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June 19, 2024
Eastern Metals Ltd (ASX:EMS) (“Eastern Metals” or “the Company”) is pleased to advise that its Chief Executive Officer, Ley Kingdom, will be presenting at Vertical Events’ Gold Coast Investment Showcase on Thursday 20 June 2024 at 11:30am AEST.
Investors can register to watch a livestream of the conference at: https://www.goldcoastinvestmentshowcase.com.au/livestreamingregistration
A copy of the conference presentation is provided below.
Click here for the full ASX Release
This article includes content from Eastern Metals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
EMS:AU
31 January
Quarterly Activities and Cash Flow Reports 31 December 2024
14 July
Ted Butler: Silver's Moment is Here, Time for Price to Outperform
Has silver's moment finally arrived?
Precious metals analyst Ted Butler believes the answer is "yes."
"I think this is the moment, because we broke through technically what was a really important level — that US$35, US$36 (per ounce) level," he said. He sees a clear path for silver to outperform gold.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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14 July
Silver Price at New Base, What Comes Next? First Majestic's Mani Alkhafaji
Mani Alkhafaji, vice president of corporate of development and investor relations at First Majestic Silver (TSX:AG,NYSE:AG) discusses silver's recent price rise.
He notes that the gold-silver mining ratio is at seven to one, while the price ratio is at 90 to one.
"That tells us silver needs to play catch up to collapse that ratio," he said.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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10 July
Top 5 Canadian Silver Stocks of 2025
Silver prices surged during the second quarter of 2025, surpassing the US$37 per ounce mark and reaching their highest levels in 14 years.
The price movements stem from a tightening supply and demand situation, which has seen above-ground inventories squeezed due to an increasing need from industrial sectors, particularly the growing photovoltaics industry.
However, demand has also increased due to heightened investor interest in alternative safe-haven assets, as gold prices reached record highs. The shifting sentiment comes amid uncertainty over a US trade policy that could reduce the world's gross domestic product by 1 percent.
Investors have also been spooked by increasing conflict in the Middle East.
How has silver's price movement benefited Canadian silver stocks on the TSX, TSXV and CSE? The five companies listed below have seen the best performances since the start of the year. Data was gathered using TradingView's stock screener on July 7, 2025, and all companies listed had market caps over C$10 million at that time.
1. Santacruz Silver (TSX:SCZ)
Year-to-date gain: 321.82 percent
Market cap: C$387.88 million
Share price: C$1.16
Santacruz Silver is an Americas-focused silver producer with operations in Bolivia and Mexico. Its producing assets include a 45 percent stake in the Bolivar and Porco mines, which it shares with the Bolivian government, and a 100 percent ownership of the Caballo Blanco Group mines in Bolivia, along with the Zimapan mine in Mexico.
In addition to its producing assets, Santacruz also owns the greenfield Soracaya project, an 8,325 hectare land package located in Potosi, Bolivia. According to an August 2024 technical report, the site hosts an inferred resource of 34.5 million ounces of silver derived from 4.14 million metric tons of ore with an average grade of 260 g/t.
In October 2021, Santacruz acquired Glencore's (LSE:GLEN,OTC Pink:GLCNF) 45 percent stake in the Bolivar and Porco mines and a 100 percent interest in the Soracaya project. Under the terms of the deal, Santacruz made an initial payment of US$20 million and was obligated to make an additional US$90 million over a four-year period from the closing of the transaction. Glencore also retained a 1.5 percent net smelter return.
The pair amended the deal in October 2024, giving Santacruz the option to either pay off the US$80 million base purchase price through annual US$10 million installments or to accelerate the repayment by paying US$40 million by November 2025. The deal also includes additional terms such as monthly payments to Glencore contingent on zinc pricing benchmarks.
Santacruz chose the accelerated option through a structured payment plan, which allows it to satisfy the base purchase price of the properties while saving US$40 million compared to the annual installment option. As of its third payment to Glencore on July 7, Santacruz has now paid US$25 million.
In its Q1 2025 production report released on June 12, Santacruz disclosed consolidated silver production of 1.59 million ounces, marking a 1 percent increase from the 1.58 million ounces produced during the same quarter in 2024.
Santacruz shares reached a year-to-date high of C$1.16 on July 7.
2. Almaden Minerals (TSX:AMM)
Year-to-date gain: 318.18 percent
Market cap: C$32.93 million
Share price: C$0.23
Almaden Minerals is a precious metals exploration company working to advance the Ixtaca gold-silver deposit in Puebla, Mexico. According to the company website, the deposit was discovered by Almaden’s team in 2010 and has seen more than 200,000 meters of drilling across 500 holes.
