Silver Spruce Resources Inc. Announces Private Placement Financing

Silver Spruce Resources Inc. (TSXV: SSE) has announced a non‑brokered private placement of up to 10 000 000 units, with each unit priced at CAD 0.10. The offering is expected to raise gross proceeds of up to CAD 1 000 000 and is projected to close on or before 31 December 2025, pending approval by the TSX Venture Exchange.

Structure of the Offering

  • Unit Composition: Each unit comprises one common share and a full warrant to purchase an additional common share.
  • Warrant Details: The warrants allow purchase of one additional common share at an exercise price of CAD 0.15 per share, exercisable for a period of three years from the closing of the private placement.
  • Finder’s Fees: Fees will be paid in accordance with TSX Venture Exchange policies.

Use of Proceeds

The proceeds will be allocated to:

  1. Exploration activities on the company’s mineral projects, including gold, precious minerals, and diamonds, with existing mineral claims in Newfoundland and Saskatchewan.
  2. General working capital requirements.

Company Overview

Silver Spruce Resources Inc. is a junior exploration company based in Bridgewater, Canada, listed on the TSX Venture Exchange. The company’s diversified portfolio includes the 100 % owned Jackie Au‑Ag Project, an early‑stage epithermal project located near Minera Alamos’ Nicho deposit in Sonora, Mexico, among other holdings. The company’s website is www.silverspruceresources.com .

Market Context

  • Current Share Price: CAD 0.11 (as of 3 December 2025).
  • 52‑Week High/Low: CAD 0.45 / CAD 0.10.
  • Market Capitalisation: CAD 2 269 069.
  • Price‑Earnings Ratio: –7.34.

The private placement represents a strategic financing initiative aimed at supporting Silver Spruce’s exploration program and maintaining liquidity for ongoing operations.