IMPACT Silver upsizes private placement to C$13 million

IMPACT Silver Corp. (TSXV: IPT) increased its previously announced private placement from C$8 million to C$13 million due to strong investor demand, according to a company statement.

The Vancouver-based mining company will issue 36,111,112 units at C$0.36 per unit through underwriters Red Cloud Securities Inc. and Research Capital Corporation. Each unit consists of one common share and one warrant, with warrants exercisable at C$0.45 within 24 months of closing.

The underwriters have an over-allotment option to purchase an additional 8,333,334 units for up to C$3 million in additional proceeds. The offering is scheduled to close on September 17, 2025, subject to regulatory approvals including TSX Venture Exchange approval.

IMPACT plans to use proceeds to advance underground development at its Guadalupe mine in Mexico and Guerrero states, expand operations at its Plomosas zinc-silver-lead mine in Chihuahua state, and for general working capital.

The units will be sold under Canada's listed issuer financing exemption in all provinces except Quebec. Securities sold under this exemption to Canadian residents will be immediately freely tradeable. Units may also be sold in offshore jurisdictions and the United States through private placement exemptions.

IMPACT operates two mining projects in Mexico through its Royal Mines of Zacualpan Silver-Gold District and Plomosas Zinc-Lead-Silver District. The company has produced over 13.5 million ounces of silver over 19 years, generating more than $298 million in revenue.

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