202616 releases
Kootenay Welcomes Mark Smith As Technical Advisor For La Cigarra Project Development
Kootenay Silver Inc. (TSXV: KTN) has appointed Mark Smith as a technical advisor to support planning for geotechnical drilling and engineering for the tailings facility in the La Cigarra PEA. The release also reports annual grants of options for 2.2 million shares, at $0.94 per option with a five-year term, and 1.11 million restricted and deferred share units.
ManagementKootenay Reports Drill Results from Lupe Vein as 60,000-Meter Columba Program Advances
Expansion drilling on the Lupe Vein at the Columba silver project in Chihuahua, Mexico returned 232 gpt silver, 0.3% lead and 0.6% zinc over 24.00 meters from 407 meters in CDH-26-258, and 250 gpt silver, 1.4% lead and 0.8% zinc over 11 meters in CDH-26-257, plus 759 gpt silver over 6.02 meters in CDH-26-256. More than 30,000 meters of the staged 60,000-meter program is complete, with Lupe outlined over about 520 meters of strike and 450 meters vertically and open. Drilling has moved to the Julieta, Santo Niño and Toro veins.
Drill resultsKootenay Reports Drill Results As 60,000-Meter Columba Program Advances
Expansion drilling on the D Vein at the Columba silver project in Chihuahua, Mexico returned 274 gpt silver over 6.28 metres (3.33 m etw), including 509 gpt over 2.40 metres, in CDH-26-253, and 178 gpt silver, 0.1 gpt gold and 1.2% zinc over 17 metres (3.74 m etw) in CDH-26-243. Drilling extended the D Vein to roughly 1,320 metres of strike and 600 metres depth. More than 29,700 metres of the 60,000-metre program are complete, with results from 42 holes reported and 14 holes pending.
Drill resultsKootenay Silver Files NI 43-101 Technical Report Supporting Positive PEA for the La Cigarra Silver Project
An independent NI 43-101 technical report supporting the Preliminary Economic Assessment for the wholly owned La Cigarra Silver Project near Hidalgo del Parral, Chihuahua State, Mexico has been filed on SEDAR+, with an effective date of January 15, 2026. It was prepared by Sacré-Davey Engineering with contributions from Canenco Consulting Corp., AKF Mining Services Inc., Knight Piésold Consulting and SGS Geological Services. There are no material differences from the PEA results announced June 15, 2026.
Study resultsKootenay Silver Announces Positive PEA with a US$763 Million After-Tax NPV & 41% IRR for La Cigarra Silver Project
A preliminary economic assessment for the 100%-owned La Cigarra silver project in Chihuahua, Mexico outlines an after-tax NPV (5%) of US$763 million and 41% IRR at consensus prices of US$50.00/oz silver, with a 1.9-year after-tax payback; at spot prices NPV is US$1,295 million and IRR 64%. The 14-year open-pit plan assumes 6,000 t/d throughput, initial capital of US$332 million, sustaining capital of US$80 million, AISC of US$18.73/oz Ag, and 63.6 million ounces of payable silver. The NI 43-101 technical report will be filed within 45 days.
Study resultsKootenay Reports Incident at Columba Silver Project
A contract miner working in the F Vein shaft at Kootenay Silver's Columba project was involved in an accident on Thursday, June 11, 2026, and has not yet been located by the rescue team. Authorities were contacted and an investigation into the cause began late Thursday. All exploration activities have been temporarily stopped while the investigation is ongoing.
NewsKootenay Silver Provides an Update on Activities.
The Columba drill program in northern Chihuahua, Mexico has been increased by 10,000 metres to 60,000 metres, with 18,000 metres drilled year to date, ten holes released and eight pending assay; highlights include 10 metres (5.30 m etw) of 503 gpt silver from 372 metres in CDH-25-233. The La Cigarra preliminary economic assessment is projected for completion in mid to late Q2, with a 10,000-metre drill program budgeted for the second half of the year. A bought deal no warrant financing closed February 10, 2026, funding the company for 18 to 24 months.
CorporateColumba drilling returns 10 meters of 503 gpt silver, 0.1% lead, 0.6% zinc and 9.88 meters of 319 gpt silver, 0.1% lead and 0.6% zinc from the Columba Drill Program
Nine additional drill holes from the Columba high-grade silver project in Chihuahua, Mexico returned intercepts including 10 meters (5.30m estimated true width) of 503 gpt silver, 0.1% lead and 0.6% zinc in hole CDH-25-233, and 9.88 meters (6.08m etw) of 319 gpt silver, 0.1% lead and 0.6% zinc in CDH-25-235. The staged drill program has completed approximately 17,000 meters with 24 holes reported, and a recent financing expands it from 50,000 to 60,000 meters.
