Silver One Announces Closing Of Final Tranche Of $32 Million Financing
Silver One Resources Inc. (TSX-V: SVE) (OTCQX: SLVRF) (FSE: BRK1) is pleased to announce that it has closed its second and final tranche of its previously announced non-brokered private placement financing (see news release dated January 13, 2026, January 14, 2026 and January 29, 2026). Under the Second Tranche, the Company issued 1,590,000 units of the Company at a price of $0.58 per Unit for gross proceeds of $922,200. Under the entire Offering, the Company issued a total of 55,173,000 Units at a price of $0.58 per Unit for aggregate gross proceeds of $32,000,340.
Each Unit consists of one common share and one-half of one common share purchase warrant, with each whole Warrant entitling the holder to purchase one additional common share at $0.80 per Warrant Share for a period of three years from the date of issue.
The securities issued under the Offering to Canadian subscribers are not subject to a hold period in Canada as the Units were offered pursuant to Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935, Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, to purchasers resident in Canada (other than the province of Quebec). Under the entire Offering, the Company paid finders a cash fee totaling $1,834,754. No finder’s warrants were issued.
The net proceeds of the Offering will be used on (i) its drilling program at the Candelaria Project; (ii) certain exploration and geophysics work at its mineral properties; (iii) metallurgical and environmental work at the Candelaria Project, (iv) preparing a pre-feasibility study on the Candelaria Project; (v) annual mineral claim payments to the Bureau of Land Management; (vi) exploration drilling at the Company’s mineral properties and (vii) general working capital purposes.
This news release does not constitute an offer to sell, or solicitation of an offer to buy, nor will there be any sale of any of the securities offered in any jurisdiction where such offer, solicitation or sale would be unlawful, including the United States of America. The securities being offered as part of the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and accordingly may not be offered or sold in the United States except in compliance with the registration requirements of the U.S. Securities Act and any applicable state securities laws, or pursuant to available exemptions therefrom.
About Silver One
Silver One is focused on the exploration and development of quality silver projects. The Company holds a 100%-interest in its flagship project, the past-producing Candelaria Mine located in Nevada. Potential reprocessing of silver from the historic leach pads at Candelaria provides an opportunity for possible near-term production. Additional opportunities lie in previously identified high-grade silver intercepts down-dip and potentially increasing the substantive silver mineralization along-strike from the two past-producing open pits.
The Company has staked 636 lode claims and entered into a Lease/Purchase Agreement to acquire five patented claims on its Cherokee project located in Lincoln County, Nevada, host to multiple silver-copper-gold vein systems, traced to date for over 11 km along-strike.
Silver One also owns a 100% interest in the Silver Phoenix Project. The Silver Phoenix Project is a very high-grade native silver prospect that lies within the “Arizona Silver Belt”, immediately adjacent to the prolific copper producing area of Globe, Arizona.
