Perth, Australia (ABN Newswire) – Basin Energy Limited (ASX:BSN) (OTCMKTS:BSNEF) reported results from its initial drilling program at the district scale Sybella Barkly Project (‘Sybella Barkly’ or the ‘Project’), confirming sediment-hosted REE anomalism and defining a laterally extensive palaeochannel architecture prospective for channel-hosted roll-front uranium mineralisation.

Key Highlights

– Maiden drilling confirms district-scale, sediment-hosted Rare Earth Element (‘REE’) system potential at Sybella Barkly.

– Total Rare Earth Element Oxides (‘TREO’) mineralisation intersected at 54 metres depth and remains open, highlighting significant upside from limited drilling to date.

o SBDH25021: 2 m @ 1,112 ppm TREO from 54 m to end of hole, including 302 ppm NdPr oxide from 54 m, within broader 5 m @ 850 ppm TREO.

o Neighbouring holes that did not reach a comparable depth, demonstrate similar down hole anomalism with up to 3 m at 534 ppm TREO.

– Geological continuity demonstrated over kilometres of strike. One drill hole ending in the interpreted mineralised horizon leaving the system open in all directions.

– Multiple additional TREO intercepts across widely spaced drill holes confirm a laterally extensive REE system, including:

o SBDH25027: 3 m @ 920 ppm TREO from 32 m within 6 m @ 734 ppm TREO from 29 m; including 6 m @ 135 ppm NdPr oxide

o SBDH25040: 3 m @ 700 ppm TREO from 35 m; including 164 ppm NdPr oxide

o SBDH25098: 9 m @ 584 ppm TREO from 19 m; including 104 ppm NdPr oxide

– Identified mineralisation confirms the concept of REEs being mobilised into the Barkly tablelands sediments, opening an entire new system for exploration.

– Drilling has also defined a coherent multi-kilometre palaeochannel system prospective for roll-front uranium, with uranium anomalism of up to 35 ppm U3O8 intersected within oxidised channel sediments.

– Refined geological model has expanded the prospective footprint and resulted in additional samples from phase 1 being submitted for analysis. Results are expected in late Q1.

– Based on encouraging initial REE results, a follow-up drill program has been approved to test open REE mineralisation, to be undertaken in parallel with first pass drilling of highly prospective hard-rock REE targets.

Phase 1 drilling was completed across the northern half of the Project. Aircore drillholes targeted regional scale electromagnetic (‘EM’) conductors interpreted to be prospective for REE mineralisation and palaeochannel uranium mineralisation. Part of the drilling program was eligible for the Queensland Government CEI grant scheme, where Basin can claim $150,000 toward costs.

This maiden program represents the first systematic drilling of the Project and successfully validates the Company’s geological concept for the district-scale sediment hosted REE and uranium potential, with drill holes spaced kilometres apart. The recognition of the REE mineralisation beneath the initial target horizon is extremely exciting, validating the Company’s concept and taking it to the next level.

Managing Director, Pete Moorhouse commented:

‘With these exciting results from our initial drill campaign, the Board has fast tracked approval for follow-on drilling. The next drill program will test both the sediment hosted REE mineralisation for depth continuity at hole SBDH25021 and the advanced hard rock rare earth prospects near Newmans Bore, akin to the Red Metal Sybella Discovery. This program will commence as soon as weather and conditions permit.

Phase 1 drilling commenced on the most greenfield target set of Basin’s recently acquired Sybella Barkly portfolio, targeting the sediment hosted potential for uranium and REEs. This was completed first to satisfy requirements set by the Queensland Government co-founding exploration incentive that will see Basin receive $150K contribution toward the drilling costs.

Drilling primarily targeted conductive clay horizons, however, our best REE anomalism was intersected underneath this horizon. Drillhole SBDH25021, which ended in 2 metres of over 1,100 ppm TREO below this horizon, leaves fantastic upside in all directions. Surrounding drillholes that failed to drill underneath the clay horizons, confirmed the presence of laterally extensive geochemical anomalism associated with the same upper sequence, further supporting the target. This data proves the concept that the REE-rich Sybella granites are shedding and mobilising REE throughout the expansive sediments of the Barkly tablelands and supports further drilling.

