Silver Tiger Metals – Eric Sprott And A Syndicate Of Long-Only Institutional Funds Participated In Recently Closed $15 Million Bought Deal Financing
Glenn Jessome, President and CEO of Silver Tiger Metals (TSX.V:SLVR – OTCQX:SLVTF), joins me to outline the quality of the participants in their recently closed $15 Million bought deal financing, and why this was the right time to the raise capital. We expand the conversation to break down how the funds will be deployed in the ongoing exploration and development work at their 100% owned, silver-gold El Tigre Project in Mexico.
The syndicate of underwriters in this Offering was led by Stifel Canada and Desjardins Capital Markets, as co-lead underwriters and joint bookrunners, and BMO Capital Markets, SCP Resource Finance LP, Ventum Financial Corp., and Canaccord Genuity Corp. Eric Sprott also participated as a key strategic shareholder in this financing, with a show of support for the project and business strategy; after having come in during the prior capital raise back in 2020.
Glenn discusses that this interest from institutions and key stakeholders came in as a result of meetings and presentations at overseas mining conferences in Switzerland. He mentioned that when considering the backdrop of macroeconomic volatility and uncertainty in the markets, that it really was the right time to execute on this financing. We reviewed how the Project was advanced and how many Company milestones were achieved from the prior capital raised; and how these funds would allow the operations team to hit the ground running with many key lead items and initiatives on the open-pit mine build, just as soon as the permits are received.
Wrapping up we focus on the ongoing work programs as they await their open-pit permits. Glenn is lining up and analyzing financial term sheets for the capex needed to build the open-pit mine at El Tigre. Additionally, the company is continuing to drill from underground targeting the high-grade silver veins, and the Sulfide and Shale Zones that will feed into the upcoming PEA on the second phase of underground mining, due out by June of this year.
If you have any follow up questions for Glenn about Silver Tiger, then please email me at Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Silver Tiger Metals at the time of this recording, and may choose to buy or sell shares at any time.
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Hi there OOTB, I knew that Gold was selling for around $3800 US in Shanghai but that is a BIG bounce. In CDN that would be $7426 per ounce, we must be in a Depression. The Homeless tent encampments here are increasing in location and size about one year ago we had 1400 homeless tent encampments in the province of Ontario. The media stopped reporting on them, maybe they figure out of mind out of sight. LOL! DT 🙄
Thanks for the comment DT……. I thought it was interesting…….
By Rajeev Yahaswal
Hindustan Times, New Delhi
Friday, April 11, 2025
NEW DELHI — India is considering importing gold and other high-value items, including silver, platinum, and precious stones, from the United States to address Washington’s concern about a significant trade deficit with India, two people aware of the matter said.
Trade diversification could be one of the ways to bridge the bilateral trade deficit with the U.S.,
Dolly Varden Silver just got approval by the NYSE American Exchange to list its shares starting on April 21st. They will still trade on the TSX-V. This should give Dolly Varden access to more liquidity. DT
+1 Indeed. Loving that Dolly Varden is getting their big board listing. More Canadian companies need to wake up and do the same thing.
CHINA TO REVALUE GOLD TO $5319
China to revalue Gold at $5,319 per Ounce to Solidify Pensions, Property and Life Insurance
China is not alone. European Pension funds vacating USA which is no longer safe.
The Silver Academy
Apr 15, 2025
China will revalue Gold to $5,319 per ounce as part of the restructuring of economy and program with their insurance industry
China’s tiered gold acquisition strategy aligns with a broader risk management initiative to stabilize pension and insurance funds by progressively increasing gold-backed allocations from 1% to 5% of total assets. This approach leverages gold’s historical stability (9.8% annualized returns in yuan since 2002) to mitigate portfolio volatility amid economic uncertainties and a slumping property market.