Silver47 Exploration Corp. Raises C$23 Million Through Brokered LIFE Financing
Silver47 Exploration Corp. (TSX Venture: AGA) announced the successful completion of a broker‑led Life‑time Financing (LIFE) transaction, raising C$23 million in a private placement. The financing was fully subscribed, and the company exercised the over‑allotment option, thereby increasing the amount of capital raised.
Details of the Financing
| Item | Value |
|---|---|
| Total proceeds | C$23 million |
| Currency | Canadian dollars |
| Transaction type | Brokered LIFE financing |
| Over‑allotment exercised | Yes |
The new capital provides Silver47 with additional liquidity to pursue its exploration program across its three primary projects: the Red Mountain VMS project in Alaska, the Adams Plateau silver‑zinc‑lead‑copper project in British Columbia, and the Michelle SEDEX deposit in Yukon Territory. The funding is expected to support drilling, resource definition, and preliminary feasibility activities, with particular emphasis on advancing the flagship Red Mountain project, which contains more than 942 mineral claims and a mining lease.
Market Reaction
Silver47’s share price closed at C$0.76 on 16 September 2025. Following the announcement, the stock traded within a range that reflects the company’s 52‑week high of C$1.26 and a 52‑week low of C$0.465, underscoring the market’s cautious response to exploration‑stage capital raises.
Regulatory and Disclosure Updates
Alongside the financing, Silver47 submitted a request to the OTC Markets Group to list its shares on the over‑the‑counter (OTC) market. The company also issued promotional material to support the OTC listing request, as reported by StockWatch and CEO.ca. These actions are part of the company’s broader strategy to increase liquidity and visibility for its shares among institutional and retail investors.
Strategic Implications
The infusion of capital is expected to:
- Accelerate drilling programs at Red Mountain and Adams Plateau, aiming to delineate larger silver‑rich volumes.
- Expand resource estimation at Michelle, a Mississippi Valley Type (MVT) SEDEX deposit that hosts silver, lead, zinc, gallium, and antimony.
- Support ongoing due diligence, permitting, and community engagement activities in all project regions.
Silver47’s management remains focused on delivering a robust exploration program while maintaining prudent financial discipline. The completed financing, combined with the OTC listing strategy, positions the company to capitalize on growth opportunities within North America’s silver‑rich mineral sector.