From a uranium perspective, we successfully defined an extensive coherent palaeochannel system capable of transporting and concentrating uranium. Considering the presence of multiple metres of strongly anomalous uranium within these sediments, this demonstrates a potential active system, with the next steps being to follow the channels to find the favourable reduced environments suitable to act as a trap. The potential for a South Australian Frome Basin style system here in Queensland is tangible.’

District Scale Sediment-Hosted REE System Confirmed

Basin’s maiden drill program identified REE anomalism across several drill holes and stratigraphic horizons (Figures 1 & 2*). Critical to the exploration of the Project, drilling has identified a prospective horizon underneath the previous target zone of the airborne EM conductor. This horizon is located directly beneath a thick red clay sequence, in which the majority of holes terminated within. Drillhole SBDH25021 is one a of few drillholes of the program that drilled through the oxidised horizon and ended in mineralisation directly beneath:

– SBDH25021: 2 m @ 1,112 ppm TREO including 2 m @ 302 ppm NdPr oxide from 54 m to the end of hole within a broader 5 m @ 850 ppm TREO from 51 m.

Drill hole SBDH25023, located approximately 2 km to the southwest, stopped at the base of the red clay sequence however returned an elevated value of 2 m at 390 ppm TREO at the end of hole, importantly showing anomalism in the same stratigraphic horizon to hole SBDH25021.

A further 3.5 km to the west, hole SBDH25022 drilled through the red clays into a gravel unit, which also demonstrated anomalous TREO of 3 m at 534 ppm from 32 m. These are the only holes to drill through the red clays in this region, and all show increased TREO levels as the hole approaches the prospective horizon (Figures 1 and 2*).

Anomalous neodymium and praseodymium oxide (‘NdPr oxide’) values are associated with these intercepts, supporting the potential magnet REE content. Refer to Appendix 2* for drillhole collar information and Appendix 3* for assay results.

Other significant intercepts from the program, as defined for the highlights as over 500 ppm TREO over 3 metres, include:

o Drillhole SBDH25027: 3 m @ 920 ppm TREO from 32 m within 6 m @ 734 ppm TREO from 29 m; including 6 m @ 135 ppm NdPr oxide.

o Drillhole SBDH25040: 3 m @ 700 ppm TREO from 35 m; including 164 ppm NdPr oxide.

o Drillhole SBDH25098: 9 m @ 584 ppm TREO from 19 m; including 104 ppm NdPr oxide.

o Drillhole SBDH25093: 3 m @ 546 ppm TREO from 19 m.

Drilling has established a laterally extensive sediment-hosted prospective REE system using very wide spaced drill holes, typically over 1 kilometre apart. Geological and geochemical relationships indicate that the potential for further, higher-grade TREO exists, especially directly beneath the red clay zone as shown in figure 1*.

This revised targeting and lithological relationship has prompted the Company to expand its geochemical sampling program, with additional prospective samples being submitted for analysis. The initial sampling regime had been based on the conductive clay target model. Additionally, individual metre samples have been selected and submitted for higher resolution analysis of intervals of interest, critical for understanding mineral controls and distribution.

Palaeoflow directions data indicates that the system may extend directly south where no EM data exists to map the clays and channels. As part of this, Basin is assessing options for obtaining geophysics to map the southern extensions to the EM coverage.

Palaeochannel Architecture and Uranium Prospectivity Defined

Phase 1 drilling has delineated a coherent palaeochannel system characterised by stacked sands and basal gravels, interpreted to represent a significant palaeodrainage network with a broad north-south palaeoflow direction. Key observations include:

– Consistent channel architecture across kilometre-scale strike

– Widespread oxidised and bleached sands indicative of sustained groundwater flow

– Elevated uranium values locally associated with channel sands and basal gravels, with results of up to 35 ppm U3O8 over 3 m (Figure 3*), representing approximately 10 times background.

Drillhole SBDH25027 returned 14 m @ 18 ppm U3O8, including 3 m @ 25 ppm U3O8 from 29 m and 3 m at 35 ppm U3O8 from 32 m. Strongly anomalous vanadium values were also returned for this interval, including a peak of 480 ppm from 29 to 32 m.

Step-out drilling along these interpreted channels demonstrates a transition from a clean, highly permeable white sand unit proximal to the Sybella Granites, to oxidised channel facies with evidence for uranium mobilisation providing a clear geological and geochemical vector toward more prospective reduced environments that remain untested to the south.

