08:19 AM EDT, 05/21/2025 (MT Newswires) -- Silver Storm Mining ( SVRSF ) said Wednesday that it is raising $6 million in a private placement, with funds slated for work at the La Parrilla processing facility in Mexico as well as for general corporate and working capital purposes.

The offering comprises up to 46,200,000 units priced at $0.13 apiece. Each unit will consist of one share and one warrant with each warrant exercisable at $0.20 per share for 36 months. Closing is scheduled June 5.

Silver Storm's share price dropped 6.1% on Tuesday to $0.155 on the TSXV.