Silver Tiger Metals ( (TSE:SLVR) ) has shared an update.
Silver Tiger Metals has filed a final short form prospectus for a public offering of common shares, aiming to raise gross proceeds of $15,000,150, with an option to increase this to $17,250,172.50 if the over-allotment option is fully exercised. The offering, conducted through a syndicate of underwriters, is expected to close around April 14, 2025, and has received conditional approval from the TSX Venture Exchange. This move is part of Silver Tiger’s broader strategy to fund its mining operations in Mexico, particularly the El Tigre Project, which has shown promising economic prospects with a projected after-tax NPV of US$222 million and a 10-year mine life.
More about Silver Tiger Metals
Silver Tiger Metals Inc. is a Canadian company with over 27 years of experience in discovering, financing, and building large hydrothermal gold and silver mines in Mexico. The company owns the 28,414-hectare Historic El Tigre Mining District in Sonora, Mexico, and is focused on developing both open pit and underground mining operations. Silver Tiger emphasizes principled environmental, social, and governance practices.
YTD Price Performance: 27.08%
Average Trading Volume: 365,155
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$111.3M
See more data about SLVR stock on TipRanks’ Stock Analysis page.