Silver North Resources Ltd. (OTCQB: TARSF) completed a non‑brokered private placement of 6 million flow‑through shares at $0.35 each, raising $2.1 million in gross proceeds. The company will allocate the entire amount to eligible Canadian exploration expenses for its Yukon projects, including the Haldane and GDR properties, and will renounce qualifying expenditures in favor of subscribers by December 31, 2025.
The placement follows a similar $2.1 million offering that closed on August 12, 2025, which was announced on June 23, 2025. The new issuance is a separate event that further strengthens the company’s capital base and demonstrates continued investor confidence in its exploration strategy.
By funding exploration in the Keno Hill Silver District—a historically high‑grade silver region adjacent to Hecla Mining’s Keno Hill Mine—Silver North positions itself to capitalize on the current record‑high silver price tailwind. The proceeds will support the 2025 drilling program at Haldane, where recent drill results have confirmed high‑grade silver intercepts along the Main Fault, and will also enable continued work on the GDR and Veronica properties.
President and CEO Jason Weber said the company is “excited to commence the 2025 program at Haldane, to expand upon our discovery at the Main Fault in 2024.” He added that the company is “looking forward to building on the Main Fault silver discovery” and highlighted the potential for high‑grade silver and lead mineralization at the Betty Target on the Veronica Property.
The market has responded positively to the placement, driven by the strong drill results at Haldane and the favorable silver price environment. Investors view the financing as a key enabler for advancing exploration and de‑risking the company’s high‑grade silver prospects.
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