Starcore Reports Oversubscribed $5 Million Financing

Starcore Reports Oversubscribed $5 Million Financing

Starcore International Mines Ltd. (TSX: SAM,OTC:SHVLF) (the "Company" or "Starcore") reports that the $5 million private placement announced on August 25, 2025 has been oversubscribed. The Company closed Tranche 1 of the financing on September 26, 2025, with gross proceeds of $2,661,788.75 through the issuance of 10,647,155 Units comprised of 10,647,155 common shares and 5,323,577 warrants to subscribers, with an additional 183,680 warrants issued to finders for the portion of the financing attributable to their efforts.

"With Tranche 2 largely oversubscribed, we are very pleased to have received the support from so many investors from seven different countries wanting to participate in this financing," said Robert Eadie, President and CEO of the Company. "Unfortunately, we are no longer able to accept subscriptions for this offering. We look forward to welcoming new shareholders whose participation reflects Starcore's broadening global reach."

The Company will continue to provide updates and will issue a news release once the oversubscribed offering has been reconciled and pre-cleared for closing.

About Starcore

Starcore International Mines is engaged in precious metals production with focus and experience in Mexico. While this base of producing assets is complemented by exploration and development projects throughout North America, Starcore has expanded its reach internationally with the project in Côte d'Ivoire. The Company is a leader in Corporate Social Responsibility and advocates value driven decisions that will increase long term shareholder value. You can find more information on the investor friendly website here: www.starcore.com.

ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.,

(Signed) "Robert Eadie"
Robert Eadie, President & Chief Executive Officer

FOR FURTHER INFORMATION, PLEASE CONTACT:
ROBERT EADIE
Telephone: (604) 602-4935 ext 205

LinkedIn
X
Facebook

The Toronto Stock Exchange has not reviewed nor does it accept responsibility
for the adequacy or accuracy of this press release.

This news release contains "forward-looking" statements and information ("forward-looking statements"). All statements, other than statements of historical facts, included herein, including, without limitation, management's expectations and the potential of the Company's projects, are forward-looking statements. Forward-looking statements are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company's management and reflect the beliefs, opinions, and projections on the date the statements are made. Forward-looking statements involve various risks and uncertainties and accordingly, readers are advised not to place undue reliance on forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. The Company assumes no obligation to update forward‐looking statements or beliefs, opinions, projections or other factors, except as required by law.

NOT FOR DISTRIBUTION IN THE UNITED STATES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269546

News Provided by Newsfile via QuoteMedia

SAM:CA
The Conversation (0)
Stamp on white paper with "REVOKED" in red; blurred documents in the background.

Mali Revokes 90 Mining Permits, Tightening Control on Sector

Mali’s military-led government has revoked more than 90 mining exploration permits due to alleged non-compliance with the country’s new legal requirements.An official decree signed by Mines Minister Amadou Keita on October 13 announced the revocation of permits issued between 2015 and 2022 for... Keep Reading...
Gold letters spelling "Fed" in front of a pile of gold dollar coins and US flag.

Gold Price Consolidates Just Under US$4,000 as Fed Cuts Rates

The US Federal Reserve held its seventh meeting of 2025 from Tuesday (October 28) to Wednesday (October 29) amid growing division between doves and hawks as job market growth slows and the threat of higher inflation.The central bank met analysts’ expectations by lowering the federal funds rate... Keep Reading...
Brixton Metals Makes Copper-Gold Porphyry Discovery at the Catalyst Target on its Thorn Project

Brixton Metals Makes Copper-Gold Porphyry Discovery at the Catalyst Target on its Thorn Project

Brixton Metals Corporation (TSX-V: BBB, OTCQB: BBBXF) (the " Company " or " Brixton ") is pleased to announce the discovery of a new copper-gold porphyry system at the Catalyst Target within its wholly owned Thorn Project located in northwestern British Columbia. The Thorn Project is an... Keep Reading...
Dr. Mark Thornton: Gold Ringing Alarm Bells, Silver Setting Up to Skyrocket

Dr. Mark Thornton: Gold Ringing Alarm Bells, Silver Setting Up to Skyrocket

Dr. Mark Thornton, senior fellow at the Mises Institute, discusses the factors that have taken the gold price to all-time highs. In his view, the key driver is government actions like overspending, borrowing and money printing, none of which are likely to abate soon. He also shares his bullish... Keep Reading...
Blyderiver Canyon in the Mpumalanga province of South Africa.

Why South Africa Remains a Hidden Gem for Gold Investors

For more than 150 years, South Africa has stood among the world’s notable gold producers. From the historic Witwatersrand Basin, once the source of a massive share of global gold output, to today’s modern operations, the country’s mining legacy continues to shape the global market. For investors... Keep Reading...
Mark Hancock, managing director at CuFe.

CuFe Sizes Up "High-grade" Bismuth Resource at Tennant Creek Project

A recent technical review for CuFe’s (ASX:CUF) bismuth resource at the Tennant Creek project in Australia’s Northern Territory has revealed significant, high-grade findings, according to the company’s managing director, Mark Hancock.“We've updated our Gecko resource already to reflect a... Keep Reading...

Latest Press Releases

Related News