https://newsletter.mw.creamermedia.com
Gold|Mining|PROJECT
Gold|Mining|PROJECT
gold|mining|project

Sun Silver raises A$13m in strategic placement

18th September 2024

By: Creamer Media Reporter

     

Font size: - +

Australia-listed Sun Silver has successfully raised A$13-million in a capital raise, including A$5-million at a premium price.

The placement comprises the issue of 12.9-million shares at A$0.62 a share, including 6.7-million shares to new strategic cornerstone investor Nokomis Capital.

In addition, Nokomis has committed to subscribe for a further 6.25-million shares at A$0.80 a share.

“We are excited to welcome all new investors, particularly our strategic cornerstone investor, Nokomis Capital. Their investment, along with investment from other global and domestic institutions, positions us for significant growth and acceleration in project development,” said executive director Gerard O’Donovan.

Sun Silver’s main asset is its Maverick Springs project, about 85 km from the mining town of Elko, in Nevada.

The project, which is proximal to the prolific Carlin Trend, hosts a mineral resource of 195.7-million tonnes, grading 40.25 g/t silver and 0.32 g/t gold for 253.3-million ounces of contained silver and 2-million ounces of contained gold.

Edited by Creamer Media Reporter

Comments

Showroom

Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer
Magazine round up | 15 November 2024
Magazine round up | 15 November 2024
15th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:1.372 1.528s - 144pq - 2rq
Subscribe Now