Core Silver Corp (CSE: CC) has announced a non-brokered private placement offering of up to 1,818,182 flow-through units at $0.55 per unit, targeting aggregate gross proceeds of up to $1,000,000.10. The financing is intended to extend the company's 2026 drilling program at its Touleary Project in Yukon beyond the initially planned 3,000 metres. Proceeds will be applied toward Canadian exploration expenses qualifying as flow-through mining expenditures, with all qualifying expenditures to be renounced in favour of subscribers effective December 31, 2027. The offering is expected to close on or about October 30, 2026, subject to CSE approval.

Key Points

  • Core Silver Corp (CSE: CC | FRA: 8ZR | OTCQB: CCOOF) announced the flow-through private placement on September 29, 2026.
  • Up to 1,818,182 flow-through units priced at $0.55 each, with each unit including one flow-through common share and one-half of a warrant exercisable at $0.85 for two years.
  • Gross proceeds of up to $1,000,000.10 will fund eligible Canadian exploration expenses at the Touleary Project in Yukon on or before December 31, 2027.
  • Investors may watch for the anticipated closing date of on or about October 30, 2026, and CSE regulatory approval.

Flow-Through Unit Structure and Warrant Terms

Each flow-through unit sold in the offering consists of one common share issued as a flow-through share under the Income Tax Act (Canada) and one-half of one transferable common share purchase warrant issued on a non-flow-through basis. Each whole warrant entitles the holder to acquire one non-flow-through common share at $0.85 per share at any time within two years of issuance. Securities issued under the offering will be subject to a hold period of four months and one day from the date of issuance, as required under applicable Canadian securities laws. The company may pay finder's fees in accordance with CSE policies.

Touleary Project Drilling Expansion in Yukon

The release states that proceeds will be directed toward the company's Touleary Project, located approximately 115 kilometres south of Dawson City, Yukon. The project hosts a drill-confirmed polymetallic volcanogenic massive sulphide system containing copper, gold, zinc, and silver mineralisation. CEO Nick Rodway stated in the announcement that the financing will help Core Silver extend its 2026 drilling program at Touleary beyond the initially planned 3,000 metres, and that the company looks forward to sharing updates as drilling progresses. Only 335 metres of an approximately 3.5-kilometre interpreted geophysical trend have been tested by historical drilling, the release notes.

Closing Conditions and Tax Renunciation Timeline

The offering is expected to close on or about October 30, 2026, though the company retains discretion to adjust the closing date. Completion remains subject to customary closing conditions including applicable CSE approval. All qualifying expenditures incurred using the gross proceeds must be completed on or before December 31, 2027, and will be renounced in favour of subscribers effective that same date, as permitted and required under the Income Tax Act (Canada). The securities offered have not been and will not be registered under the United States Securities Act of 1933.