Drill resultsKootenay Silver Commences 3D-IP and AMT Geophysical Survey at the Columba Silver Project, Chihuahua, Mexico
A 3D-IP and Audio-Magnetotelluric geophysical survey is underway at the Columba Silver Project in Chihuahua State, Mexico, testing over 1,250 hectares on 100-metre spaced lines of 2.6 to 4.0 kilometres, and expected to take about 8 weeks. SJ Geophysics Ltd of Delta, B.C. is conducting the work. Columba's maiden inferred resource is 54.1 Moz silver within 5.92 Mt at 284 gpt. Two drills are about 15,000 metres into a 50,000 metre program, with 10,000 further metres budgeted.
Drill resultsKootenay to Showcase Columba Silver Project at the 2026 PDAC Core Shack
Kootenay Silver will exhibit its Columba high-grade silver project in Chihuahua, Mexico at the 2026 PDAC Core Shack in Toronto, Booth #3100B during Session B, Tuesday March 3, 10 a.m.–5 p.m. to Wednesday March 4, 9 a.m.–12 p.m. A 50,000-metre drill program is underway at Columba, targeting expansion of resource bodies open in all directions. The vein system hosts an inferred resource of 54.1 Moz silver from 5.92 Mt grading 284 gpt.
CorporateKootenay Silver Enters into Marketing Agreement with Gold Standard Media, LLC
A marketing services agreement has been signed with Gold Standard Media, LLC to provide financial publishing and digital marketing services, with Gold Standard and its affiliates receiving an aggregate upfront payment of USD$1 million and no securities of the Company. The initial term runs three months, ending May 20, 2026, with any renewal or extension subject to prior TSX Venture Exchange approval. The agreement remains subject to Exchange approval.
CorporateKootenay Silver Announces Closing of Bought Deal LIFE Private Placement for Gross Proceeds of C$18 Million
A bought deal LIFE private placement closed for gross proceeds of C$18,000,002.25, including full exercise of the over-allotment option, through the sale of 8,000,001 common shares at C$2.25 per share. Red Cloud Securities Inc., as lead underwriter and sole bookrunner, with Research Capital Corporation, received cash fees of C$1,080,000.14 and 480,000 broker warrants exercisable at C$2.25 until February 10, 2028. Net proceeds will advance the Columba and La Cigarra silver projects in Mexico and fund working capital. Final TSXV approval is pending.
FinancingKootenay Silver Announces Bought Deal LIFE Private Placement for Gross Proceeds of C$10.0 Million
A bought deal LIFE private placement of 4,444,445 common shares at C$2.25 each for gross proceeds of approximately C$10,000,001 has been agreed with Red Cloud Securities Inc. as lead underwriter and sole bookrunner. An over-allotment option covers up to an additional 666,667 shares for up to approximately C$1,500,001. Net proceeds will fund the Columba and La Cigarra silver projects in Mexico plus working capital and general corporate purposes, with closing scheduled for February 10, 2026, subject to TSXV approval.
FinancingKootenay Silver Announces Upsize of Bought Deal LIFE Private Placement to Gross Proceeds of C$16.5 Million
A previously announced bought deal LIFE private placement has been upsized from gross proceeds of C$10,000,001.25 to C$16,500,001.50, with underwriters led by Red Cloud Securities Inc. purchasing 7,333,334 common shares at C$2.25 per share. An over-allotment option covers up to an additional 666,667 shares for up to C$1,500,000.75. Net proceeds will advance the Columba and La Cigarra silver projects in Mexico and fund working capital and general corporate purposes, with closing scheduled for February 10, 2026.
FinancingKootenay Commissions a Preliminary Economic Assessment on La Cigarra Silver Deposit and Continues to Aggressively Drill Columba
Sacré-Davey Engineering Inc. and Canenco Consulting Corp. have been engaged to complete a Preliminary Economic Assessment on the La Cigarra silver deposit in the Parral Mining District, Chihuahua, Mexico, with delivery expected in the second quarter of 2026. La Cigarra hosts measured and indicated resources of 15.73 Mt grading 102 g/t silver, 0.07 g/t gold, 0.16% lead and 0.21% zinc (51.57 Moz silver), plus 3.37 Mt inferred. A 50,000 metre drill program at Columba aims to lift its 54 million ounce silver resource to 100 million ounces.
