Silver North Increases Private Placement Offering to C$7 Million

Silver North Resources Ltd has announced an increase in its brokered private placement offering due to strong investor demand. The company, in collaboration with Red Cloud Securities Inc., raised the maximum gross proceeds from C$5 million to C$7 million. The offering comprises up to 5 million units at C$0.40 each and approximately 8.9 million flow-through units priced at C$0.56 each.

Each unit includes a common share and a half warrant, while each flow-through unit, aimed at charitable purchasers, includes a flow-through share and a half warrant. The warrants can be exercised to purchase a common share at C$0.56 within 36 months post-closing. The proceeds are earmarked for exploration at the Haldane and Veronica properties in the Yukon Territory, with flow-through shares focused on Canadian exploration expenses.

The offering is expected to close on February 5, 2026, pending regulatory approvals and will be available to residents of selected Canadian provinces under specific exemptions. The units will also be privately offered to U.S. and international investors.