Silver North Announces Closing of Brokered LIFE Private Placement for Gross Proceeds of C$11.6 Million

Silver North Resources Ltd. has successfully closed a significant C$11.6 million brokered private placement, demonstrating strong investor appetite for the company's silver exploration assets in Yukon Territory. The financing was structured as a mixed offering, selling 4.98 million units at C$0.40 per unit and 17.11 million flow-through units to charitable purchasers at C$0.56 per unit, with Red Cloud Securities acting as sole agent and bookrunner.

The financing structure is particularly noteworthy for its use of the Listed Issuer Financing Exemption (LIFE), which allows 15.7 million securities to be immediately freely tradeable, providing enhanced liquidity for investors. The flow-through component specifically targets charitable purchasers and carries tax advantages, with proceeds dedicated to qualifying Canadian exploration expenses on the Haldane and GDR projects by December 31, 2027.

The capital injection positions Silver North to advance exploration programs on its flagship Haldane Silver Project, strategically located adjacent to Hecla Mining's Keno Hill Mine project in Yukon. The company's portfolio also includes the Tim Silver Project under option to Coeur Mining in the Silvertip/Midway District, and the GDR (Veronica) project in the same district, providing diversified exposure to high-grade silver opportunities in favorable mining jurisdictions.

This financing comes at a time when silver exploration companies are attracting increased investor interest, and Silver North's ability to raise substantial capital at reasonable terms reflects market confidence in its asset base and management team. The proceeds will support both exploration activities and working capital needs, providing the company with financial flexibility to execute its development strategy through the current commodity cycle.