Study resultsKootenay Reports Results from Nine Holes in Ongoing Columba Drill Program
Assay results from nine drill holes (CDH-25-219 to 227) at the Columba high-grade silver project in Chihuahua, Mexico include hole CDH-25-225 with 7.0 metres (4.97 m estimated true width) of 186 ppm Ag, 0.1% Pb and 3.8% Zn, including 1.0 metre of 1,040 gpt Ag and 21% Zn, and CDH-25-223 with 14.83 metres (8.75 m etw) of 135 gpt Ag. Drilling is about 13,000 metres into a 50,000-metre program, with two rigs active and seven holes awaiting assays. Kootenay also renewed marketing firm Sideways Frequency LLC for a three-month term at US$250,000 and reported ATM share issuances raising gross proceeds of $263,303 in the quarter ended December 31, 2025.
Drill results
202515 releases
Kootenay Responds to OTC Markets Request on Recent Promotional Activity
At the request of OTC Markets Group, disclosure was issued regarding promotional activity, confirming Kootenay retained arm's-length firm Sideways Frequency LLC for investor relations and marketing services for an initial three-month term announced September 8, 2025, extended a further three months on November 19, 2025, for US$250,000 per term with no securities included. The Company said management, directors, officers and control persons were not involved in creating or paying for promotional materials and have not traded its securities in the past 90 days. It attributed higher trading volumes partly to silver rising from about US$41 to US$64 per ounce.
CorporateKootenay Releases First Results from Current Drilling at Columba
Assay results from the first seven holes of a staged 50,000-metre drill program at the Columba high-grade silver project in Chihuahua, Mexico include CDH-25-218 with 3.97 metres of 303 gpt silver and 2.8% Pb+Zn, including 0.71 metres of 921 gpt silver, and CDH-25-214 with 10.50 metres of 108 gpt silver. Holes CDH-25-217 and 218 intersected porphyry-style gold, including 101 metres of 0.18 gpt gold and 10 gpt silver. Seventeen holes are complete, ten awaiting assays. Kootenay also renewed its marketing agreement with Sideways Frequency LLC for a further three months at US$250,000.
Drill resultsKootenay Continues Drilling with Two Drill Rigs at Columba High-Grade Silver Project; Five Holes Completed
Five drillholes totalling 2,500 metres have been completed on the D and I-Vein targets at the 100%-owned Columba Silver Project in Chihuahua, Mexico, with two rigs turning; logging and sampling are underway and results are expected in the coming weeks. The work is the first phase of a planned 50,000 metre program to expand the maiden inferred resource of 5.92 Mt at 284 gpt silver, 0.19% lead and 0.50% zinc. Kootenay also retained Sideways Frequency LLC for marketing services at US$250,000 for an initial three-month term.
Drill resultsKootenay adds Ron Miller, CPA, CA to Board of Directors
Ron Miller, CPA, CA, has been appointed to the board of directors of Kootenay Silver Inc. Miller has over 30 years of experience in public practice and industry, and was formerly Partner & National Leader – Mining Services and Regional Managing Partner with MNP LLP for over 11 years before retiring in 2021. The Company also granted a consultant stock options to purchase up to 250,000 shares at $1.19 per common share for a period of two years.
ManagementKootenay Completes NI 43-101 Technical Report Detailing 54 Moz at 284 gpt Silver Mineral Resource Estimate at Columba Project, Recommences Extension Drilling
A maiden NI 43-101 technical report for the 100%-owned Columba silver project in Chihuahua, Mexico, dated August 1, 2025, with an effective date of May 29, 2025, has been filed on SEDAR+. The underground inferred resource, at a 150 gpt Ag cut-off, totals 5.92 Mt grading 284 gpt silver, 0.19% lead and 0.50% zinc, containing 54.1 Moz silver, 25.2 Mlbs lead and 65.6 Mlbs zinc across 17 epithermal veins. A seventh phase of extension drilling restarted this week.
