Southern Silver Plans Expansion with Private Placement Extension

Southern Silver Exploration (TSE:SSV) has released an update.

Southern Silver Exploration Corp. has announced an extension of its final tranche closing for a non-brokered private placement, aiming to raise up to $4.5 million, which will fund the expansion and development of the Cerro Las Minitas project in Mexico. The company has already raised over $2 million from the first tranche, and plans to start a drilling program soon to further de-risk the project, emphasizing its potential as a large-scale mining operation in a mining-friendly jurisdiction.

For further insights into TSE:SSV stock, check out TipRanks’ Stock Analysis page.