

By The Northwire Desk — AI Analysis Feb 02, 2026 · 11:01 HAMR · 0.11 Silver Hammer Mining Corp.
HAMR · Price

Executive Summary

  • Silver Hammer Mining Corp. announced a non‑brokered private placement of units at C$0.10 per unit, targeting up to C$4.2 million in gross proceeds.
  • The offering includes 25 M–42 M units, each consisting of one common share and half of a share purchase warrant (exercise price C$0.15).
  • Proceeds are earmarked for exploration of the Silver Strand, Fahey, Eliza and Silverton projects in Idaho and Nevada, as well as working capital and general corporate purposes.

Key Details

  • Units Offered: Minimum 25 000 000 units; maximum 42 000 000 units at C$0.10 per unit.
  • Gross Proceeds: Minimum C$2.5 million; up to approximately C$4.2 million.
  • Pricing: Unit price C$0.10; warrant exercise price C$0.15 per share.
  • Warrant Terms: Each unit includes one‑half of a warrant; each full warrant allows purchase of one additional share at C$0.15, exercisable from 61 days after closing until 36 months thereafter.
  • Finder’s Compensation: Up to 7 % of gross proceeds paid as cash finders’ fees and up to 7 % of units issued as non‑transferable finder’s warrants (exercise price C$0.15, 36‑month term).
  • Closing Deadline: Expected before February 25 2026; may close earlier or in multiple tranches at the Company’s discretion.
  • Use of Proceeds: Exploration of Silver Strand and Fahey projects (Idaho) and Eliza and Silverton projects (Nevada); also for working capital and general corporate purposes.
  • Lead Orders Received: C$1.6 million from two strategic silver investors to support 2026 exploration plan.
  • Strategic Context: Recent acquisition of the Fahey Silver Project (Fall 2025) adds a high‑potential, royalty‑free asset in the Coeur d’Alene Mining District; company controls seven former producing mines and has multiple drill‑ready projects.

Notable Quotes

“This offering creates the opportunity for Silver Hammer to be fully financed to explore its entire highly prospective portfolio in 2026 for the next high‑grade silver discovery in Nevada.” – Peter A. Ball, President & CEO

All forward‑looking statements are subject to risks and uncertainties as described in the release.

Read the original news release →

More from Silver Hammer Mining Corp.

May 11, 2026 · 09:01

Silver Hammer Commences Fahey Exploration as Silverton Discovery Fails to Sustain Rally

Production / Operations Apr 07, 2026 · 09:01

“High‑grade silver intercepts revive hopes for a multi‑million ounce resource at Silverton”

Drill Results Mar 11, 2026 · 11:31

Silver Hammer Prepares for Drill Program at Its 100% Owned California Patented Claim at The Eliza Project in Nevada

Drill Results Mar 02, 2026 · 11:48

Silver Hammer Discusses 2026 Exploration Season and Outlook After Completion of Successful Financing

Production / Operations Feb 23, 2026 · 20:24

Silver Hammer closes $3.91-million private placement

Financings Feb 23, 2026 · 12:01

Silver Hammer Closes CDN$3,913,617 Non-Brokered Private Placement Pursuant to Listed Issuer Exemption

Financings