Silver X Mining Upsizes Private Placement to C$13 Million Amid Strong Demand

Silver X Mining ( (TSE:AGX) ) has provided an announcement.

Silver X Mining Corp. has announced an increase in its ‘bought deal’ private placement from C$10 million to C$13 million due to strong investor demand. The proceeds will be used for capital and exploration expenditures in the Nueva Recuperada Silver District in Peru, as well as for working capital and general corporate purposes. The offering, led by Red Cloud Securities Inc., is expected to close on September 29, 2025, subject to necessary approvals. This move is anticipated to bolster Silver X’s operational capabilities and enhance its market positioning as a growing silver producer.

The most recent analyst rating on (TSE:AGX) stock is a Hold with a C$0.50 price target. To see the full list of analyst forecasts on Silver X Mining stock, see the TSE:AGX Stock Forecast page.

Spark’s Take on TSE:AGX Stock

According to Spark, TipRanks’ AI Analyst, TSE:AGX is a Neutral.

The stock’s overall score is primarily impacted by its financial performance challenges, including negative profitability and cash flow issues. While technical indicators show positive momentum, the valuation remains unattractive due to ongoing losses.

To see Spark’s full report on TSE:AGX stock, click here.

More about Silver X Mining

Silver X is a rapidly expanding silver producer and developer, owning the 20,472-hectare Nueva Recuperada Silver Project in Central Peru. The company produces silver, gold, lead, and zinc from its Tangana Mining Unit and aims to deliver outstanding value to stakeholders by consolidating and developing undervalued assets, adding resources, and increasing production while supporting communities and stewarding the environment.

Average Trading Volume: 733,254

Technical Sentiment Signal: Buy

Current Market Cap: C$117.9M

For an in-depth examination of AGX stock, go to TipRanks’ Overview page.