A July 2018 resource estimate shows measured resources of 862,000 ounces of gold and 50.59 million ounces of silver from 43.38 million metric tons of ore, and indicated resources of 1.15 million ounces of gold and 58.87 million ounces of silver from 80.76 million metric tons of ore with a 0.3 g/t cutoff.
In April 2022, Mexico’s Supreme Court of Justice ruled that the initial licenses issued in 2002 and 2003 would be reverted back to application status after the court found there had been insufficient consultation when the licenses were originally assigned.
Ultimately, the applications were denied in February 2023, effectively halting progress on the Ixtaca project. While subsequent court cases have preserved Almaden’s mineral rights, it has yet to restore the licenses to continue work on the project.
In June 2024, Almaden announced it had confirmed up to US$9.5 million in litigation financing that will be used to fund international arbitrations proceedings against Mexico under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
In a December update, the company announced that several milestones had been achieved, including the first session with the tribunal, at which the company was asked to submit memorial documents outlining its legal arguments by March 20, 2025. At that time, the company stated it would vigorously pursue the claim but preferred a constructive resolution with Mexico.
On March 21, the company indicated that it had submitted the requested documents, claiming US$1.06 billion in damages. The memorial document outlines how Mexico breached its obligations and unlawfully expropriated Almaden’s investments without compensation.
The most recent update from the proceedings occurred on May 23, when the company announced that it had established a key personnel retention agreement (KPA) with CFO Korm Trieu and Executive Vice President Douglas McDonald. The KPA is intended as a long-term incentive program to retain employees for their knowledge of the proceedings, and the employees will need to perform certain duties related to the claims.
Under the terms of the agreement, the key personnel will split 4 percent of net proceeds, to a maximum of US$12 million, should Almaden’s claim prove successful.
Almaden shares reached a year-to-date high of C$0.245 on June 30.
3. Avino Silver and Gold (TSX:ASM)
Year-to-date gain: 296.85 percent
Market cap: C$710.8 million
Share price: C$5.04
Avino Silver and Gold Mines is a precious metals miner with two primary silver assets: the producing Avino silver mine and the neighboring La Preciosa project in Durango, Mexico.
The Avino mine is capable of processing 2,500 metric tons of ore per day, and according to its FY24 report released on January 21 the mine produced 1.1 million ounces of silver, 7,477 ounces of gold and 6.2 million pounds of copper last year. Overall, the company saw broad production increases with silver rising 19 percent, gold rising 2 percent and copper increasing 17 percent year over year.
In addition to its Avino mining operation, Avino is working to advance its La Preciosa project toward the production stage. The site covers 1,134 hectares, and according to a February 2023 resource estimate, hosts a measured and indicated resource of 98.59 million ounces of silver and 189,190 ounces of gold.
In a January 15 update, Avino announced it had received all necessary permits for mining at La Preciosa and begun underground development at La Preciosa. It is now developing a 350 meter mine access and haulage decline. The company said the first phase at the site is expected to cost less than C$5 million, which will be funded from cash reserves.
In Avino’s Q1 financial report released on May 13, the company noted that work was progressing at the site according to plan, with blasting and construction of the decline underway. It added that a new drill was working on the haulage ramp to the Gloria and Abundancia veins.
On the production and finance side, the company reported a record quarterly after-tax income of US$5.6 million, 10 percent higher than the US$5.1 million during Q4 2024. Avino also reported a 6 percent increase in silver production to 265,681 ounces. The company attributed the gain to an increase in feeder grade.
Avino shares reached a year-to-date high of C$5.04 on July 7.
4. Excellon Resources (TSXV:EXN)
Year-to-date gain: 238.89 percent
Market cap: C$57.43 million
Share price: C$0.305
Excellon Resources is an exploration and development company that is advancing its recently acquired Mallay silver mine in Peru back into production.
Mining at the site produced 6 million ounces of silver, 45 million pounds of zinc and 35 million pounds of lead between 2012 and 2018 before the operation was placed on care and maintenance.
On June 24, Excellon announced that it had completed its acquisition of Minera CRC, and its Mallay mine and Tres Cerros gold-silver project in Peru.
Excellon began the court-supervised acquisition process in October 2024. On March 11, Excellon announced that it had entered into a definitive agreement with Adar Mining and Premier Silver, which resolved any outstanding disputes between Adar, Premier, and Minera, and paved the way to complete the transaction.
