01:55 PM EDT, 06/05/2025 (MT Newswires) -- IMPACT Silver ( ISVLF ) on Thursday said it closed a final tranche of a non-brokered private placement financing, initially announced on April 15 and subsequently increased on April 18, bringing the total oversubscribed financing to around $5.2 million, including the first tranche closing of approximately $3.9 million.

The company said it received aggregate proceeds of $92,000 from the sale of 460,000 LIFE units at $0.20 each and around $1.1 million from the issuance of roughly 6.5-million units priced at $0.18 each, for a total of about $1.2 million.

Each unit was made up of a share and a three-year warrant to buy a share for $0.24.

The LIFE units included a share and one-half of two-year warrant to buy a share for $0.26.

The company plans to use the proceeds to speed exploration at its Plomosas high-grade zinc-lead-silver property 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.

The company's shares were last seen up $0.02 to $0.26 on the TSX Venture Exchange.

Price: 0.26, Change: +0.02, Percent Change: +8.51