Magma Silver Announces Upsize of Private Placement to $5 Million

Core Viewpoint - Magma Silver Corp. has increased its non-brokered private placement from $4 million to $5 million due to strong investor demand, with the offering consisting of up to 33,333,334 units priced at $0.15 each [1][2]. Group 1: Offering Details - The offering will include units comprising one common share and one-half of a common share purchase warrant, with each whole warrant exercisable at $0.25 for 36 months post-closing [2]. - The anticipated closing date for the offering is around October 22, 2025, subject to regulatory approvals [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for exploration at the Niñobamba silver-gold project in Peru, as well as for working capital and general corporate purposes [2]. Group 3: Company Overview - Magma Silver Corp. focuses on acquiring, exploring, developing, and operating precious metal mining projects, with a primary emphasis on the Niñobamba project, which spans an 8 km mineralized corridor in a high-sulphidation epithermal system [6]. - The company has invested over C$14.5 million in the Niñobamba project to date, leveraging modern geological modeling and a strategic development plan [6].