Silver Hammer Announces Non-Brokered Private Placement of Units

Silver Hammer Announces Non-Brokered Private Placement of Units

 

(TheNewswire)

 
  
  Silver Hammer Mining Corp. 
 
 

July 31, 2024 TheNewswire - Vancouver, BC Silver Hammer Mining Corp. ( CSE: HAMR ) (the " Company " or " Silver Hammer ") is pleased to announce that it will proceed with a non-brokered private placement of up to 27,000,000 units of the Company (the " Units ") at CAN$0.055 per Unit for gross proceeds of up to CAN$ 1,485,000 (the " Offering "). Each Unit will consist of one common share in the capital of the Company (a " Share ") and one transferrable common share purchase warrant (a " Warrant "). Each Warrant will entitle the holder thereof to purchase one additional Share at a price of CAN$0.07 for a period of three years from the closing of the Offering.

 

  "Silver Hammer is one of the few pure silver focused exploration and development companies with 100% control of three high-grade silver projects in Nevada and Idaho, where each asset contains historical silver mines that have had limited modern-day exploration. As one of Silver Hammer's largest shareholders, I look forward to a busy year ahead, and the patience and support of our shareholders pushing forward in what appears to be an emerging strong silver bull market,"   commented Peter A. Ball, President & CEO of Silver Hammer Mining.   "Silver Hammer is pleased to have experienced executive level mineral explorers Ron Burk, previous VP of Exploration for Centerra Gold and Silver Standard, and Don Birak, the previous Senior VP of Exploration for Coeur Mining, VP Exploration for AngloGold North America and Hudson Bay Mining & Smelting as members of the Board of Directors."  

 

  In connection with the Offering, the Company will pay finders' fees of up to 7.0% of the gross proceeds raised by the Company from the sale of Units to subscribers directly introduced to the Company by eligible finders. In addition, the Company will issue to eligible finders non-transferable finders'   warrants   of up to 7.0% of the number of Units sold in the Offering. Each finders'   warrant   will entitle the holder to acquire one Share at a price of CAN$0.07 per Share for a period of three years from the date of issuance.  

 

  Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the Canadian Securities Exchange. All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation.  

 

  The Company may, at its discretion, elect to close the Offering in one or more tranches.  

 

  The Company intends to use the proceeds raised from the Offering to advance exploration efforts at its 100% controlled projects which includes Silver Strand in Idaho, and Eliza and Silverton in Nevada and also for working capital and general corporate purposes.  

 

  The Company will not be proceeding with its previously announced private placement of units most recently disclosed in the Company's news release dated May 27, 2024.  

 

  About Silver Hammer Mining Corp.  

 

  Silver Hammer Mining Corp. is a junior resource company focused on advancing past-producing high-grade silver projects in the United States. Silver Hammer controls 100% of the   Silver Strand Mine in the Coeur d'Alene Mining District in Idaho, USA, as well both the Eliza Silver Project and the Silverton Silver Mine in Nevada and the Lacy Gold Project in British Columbia, Canada. Silver Hammer's primary focus is defining and developing silver deposits near past-producing mines that have not been adequately tested. The Company's portfolio also provides exposure to copper and gold discoveries.  

 

  On Behalf of the Board of Silver Hammer Mining Corp.  

 

  Peter A. Ball
President & CEO, Director
E: peter@silverhammermining.com
 

 

  For investor relations inquiries, contact:  

 

  Peter A. Ball
President & CEO
778.344.4653
E: investors@silverhammermining.com
 

 

  Forward Looking Information  

 

  This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information in this press release includes, without limitation, statements relating to the Offering and the use of proceeds therefrom and other statements which are subject to a number of conditions, as described elsewhere in this news release. These statements are based upon assumptions that are subject to significant risks and uncertainties, including risks regarding the mining industry, commodity prices, market conditions, general economic factors, management's ability to manage and to operate the business, and explore and develop the projects of the Company, and the equity markets generally. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance of the Company may differ materially from those anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Company believes that the expectations reflected in forward looking statements are reasonable, they can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, the Company disclaims any intention and assume no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.  

 

  This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under 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 unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.  

 

  The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release. The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.  

 

  Not for distribution to the U.S. newswire or for dissemination in the United States  

 

Copyright (c) 2024 TheNewswire - All rights reserved.

 

 

News Provided by TheNewsWire via QuoteMedia

HAMR:CC
The Conversation (0)
Silver Hammer Reaches Definitive Agreement to Acquire the Permitted Shafter Silver Mine Project and Announces Proposed Reorganization

Silver Hammer Reaches Definitive Agreement to Acquire the Permitted Shafter Silver Mine Project and Announces Proposed Reorganization

 

Silver Hammer Mining Corp. (CSE: HAMR) (the "Company" or "Silver Hammer") is pleased to announce that it has entered into a definitive share purchase agreement dated September 27, 2023 (the "Purchase Agreement") to acquire a 100% interest in the Shafter silver deposit (the "Shafter Project" or the "Project"), a previously producing high-grade silver mine located in Presidio County in Southwest Texas, from Aurcana Silver Corporation ("Aurcana") (the "Transaction"). The consideration to be paid by Silver Hammer for the Shafter Project includes cash of US$800,000 (less certain exclusivity fees and prepaid expenses), 23,000,000 shares, certain contingent payments (detailed below), and for the settlement of existing debt, the issuance of $4,000,000 in secured convertible debentures and 8,000,000 units (each comprising of a common share and ½ warrant at $0.33 for 2 years).

