Nueva Recuperada

Silver X Mining Corp. released a Preliminary Economic Assessment (PEA) for its Nueva Recuperada project, targeting 6.2 million ounces of silver equivalent annually over a 14-year mine life. The PEA outlines a $439 million after-tax NPV (5% discount) and a 3-year payback, with an initial CapEx of $82 million. Production is planned across two mills at 3,000 tpd. The study relies on inferred resources, carrying inherent risks, and production decisions are not based on proven reserves or a feasibility study.

Silver X Mining (AGXPF) increased its bought deal private placement from C$10 million to C$13 million due to strong investor demand. The offering consists of 26 million units at C$0.50 each, including a common share and a half warrant. Proceeds will fund exploration and capital expenditures at the Nueva Recuperada Silver District in Peru. Underwriters, led by Red Cloud Securities, have an option to purchase additional units to raise another C$3 million. The offering is expected to close on September 29, 2025.