Resource updateKootenay Silver Set to Commence Stage One of the Next 50,000 Meters of Drilling at Columba High-Grade Silver Project, Mexico
Drill crews are scheduled to arrive by month end at the Columba silver project in Chihuahua, Mexico, with one drill starting the first week of August and a second about ten days later. The first 25,000 to 30,000 meters of a planned 50,000-meter staged 2025 program will target expansion of the D, F and B/Lupe vein resource bodies, funded by a recently closed $20,000,000 bought deal financing. Columba's June 17, 2025 maiden inferred resource was 5.92 Mt at 284 gpt silver, 0.19% lead and 0.50% zinc, containing 54.1 Moz silver at a 150 gpt Ag cut-off. The company also granted 2,500,000 options at $1.10 for five years plus 1,500,000 restricted share and deferred units.
Drill resultsKootenay Silver Announces Closing Of $20 Million Bought Deal Public Offering, Including Full Exercise Of The Over-Allotment Option
A bought deal public offering of 19,057,800 units at $1.05 per unit closed for gross proceeds of $20,010,690, including full exercise of the over-allotment option. Each unit comprises one common share and one-half warrant exercisable at $1.58 until June 27, 2028. Research Capital Corporation led the syndicate, receiving a cash commission of $1,108,271.43 and 1,055,497 broker warrants; net proceeds will fund the Columba Silver Project in Mexico and general working capital.
FinancingKootenay Silver Announces Upsize of Bought Deal Public Offering to $17.4 Million
A bought deal public offering has been upsized to 16,572,000 units at $1.05 per unit for gross proceeds of $17,400,600, with Research Capital Corporation as lead underwriter and sole bookrunner. Each unit includes one common share and one-half warrant exercisable at $1.58 for 36 months after closing, with a 15% over-allotment option. Net proceeds will fund the Columba Silver Project in Mexico, working capital and general corporate purposes; closing is expected on or about June 25, 2025.
FinancingKootenay Silver Announces $12 Million Bought Deal Public Offering of Units
A $12,001,500 bought deal public offering has been agreed with Research Capital Corporation as lead underwriter and sole bookrunner, covering 11,430,000 units at $1.05 per unit, each unit comprising one common share and one-half warrant exercisable at $1.58 for 36 months after closing. Underwriters hold a 15% over-allotment option exercisable for 30 days following closing. Closing is expected on or about June 25, 2025, subject to TSX Venture Exchange approval, with proceeds for the Columba Silver Project in Mexico, working capital and general corporate purposes.
FinancingKootenay Silver Delivers Maiden Resource Estimate of 54 Moz at 284 gpt Silver, Highlighting High-Grade Potential at Columba Project
A maiden inferred mineral resource estimate for the 100%-owned Columba Silver Project in Chihuahua, Mexico totals 5.92 Mt grading 284 gpt silver, 0.19% lead and 0.50% zinc, containing 54.1 Moz silver, 25.2 Mlbs lead and 65.6 Mlbs zinc at a 150 gpt Ag underground cut-off, effective May 29, 2025. The estimate covers 17 epithermal veins and is based on 217 surface drill holes totalling 53,476 m. A further 50,000 metres of drilling is planned.
Resource updateKootenay Silver Provides Update on Upcoming Mineral Resource Estimate
A maiden Mineral Resource Estimate for the Columba High Grade Silver Project in Chihuahua, Mexico is in the final stages of preparation and is expected to be released in the coming weeks, with a Qualified Person site visit scheduled for the end of May. The estimate draws on 211 diamond drill holes totalling more than 53,000 meters across the F, D, B and J-Z vein trends, and is being finalized with Ben Eggers, P.Geo. and Allan Armitage, P.Geo. of SGS Canada Inc. A follow-up program of 20,000 to 30,000 meters is planned for the coming months.
Resource updateKootenay Silver Reports Drill Results from Columba Project, Chihuahua, Mexico: Highs to 7,630 gpt Silver and 30.57% Combined Lead-Zinc
Drilling at the Columba silver project in Chihuahua, Mexico returned 620 gpt silver, 0.31 gpt gold, 1.01% lead and 3.61% zinc over 16.50 meters (5.78 meters estimated true width) from 405.50 meters in hole CDH-25-199, including 7,630 gpt silver, 1.08 gpt gold, 5.47% lead and 25.10% zinc over 0.55 meters; hole CDH-24-196A returned 123 gpt silver over 84 meters, and hole CDH-24-196B extended the vertical extent of D-Vein to over 540 meters. The 20,000-meter program is complete, with database validation and preliminary work on a maiden resource underway.
