Blackrock Silver Corp. (TSXV: BRC), announced the increase of its gross proceeds from the announced bought deal to C$5 million. This strategic boost facilitates the expansion drilling at Nevada’s Tonopah West.

Strategic Investment Fuels Tonopah West Drilling

Blackrock Silver Corp has upsized its offering, securing a significant investment from a strategic investor for its Tonopah West project. This investment empowers the company to drill high-priority resource expansion targets.

Offering Details and Purpose

The Underwriters have agreed to purchase 25 million units at C$0.20 each. Each unit comprises a common share and a half warrant, which in total grants the investor a common share purchase at C$0.30 within 36 months post-closing.
Additionally, the company has allowed the Underwriters a 30-day option to cover over allotments or market stabilizations. The offering closing date is anticipated on January 26, 2024, and hinges on regulatory approvals.
The net proceeds are earmarked for finalizing the Tonopah West option payment, drilling, metallurgical testing, engineering evaluations, and general corporate purposes.

About Blackrock Silver Corp

Blackrock Silver Corp is a resource-focused exploration entity, advancing both precious and lithium projects across Nevada’s Northern Nevada Rift and Walker Lane trend. With substantial expertise and a successful exploration track record, the company is steering its fully-owned Nevada portfolio. For any inquiries, contact Andrew Pollard, President & CEO, via phone at 604 817-6044 or email at andrew@blackrocksilver.com.

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