Chip tray observations indicate the drilled palaeochannel sediments are predominantly oxidised and locally bleached, with no obvious reduced (grey/green) facies observed in the intervals drilled to date. This is consistent with the oxidised transport domain of a roll-front system, and suggests the potential reduced trap remains untested further down-gradient.

The EM data has proven to be an excellent tool in palaeochannel mapping, which allows follow-up on distal drilling down hydraulic gradient, along with systematic fenceline drilling.

Next District Scale Target – Granite Hosted REE Potential

Basin has completed access arrangements to allow Phase 2 drilling; which will target the hard rock potential of the various granites comprising the Sybella Batholith. These rocks are known to contain zones of enriched REE, including the Red Metal (ASX:RDM) owned Sybella Discovery (4.795 Bt @ 302 ppm NdPr using a 200 ppm NdPr cutoff grade).

A shallow proof of concept auger drill hole program was completed in 2023 on the project area which demonstrated the presence of strongly anomalous REEs, refer figures 4 and 6*. A total of 82 auger holes were completed, with a maximum hole depth of 18 m and several of which were never assayed.

Strong REE anomalism was identified across three prospects (Figure 4*) with the best anomaly being 5 m at 1,951 ppm TREO with 578 ppm NdPr oxide from 4 m to the end of hole. Drilling at Newman’s prospect highlighted a 3.7 km strike length prospective zone where drilling returned TREO values >1,000 ppm.

These results are very significant, considering all were reported to the end of holes (auger blade refusal), and the analogy in the geochemical anomaly of the Red Metal’s Sybella deposit, refer figure 5 and 6*.

Additionally, the newly completed drilling has identified elevated TREOs in the drainage system directly west of Newmans, refer figure 1*. This appears to demonstrate a different signature to the sediment hosted REE anomalism and instead has a correlation with sand and gravels. This could be interpreted as direct mobilisation from the mineralised granites at Newmans.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/5UE5S6DT

About Basin Energy Ltd:

Basin Energy Ltd (ASX:BSN) (OTCMKTS:BSNEF) is a green energy metals exploration and development company with an interest in three highly prospective projects positioned in the southeast corner and margins of the world-renowned Athabasca Basin in Canada and has recently acquired a significant portfolio of Green Energy Metals exploration assets located in Scandinavia.

Source:
Basin Energy Ltd

Contact:
Pete Moorhouse
Managing Director
pete.m@basinenergy.com.au
+61 7 3667 7449

Chloe Hayes
Investor and Media Relations
chloe@janemorganmanagement.com.au
+61 458619317

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Oreterra Metals Corp. (TSXV: OTMC,OTC:RMIOD) (OTCID: OTMCF) (OTCID: RMIOD) (FSE: D4RO) (WKN: A421RQ) (‘Oreterra’ or the ‘Company’) (previously, ‘Romios Gold Resources Inc.’) is pleased to announce that, due to continued significant demand, the non-brokered private placement financing announced on February 10, 2026, upsized on February 12, 2026, and further upsized on February 18, 2026, will be again be further increased by up to $500,000 for aggregate gross proceeds of up to $9,500,000 through the issuance of a combination of up to $5,500,000 in hard-dollar units (‘HD Units’) of the Company at a price of $0.45 per HD Unit and up to $4,000,000 in flow-through units (‘FT Units’) at a price of $0.50 per FT Unit (collectively, the ‘Offering’). Closing of the Offering is scheduled for February 27, 2026.

Insiders may subscribe for up to 5% of the Offering. Such insider private placements will be exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 (‘MI 61-101‘) by virtue of the exemptions contained in sections 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company which will be issued to the insiders will not exceed 25% of its market capitalization.

Financing Details:

Each HD Unit, priced at $0.45, comprises of one (1) common share of the Company and one (1) common share purchase warrant (each a ‘HD Warrant‘). Each HD Warrant will entitle the holder thereof to acquire one additional common share of the Company at an exercise price of $0.60 per share for three years following the closing of the Offering.

Each FT Unit, priced at $0.50, comprises of one (1) common flow-through share of the Company (each a ‘FT Share‘), and one (1) common share purchase warrant (each an ‘FT Warrant‘). Each FT Warrant will entitle the holder thereof to acquire one additional common share of the Company at an exercise price of $0.60 per share for three years following the closing of the Offering.

