Silver47 Announces Upsize of Bought Deal Public Offering to $30 Million

Core Viewpoint - Silver47 Exploration Corp. has announced a bought deal offering of 28,572,000 units at a price of $1.05 per unit, resulting in gross proceeds of $30,000,600 due to strong investor demand [1][3]. Group 1: Offering Details - Each unit consists of one common share and one-half of a common share purchase warrant, with each whole warrant allowing the purchase of one common share at an exercise price of $1.40 for 36 months [2]. - The underwriters have an option to increase the offering size by up to 15% to cover over-allotments, potentially raising gross proceeds to $34,500,690 if fully exercised [4]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to accelerate and expand planned drill programs on the company's silver projects, as well as for working capital and general corporate purposes [3]. Group 3: Closing and Regulatory Approvals - The closing of the offering is expected around the week of January 12, 2026, subject to necessary regulatory approvals, including from the TSX Venture Exchange [5]. - A prospectus supplement will be filed to provide detailed information about the offering and the company [5]. Group 4: Company Overview - Silver47 Exploration Corp. focuses on developing silver-rich deposits in North America, with a combined resource totaling 236 million ounces of silver equivalent at an inferred grade of 334 g/t and 10 million ounces at an indicated grade of 333 g/t [8]. - The company operates in key mining jurisdictions in Alaska, Nevada, and New Mexico [8].