11:12 AM EDT, 10/03/2025 (MT Newswires) -- Silver Dollar Resources ( SLVDF ) said Friday it has raised $5.9 million in its private placement of units priced at $0.35 each.

Mining magnate Eric Sprott acquired 2.9 million units at $0.35 apiece, for $1 million, raising his equity stake from 19.8% on a partially-diluted basis, to 22.1%.

Each unit consists of one share and one three-year warrant to buy a share at $0.45.

Proceeds will be used for exploration activities at the company's properties in Mexico and Idaho.

Silver Dollar shares are down $0.01, to $0.34, on the Canadian Securities Exchange.

Price: 0.35, Change: -0.01, Percent Change: -1.43