In the June release, the company stated that it will immediately commence the next phase of its strategy to restart the mine. As Mallay is fully permitted with infrastructure in place, Excellon is aiming for run-rate silver production in Q2 of next year.
Additionally, the company announced on July 3 that it had appointed Mike Hoffman to its board of directors. Hoffman has been in the mining sector for over 35 years, and has experience with developing mines in Latin America.
Shares in Excellon reached a year-to-date high of C$0.315 on July 4.
5. Andean Precious Metals (TSX:APM)
Year-to-date gain: 182.61 percent
Market cap: C$481.71 million
Share price: C$3.25
Andean Precious Metals is a precious metals company with a pair of operating assets in the Americas.
Its primary silver-producing operation is the San Bartolomé facility in the Potosi Department of Bolivia. The onsite processing facility has an annual ore capacity of 1.8 million metric tons. The company has transitioned from conventional mining and is processing feed from both its low-cost fines deposit facility and third-party ore purchases.
Its other producing asset is the Golden Queen mine in Kern County, California, US. It hosts a 12,000 MT per day cyanide heap leach and Merril-Crowe processing facility. A mineral reserve statement showed a measured and indicated silver resource of 11.24 million ounces from 41.81 million MT at an average grade of 8.37 g/t silver. The company acquired Golden Queen from Auvergne Umbrella in November 2023 for total consideration of US$15 million.
On May 6, Andean released its Q1 operating and financial results. During the first quarter of the year, it produced 925,000 ounces of silver across its operations, up 0.9 percent over Q1 2024. However, the company noted that its revenues increased 43.9 percent year-over-year, reaching US$62 million compared to US$43.1 million. The company attributed this increase to higher silver and gold prices.
The most recent news from the company came on June 2 when it announced it entered into an exclusive, long-term agreement with the Bolivian state-owned mining company Corporacion Minera de Bolivia to acquire up to 7 million metric tons of oxide ore from mining concessions in Bolivia.
The ore is located within a 250 kilometer radius of the processing facility at its San Bartolomé operation, where it will process the ore. Under the terms of the 10 year agreement, Andean will immediately receive an initial 250,000 metric tons of ore, with the remaining to be delivered in tranches of 50,000 MT.
Shares in Andean reached a year-to-date high of C$3.25 on July 7.
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
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09 July
5 Silver Stocks With Dividends
Silver is a notoriously volatile metal capable of wide price swings in either direction. However, the metal is also seen by many as a safe-haven investment and a hedge against inflation.
While investing in silver bullion is one popular method for gaining exposure, silver-mining companies offer another route.
Silver-mining companies with strong balance sheets and experienced management teams are able to capitalize on high silver prices and weather the storm of low silver prices. Some of the most profitable silver-mining companies are even able to offer investors dividends, which may be appealing for those who are in it for the long haul.
Dividends are especially attractive in the often-unstable mining sector because they give investors a degree of security — if a company pays a dividend, it generally feels that it has the cash to do so and believes it will have the ongoing profits it needs to keep those payments coming.
There are several dividend-paying silver stocks for investors to choose from. The companies below are ordered by dividend yield, and all data is current as of June 19, 2025.
1. Fresnillo (LSE:FRES,OTC Pink:FNLPF)
LSE market cap: GBP 10.66 billion
Dividend yield: 1.71 percent
Major miner Fresnillo bills itself as the world’s leading primary silver producer and a significant gold producer. Its precious metals operations are all located in Mexico, including the Fresnillo mine, which is the largest primary silver mine in the world. It also holds a portfolio of exploration prospects in the country and silver streaming contracts.
Fresnillo's attributable output from its mines for the full 2024 year came to 56.3 million ounces of silver and 610,646 ounces of gold. The company's reported mine production for the the first quarter of 2025 comes to 12.4 million ounces of silver and 156,100 ounces of gold.
Dividends from the company are paid in pounds sterling unless shareholders elect to be paid in US dollars. This silver stock pays two dividends per year, with the dividend split unevenly between the two; one third is paid in the interim dividend and two-thirds in the final dividend. Its dividend policy takes business profitability and underlying earnings growth into account, as well as capital requirements and cash flow.
Most recently, Fresnillo paid its 2024 final dividend of 19.6521 pence, or US$0.261, on May 30, 2025. Additionally, due to its 2024 financial performance, including revenue growth of 26.9 percent, the company paid a special one-off dividend of 31.4736 pence, or US$0.418 per share, the same day. This made 2024 Fresnillo's highest recorded dividend payout year yet.
