Latest news with #KootenaySilver
Yahoo
30-06-2025
- Business
- Yahoo
Kootenay Silver raises $14m to advance Mexican silver project
Canadian exploration company Kootenay Silver has finalised its previously announced upsized bought deal public offering to raise C$20m ($14.6m) for the advancement of its Columba silver project in Chihuahua, Mexico. In early June 2025, Kootenay announced a maiden resource estimate of 54 million ounces (moz) at a high grade of 284 grams per tonne (gpt) silver at the project. The offering included 19 million units at a price of C$1.05 per unit. Each unit sold comprises one common share and a half warrant, with each full warrant allowing the purchase of an additional common share at C$1.58 until 27 June 2028. The proceeds will also support the company's working capital and general corporate functions. Research Capital Corporation led the offering as the sole bookrunner, alongside a syndicate of underwriters including Red Cloud Securities. The offering was conducted in accordance with a prospectus supplement filed across all Canadian provinces on 19 June 2025, which supplemented the company's base shelf prospectus from 27 March 2024. Final approval from the TSX Venture Exchange is pending full execution of the offering. As part of the offering agreement, Kootenay Silver compensated the underwriters with a cash commission of C$1.1m and issued 1,055,497 broker warrants. Advisory fees of C$62,000 plus tax were also paid, along with 59,400 advisory broker warrants, mirroring the terms of the broker warrants. These broker warrants grant the right to acquire a common share at C$1.05 each until 27 June 2028. Arm's length finders also received cash finder's fees totalling C$30,000 in relation to certain president's list purchasers. "Kootenay Silver raises $14m to advance Mexican silver project" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
The Market Online
21-06-2025
- Business
- The Market Online
Two rebounding stocks for the long run
While many investors are fond of bowing down to market fluctuations as gospel, the mostly unspoken truth is that rebounding stocks, as well as those in precipitous downfalls, require supporting facts for these fluctuations to qualify as rational. In other words, a stock's spike up or down speaks to its underlying company's valuation only if there's evidence for it. In its absence, the market's bipolar tendencies might be offering you a discount to build a position, or overvaluation to make a profitable exit. In its presence, you're the beneficiary of a data-driven investment thesis and can begin to hash out expectations in terms of time horizon and expected return. In the newest edition of Stockhouse's Weekly Market Movers, I'll analyze a pair of rebounding mining stocks supported by operations that seem to have what it takes to ramp up momentum moving forward. Atlas Salt Our first rebounding stock, Atlas Salt, market capitalization C$47.67 million, is developing the Great Atlantic salt project in Newfoundland, which is positioned to be Canada's next salt mine. The feasibility-stage project holds an estimated post-tax net present value of C$553 million, offering the potential for a 34-year operating life extracting about 84.5 million tons of salt in probable reserves, in addition to resources of 368 million tons indicated and 827 million tons inferred. According to Atlas Salt's investor presentation for June 2025, the price of U.S. rock salt imports has more than doubled since 2000 to over US$65 per ton, with North America importing about a quarter of its salt annually, granting the company plenty of room to capitalize on the ongoing trend of onshoring critical material supply chains. At total capital costs of C$1.1 billion, with a payback period of only 5 years, Great Atlantic is rapidly advancing towards production through permitting and an updated feasibility study to further validate project economics for investors and offtake partners. An initial non-binding memorandum of understanding with Scotwood Industries targets distribution of 1.25 to 1.50 million tons of salt products per year. Atlas Salt stock (TSXV:SALT), in turn, has bounced back by 36.11 per cent from its year-to-date low, largely driven by the upcoming feasibility study and the hiring of a new CEO and CFO that bring ample experience with major miners and financial institutions. I think a handful of priorities in 2025 are likely to keep pushing the stock up and to the right, including advancing regulatory compliance, geotechnical and hydrological site evaluation, potential production expansion, as well as the conversion of a pipeline of strategic partnerships into initial revenue. Nolan Peterson, Atlas Salt's CEO, spoke with Stockhouse's Lyndsay Malchuk about the new feasibility study, which is expected in Q3 2025. Watch the interview here. Kootenay Silver Our second rebounding stock, Kootenay Silver, market capitalization C$74.89 million, is a mineral explorer that controls one of the largest junior silver portfolios in Mexico, which Visual Capitalist ranks as the world's top silver-producing country. The company's portfolio is highlighted by: Its flagship Columba project, housing a maiden resource estimated at 54.1 million ounces in silver resources inferred. The Promontorio-La Negra and La Cigarra properties, representing a collective 214.2 million ounces of silver equivalent measured and indicated and 54.9 million ounces of silver equivalent inferred. At prices as of June 20, these properties are sitting on more than US$11.6 billion in silver in the ground combined, a sum on a completely different plane of existence versus the company's micro market capitalization. And with Kootenay stock up by only 2.56 per cent year-over-year, heavily trailing silver's 20 per cent gain, you wouldn't exactly intuit the company's multi-billion-dollar potential, or the fact that its operations are well-equipped to close this valuation-resource gap in a significant way. Key drivers behind this thesis include: A leadership team with success developing early-stage mining projects into acquisition-worthy targets. A C$17.4 million bought-deal offering with Research Capital expected to close on June 25 to further advance Columba, with funds going towards an ongoing 50,000-metre drilling program that has yielded numerous intercepts in the thousands of grams of silver per ton (g/t) with numerous high-grade targets still to be explored. An abundance of targets on its secondary properties waiting in the wings to add fuel to a bid for a stock price re-rating. An approximately 5 per cent investment from Canadian Mining Hall of Fame member Eric Sprott doesn't hurt either, in terms of differentiating the company from competitors when it comes to future capital raises. Over the past month-and-a-half, the market has been showing early signs of recognizing the value proposition we're laying out, with Kootenay stock (TSXV:KTN) adding more than 30 per cent over the period propelled by Columba's maiden resource, as well as a highlight intercept of 7,360 g/t silver and 30.57 per cent lead-zinc announced in early May. With exploration capital nearly in hand, look for positive news flow over the summer to continue fostering this upward trend and building awareness of Kootenay's major status among junior silver miners. James McDonald, Kootenay Silver's president and CEO, joined Coreena Robertson to comment on Columba's maiden resource estimate. Watch the interview here. Thanks for reading! I'll see you next week for a new edition of Stockhouse's Weekly Market Movers. Here's the most recent article, in case you missed it. Join the discussion: Find out what everybody's saying about these rebounding stocks on the Atlas Salt Inc. and Kootenay Silver Inc. Bullboards and check out Stockhouse's stock forums and message boards. This is sponsored content issued on behalf of Atlas Salt Inc. and Kootenay Silver Inc., please see full disclaimer here.
