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An announcement from Southern Silver Exploration ( (TSE:SSV) ) is now available.
Southern Silver Exploration Corp. has successfully closed a non-brokered private placement, raising $3,583,680.30 through the issuance of 19,909,335 units. The proceeds will be used to advance the Cerro Las Minitas property and explore the Nazas property in Durango, Mexico. The CLM project is positioned as a large-scale underground mining operation with strong economic potential. This development supports Southern Silver’s strategic focus on high-grade mineral exploration and enhances its standing in the mining sector.
More about Southern Silver Exploration
Southern Silver Exploration Corp. is an exploration and development company focused on discovering world-class mineral deposits, either directly or through joint ventures, in major jurisdictions. The company emphasizes its 100% owned Cerro Las Minitas silver-lead-zinc project in Mexico’s Faja de Plata, known for hosting multiple world-class mineral deposits. Southern Silver also owns the Nazas gold-silver property in Mexico and the Oro porphyry copper-gold and Hermanas gold-silver vein projects in New Mexico, USA.
YTD Price Performance: 5.00%
Average Trading Volume: 221,892
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$64.98M
For detailed information about SSV stock, go to TipRanks’ Stock Analysis page.