2. Pan American Silver (TSX:PAAS,NYSE:PAAS)
TSX market cap: C$14.39 billion
NYSE market cap: US$10.55 billion
Dividend yield: 1.41 percent
Founded by Ross Beaty in 1994, Pan American Silver currently operates four primary silver mines, which are located in Mexico, Peru, Bolivia and Argentina. It also has a portfolio of gold mines produce silver as a by-product.
The company’s 2024 silver production came in at 21.1 million ounces alongside 892,000 ounces of gold. For Q1 this year, output reached a total of 5 million ounces of silver and 182,200 ounces of gold.
In May, Pan American announced a definitive agreement to acquire silver producer MAG Silver (TSX:MAG,NYSEAMERICAN:MAG), which owns a 44 percent interest in the large-scale, high-grade Juanicipio mine, operated by Fresnillo.
The highest dividend Pan American has ever paid is US$0.125 per share, and it was able to pay a dividend of that amount a noteworthy nine times in a row between March 18, 2013, and March 13, 2015. The silver stock paid its most recent quarterly dividend on June 2, 2025, at US$0.10 per share.
3. Wheaton Precious Metals (TSX:WPM,NYSE:WPM)
TSX market cap: C$56.63 billion
NYSE market cap: US$41.58 billion
Dividend yield: 0.71 percent
Wheaton Precious Metals is a well-known name in the silver space largely because of its business model — it is the world’s biggest precious metals streaming company.
Streaming companies operate differently from miners, making upfront payments to a variety of metals companies in order to gain the right to purchase all or a portion of their metal production at a low, fixed cost.
The company currently has streaming agreements in place for 18 operating mines and 28 development-stage projects. It is interested in companies operating in politically stable jurisdictions, and states that its value should rise with the price of silver and gold. As a result, Wheaton sees itself offering investors multiple benefits while reducing many of the downside risks that traditional miners face.
Wheaton pays a quarterly dividend. So far in 2025, it has already made two dividend payments of US$0.165 per share, with the latest payment on June 10, 2025.
4. Silvercorp Metals (TSX:SVM)
TSX market cap: C$1.29 billion
NYSE market cap: US$950.85 million
Dividend yield: 0.59 percent
Silvercorp Metals operates the Gaocheng and Ying silver-mining operations in China, and is also focused on acquiring and growing underdeveloped projects with high upside.
Its silver production for its 2025 fiscal year ended March 31 came in at approximately 6.95 million ounces, and the company also produced 7,495 ounces of gold. The company's 2026 production guidance is set at 7.38 million to 7.6 million ounces of silver and 9,100 to 10,400 ounces of gold.
Silvercorp offers shareholders a semiannual dividend, which it states is “based on a number of factors including commodity prices, market conditions, financial results, cash flows from operations, expected cash requirements and other relevant factors.” Its most recent dividend was paid on June 26, 2025, at a rate of US$0.0125 per share.
5. Hecla Mining Company (NYSE:HL)
NYSE market cap: US$3.76 billion
Dividend yield: 0.59 percent
Last on this list of silver stocks that pay dividends is Hecla Mining Company, which wholly owns and operates four mines and has a large exploration portfolio. The oldest precious metals miner in North America, Hecla is also the largest primary silver producer in the US and Canada and the third largest in the world.
In the US, Hecla operates the Greens Creek and Lucky Friday silver mines, located in Alaska and Idaho respectively. As for Canada, Hecla has the Keno Hill silver mine in the Yukon's Keno Hill silver district, which is home to some of the world's highest silver grades, as well as the Casa Berardi gold-silver mine in Québec.
Hecla reported 2024 production of 16.2 million ounces of silver, the second highest in the company's history, and 142,000 ounces of gold. As for Q1 2025, the company produced 4.1 million ounces of silver and 34,242 ounces of gold.
Hecla pays an annual minimum common stock dividend, distributing it on a quarterly basis. Its dividends previously included a silver-linked component, but the company removed this in February 2025 in part to refocus the capital on growth opportunities.
Currently, the company's annual minimum common stock dividend is set at US$0.015 per share, divided into quarterly payments of US$0.00375. Its most recent payment was on June 10, 2025.
Hecla also pays a quarterly US$0.875 per share dividend for its Series B cumulative convertible preferred stock, which it states is typically paid on January 1, April 1, July 1 and October 1.
FAQs for silver dividend stocks
What are dividend stocks?