Yahoo
17-06-2025
- Business
- Yahoo
Kootenay Silver Announces $12 Million Bought Deal Public Offering of Units
The Base Shelf Prospectus is accessible, and the Prospectus Supplement will be accessible within two business days, through SEDAR+ Vancouver, British Columbia--(Newsfile Corp. - June 17, 2025) - Kootenay Silver Inc. (TSXV: KTN) (OTCQX: KOOYF) (the "Company" or "Kootenay") is pleased to announce that it has entered into an agreement with Research Capital Corporation as the lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 11,430,000 units of the Company (the "Units") at a price of $1.05 per Unit for aggregate gross proceeds to the Company of $12,001,500 (the "Offering"). Each Unit shall be comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $1.58 per Common Share for a period of 36 months following closing of the Offering. The net proceeds from the Offering of the Units will be used for advancement of the Company's Columba Silver Project in Mexico, working capital and general corporate purposes. The Company has granted to the Underwriters an option (the "Over-Allotment Option") to increase the size of the Offering by up to an additional number of Units, and/or the components thereof, that in aggregate would be equal to 15% of the total number of Units to be issued under the Offering, to cover over-allotments, if any, and for market stabilization purposes, exercisable at any time and from time to time up to 30 days following the closing of the Offering. The closing of the Offering is expected to occur on or about June 25, 2025 (the "Closing"), or such other earlier or later date as the Underwriters may determine. Closing is subject to the Company receiving all necessary regulatory approvals, including the approval of the TSX Venture Exchange (the "Exchange") to list, on the date of Closing, the Common Shares, and the Common Shares issuable upon exercise of the Warrants and the Underwriters' broker warrants, on the Exchange In connection with the Offering, the Company intends to file a prospectus supplement within two business days (the "Prospectus Supplement") to the Company's short form base shelf prospectus dated March 27, 2024 (the "Shelf Prospectus") with the securities regulatory authorities in each of the provinces and territories of Canada (except Quebec). The Shelf Prospectus and the Prospectus Supplement will contain, important detailed information about the Company and the Offering. Prospective investors should read the Prospectus Supplement and accompanying Shelf Prospectus and the other documents the Company has filed on SEDAR+ at before making an investment decision. This press release is not an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from U.S. registration requirements and applicable U.S. state securities laws. About Kootenay Silver Inc. Kootenay Silver Inc. is an exploration company actively engaged in the discovery and development of mineral projects in the Sierra Madre Region of Mexico. Supported by one of the largest junior portfolios of silver assets in Mexico, Kootenay continues to provide its shareholders with significant leverage to silver prices. The Company remains focused on the expansion of its current silver resources, new discoveries and the near-term economic development of its priority silver projects located in prolific mining districts in Sonora, State and Chihuahua, State, Mexico, respectively. For additional information, please contact:James McDonald, CEO and President at 403-880-6016Ken Berry, Chairman at 604-601-5652; 1-888-601-5650or visit: CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to the completion of the Offering and the timing thereof, the use of proceeds of the Offering, the exercise by the Underwriters of the Over-Allotment Option, the timely receipt of all necessary approvals, including approval of the TSX Venture Exchange. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect. Assumptions have been made regarding, among other things: conditions in general economic and financial markets; accuracy of assay results; geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services; future operating costs; and the historical basis for current estimates of potential quantities and grades of target zones. The actual results could differ materially from those anticipated in these forward-looking statements as a result of risk factors, including the timing and content of work programs; results of exploration activities and development of mineral properties; the interpretation and uncertainties of drilling results and other geological data; receipt, maintenance and security of permits and mineral property titles; environmental and other regulatory risks; project costs overruns or unanticipated costs and expenses; availability of funds; failure to delineate potential quantities and grades of the target zones based on historical data; and general market and industry conditions. Forward-looking statements are based on the expectations and opinions of the Company's management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statements were made. The Company undertakes no obligation to update or revise any forward-looking statements included in this news release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable 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 U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES To view the source version of this press release, please visit Sign in to access your portfolio
