Magma Silver upsizes private placement to $5 million

Magma Silver Corp. (TSXV: MGMA) announced it has increased its private placement offering from $4 million to $5 million due to investor demand, according to a company press release.

The non-brokered private placement will consist of up to 33.3 million units priced at $0.15 per unit. Each unit includes one common share and half of one warrant, with each full warrant exercisable at $0.25 per share for 36 months after closing.

The company plans to use proceeds for exploration at its Niñobamba silver-gold project in Peru, working capital and general corporate purposes. The offering is expected to close around October 22, 2025, subject to regulatory approvals including TSX Venture Exchange approval.

Magma Silver has appointed Research Capital Corporation as exclusive finder for the placement, with the finder receiving cash fees and warrants on funds raised through investors it introduces to the company.

The Vancouver-based natural resources exploration company focuses on precious metal mining projects, with its primary asset being the Niñobamba project in Peru. The project spans an 8-kilometer mineralized corridor and has received over C$14.5 million in previous exploration investment from companies including Newmont Corporation and AngloGold Ashanti Limited.

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