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IMPACT Silver Announces Closing of C$16.0 Million Bought Deal LIFE Private Placement
Newsfile· 2025-09-17 14:45
Core Viewpoint - IMPACT Silver Corp. has successfully closed a bought deal private placement, raising gross proceeds of C$16,000,000.56, which includes the full exercise of the underwriters' over-allotment option [2][3]. Group 1: Offering Details - The company sold 44,444,446 units at a price of C$0.36 per unit, with each unit consisting of one common share and one common share purchase warrant [2][3]. - Each warrant allows the holder to purchase one common share at a price of C$0.45 until September 17, 2027 [3]. - The underwriters, Red Cloud Securities Inc. and Research Capital Corporation, received cash fees totaling C$1,040,000.04 and 2,888,888 non-transferable common share purchase warrants [5]. Group 2: Use of Proceeds - The net proceeds from the offering will be used for advancing underground development and infrastructure at the high-grade Guadalupe mine, increasing processing plant throughput, and expanding mining operations at the Plomosas zinc-silver-lead mine [6]. Group 3: Regulatory Compliance - The units were issued to Canadian purchasers under the listed issuer financing exemption and are freely tradeable under applicable Canadian securities legislation [4]. - The offering was also made in offshore jurisdictions and the United States on a private placement basis, adhering to exemptions from the registration requirements of the U.S. Securities Act [4][8]. Group 4: Company Overview - IMPACT Silver Corp. is a producer-explorer with two mining projects in Mexico, including the Zacualpan project and the Plomosas mine, which have shown significant production and exploration potential [9][13].
Polymetals Resources (POL) 2025 Earnings Call Presentation
2025-08-06 01:35
Company Overview - Polymetals is an Australian silver and zinc producer focused on the Endeavor Silver Zinc Mine in the Cobar Basin, NSW[1, 4, 10, 11] - Board and management hold approximately 35% of the company, representing an investment of over $10 million[6] Endeavor Mine Operations & Resources - The Endeavor mine has a 1.2 million tonnes per annum (1.2Mtpa) processing capacity and significant existing infrastructure[15] - The mine has a remaining mineral resource of 16.3 million tonnes (16.3Mt) containing 44.2 million ounces (44.2Moz) of silver, 1.3 million tonnes (1.3Mt) of zinc and 0.73 million tonnes (0.73Mt) of lead[16, 17, 61] - Initial 10-year mine plan targets early silver cash flow, projecting 21.4 million ounces (21.4Moz) of contained silver, 400,000 tonnes of contained zinc, and 172,000 tonnes of contained lead[19] - The first 2 years of the mine plan are projected to generate $250 million EBITDA from 5 million ounces (5Moz) of silver production[19] Financial Performance & Exploration - Concentrate prepayments for July 2025 totaled $11.6 million, with $15.5 million in operating cash flow generated to the end of July 2025[35] - As of August 4, 2025, the company had A$22 million cash at bank and A$7 million available from a finance facility[35, 48] - The company has a $7.5 million annual exploration budget to extend mine life and discover new deposits[37] - Polymetals owns 1,107 square kilometers (1,107km²) of exploration licenses in the Northern Cobar Basin, offering potential for new discoveries[39]