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Toronto, Ontario, August 24, 2026: Silver Storm Mining Ltd. (“Silver Storm” or the “Company“) (TSX.V: SVRS | FSE: SVR), is pleased to announce that, as a result of strong investor demand, it is increasing the size of its previously announced non-brokered private placement (the “Offering”) of units of the Company (each, a “Unit”) from 15,000,000 Units to up to 30,000,000 Units, at a price of $0.50 per Unit, for aggregate gross proceeds of up to $15,000,000. See the Company’s news release dated August 21, 2026 for further details of the Offering.
Each Unit will consist of one common share of the Company (a “Common Share“) and one-half of one common share purchase warrant. Each whole warrant (a “Warrant“) will entitle the holder to acquire one additional Common Share at a price of $0.70 for a period of 18 months from the closing of the Offering.
In connection with the Offering, the Company may pay cash commissions of up to 3.0% of the applicable subscription amount to certain eligible finders who introduce subscribers to the Offering, in compliance with applicable securities laws and policies of the TSX Venture Exchange (the “TSXV“).
The Company intends to use the net proceeds of the Offering to fund surface and underground drilling programs at its La Parrilla Silver Mine Complex (“La Parrilla“), and for general corporate and working capital purposes.
Greg McKenzie, President & CEO, stated: “We are excited to add a significant strategic resource investor to our shareholder registry. Their backing validates the quality of our portfolio and provides additional capital to advance our growth programs. Together with Eric Sprott’s continued support, this addition to our shareholder registry positions Silver Storm to accelerate its underground and surface drilling program at La Parrilla and its broader initiatives, as the Company moves forward.”
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