Impact Silver Announces $3.5 Million Non- Brokered Financing with a Lead Order from Strategics Trafigura Pte Ltd. and Palisades Goldcorp Ltd.
Impact Silver Announces $3.5 Million Non-
Brokered Financing with a Lead Order from
Strategics Trafigura Pte Ltd. and Palisades
Goldcorp Ltd.
Vancouver, British Columbia--(Newsfile Corp. - April 15, 2025) -
IMPACT Silver Corp. (TSXV: IPT)
(OTCQB: ISVLF) (FSE: IKL) (
"IMPACT" or the "Company") is pleased to announce a non-brokered
private placement of $3.5 million of the Company (the "Units") with lead orders from strategic investors,
Trafigura PTE LTD.
("Trafigura") and Palisades Goldcorp Ltd. ("Palisades"). The non-brokered private
placement will consist of a LIFE offering for $1.75 million, which is being fully allocated to Trafigura, and
a standard private placement for $1.75 million, of which Palisades is participating for $1.1 million.
Trafigura is a major supplier of vital resources, including non-ferrous and precious metals, as a market
leader in the global commodities industry. Trafigura was founded in 1993 and is active in more than 150
countries.
Palisades is a publicly-listed investment company focused on the junior resource space. With a strong
balance sheet and an experienced management team, Palisades provides investors with highly levered
exposure to junior resource equities. Palisades is listed on the TSX Venture Exchange under the stock
symbol PALI and holds a diversified portfolio of securities and derivatives, among which it holds a
21.64-per-cent interest in New Found Gold Corp.
Fred Davidson, President and CEO of IMPACT Silver states "We are pleased to welcome two notable
institutional investors into IMPACT Silver. Trafigura has collaborated with IMPACT for many years and
this investment signifies their commitment to long-term support with us both at Guadalupe, Plomosas,
and beyond. With Palisades Goldcorp, they have been instrumental in building multiple hundred-million-
dollar-midcap gold companies and we are pleased to have them participating in this financing."
The financing will be under the (LIFE) of National Instrument 45-106, Prospectus Exemptions, and other
private placement exemptions under NI 45-106. The LIFE portion of the Offering is referred to in this
news release as the "LIFE Offering". The Company intends to raise gross proceeds of up to $1,750,000
from the sale of up to 8,750,000 units (the "LIFE Units") at a price of $0.20 per LIFE Unit, and up to
$1,750,000 from the sale of up to 9,722,222 standard private placement units (the "Standard PP Units")
at $0.18 per Standard PP Unit. Each LIFE Unit will consist of one common share of the Company and
one half common share purchase warrant (each whole such warrant, a "Warrant"), with each Warrant
entitling the holder thereof to acquire one common share of the Company (a "Warrant Share") at a price
of $0.26 per Warrant Share for a period of 24 months from its date of issue. Each Standard PP Unit will
consist of one common share of the Company and one full Warrant, with each Warrant entitling the
holder thereof to acquire one Warrant Share at a price of $0.24 per Warrant Share for a period of 36
months from its date of issue.
The Company intends to use the proceeds from the Offering to accelerate exploration activity at its
Plomosas high-grade zinc-lead-silver property located in Chihuahua, Mexico, further develop its prolific
silver assets at its legacy Royal Mines of Zacualpan district, as well as invest in operational
improvements to improve productivity and throughput as the price of silver nears 52-week highs.
Exploration activities include sampling, target definition, and drilling with the intention of expanding the
existing JORC mineral resource at Plomosas, where only 600m of the 6-kilometre-long structure has
been tested. The region is known for hosting some of the largest carbonate replacement deposits in the
world. As such, the Company intends to allocate a portion of the proceeds to continue development and
grow production at the Plomosas high-grade zinc deposit as zinc prices continue to outperform on the
back of forecasted supply deficits.
Subject to compliance with applicable regulatory requirements and in accordance with National
Instrument 45-106 - Prospectus Exemptions, the LIFE Offering is being made pursuant to the listed
issuer financing exemption under Part 5A of NI 45-106 (the "Listed Issuer Financing Exemption"). The
securities offered under the Listed Issuer Financing Exemption will not be subject to a hold period in
accordance with applicable Canadian securities laws. There is an offering document (the "Offering
Document") related to the LIFE Offering that can be accessed under the Company's profile at
www.sedarplus.ca
and on the Company's website at
www.impactsilver.com
. Prospective investors
should read this Offering Document before making an investment decision.
The Offering is scheduled to close on or about the week of May 15, 2025 and is subject to certain
conditions including, but not limited to, the receipt of all necessary approvals including the approval of the
TSX Venture Exchange (the "Exchange"). The Company may pay finder's fees or commissions on a
portion of the Offering, subject to compliance with the policies of the Exchange and applicable securities
legislation. All common shares and Warrants issued as part of the Standard PP Units will bear a hold
period of four months and one day from the date of issuance.
