On July 29, 2025, Silver Mountain Resources Inc. completed a bought deal public offering of 19,230,300 units at a price of $1.30 per unit for aggregate gross proceeds of approximately $25 million, which included the exercise in full of the underwriters’ over-allotment option. Each unit was comprised of one common share and one-half of one common share purchase warrant, with each warrant exercisable at a price of $1.70 for a period of 24 months following the date of issuance.
The offering was conducted by a syndicate of underwriters including Velocity Capital Partners, as sole bookrunner, and as co-lead underwriters with SCP Resource Finance LP, together with Research Capital Corporation and Stifel Nicolaus Canada Inc.
Cassels acted for the underwriters.