 

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Silver Hammer Mining Reports Positive Preliminary Results of Property-Wide Airborne Magnetic and Radiometric Survey at Its Eliza High-Grade Silver and Copper Project in Nevada

Silver Hammer Mining Reports Positive Preliminary Results of Property-Wide Airborne Magnetic and Radiometric Survey at Its Eliza High-Grade Silver and Copper Project in Nevada

Silver Hammer Mining Corp. (CSE: HAMR) (OTCQB: HAMRF) (FSE: 7BW0) (the "Company" or "Silver Hammer") is pleased to announce it has recently completed a property-wide aerial magnetic-radiometric survey at its Eliza Silver Project near Ely, Nevada. The preliminary results are encouraging and identify extensions to existing targets and highlight multiple new priority exploration targets. The final results are currently being processed by Condor North Consulting ULC.

"We are pleased to highlight the positive results of the property-wide airborne magnetic and radiometric survey at our high-grade silver and copper Eliza Project," commented President & CEO Peter A. Ball. "The Company continues to push forward with its 'Plan of Operations' permitting and evaluation of the Eliza Project. Current observations highlight strong correlation between historical and recent surface sampling, mapping and structural analysis and the June 2023 preliminary geophysical surveys. With the addition of new potential drill targets being identified, we look forward to the final technical analysis of the raw data to assist in the next steps at Eliza."

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Silver Hammer Mining Commences Property-Wide Airborne Magnetic and Radiometric Survey at Its Eliza High-Grade Silver and Copper Project in Nevada

Silver Hammer Mining Commences Property-Wide Airborne Magnetic and Radiometric Survey at Its Eliza High-Grade Silver and Copper Project in Nevada

Silver Hammer Mining Corp. (CSE: HAMR) (OTCQB: HAMRF) (FSE: 7BW0) (the "Company" or "Silver Hammer") is pleased to announced that it has commenced a property-wide airborne magnetic and radiometric survey at its 100%-owned high-grade Eliza Project in Nevada. The geophysical survey that commenced at the Silverton Project is now complete and awaiting analysis. The Company has engaged Precision GeoSurveys to complete surveys at both its Silverton and Eliza projects in Nevada.

"We are pleased to commence an airborne magnetic and radiometric survey at our high-grade silver and copper Eliza Project ahead of schedule," commented, President & CEO, Peter A. Ball. "With the completion of a survey at our Silverton Project a few days ago, we continue to accelerate exploration efforts at our projects in Nevada, as we prepare for a busy season at our three projects located in Idaho and Nevada. Eliza continues to be of high interest to explore noting the significant silver and copper grades sampled in 2022. After the Eliza geophysical survey, the Company will be onsite in June in Idaho at our Silver Strand Project completing a property review based on the 15 priority exploration targets identified from the spring data compilation of the last 20 plus years of geophysical surveys."

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Silver Hammer Mining Corp.: Invitation to 121 Mining Investment New York

Silver Hammer Mining Corp.: Invitation to 121 Mining Investment New York

Silver Hammer Mining Corp. (CSE: HAMR) is pleased to announce the company is participating in the upcoming 121 Mining Investment Conference in New York City.

 

121 Mining Investment New York will be hosting over 80 mining companies and more than 300 sophisticated investors for two days of pre-arranged, targeted 1-2-1 meetings. This year's event is being held on June 5-6.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Silver Hammer Mining Submits Plan of Operations for Exploration Program at High-Grade Eliza Silver Project in Nevada

Silver Hammer Mining Submits Plan of Operations for Exploration Program at High-Grade Eliza Silver Project in Nevada

Silver Hammer Mining Corp. (CSE: HAMR) (OTCQB: HAMRF) (FSE: 7BW0) (the "Company" or "Silver Hammer") is pleased to announce that it has submitted a Plan of Operations to the Humboldt-Toiyabe National Forest Ranger District of the United States Forest Service ("USFS") to explore its Eliza Silver Project ("Eliza" or the "Project") located in White Pine County, Nevada.

"The submission of the Plan of Operations is another critical step as we move towards examining the potential for significant mineralization at Eliza, which has seen little to no modern exploration despite a history of high-grade past production," stated Peter A. Ball, President & CEO. "We will begin by executing a property-wide geophysical program by early June and will continue to inform the market as we advance through this systematic exploration process and begin to generate results."

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Element79 Gold Corp to Present at the Metals & Mining Virtual Investor Conference July 23

Element79 Gold Corp to Present at the Metals & Mining Virtual Investor Conference July 23

 

(TheNewswire)

 
     
  Element79 Gold Corp. 
          
