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An announcement from Silver Grail Resources ( (TSE:SVG) ) is now available.
Silver Grail Resources Ltd. has successfully completed a non-brokered private placement, raising $996,360 through the issuance of 4,332,000 units at $0.23 per unit. The proceeds will be used for exploration activities in the Golden Triangle region of British Columbia and general working capital. Notably, Eric Sprott, a significant shareholder, increased his stake to 11.4% on a non-diluted basis, highlighting his long-term investment interest in the company. This financial move is expected to bolster Silver Grail’s exploration capabilities and strengthen its position in the mining sector.
More about Silver Grail Resources
Silver Grail Resources Ltd. is a junior exploration company with a large portfolio of properties in the southern portion of the Golden Triangle region of British Columbia. Its legacy properties, some more than thirty years old, form large islands within the extensive claim holdings of Goliath Resources in this region. During the 2025 field season, Silver Grail participated in a drill program on its Ram property, jointly owned with Teuton Resources Corp. Complete results from the drill program are expected before the end of 2025.
Average Trading Volume: 90,585
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$6.22M
For detailed information about SVG stock, go to TipRanks’ Stock Analysis page.