Silver Storm Mining closes $21M private placement

Silver Storm Mining Ltd. successfully closed its $21 million private placement on August 28, 2023, raising a total of $21,000,000 through the issuance of 42,000,000 units. The placement consisted of two tranches, with the second tranche raising $6,375,000 through the issuance of 12,750,000 units at $0.50 per unit. The company plans to use the net proceeds to fund its La Parrilla Silver Mine Complex and for general corporate and working capital purposes.

Silver Storm holds silver projects in Durango State, Mexico, including the La Parrilla Silver Mine Complex and the San Diego Project.

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