The Company may pay eligible finders a fee of 6% of the proceeds from the sale of HD Units or FT Units in cash or securities, or a combination of both, subject to the rules of the TSX Venture Exchange (the ‘TSXV‘).

The FT Shares will qualify as ‘flow-through shares’ (within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the ‘Tax Act’). An amount equal to the gross proceeds from the issuance of the FT Shares will be used to incur eligible resource exploration expenses which will qualify as (i) ‘Canadian exploration expenses’ (as defined in the Tax Act), and (ii) as ‘flow-through critical mineral mining expenditures’ (as defined in subsection 127(9) of the Tax Act) (collectively, the ‘Qualifying Expenditures‘). Qualifying Expenditures in an aggregate amount not less than the gross proceeds raised from the issue of the FT Shares will be incurred (or deemed to be incurred) by the Company on or before December 31, 2027 and will be renounced by the Company to the initial purchasers of the FT Shares with an effective date no later than December 31, 2026. The net proceeds from the issuance of HD Units will be primarily used for exploration activities at the Company’s Trek property, as well as for general working capital purposes.

It is expected that the Offering will close on or before February 27, 2026, or such other date or dates that the Company may determine (the ‘Closing Date‘), subject to the receipt of all required regulatory approvals, including the approval of the TSXV. All securities issued in connection with the Offering will be subject to a hold period of four months and one day from the Closing Date, in accordance with applicable Canadian securities laws. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

About Oreterra Metals Corp.

Oreterra Metals Corp. commenced trading on February 2, 2026, under the new ticker OTMC, following a months-long effort to restructure the former Romios Gold Resources Inc.. Management took on the task because it believes the Company’s wholly-owned Trek South porphyry copper-gold prospect represents, based upon the impressive results of the spectrum of geosciences applied to the target area to date, among the finest new targets of its kind in BC’s Golden Triangle. The Company recently released (news, January 22, 2026) a National Instrument 43-101 Technical Report for the Trek property which recommends two initial phases of drilling at Trek South, for execution in the approaching 2026 field season. A copy of the Technical Report is available on the Company’s website at www.oreterra.com, and on the Company’s SEDAR+ issuer profile at www.sedarplus.ca.

Additional wholly-owned Company property interests include two former producers in Nevada: the Kinkaid claims in the Walker Lane trend covering numerous shallow Au-Ag-Cu workings over what is believed to be one or more porphyry centres (source: J.Biczok, P.Geo, June 2025, Kinkaid Gold-Copper-Silver Project, www.oreterra.com), and the Scossa mine property in the Sleeper trend which is a former high-grade gold producer (source: J.Biczok, P.Geo, July 2025, Scossa Historic Gold Mine Property, www.oreterra.com). The Company also holds a 100% interest in the large Lundmark-Akow Lake Au-Cu property adjacent to the northwest of the Musselwhite Mine in northwestern Ontario, where drilling by the Company has produced highly encouraging, broad VMS-style Au-Cu intersections.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

This news release includes certain ‘forward-looking statements’ which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as ‘believes’, ‘anticipates’, ‘expects’, ‘estimates’, ‘may’, ‘could’, ‘would’, ‘will’, or ‘plan’. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

NOT FOR DISSEMINATION, DISTRIBUTION, RELEASE, OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284585

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(TheNewswire)

February 19, 2026 TheNewswire Muskoka, Ontario Steadright Critical Minerals Inc. (CSE:SCM,OTC:SCMNF) (‘Steadright’ or the ‘Company’) is pleased to announce that it has arranged non-brokered private placement offerings of units for gross proceeds of up to $2,500,000 (the ‘Offering’).

 

Under the Offering, the Company will issue up to 10,000,000 units (‘Units‘) at a price of $0.25 per Unit. Each Unit will consist of one (1) common share and one (1) common share purchase warrant (a ‘Warrant‘). Each Warrant will entitle the holder to purchase one (1) additional common share at an exercise price of $0.31 per Warrant for a period of twenty-four (24) months following the closing date.

 

The proceeds from the Offering will be used for general working capital and corporate purposes and the private placement may close in tranches.

 

All securities issued in connection with the Offering will be subject to a statutory hold period of four (4) months and one (1) day from the date of issuance in accordance with applicable securities legislation. The Offering remains subject to regulatory approvals, including approval from the Canadian Securities Exchange, as applicable.

