Defiance Silver Progresses with Private Placement to Fund Exploration

Defiance Silver ( (TSE:DEF) ) just unveiled an update.

Defiance Silver Corp. has successfully closed the second tranche of its non-brokered private placement, raising C$1,560,600, adding to the C$732,200 from the first tranche, with plans to conclude a third tranche for a total of C$3,300,000. The funds will support exploration and general working capital, and the offering remains subject to TSX Venture Exchange approval, marking a pivotal step in the company’s strategic growth within the mining sector.

More about Defiance Silver

Defiance Silver Corp. is an exploration company focused on advancing the Zacatecas project in the historic Zacatecas Silver District and the Tepal Gold/Copper Project in Michoacán, Mexico. The company is led by experienced mine developers and aims to expand its projects through cost-effective exploration centered on resource growth and new mineral discoveries.

YTD Price Performance: 9.30%

Average Trading Volume: 457,344

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$61.17M

For a thorough assessment of DEF stock, go to TipRanks’ Stock Analysis page.