Blende Silver Closes Tranche One of Private Placement for Proceeds of $1,142,500
September 17, 2026 – TheNewswire - Vancouver, Canada - Blende Silver Corp. (the “Company”) (TSX.V: BAG) (OTC: BAGGF) (WKN: A2QKT9) (FSE: BCW1) announces it has closed tranche one of the non-brokered private placement announced August 20, 2026. $422,500 was raised with the issuance of 1,690,000 Flow-Through units at a price of $0.25 and $720,000 was raised with the issuance of 3,600,000 Non Flow-Through units at a price of $0.20. All units consist of one common share and one share purchase warrant exercisable at $0.30 per share to September 16, 2028. All warrants are Non-Flow-Through.
The proceeds from the private placement will be used to advance the Blende property and for general working capital. The private placement is subject to TSX Venture Exchange approval and all securities will be subject to a four month and one day hold period expiring January 17, 2027. Finder’s fees consisting of $75,600, 252,000 finder warrants exercisable at $0.20 and 100,800 finders warrants exercisable at $0.25 to September 16, 2028 were issued in connection with tranche one the private placement, in accordance with the policies of the TSX Venture Exchange.
The private placement remains open.
This news release does not constitute an offer to sell, or the solicitation of an offer to buy, any securities within the United States or to, or for the account or benefit of, U.S. persons or persons in the United States. “United States” and “U.S. person” have the meanings ascribed to them in Regulation S under the U.S. Securities Act. The securities being issued 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 of the securities laws of any state of the United States, and may not be offered or sold within the United States or for the account or benefit of U.S. persons or persons in the United States except pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.
Blende Silver Corp. is a Vancouver-based junior resource company focused on silver-zinc-lead exploration and development at its flagship Blende Project in north-central Yukon. The 100%-owned property hosts a carbonate-hosted Ag-Zn-Pb mineral resource that has been described in published literature as the largest of its type in Yukon (M. Robinson and C.I. Godwin, Economic Geology, 1995). That characterization is based on information available as at the date of that publication and has not been independently verified or updated by the Company. The property covers 5,345 hectares, is winter road accessible, and is located approximately 63 km northeast of Keno Hill, Yukon.
The Blende property lies within the Keno Hill silver district, one of Canada’s highest-grade historic silver producing districts, currently being advanced by Hecla Mining Company. Mineralization at Keno Hill and on other properties near the Project is not necessarily indicative of mineralization on the Project. The property has undergone more than $9.2 million in past exploration ($5.2 million by Blende Silver), including 25,195 meters of drilling in 132 drill holes. The historical expenditure and drilling figures are derived from historical records that the Company has not independently verified, a Qualified Person has not done sufficient work to verify them, and they should not be relied upon. A review of historical and recent data has identified areas to the west, north, and east-southeast of the currently defined zones that the Company considers prospective for follow-up exploration.
On behalf of the Board of Directors
“Andrew H. Rees”
Andrew H. Rees
President & CEO
For further information, please contact:
Andrew H. Rees, President & CEO
Tel: 604-669-6463
NEITHER 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.
Cautionary Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information within the meaning of applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements regarding the mobilization of equipment and personnel, the anticipated timing and commencement of drilling, the scope, sequencing, and results of the planned multi-phase drill program, the interpretation and significance of the 3D IP survey data and identified chargeability anomalies, plans to mobilize over the winter road and to establish camp infrastructure and an airstrip, the potential for expanded exploration programs, the potential to update the mineral resource estimate, and the Company’s other plans and expectations. These statements are based on assumptions management believes to be reasonable and are subject to known and unknown risks, uncertainties, and other factors, including risks related to mineral exploration and development, the uncertainty of exploration results, weather and seasonal access, availability of equipment and personnel, permitting, and financing, that may cause actual results to differ materially from those expressed or implied. Geophysical anomalies, including IP chargeability responses, are not a direct indication of mineralization and may result from a variety of geological factors; there is no certainty that drilling will intersect economic or sub-economic mineralization. Readers are cautioned not to place undue reliance on forward-looking information. Except as required by applicable securities legislation, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them, and there is no certainty that all or any part of such resources will ever be upgraded to a higher cate
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES
Copyright (c) 2026 TheNewswire - All rights reserved.
