CA$3.5M Secured to Fast-Track Silver Expansion in Peru

1. Silver X Mining Corp. has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.
2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Silver X Mining Corp.
3. James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.
4.  This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. 

For additional disclosures, please click here.

osure for the quote from the Clive Maund article published on March 4, 2025

1. For the quoted article (published on March 4, 2025), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$1,500.
2. Author Certification and Compensation: [Clive Maund of clivemaund.com] is being compensated as an independent contractor by Street Smart, an affiliate of Streetwise Reports, for writing the article quoted. Maund received his UK Technical Analysts’ Diploma in 1989.  The recommendations and opinions expressed in the article accurately reflect the personal, independent, and objective views of the author regarding any and all of the designated securities discussed. No part of the compensation received by the author was, is, or will be directly or indirectly related to the specific recommendations or views expressed

Clivemaund.com Disclosures

The quoted article represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks cannot be  only be construed as a recommendation or solicitation to buy and sell securities.

Silver X Mining Corp. (AGX:TSX.V; AGXPF:OTC) has completed its previously announced private placement, raising gross proceeds of CA$3.5 million, including a lead order from Palisades Goldcorp Ltd. The financing, which was conducted on a "best-efforts" basis, involved the sale of 20,588,235 units at a price of CA$0.17 per unit. Each unit consists of one common share and one common share purchase warrant, with each warrant exercisable at CA$0.25 until March 13, 2028.

Red Cloud Securities Inc. acted as the sole agent and bookrunner for the offering, receiving a cash commission of CA$208,980 and 1,229,294 broker warrants, which are exercisable at CA$0.17 per share until March 13, 2028. The financing was conducted under the listed issuer financing exemption in Canada, allowing the securities to be immediately tradeable under Canadian securities law.

The company intends to use the net proceeds for capital and exploration expenditures at its Nueva Recuperada Silver District in Peru, in addition to funding working capital and corporate initiatives. CEO Jose Garcia emphasized the importance of the financing in executing the company's strategy, stating in the announcement, "We are pleased to close this financing with strong investor support, including from Palisades Goldcorp. The proceeds will allow us to advance operations and exploration at Nueva Recuperada as we realize our vision for this prolific silver district, executing our growth strategy."

Silver Market Trends and Industry Developments

Silver continued to play a critical role in industrial applications, particularly in the green energy sector, as market conditions reflected shifting global economic policies and investor sentiment. On March 10, Excelsior Prosperity analyzed the investment case for commodities producers, highlighting their potential for outsized returns.

Fundamental Research Corp., on February 28, gave Silver X Mining Corp. a Buy rating and a fair value estimate of CA$0.98 per share.

Shad Marquitz explained that while physical metals remained a crucial store of value, "most institutional money managers can't buy bullion and are mandated to be almost fully invested, so they'll turn to the miners." This suggested that silver mining equities played a strategic role in investment portfolios, particularly as demand for industrial metals remained strong across sectors such as solar energy, electronics, and automotive manufacturing.

On March 11, Kitco noted that silver prices, alongside gold, benefited from the weakening U.S. dollar, which fell to its lowest level since November 2024. The publication attributed this trend to escalating tariff policies in the United States, which contributed to heightened market uncertainty. Market analysts observed that "these escalating trade measures have strengthened genuine concerns about a potential U.S. economic contraction," reinforcing silver's role as a hedge against economic volatility.

That same day, Stockhead reported that silver and gold stocks outperformed other mining sectors, with several precious metals producers securing positions in key ASX indices. The report emphasized that "gold miners are pulling in record profits with inflation slowing and prices sitting above US$4,600 per ounce," a trend that similarly supported silver producers. The inclusion of multiple mining companies in major indices reflected strong institutional interest in the sector.

Expanding Silver X's Footprint: Growth, Sustainability, and Production Goals in Peru

As outlined in its investor presentation, Silver X Mining's Nueva Recuperada Silver District represents a significant land package of 20,472 hectares in Peru, containing a mix of producing, development, and exploration-stage assets.