 

  Company invites individual and institutional investors, as well as advisors and analysts, to attend online at VirtualInvestorConferences.com  

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Element79 Gold Corp to Present at the Metals & Mining Virtual Investor Conference July 23

Element79 Gold Corp to Present at the Metals & Mining Virtual Investor Conference July 23

 

Element79 Gold Corp (OTCQB: ELMGF, CSE: ELEM,OTC:ELMGF, FSE: 7YS0) a mining company focused on gold and silver exploration with a portfolio of assets in Nevada and Peru, today announced that CEO and Director, James C. Tworek, will present live at the Metals & Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on July 23, 2025

 

  DATE : July 23, 2025
TIME: 1:30pm EST  
LINK:   REGISTER HERE  
Available for 1x1 meetings: July 23-29, 9am-5pm EST – booking link: Element79 Gold - 1x1 Meeting Management Link  

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
LaFleur Minerals Commences Diamond Drilling at the Swanson Gold Deposit and Completes Independent Valuation of the Beacon Gold Mill

LaFleur Minerals Commences Diamond Drilling at the Swanson Gold Deposit and Completes Independent Valuation of the Beacon Gold Mill

LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (OTCQB: LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company") is pleased to announce that it has commenced its diamond drilling program at its Swanson Gold Project ("Swanson") in the Abitibi region, Québec, after receiving all the necessary permits including the Authorization to Intervene (ATI) and the Forestry Intervention permits. These permit approvals mark a major milestone, allowing the Company to move forward with its fully funded, minimum 5,000 metre drilling program starting with the Swanson Gold Deposit. Simultaneously, the Company announces the completion of the independent valuation of its Beacon Gold Mill ("Beacon Mill") by Bumigeme Inc. ("Bumigeme") confirming: (1) the Beacon Mill is in excellent condition, (2) with rehabilitation and commissioning costs estimated at C$4.1 million, and (3) full replacement cost of the mill and tailings storage facility combined with permitting costs estimated to exceed C$71.5 million, underscoring the strategic value of the asset. LaFleur Minerals has also significantly expanded its land position at its wholly-owned Swanson Gold Project, now covering over 18,300 hectares across 445 claims and 1 mining lease, reinforcing its district-scale exploration potential.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Halcones Precious Metals Announces AGM Results

Halcones Precious Metals Announces AGM Results

 

Halcones Precious Metals Corp. (TSXV: HPM) (the " Company " or " Halcones ") is pleased to report that the nominees listed in the management proxy circular dated June 5, 2025 (the " Circular ") for the annual and special meeting of shareholders of Halcones held on July 17, 2025 (the " Meeting ") were elected as directors of the Company.  The appointment of each of the nominees to the Company's board was approved by more than 96% of the votes cast at the Meeting.  Shareholders at the Meeting also approved the appointment of the Company's auditors and the Company's stock option plan.

 

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
1911 Gold Closes C$13.2 Million "Bought Deal" Life Offering Including Increased Investment by Eric Sprott

1911 Gold Closes C$13.2 Million "Bought Deal" Life Offering Including Increased Investment by Eric Sprott

 

1911 Gold Corporation (" 1911 Gold " or the " Company ") (TSXV: AUMB,OTC:AUMBF; FRA: 2KY) is pleased to announce that it has completed its previously announced "bought deal" LIFE offering (the " Offering ") for gross proceeds of C$13,225,232.30, including the exercise in full of the Underwriters' Option (as defined in the press release dated June 24, 2025). The Offering consisted of the sale of: (i) 3,750,000 common shares of the Company (the " Non-FT Shares ") at a price of C$0.20 per Non-FT Share; (ii) 2,924,000 common shares (the " Tranche 1 CEE Shares ") at a price of C$0.342 per Tranche 1 CEE Share; (iii) 31,163,633 common shares (the " Tranche 2 CEE Shares " and together with the Tranche 1 CEE Shares, the " CEE Offered Shares ") at a price of C$0.288 per Tranche 2 CEE Share; and (iv) 10,163,000 common shares (the " CDE Offered Shares " and, together with the Non-FT Shares and CEE Offered Shares, the " Offered Shares ") at a price of C$0.246 per CDE Offered Share. The CEE Offered Shares and CDE Offered Shares will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the " Tax Act ")).

 

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Maritime Resources Announces Closing of $11.5 Million Brokered Private Placement Financing

Maritime Resources Announces Closing of $11.5 Million Brokered Private Placement Financing

Maritime Resources Corp. (TSXV: MAE,OTC:MRTMD) ("Maritime" or the "Company") is pleased to announce the closing of its previously announced brokered "best efforts" private placement offering (the "Offering") of common shares in the capital of the Company ("Offered Securities") for aggregate gross proceeds of approximately $11,500,490. The Offering was led by Paradigm Capital Inc. ("Paradigm"), as lead agent and sole bookrunner, on a "best efforts" agency basis, together with SCP Resource Finance LP (together with Paradigm, the "Agents"), pursuant to the terms of an agency agreement among the Company and the Agents dated as of July 17, 2025 (the "Closing Date").

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×