Defiance Silver Corp Announces $8 Million Private Placement and Secures Long-Term Access Agreement

Defiance Silver Corp, a mineral exploration and development company based in Vancouver, Canada, has recently made significant strides in its operations and financial structuring. The company, which focuses on silver exploration within mineral concessions in Zacatecas, Mexico, has announced a series of developments that are poised to bolster its exploration and development activities.

On June 5, 2025, Defiance Silver Corp announced an $8 million private placement. This financial move was detailed in multiple sources, including StockWatch and CEO.ca, highlighting the company’s efforts to secure funding through a “best efforts” private placement. The placement is being managed by Red Cloud Securities Inc., which will act as the sole agent and bookrunner. This strategic financial maneuver is expected to provide the necessary capital to support the company’s ongoing and future exploration projects.

In addition to the financial developments, Defiance Silver Corp has also secured a long-term surface access agreement for its Tepal Gold-Copper Project. This agreement, announced on June 4, 2025, was facilitated through its subsidiary, Geologix Mexico S.A. de C.V. The access agreement is crucial for enabling exploration and development activities at the Tepal site. The company has also successfully restructured the Net Smelter Return (NSR) royalty acquisition option, establishing a clear payment schedule. Furthermore, the payment deadline for the San Acacio property option has been extended without any changes to the economic terms.

These developments come at a time when Defiance Silver Corp is navigating significant upcoming financial commitments. The company has outlined monthly NSR payments ranging from $75,000 to $150,000. Additionally, the final payment for the San Acacio property has been delayed, indicating a strategic approach to managing its financial obligations.

As of June 3, 2025, Defiance Silver Corp’s stock closed at CAD 0.29, with a market capitalization of CAD 76,050,000. The company’s stock has experienced fluctuations over the past year, reaching a 52-week high of CAD 0.38 on October 23, 2024, and a low of CAD 0.17 on December 18, 2024. These financial and operational developments are expected to play a critical role in the company’s future growth and stability in the metals and mining sector.