The company's core operations include the Tangana Mining Unit, which has been in production since early 2023, and the planned development of the Plata Mining Unit, anticipated to come online in 2026.

According to Technical Analyst Clive Maund, Silver X Mining Corp. presented a compelling investment opportunity, rating it as an Immediate Buy for all time frames in his March 4 report. 

Silver X has reported an 18% increase in measured and indicated resources, with inferred resources growing by 45% as of its latest mineral resource estimate in October 2024. 

The company has also outlined expansion plans aimed at increasing production capacity. The Tangana Mining Unit, currently operating at 600 tonnes per day and fully permitted for 720 tonnes per day, has the potential to scale to 1,500 tonnes per day under planned development initiatives. The longer-term objective is to reach a production rate of 6 million silver-equivalent ounces by 2028, supported by ongoing exploration and resource expansion. 

In addition to production growth, Silver X has continued to focus on sustainability efforts within its operations. The company has secured long-term agreements with local communities and maintains a 99% water recirculation rate at its mining sites. With silver playing a critical role in industrial and green energy applications, Silver X aims to position itself as a key player in meeting growing demand within the sector.

Analyst Sees Strong Upside Potential for Silver X Mining

Fundamental Research Corp., on February 28, gave Silver X Mining Corp. a Buy rating and a fair value estimate of CA$0.98 per share, significantly higher than its trading price of CA$0.16 at the time of the report. The firm highlighted the company's potential to quadruple production, with management targeting 6 million silver-equivalent ounces annually by 2028. The report pointed to the company's Nueva Recuperada project in Peru, which includes a producing mine, multiple development assets, and strong resource expansion potential.

According to the report, Silver X's updated resource estimate of 208 million silver-equivalent ounces marked a 40% increase from its 2022 estimate, with the Tangana Mining Unit accounting for 70% of the total. A Preliminary Economic Assessment (PEA) from 2023 assigned the project an after-tax net present value (NPV) of US$175 million and an internal rate of return (IRR) of 39%, using a conservative silver price assumption of US$23 per ounce — well below the spot price of US$31 per ounce at the time of the report. Analysts noted that Silver X was trading at just 21% of its NPV, suggesting the stock was significantly undervalued.

Fundamental Research Corp. also highlighted the company's strong production trajectory, reporting a 34% year-over-year increase in silver-equivalent production in the first nine months of 2024. Revenue grew 41% year-over-year, EBITDA turned positive, and net losses narrowed by 16%. The report pointed to ongoing expansion efforts, including the anticipated 2026 production start at the Plata Mining Unit, as key drivers for future revenue growth. Additionally, Silver X's valuation remains compelling, as it trades at just US$0.30 per silver-equivalent ounce, compared to the junior silver producers' average of US$1.50 per ounce — an 80% discount.

*According to Technical Analyst Clive Maund, Silver X Mining Corp. presented a compelling investment opportunity, rating it as an Immediate Buy for all time frames in his March 4 report. Maund highlighted that the stock had declined to the lower boundary of a long-established trading range, positioning it for a potential rebound. He noted that the company was advancing steadily toward its goals by improving cost efficiencies, increasing production, and benefiting from the anticipated strength in the silver market.

Maund set multiple price targets for Silver X, with the first range between CA$0.22 and CA$0.23 per share, followed by CA$0.36 to CA$0.38, and a third target between CA$0.45 and CA$0.50. He stated that after reaching these levels, the stock could "ascend to higher levels." His analysis suggested that the company's combination of resource growth and operational expansion positioned it well for significant gains, particularly as silver prices trended upward.

Ownership and Share Structure

According to Refinitiv, six strategic investors own 21.63% of Silver X. The top shareholder is Baker Steel Resources Trust Ltd. with 9.66%. Next is CEO Garcia with 7.07%, followed by Sebastian Wahl with 4.83%.

The rest of the company's shares are in retail. 

As for share structure, Silver X has 201.89 million (201.89M) outstanding shares and 158.21M free float traded shares.

Its market cap is CA$27.08 million. Its 52-week high and low are CA$0.38 and CA$0.16 per share.