 

The Company may pay finder’s fees to eligible parties in connection with the Offering in accordance with applicable securities laws and the policies of the Canadian Securities Exchange.

  

Steadright CEO, Matt Lewis, notes:

 

1. ‘The new Website and February Presentation Deck can be found at www.steadright.ca. Please give them both a good look.’

 

2. ‘I will be at the Prospectors and Developers Association Convention (PDAC) for its duration and will be doing meetings close by with shareholders and other interested parties. If you’d like to meet, please get in contact (see email and numbers below) and I look forward to our chat.’

 

ABOUT Steadright Critical Minerals INC.

 

Steadright Critical Minerals Inc. is a mineral exploration company established in 2019. Steadright has been focused since late spring 2025 on finding exploration and historical mining projects that can be brought into production within the Moroccan critical mineral space. Steadright currently has exposure through a Moroccan entity known as NSM Capital Sarl, with over 192 sq KMs of mineral exploration claims called the TitanBeach Titanium  Project, and found in the Southern Provinces of Morocco. Steadright also has signed a Binding MOU for the historic Goundafa Mine within the Kingdom of Morocco, has acquired the Copper Valley historic copper-lead-silver project and has an LOI with SilverLine Mining Sarl.  

ON BEHALF OF THE BOARD OF DIRECTORS

For further information, please contact:

 

Matt Lewis 

CEO & Director 

Steadright Critical Minerals Inc.

 

Email: enquiries@steadright.ca 

Tel: 1-905-410-0587

Website and Presentation Deck: www.steadright.ca

 

Neither the Canadian Securities Exchange (the ‘CSE’) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. Forward-looking information in this release includes, but is not limited to, statements regarding the completion and size of the Offering, the expected use of proceeds, the potential payment of finder’s fees, the receipt of all necessary regulatory approvals, and the Company’s business plans and exploration objectives. Forward-looking information is subject to known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of Steadright to be materially different from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: the risk that the Offering may not be completed or may not be completed on the terms described herein; the use of proceeds may differ from management’s current expectations; the risk that regulatory approvals may not be received in a timely manner, or at all; risks related to the junior mining and exploration industry generally; fluctuations in commodity prices; access to financing on acceptable terms; general economic, market and business conditions; and changes in laws and regulations. Although Steadright has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Forward-looking information contained herein is based on management’s current expectations, estimates, projections, assumptions and beliefs, and is provided as of the date of this news release. Steadright does not undertake to update any forward-looking information, except as required by applicable securities laws.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the ‎securities in the United States. The securities have not been and will not be registered under the United ‎States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘) or any state securities laws and ‎may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons ‎unless registered under the U.S. Securities Act and applicable state securities laws, unless an ‎exemption from such registration is available.‎

Not for distribution to United States Newswire Services or for dissemination in the United States  

Copyright (c) 2026 TheNewswire – All rights reserved.

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Silverco Mining Ltd. (TSXV: SICO,OTC:QTZCF) (‘Silverco’ or the ‘Company’) is pleased to announce that it has closed its previously announced ‘bought deal’ offering (the ‘Offering’) with Velocity Capital Partners (‘Velocity’) as sole bookrunner and Desjardins Securities Inc. (together with Velocity, the ‘Lead Underwriters’), as co-lead underwriters, on their own behalf and on behalf of a syndicate of underwriters which included ATB Capital Markets Corp., Canaccord Genuity Corp., National Bank Financial Inc. and Raymond James Ltd. (collectively, with the Lead Underwriters, the ‘Underwriters’), for aggregate gross proceeds of $62,500,000.

Eric Sprott, a current insider of Silverco, participated in the Offering with a lead order of $10,000,000.

Pursuant to the Offering, the Company issued, on a ‘bought deal’ basis, (i) 4,000,000 common shares of the Company (the ‘Offered Shares‘) at a price of $12.50 (the ‘Issue Price‘) per Offered Share, for aggregate gross proceeds to the Company of $50,000,000, and (ii) 1,000,000 units of the Company (the ‘Units‘ and together with the Offered Shares, the ‘Offered Securities‘) at the Issue Price per Unit, for additional aggregate gross proceeds to the Company of $12,500,000.

