Silver Hammer Closes CDN$1,809,000 Fully Subscribed Non-Brokered Private Placement of Units

Core Viewpoint - Silver Hammer Mining Corp. has successfully closed the second tranche of its non-brokered private placement, raising a total of CDN$1.8 million, which will be used for exploration and general corporate purposes in a favorable silver market [1][2][6]. Financing Details - The second tranche involved the issuance of 26,864,491 units at CDN$0.055 per unit, generating gross proceeds of CDN$1,477,547.01, bringing the total units issued to 32,890,909 and total gross proceeds to CDN$1,809,000 [1][2]. - Each unit consists of one common share and one transferable common share purchase warrant, with each warrant allowing the purchase of an additional share at CDN$0.07 for five years [2]. Market Context - The silver market is currently robust, with prices approaching $43 per ounce, indicating potential for further upside in 2026 and beyond [2]. - The company is well-positioned with seven historical high-grade drill-ready silver mines in Idaho and Nevada, with no royalties or future payments required [2]. Project Overview - The Silverton Project in Nevada has identified 13 drill targets, with previous exploration indicating two mineralized systems: silver-rich and gold-rich, with silver grades ranging from 0.32 g/t to 692 g/t [7]. - The Silver Strand Project in Idaho plans to execute an eight-hole exploration drill program, with historical drilling showing high-grade silver and gold mineralization [9]. - The Eliza Project in Nevada has confirmed a silver-rich mineral system with elevated copper, lead, and zinc levels, and the company is fast-tracking a Plan of Operations for further exploration [11]. Related Party Transactions - Certain directors and officers purchased a total of 2,952,310 units in the second tranche, qualifying as a related party transaction, with exemptions from formal valuation and minority shareholder approval requirements [5].