05:19 PM EDT, 09/03/2025 (MT Newswires) -- Silver Storm Mining ( SVRSF ) after hours on Wednesday said it is raising $13 million in a bought-deal private placement of share units to accelerate the restart of its La Parrilla Silver Mine Complex in Durango, Mexico.

The company is selling an underwriting syndicate 52-million units priced at $0.25 per unit and made up of a share and one half of a three-year warrant to buy a second share for $0.25. Underwriters have also been granted an eight-million share over-allotment option.

The offering is scheduled to close on September 22.

Silver Storm Mining ( SVRSF ) shares closed down $0.025 to $0.255 on the TSX Venture Exchange.