Silver North Announces Further Upsize of Brokered LIFE Private Placement for Gross Proceeds of up to C$10.6 Million

Silver North Resources Ltd. has announced a further upsize of its previously disclosed brokered private placement financing, with maximum gross proceeds now reaching C$10.6 million. The financing is structured as a LIFE (Listed Issuer Financing Exemption) private placement being conducted on a best efforts basis by Red Cloud Securities Inc. as the lead underwriter.

The decision to increase the financing size follows the company's initial announcement on January 16, 2026, and reflects what the company characterizes as strong investor demand for the offering. This level of investor interest suggests confidence in Silver North's strategic direction and project portfolio, particularly given the current market environment for precious metals explorers.

The successful completion of this enlarged financing would provide Silver North with significant working capital to advance its exploration programs and corporate objectives. For the broader TSXV-listed precious metals sector, this financing demonstrates that well-positioned companies can still access meaningful capital despite challenging market conditions. The involvement of Red Cloud Securities, a respected mining-focused investment bank, adds credibility to the transaction and suggests institutional investor participation.

The upsize of this private placement positions Silver North to potentially accelerate its exploration timeline and pursue more aggressive drilling programs or strategic acquisitions. This level of financing also provides the company with enhanced financial flexibility to navigate market volatility while advancing its silver-focused asset base.