Core Viewpoint - CMX Gold & Silver Corp. plans to raise up to $2,000,000 through a non-brokered private placement financing to fund exploration activities on its Clayton Silver Project in Idaho, U.S.A. [1][2] Financing Details - The Offering will consist of up to 8,000,000 units priced at $0.25 per unit, with each unit comprising one common share and one warrant exercisable at $0.40 per share within 24 months [2][3] - The proceeds will be allocated for a geophysical survey and an initial diamond drilling program on the Clayton Silver Project [2] Project Overview - The Clayton Silver Project is CMX's flagship asset, covering 1,028 acres in the Bayhorse Mining District of Idaho, including 29 patented mining claims and two patented mill sites [3] - The patented claims provide surface ownership rights, carry no government royalties, and do not require drilling permits [3] Exploration Plans - Starting in spring 2026, CMX intends to conduct a comprehensive geophysical program, including a 3-D Direct Current Induced Polarization survey and a Magnetotelluric survey to identify mineralization targets [4]
CMX Announces Private Placement
Thenewswire·2026-01-13 22:30