Pacifica Silver Raises $9.55 Million in Private Placement Financing, Welcomes New Shareholders

Pacifica Silver Corp. closed the first tranche of a $10 million private placement financing, issuing 19.1 million units at $0.50 per unit, raising $9.55 million. Participants included Vizsla Silver Corp., First Majestic Silver Corp., Silvercorp Metals Inc., and Eric Sprott. The proceeds will be used for exploration and drill work at the Claudia Project in Mexico. The second tranche is expected to close on August 29, 2025.

Vancouver, British Columbia — Pacifica Silver Corp. (CSE: PSIL) has successfully closed the first tranche of its C$10 million non-brokered private placement financing. The company issued 19.1 million units at a price of C$0.50 per unit, raising a total of C$9.55 million [1].

The financing round attracted several prominent investors, including Vizsla Silver Corp., First Majestic Silver Corp., Silvercorp Metals Inc., and Eric Sprott, who is known for his significant investments in the mining sector. The proceeds from the first tranche will be used to fund exploration and drill work at the Claudia Project in Durango, Mexico, as well as general working capital [1].

Pacifica Silver Corp. is a Canadian resource company focused on its 100% owned Claudia Project in Mexico. The project, which spans 11,876 hectares, is a prime target for modern exploration and holds exceptional potential for new high-grade discoveries. The company aims to unlock the project's vast potential through an initial +8,000-metre drill program this fall [1].

The second tranche of the offering is expected to close on or about August 29, 2025. The first tranche of units will be subject to restrictions on resale until December 22, 2025. No finders' fees were paid under the offering [1].

References:
[1] https://finance.yahoo.com/news/pacifica-silver-closes-first-tranche-210500063.html