Silver X Mining Corp.

Silver X Mining Corp. announces that it has granted 450,000 restricted share units with a term of 1 year and 700,000 stock options to directors and officers of the Company, in accordance with the Company's omnibus incentive plan dated August 9, 2024. Each stock option will have an exercise price of C$0.17 and will have a term of 5 years. The grant of the stock options and restricted share units is subject to TSX Venture [...]

Silver X Mining Corp. is pleased to announce the closing of its previously announced "best-efforts" private placement for aggregate gross proceeds of C$3,500,000, which includes the full exercise of the agent's option for proceeds of C$500,000. Under the Offering, the Company sold an aggregate of 20,588,235 units of the Company at a price of C$0.17 per Unit . The Offering included a lead order from [...]

Silver X Mining Corp. is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. to act as sole agent and sole bookrunner in connection with a "best-efforts" private placement to sell up to 17,647,059 units of the Company at a price of C$0.17 per Unit for gross proceeds of up to C$3,000,000 . Each Unit will consist of one common share of the Company and one Common Share purchase warrant [...]

Silver X Mining is pleased to announce an updated mineral resource estimate for its Nueva Recuperada Property in Huancavelica, Peru. This Technical Report is under National Instrument 43-101 Standards of Disclosure for Mineral Projects and includes a significant increase in resources for the Plata Mining Unit, reflecting the Company's ongoing exploration success and commitment to expanding its resource base. The Technical [...]

Silver X Mining is pleased to announce the execution of a loan facility agreement with Trafigura PTE Ltd. The loan provided to Recuperada, will be used for capital expenditures and working capital. Under the loan facility an amount of up to US$1.4 million is available to Recuperada with a tenor of up to 25 months. Interest payable to Trafigura is based on the secured overnight financing rate plus 6% per annum. The loan [...]

Silver X Mining Corp. is pleased to report its financial results for the three and nine months ended September 30, 2024 for the Nueva Recuperada Project in Central Peru. Q3 2024 Financial Highlights Revenues of $5.0 million vs. $2.1 million , an increase of $2.9 million. Significant EBITDA improvement: Adjusted EBITDA of negative $0.1M vs. Adjusted EBITDA of negative $1.0M . Cash costs of $21.5 per AgEq ounce produced [...]

Silver X Mining Corp. is announcing that it has agreed to terminate its private placement as announced by the Company on October 30, 2024, due to current market conditions. "Given the dramatic fall in the price of equities, and in other metals, especially silver, we believe the market is no longer conducive for completing the offering on terms that would be in the best interests of the Company's shareholders," said Jose [...]

Silver X Mining Corp. , a growing silver producer and developer in Central Peru, is pleased to announce changes in the methodology and metrics for determining the Company's All-In Sustaining Cost , aimed at better reflecting its operating performance and efficiency, enhancing the comparability of metrics with its peers. To improve the accuracy and presentation of AISC calculations, Silver X refined the composition of [...]

Silver X Mining Corp. is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. to act as sole agent and sole bookrunner in connection with a "best-efforts" private placement to sell up to 16,666,667 units of the Company at a price of C$0.30 per Unit for gross proceeds of up to C$5,000,000 . Each Unit will consist of one common share of the Company and one half of one Common Share [...]

Silver X Mining Corp. , a growing silver producer and developer in Central Peru, is pleased to announce its operating results for the third quarter ending September 30, 2024 at the Company's Nueva Recuperada Project in Peru. Q3 2024 Production Highlights YTD production results demonstrate sustained growth compared to the first nine months of 2023: 30% more AgEq produced 52% more ore mined and 42% more processed Grades [...]