09:26 AM EDT, 07/03/2025 (MT Newswires) -- Silver Storm Mining ( SVRSF ) said Thursday that it raised $3.87 million in the first tranche of its non-brokered private placement of units.

The company sold 29.8 million units at $0.13 apiece. Each unit consists of one share and one three-year warrant which can buy a share at $0.20. The units were issued under the listed issuer financing exemption.

Proceeds will be used to procure mine processing flotation cells; begin rehabilitation work of the La Parrilla processing facility in Mexico, and to order long lead items like mining equipment and ventilation fans.