Dividend stocks regularly pay a sum of money to a class of shareholders out of the company's earnings. To qualify for a dividend payout, an investor must have owned the stock on the ex-dividend date.
Dividends are often issued as cash payments sent to a shareholder’s brokerage account, but can also be issued as stock or discounts on share purchases.
How to invest in dividend stocks?
You can invest in dividend-paying stocks through a stock broker or stock platform, and a stock broker can offer advice on how to take advantage of companies offering dividend programs. Some dividend stocks may also offer a dividend reinvestment program, allowing shareholders to automatically buy new shares with their dividends, either commission-free or at a reduced cost.
How much do dividend stocks pay?
A company's board of directors is responsible for setting a dividend policy and will determine the size of the dividend payout based on the firm's long-term revenue outlook.
The size of an individual shareholder's dividend payout depends on the number of shares owned in that company. For example, if an investor owned 1,000 shares of Wheaton Precious Metals, which is currently paying a dividend of US$0.165 per share, they would get US$165 every quarter, totaling US$660 annually.
What silver ETFs pay dividends?
There are no physical backed Silver ETFs with dividends. However, ETFs that track dividend-paying silver stocks such as those listed above may offer the potential for dividend income. A few examples of are Global X Silver Miners ETF (ARCA:SIL), and iShares MSCI Global Silver and Metals Miners ETF (BATS:SLVP).
This is an updated version of an article originally published by the Investing News Network in 2015.
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
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26 June
Rapid Successfully Undertakes $10.5M Capital Raising to Fund Acquisition of the Webbs and Conrads NSW Silver Projects
Rapid Critical Metals Limited (‘Rapid,’ ‘RCM’ or ‘Company’) is pleased to announce that the Company has received firm commitments from institutional, sophisticated and professional investors for the placement of 437,500,000New Fully Paid Ordinary Shares (New Shares) at an issue price of A$0.024 per new share (post 12-for-1 consolidation) to raise gross proceeds of A$10.5 million (Placement). The Placement comprises two tranches:
- Tranche 1 to raise A$10 million via the issue of approximately 416,666,667¹ million New Shares subject to the approval of shareholders (resolution 1) at the Extraordinary General Meeting scheduled for 7 July 2025 (EGM); and
- Tranche 2 to raise A$0.5 million via the issue of 20,833,334 million New Shares subject to shareholder approval to be sought at an EGM of the Company expected to be held in August 2025 for participation of a current major shareholder Strata Investment Holdings.
Highlights
- A$10.5m secured through a Placement, following receipt of firm commitments at an issue price of A$0.024 per share (post 12-for-1 consolidation).
- Strong support was received from existing & new institutional, sophisticated and professional investors.
- Existing major shareholder and board member Strata Investment holdings has participated with taking $500k of the placement to be voted on in an expected EGM in August.
- Proceeds from the Placement, together with existing cash, will be used to fund the acquisition of 100% of the Conrad and Webbs Silver Projects in the New England Fold Belt of NSW and to unlock the potential of the Projects rapidly. Rapid will rapidly implement programs at Webbs Silver Project with a focus to expand and upgrade the existing JORC Mineral Resource Estimate1 with targeted geophysics, drilling and metallurgical studies beginning in June 2025.
Proceeds from the Placement, together with existing cash, will be used to fund the acquisition ofthe Conrad and Webbs Silver Projects, currently owned by Silver Metal Group Limited (SMG) (for full details of the transaction refer ASX announcement of 22 May, 2025). Following completion of the acquisition, Rapid will own 100% of the Conrad and Webbs Silver Projects in the New England Fold Belt of NSW.
The opportunity exists to unlock the potential of the Projects rapidly, as neither have had any modern exploration or drilling done in the last decade. Exploration for new, parallel and blind structures can deliver new silver discoveries in the district.
Rapid will rapidly implement programs at Webbs Silver Project with a focus to expand and upgrade the existing JORC Mineral Resource Estimate with targeted geophysics, drilling and metallurgical studies beginning in June 2025.
Commenting on the success and level of interest in the Placement, Martin Holland, Rapid’s Managing Director, said:
“The Rapid team is pleased to have secured the funds which will be strategically used for the acquisition of the SMG silver projects in NSW. I would like to thank all existing and new shareholders who participated in the Placement for supporting the Board’s strategy.”
The Placement was strongly supported by new and existing shareholders, including Strata Investment Holdings Plc (Strata), the Company’s largest shareholder, whose participation is subject to shareholder approval to be sought at an EGM to be held in late August.