Each Unit consisted of one common share of the Company and one-quarter of one warrant, with each whole warrant being exercisable for one common share of the Company at an exercise price of $18.00 per share for a period of 18 months from the date hereof.

Mark Ayranto, President and CEO, commented: ‘This $62.5 million financing provides the financial strength to match our operational ambitions. Between the pending acquisition of Nuevo Silver and the upcoming restart at Cusi, Silverco is undergoing a fundamental transformation. We are moving into 2026 with a robust balance sheet and a clear path to becoming a significant silver producer.’

The Offered Securities were offered in each of the Provinces and Territories of Canada (other than Québec) as to: (i) the Offered Shares in reliance on the ‘listed issuer financing exemption’ from the prospectus requirements available under National Instrument 45-106 − Prospectus Exemptions (‘NI 45-106‘), as modified by Coordinated Blanket Order 45-935 − Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the ‘Listed Issuer Financing Exemption‘); and (ii) the Units in reliance on other exemptions from the prospectus requirements available under NI 45-106 other than the Listed Issuer Financing Exemption (the ‘Private Placement Exemption‘).

The Offered Securities were also offered on a private placement basis in such offshore jurisdictions as mutually agreed between the Company and Velocity, and in the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933 (the ‘U.S. Securities Act‘), as amended. Any Offered Securities offered in the United States are characterized as ‘restricted securities’ under the U.S. Securities Act.

The net proceeds of the Offering will be used by the Company for exploration, evaluation and restart work on the Cusi Project, general and administrative expenditures and working capital.

In consideration for their services, the Company paid to the Underwriters a cash fee equal to 5% of the gross proceeds of the Offering, other than in connection with a subscription settled directly with the Company for which no commission was paid.

The Offered Shares issued pursuant to the Listed Issuer Financing Exemption are not subject to resale restrictions pursuant to applicable Canadian securities laws. The Units and the underlying securities issued pursuant to the Private Placement Exemption are subject to a hold period of four months and one day from the date hereof in accordance with applicable Canadian securities laws. The Offering remains subject to the final acceptance of the TSX Venture Exchange (‘TSXV‘).

Insiders of the Company subscribed for a total of 98,000 Offered Shares and 800,000 Units, for aggregate gross proceeds of $11,225,000. The participation by each insider in the Offering constitutes a ‘related party transaction’, within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101’). The Company has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, in respect of the related party participation in the Offering, as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the interested parties, exceeded 25% of the Company’s market capitalization (as determined under MI 61-101).There is an amended and restated offering document related to the Offering that can be accessed on SEDAR+ (www.sedarplus.ca) under Silverco’s issuer profile and on the Company’s website at www.silvercomining.com.

The Offered Securities have not been registered and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About Silverco Mining Ltd.

The Company owns a 100% interest in the 11,665-hectare Cusi Project located in Chihuahua State, Mexico (the ‘Cusi Property‘). It lies within the prolific Sierra Madre Occidental gold-silver belt. There is an existing 1,200 ton per day mill with tailings capacity at the Cusi Property.

The Cusi Property is a past-producing underground silver-lead-zinc-gold project approximately 135 kilometres west of Chihuahua City. The Cusi Property boasts excellent infrastructure, including paved highway access and connection to the national power grid.

The Cusi Property hosts multiple historical Ag-Au-Pb-Zn producing mines each developed along multiple vein structures. The Cusi Property hosts several significant exploration targets, including the extension of a newly identified downthrown mineralized geological block and additional potential through claim consolidation.

Cautionary Statement and Forward-Looking Information

This news release contains ‘forward-looking statements’ within the meaning of the applicable Canadian securities legislation that are based on expectations, estimates, assumptions, geological theories, and projections as at the date of this news release. The information in this news release about any information herein that is not a historical fact may be ‘forward-looking statements.’ Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (which may, but not always, include phrases such as ‘anticipates’, ‘plans’, ‘scheduled’, ‘believed’ or ‘intends’ or variations of such words and phrases or stating that certain actions, events or results ‘may’ or ‘could’, ‘would’, ‘might’ or ‘will’ be taken to occur or be achieved) including statements regarding the Company’s plans with respect to the Company’s projects and the timing related thereto, the merits of the Company’s projects, the Company’s objectives, plans and strategies, the use of proceeds of the Offering and other matters are not statements of historical fact and may be forward-looking statements and are intended to identify forward-looking statements.