ABOUT IMPACT SILVER
IMPACT Silver Corp. (TSXV: IPT) is a successful producer-explorer with two mining projects in Mexico.
Royal Mines of Zacualpan Silver-Gold District
: IMPACT owns 100% of the 211 km
2
Zacualpan
project in central Mexico where four producing underground silver mines and one open pit mine
feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a
200 tpd processing pilot plant adjacent to an open pit silver mine with an NI 43-101 inferred
mineral resource of over 4.5 million ozs silver, 48 million lbs zinc and 21 million lbs lead (see
IMPACT news release dated January 18, 2016, for details and QP statement). Company
engineers are reviewing Capire for a potential restart of operations to leverage improving
commodity prices. Over the past 18 years, IMPACT has developed multiple exploration zones into
commercial production and has produced over 13 million ounces of silver, generating revenue of
more than $277 million, with no long-term debt.
Plomosas Zinc-Lead-Silver District:
Plomosas is a high-grade zinc producer in northern Mexico
with exceptional exploration upside potential. The Company recently restarted mining operations
and is ramping up production toward design capacity levels. Exploration potential at Plomosas is
exceptional along the 6 km-long structure. This is in addition to other exploration targets on the
3,019-hectare property including untested copper-gold targets with indications of high-grade
material at surface. Regionally, Plomosas lies in the same mineral belt as some of the largest
carbonate replacement deposits in the world.
Quality Control/Quality Assurance
Samples reported in this news release were analyzed by ALS Group, an internationally recognized
analytical services provider.
Samples analyzed by ALS used a multielement ICP package for base
metals and silver.
Assays for base metals >1% used an overlimit ICP method. Certified Reference
Materials and internal control samples are added to the sample stream at regular intervals to track
accuracy of assays.
Qualified Person and NI 43-101 Disclosure
Jose Antonio Olmedo, P.Geol., a Director of IMPACT Silver Corp., is a "Qualified Person" within the
meaning of NI 43-101 and has approved the technical information contained in this news release.
Additional information about IMPACT and its operations can be found on the Company website at
www.IMPACTSilver.com
. Follow us on X (formerly Twitter)
@IMPACT_Silver
and LinkedIn at
https://www.linkedin.com/company/impactsilver
.
On behalf of IMPACT Silver Corp.
"Frederick W. Davidson"
President & CEO
For more information, please contact:
Jerry Huang
CFO | Investor Relations
O: (604) 681 0172 or
C: (778) 867 7909 Direct
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.
Forward-Looking and Cautionary Statements
This IMPACT News Release may contain certain "forward-looking" statements and information relating to IMPACT that is based on the beliefs of
IMPACT management, as well as assumptions made by and information currently available to IMPACT management. Forward-looking information is
often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "planned", "expect", "project", "predict",
"potential", "targeting", "intends", "believe", "potential", and similar expressions, or describes a "goal", or variation of such words and phrases or
state that certain actions, events or results "may", "should", "could", "would", "might" or "will" be taken, occur or be achieved. Such statements
include, but are not limited to, statements regarding interpretation of drill results, activity at the projects and estimated timing thereof, the potential for
defining and extending the known mineralization, exploration potential on the properties, and plans for drilling and future operations at the Company's
projects or plans for financing.
Such forward-looking information involves known and unknown risks and assumptions, including with respect to, without limitation, exploration and
development risks, expenditure and financing requirements, title matters, operating hazards, criminal activity, metal prices, political and economic
factors, community relations, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental
regulation and supervision, seasonality, technological change, industry practices, pandemics and one-time events. Should any one or more risks or
uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary
materially from those described herein. IMPACT does not assume the obligation to update any forward-looking statement or beliefs, opinions,
projections or other factors, except as required by law.
The Company's decision to place a mine into production, expand a mine, make other production related decisions or otherwise carry out mining and
processing operations, is largely based on internal non-public Company data and reports based on exploration, development and mining work by the
Company's geologists and engineers. The results of this work are evident in the discovery and building of multiple mines for the Company at
Zacualpan and in the track record of mineral production and financial returns of the Company since 2006. Under NI 43-101, the Company is required
to disclose that it has not based its production decisions on NI 43-101 mineral resources or reserve estimates, preliminary economic assessments or
feasibility studies, and historically such projects have increased uncertainty and risk of failure.
303-543 Granville Street
Telephone
604 664-7707
Vancouver, BC, Canada V6C 1X8
www.impactsilver.com
X (Twitter)
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/248661