CMX Announces Private Placement

Executive Summary

• CMX Gold & Silver Corp. announced a non‑brokered private placement to raise up to $2,000,000 in gross proceeds.
• The offering consists of up to 8,000,000 units at $0.25 per unit, each unit containing one common share and one warrant exercisable at $0.40 per share for 24 months.
• Proceeds are earmarked for a geophysical survey and an initial diamond‑drilling program on the company’s 100 % owned Clayton Silver Project in Idaho, USA, with field work slated to begin spring 2026.

Key Details

• Units Offered: Up to 8,000,000 units @ $0.25 each → $2,000,000 maximum gross proceeds.
• Unit Composition: 1 common share + 1 warrant (exercisable for one additional common share at $0.40).
• Warrant Terms: Exercise price $0.40 per share; exercisable within 24 months after closing of the offering.
• Investor Eligibility: Units sold to accredited investors and other exempt parties under Canadian securities law exemptions.
• Closing Timeline: Anticipated closing in February 2026.
• Resale Restrictions: Securities subject to a lock‑up period of four months and one day from the date of closing.
• Use of Proceeds:
• Conduct a comprehensive geophysical program (3‑D DCIP and Magnetotelluric surveys) over the historic mine and surrounding structures.
• Fund an initial diamond drilling campaign to test priority targets identified by the surveys.
• Project Background – Clayton Silver Project:
• 100 % owned, 1,028‑acre land package in Idaho’s Bayhorse Mining District.
• Includes 29 patented mining claims (surface rights, no royalties) and two patented mill sites, plus 20 unpatented claims.
• Finder’s Fees: Company may pay finder’s fees to third parties involved in the placement.
• Regulatory Note: Securities are not registered under the U.S. Securities Act of 1933; cannot be offered or sold in the United States absent exemption.

Notable Quotes

(No direct quotes were provided in the release.)