Vancouver, British Columbia--(Newsfile Corp. - January 30, 2026) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) ("Sierra Madre" or the "Company") is pleased to announce it has closed the second and final tranche (the "Second Tranche") of its previously announced brokered private placement of subscription receipts (the "Subscription Receipts") at a price of $1.30 per Subscription Receipt (the "Issue Price"). In connection with the Second Tranche, the Company issued 13,709,576 Subscription Receipts for aggre ...

Core Points - NevGold Corp has entered into an agreement with Clarus Securities Inc. for a best efforts private placement of units at a price of $0.65 per unit, aiming for gross proceeds of up to $10 million [1][4] - Each unit consists of one common share and one-half of a common share purchase warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.90 for 24 months [2][3] - The net proceeds from the offering will be used for advancing various projects including the Limousine Butte gold-antimony project in Nevada and the Nutmeg Mountain gold project in Idaho [4] Offering Details - The offering will be conducted under an agency agreement, with the agent receiving a 7.0% cash commission and 7.0% non-transferable compensation options on the units sold [3] - The closing of the offering is anticipated around November 27, 2025, subject to necessary approvals [4] - The units will be offered to purchasers in Canada, excluding Quebec, under the Listed Issuer Financing Exemption, meaning the securities will not be subject to a hold period [5] Company Overview - NevGold is an exploration and development company focused on large-scale mineral systems in Nevada and Idaho [9][10] - The company owns a 100% interest in several projects, including Limousine Butte and Cedar Wash in Nevada, and Nutmeg Mountain and Zeus in Idaho [10]

Core Viewpoint - Midnight Sun Mining Corp. has successfully closed an upsized "bought deal" financing, raising gross proceeds of C$30,475,575, which includes the full exercise of the Underwriters' Option [1][2]. Financing Details - The Offering involved the issuance of 22,574,500 units at a price of C$1.35 per unit, conducted on a prospectus-exempt basis under the LIFE Exemption [2]. - The Offering was led by Haywood Securities Inc. as the lead underwriter, along with a syndicate of underwriters including Beacon Securities Limited, Red Cloud Securities Inc., and SCP Resource Finance LP [3]. - 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 C$2.00 until October 28, 2027 [4]. Use of Proceeds - The net proceeds from the Offering will be allocated towards advancing exploration projects in Zambia and for general working capital and corporate purposes [5]. Underwriter Compensation - The Company paid the Underwriters a cash commission of 6.0% of the gross proceeds and issued transferable compensation options equal to 6.0% of the total units sold [7]. Regulatory Approval - The Offering is subject to final approval from the TSX Venture Exchange [8]. Company Overview - Midnight Sun is focused on exploring its flagship Solwezi Project in Zambia, located in the Zambia-Congo Copperbelt, a major copper-producing region [10].