Silver North Closes Previously Announced $2.1 Million Private Placement

Core Viewpoint - Silver North Resources Ltd. has successfully closed a non-brokered private placement, allowing the company to advance its exploration activities at the Haldane Property in the Keno Hill Silver District [2][4]. Financing Details - The private placement raised gross proceeds of up to $2,100,000 through the sale of charity flow-through units (CFT Units) priced at $0.21 each [2]. - Each CFT Unit consists of one common share and one-half of a common share purchase warrant, with the warrants exercisable at $0.35 per share for 48 months [2]. - Certain purchasers of CFT Units have donated or sold these units at a price of $0.15 per unit [3]. Use of Proceeds - The proceeds from the CFT Units will be allocated to exploration and related programs on the Haldane and GDR mineral properties in Yukon Territory [4][11]. - The company plans to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures by December 31, 2026, and to renounce these expenditures to CFT Unit subscribers by December 31, 2025 [5]. Exploration Plans - A 10-hole diamond drilling program is planned at Haldane, targeting the newly identified Main Fault, which has shown high-grade silver veins [12]. - The drilling will follow up on previous discoveries, including a hole that returned 1,088 g/t silver over 1.83 meters [12]. Company Overview - Silver North Resources Ltd. owns the Haldane Silver Project, Tim Silver Project, and GDR Project, with plans to acquire additional silver properties in favorable jurisdictions [13]. - The company is listed on the TSX Venture Exchange under the symbol "SNAG" and trades on the OTCQB market in the U.S. under "TARSF" [14].