The Placement was conducted at a price of A$0.024 per New Share, which represents a:
- 0.00% discount to the last close price of A$0.002 on 23 June, 2025; and
- 0.00% discount to the 5-day Volume Weighted Average Price of A$.002 (pre consolidation)
All New Shares issued under the Placement will rank pari passu with the existing ordinary shares on issue in the capital of the Company.
Click here for the full ASX Release
This article includes content from Rapid Critical Metals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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25 June
Hawthorn Announces Closing of C$4 Million Subscription Receipt Financing
Hawthorn Resources Corp. (CSE: HWTN) ("Hawthorn" or the "Company") is pleased to announce that it has closed its previously announced subscription receipt (the "Subscription Receipts") offering (the "Offering").
Under the Offering, the Company issued an aggregate of 14,807,315 Subscription Receipts at a price of $0.27 per Subscription Receipt for aggregate proceeds of $3,997,975.05 (the "Subscription Proceeds").
Each Subscription Receipt, upon the satisfaction of certain conditions (the "Escrow Release Conditions") related to the Company's previously announced proposed acquisition of Stampede Metals Corporation (the "Acquisition") on or before the escrow release deadline of July 31, 2025 or such later date as the escrow agent and the Company agree (the "Escrow Release Deadline"), will be automatically converted, without payment of any additional consideration and without any further action on the part of the holder thereof, into a unit (a "Unit"), comprised of one post 1:0.75 consolidation (the "Consolidation") common share of the Company and one-half of one share purchase warrant. Each whole warrant will be exercisable to acquire a post-Consolidation common share at a price of $0.40 per share until December 23, 2026, subject to acceleration in the event that the post-Consolidated common shares of the Company trade at or above $0.60 for ten consecutive trading days. If the Escrow Release Conditions are not met by the Escrow Release Deadline, the aggregate Subscription Proceeds will be returned to subscribers without deduction.
President Ralph Shearing, P.Geol. of Hawthorn Resources, commented: "With nearly $4 million in financing received, upon completion of our acquisition of the Prince Silver Project, Hawthorn is fully funded to execute on our 2025 exploration priorities. We're excited to advance the Prince Silver Project — a near-surface CRD deposit with historic production, strong silver-gold-zinc-manganese mineralization identified in over 129 historic drill holes with excellent exploration expansion potential.
In connection with the Offering, upon conversion of the Subscription Receipts into the underlying Units, the Company will pay finders fees of $98,309.98 to eligible registrants assisting in the Offering and issue an aggregate of 420,111 broker warrants (each, a "Broker Warrant"), with each Broker Warrant entitling the holder to acquire one post-Consolidated common share of the Company at a price of $0.40 per share for until December 23, 2026.
All securities issued under Acquisition and in the Offering will have a hold period of four months and one day pursuant to applicable securities laws and CSE policy. In accordance with CSE policies, the Company has obtained written shareholder approval for the issuance of the aggregate post-Consolidated common shares to be issued pursuant to the Acquisition and the Offering.
Completion of the proposed Acquisition is subject to a number of conditions, including, but not limited to, completion of the concurrent financing, satisfaction by the parties of all applicable filing requirements pursuant to the policies of the Canadian Securities Exchange (the "CSE"), and acceptance and receipt of all applicable regulatory, corporate and shareholder approvals.
About Hawthorn Resources Corp.
Hawthorn is a silver exploration company focused on advancing the Prince Silver Project in Nevada, USA. Mineralization is open in all directions and is near surface. Hawthorn also holds option interest in Broken Handle Project, an early-stage mineral exploration project located southern British Columbia, Canada.
For further information, please refer to the Company's disclosure record on SEDAR+ (www.sedarplus.ca).
On Behalf of the Board of Directors,
Ralph Shearing, Director, President
Tel: 604-764-0965
Email: info@hawthornresources.ca
Forward-Looking Information
Certain statements in this news release are forward-looking statements, including with respect to future plans, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Some of the specific forward-looking information in this news release includes, but is not limited to, statements with respect to: completion of the Acquisition and related transactions, completion of the Initial Private Placement, appointments of directors and officers of the Company and regulatory and corporate approvals. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market conditions, the ability to manage operating expenses, dependence on key personnel, and compliance with property option agreements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, litigation, failure of counterparties to perform their contractual obligations, failure to obtain regulatory or corporate approvals, exploration results, loss of key employees and consultants, and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information.
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The CSE has neither approved nor disapproved the contents of this press release and the CSE does not accept responsibility for the adequacy or accuracy of this release.
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