Blackrock Silver Corp. Announces Successful Closing of Bought Deal Public Offering

Exciting News for Blackrock Silver Corp.

Vancouver, British Columbia–(Newsfile Corp. – January 30, 2025) – Blackrock Silver Corp. (TSXV: BRC) (OTCQX: BKRRF) (FSE: AHZ0) (the “Company” or “Blackrock”) is pleased to announce that it has closed its previously announced bought deal public offering (the “Offering”) of 38,334,100 units of the Company (the “Units”) at a price of $0.36 per Unit (the “Issue Price”) for aggregate gross proceeds of $13,800,276, which included the full exercise of the over-allotment option. Each Unit consists of one common share of the Company (each, a “Common Share”) and one-half of one Common Share purchase warrant (each full warrant, a “Warrant”).

The Future Looks Bright for Blackrock

This successful closing of the bought deal public offering represents a significant milestone for Blackrock Silver Corp. The Company has managed to raise substantial capital that will enable it to further expand its operations, explore new opportunities, and drive growth. With the full exercise of the over-allotment option, Blackrock has demonstrated strong investor confidence in its vision and potential.

By securing this financing, Blackrock Silver Corp. is well-positioned to pursue its strategic objectives and continue its exploration and development activities. The Company can now allocate resources towards advancing its projects, conducting exploration programs, and potentially making new discoveries in the mining sector.

Impact on Investors

Investors who participated in the bought deal public offering have the opportunity to be part of Blackrock Silver Corp.’s exciting growth journey. The successful closing of the Offering indicates positive market sentiment towards the Company, which could bode well for shareholders in the long run.

Global Implications

The closing of the bought deal public offering by Blackrock Silver Corp. is not only significant for the Company but also for the mining industry as a whole. The successful completion of such financing initiatives highlights investor interest in the sector and could signal a positive outlook for mining companies worldwide.

Conclusion

In conclusion, the closing of the bought deal public offering is a remarkable achievement for Blackrock Silver Corp. This milestone not only strengthens the Company’s financial position but also sets the stage for exciting opportunities and growth in the mining sector. With the support of investors and the ability to raise substantial capital, Blackrock is poised to make a meaningful impact in the industry.