Although the forward-looking statements contained in this news release are based upon what management believes, or believed at the time, to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with such forward-looking statements, as there may be other factors that cause results not to be as anticipated, estimated or intended. Such factors include, among others, with respect to the use of proceeds, the availability of drills and personnel, weather, the speculative nature of mineral exploration and development, fluctuating commodity prices, risks relating to the timing and ability of the Company to obtain and the timing of the approval of relevant regulatory bodies, if at all; risks relating to property interests; risks related to access to the project; risks inherent in mineral exploration, including the fact that any particular phase of exploration may be unsuccessful; the availability of contractors; geo-political risks; the global economic climate; metal prices; environmental risks; political risks; and community and non-governmental actions, as described in more detail in our recent securities filings available on SEDAR+ (www.sedarplus.ca) under Silverco’s issuer profile. Further to this, geological similarities or characteristics are not guarantees or certainties of successful exploration. Neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. When considering this forward-looking information, readers should keep in mind the risk factors and other cautionary statements in the Company’s disclosure documents filed with the applicable Canadian securities regulatory authorities on SEDAR+ (www.sedarplus.ca) under Silverco’s issuer profile. The risk factors and other factors noted in the disclosure documents could cause actual events or results to differ materially from those described in any forward-looking information. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Not for distribution to United States newswire services or for dissemination in the United States

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284514

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THE Mining Investment Event (‘THE Event’), Canada’s Only Tier 1 Global Mining Investment Conference, is pleased to announce participating issuers and new and returning Partners for 2026.

‘We are excited to share that THE Event has confirmed 130 issuers and over 50 Partners for 2026. We are pleased to welcome new partners: Altitude Capital Partners, Maxit Capital, The Money Channel NYC, Ventum Capital, IAMGOLD Corporation, Apaton Finance, MNP LLP as well as all of the partners who have supported us from the beginning. Recently, we updated our sponsorship terminology to better reflect our business model and to emphasize that we value our Partners as long-term investors as we continue to build this distinctive, Canadian independent global investor platform together. We thank the international mining companies, governments, and the investment community for their continued support,’ stated Joanne Jobin, CEO & Founder of THE Event.

‘THE Event is celebrated for its dedication to diversity and inclusion, exemplified by its distinctive Student Partnership Program and THE SheCo Initiative. This year, we are pleased to share that THE SheCo Initiative, in collaboration with Vior Inc., will donate proceeds from THE Event to Moisson Rive-Sud, a food bank in Quebec that assists those vulnerable to food insecurity. I’m also pleased to announce that our Student Partnership Program for 2026, supported by Glencore Canada, IAMGOLD Corporation, and OR Royalties, is now complete,’ Jobin added.

‘We are one of the Founding Partners of International Mining Week, scheduled for June 1 to 5, alongside The International Trade and Forfaiting Association (ITFA) and The Québec Mining Association (QMA). Both the QMA and ITFA will host their events alongside THE Event, which will focus on one-on-one investor meetings. This collaboration brings together international mining firms, related companies, supply chain experts, investors, and government representatives in a single location. Information on IMW Partners, plenary sessions, and events is available at: www.themininginvestmentevent.com.’

 

International Mining Week – June 1-5, 2026
THE Mining Investment Event – June 2-4, 2026
THE Event is by invitation only – Interested investors & issuers, please go here:
https://www.themininginvestmentevent.com/register or contact Jennifer Choi, jchoi@irinc.ca

THE Mining Investment Event—Canada’s Only Tier 1 Global Mining Investment Conference^© is held annually in Québec City, Canada. It is independently owned and partnered to facilitate privately arranged meetings among mining companies, international investors, and various mining and government authorities. The conference provides a platform to hear from some of the most influential thought leaders in the sector. THE Event is committed to promoting diversity, equality, and sustainability in the mining industry through education and innovation, supported by its unique Student Partnership Program and THE SHE-Co Initiative.

THE Event is a founding member of International Mining Week (‘IMW’), also taking place in Quebec City. IMW promotes other industry-focused conferences and activities that unite global mining companies, related businesses, supply chain experts, investors, and government officials in one location for discussions and collaborative meetings across the industry.

 

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284375

This post appeared first on investingnews.com