Silver X Mining Launches Brokered Private Placement of Up To C$60M in Convertible Debentures
Silver X Mining Launches Brokered Private Placement of Up To
C$60M in Convertible Debentures
VANCOUVER, BC / ACCESS Newswire / January 27, 2026 / Silver X Mining Corp. (TSX-
V:AGX)(F:AGX) ("Silver X" or the "Company") is pleased to announce that it has entered into
an agreement with Ventum Financial Corp. as sole agent and sole bookrunner (the
"Agent"), in connection with a "best efforts" private placement offering by the Company
(the "Offering") of up to C$60 million aggregate principal amount of secured convertible
debentures of the Company (the "Convertible Debentures").
In addition, the Company has granted the Agent an option to increase the size of the
Offering by up to 15% of the number of Convertible Debentures, exercisable by the Agent,
in whole or in part, at any time up to three business days prior to the closing of the Offering.
The principal amount of the Convertible Debentures will bear interest at a fixed rate of
10.0% per annum, payable semi-annually and will mature on the date that is five years from
the Closing Date (as defined herein) (the "Maturity Date"). For the first 24 months the
Company may elect to pay interest in cash or shares at the Company's sole discretion and
thereafter interest will be paid in cash.
The principal amount of each Convertible Debenture will be convertible, at the election of
the holder, into Common Shares at a conversion price of C$1.62 per common share (the
"Conversion Price") at any time until the earlier of (i) the business day preceding the
Maturity Date, and (ii) the date of repayment in full of the principal amount of the
Convertible Debentures and all accrued and unpaid interest thereon.
Silver X intends to use the net proceeds of the Offering for development, working capital
and for general corporate purposes.
The Offering is expected to close on or about February 18, 2026 (the "Closing Date") and
remains subject to satisfaction of certain conditions, including the receipt of all necessary
corporate and regulatory approvals, including the approval of the TSX Venture Exchange. All
securities issued under the Offering will be subject to a hold period under applicable
Canadian securities laws expiring four months and one day from the closing date of the
Offering.
José García, President and CEO of Silver X, commented:
"This financing, when completed, will provide Silver X with the financial platform we need
to advance the Nueva Recuperada Property and continue executing on our strategic vision
to become a meaningful and competitive silver producer. We look forward to working with
Ventum towards the successful completion of the Offering. "
This news release does not constitute an offer to sell or a solicitation of an offer to sell any
of the Convertible Debentures in the United States. The Convertible Debentures 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, qualified under a prospectus in
Canada, and may not be offered or sold within the United States or to U.S. Persons unless
registered under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available
The Convertible Debentures may not be offered or sold in Canada except pursuant to
exemptions from the prospectus requirements of applicable Canadian provincial and
territorial securities laws.
About Silver X
Silver X is a rapidly expanding silver producer and developer advancing the Nueva
Recuperada Project in Peru, a 20,795-hectare, district-scale land package with two mining
units and over 200 targets. Current production at the Tangana Mining Unit is scaling
alongside the planned restart of the Plata Mine, supporting a path to ~6 million AgEq
ounces annually by 2029. With immediate revenue, scalable growth, and long-term
discovery upside - all within one integrated project - Silver X is building the next-generation
silver company defined by growth, resilience, and responsible mining.
For more information visit our website at www.silverxmining.com.
ON BEHALF OF THE BOARD
José M. Garcia
CEO and Director
For further information, please contact:
Kaitlin Taylor
Investor Relations
+1 778 887 6861
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
Cautionary Statement Regarding "Forward-Looking" Information
This press release contains forward-looking information within the meaning of applicable
Canadian securities legislation ("forward-looking information"). Generally, forward-looking
information can be identified by the use of forward-looking terminology such as "plans" ,
"expects" or "does not expect" , "is expected" , "budget" , "scheduled" , "estimates" ,
"forecasts" , "intends" , "anticipates" or "does not anticipate" , or "believes" , or variations of
such words and phrases or state that certain acts, events or results "may" , "could" , "would" ,
"might" or "will be taken" , "occur" or "be achieved" . All information contained in this press
release, other than statements of current and historical fact, is forward looking
information. Forward- looking information contained in this press release may include,
without limitation, statements in respect of the timing and ability of the Company to
complete the Offering; the use of proceeds in connection with the Offering; the ability to
obtain all necessary corporate and regulatory approvals, including the approval of the TSX
Venture Exchange in connection with the Offering; and the ability to satisfy all conditions to
the closing of the Offering, exploration plans, results of operations, expected performance
at the Company's project.
Forward-looking information is subject to known and unknown risks, uncertainties and
other factors that may cause the actual results, level of activity, performance or
achievements of the Company, as the case may be, to be materially different from those
expressed or implied by such forward-looking information, including but not limited to
those risks described in the Company's annual and interim MD&As and in its public
documents filed on www.sedar.com from time to time. Forward- looking statements are
based on the opinions and estimates of management as of the date such statements are
made. Although the Company 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. There can be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward- looking
information. The Company does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.
SOURCE: Silver X Mining Corp.