Drill resultsKootenay Announces the Commencement of OTCQX Trading
Kootenay Silver's common shares began trading on the OTCQX Best Market under the ticker symbol KOOYF, effective at the opening of trading on Wednesday, March 12, 2025, an upgrade from the Pink Market. The company is advancing its Columba high-grade silver project in Chihuahua State, Mexico, where drill highlights include 34.45 meters of 540 gpt, including 2.45 meters of 5,840 gpt. Kootenay remains listed on the TSX Venture Exchange under KTN.
CorporateDrill Results from Columba Project Chihuahua, Mexico: Highs to 1,455 gpt Silver and 2.99% Lead-Zinc
Eleven new drill holes at the Columba high-grade silver project in Chihuahua, Mexico returned intercepts from the F and I Veins and first holes into the new La Preciosa target, including 1,455 gpt silver, 0.78% lead and 2.21% zinc over 0.5 metres from 219.2 metres in CDH-24-194, and 551 gpt silver, 0.6% lead and 0.49% zinc over 3.73 metres from 76 metres in CDH-24-188. The current 20,000-metre program, part of a staged 50,000-metre program aimed at a maiden resource estimate, is nearing completion.
Drill resultsKootenay Reports Additional Drilling at Columba Project Chihuahua, Mexico: Highs to 1,440 gpt Silver and 3.1% Lead-Zinc
Seven drill holes from the Columba high-grade silver project in Chihuahua, Mexico returned results from the F-Vein, D-Vein and B-Vein Corridor, including hole CDH-24-183 with 32.0 meters of 210 gpt silver, 0.14% lead and 0.44% zinc, containing 0.79 meters of 1,440 gpt silver and 3.1% lead-zinc, and 1.0 meter of 1,050 gpt silver. Hole CDH-24-180 returned 9.05 meters of 208 gpt silver. About 2,000 meters remain of the 20,000 meter program ahead of a maiden resource estimate. During the quarter ended December 31, 2024, the company issued 557,000 shares under its ATM at an average $1.3509 for net proceeds of $733,644.41.
Drill results
202420 releases
Expands Known Mineralization at Columba Project Chihuahua, Mexico: Highs to 3,090 gpt Silver and 1.1% Lead-Zinc
Drilling at the Columba silver project in Chihuahua, Mexico returned 233 gpt silver, 0.1% lead and 0.3% zinc over 41.2 meters core length in hole CDH-24-174, including 1,100 gpt silver over 4.0 meters and 3,090 gpt silver, 0.9% lead and 0.2% zinc over 1.1 meters; hole CDH-24-175 cut 270 gpt silver, 0.2% lead and 0.7% zinc over 8 meters plus a 12-meter cavity on the D-Vein projection. Over 12,000 meters in 40 holes have been completed in 2024 as part of a funded 20,000-meter program aimed at a maiden resource. Kootenay also issued 443,000 shares under its ATM Program in the quarter ended September 30, 2024 at an average $1.2357, for net proceeds of $533,723.45.
Drill resultsExpands Known Mineralization at Columba Project, Chihuahua, Mexico: Four Drill Holes Report Highs to 2,370 gpt Silver and 6.7% Lead-Zinc
Drill results from four holes (CDH-24-170 to 173) testing the D-Vein trend at the Columba silver project in Chihuahua, Mexico include hole CDH-24-171 with 1,334 gpt silver, 0.82% lead and 3.41% zinc over 2.6 meters (2.17 m estimated true width), including 2,370 gpt silver, 1.19% lead and 5.47% zinc over 0.5 meters, plus 338 gpt silver over 18 meters. Hole CDH-24-173 returned 1,070 gpt silver, 4.24% lead and 1.72% zinc over 0.5 meters in the footwall. The 2024 program has drilled over 10,000 meters in 29 holes, part of a 20,000-meter program aimed at a maiden resource; D-Vein is now mineralized over approximately 1,275 meters.
Drill resultsReports Five Drill Holes including highs to 1,095 gpt Silver and 6.4% Lead-Zinc, increasing D-Vein strike to 1,275 meters at Columba Project, Chihuahua Mexico.
Five drill holes from the Columba high-grade silver project in Chihuahua, Mexico returned results including hole CDH-24-166 with 28.6 meters (21.85 meters estimated true width) averaging 176 gpt silver, 0.1% lead and 0.4% zinc, including 0.5 meters of 1,095 gpt silver, 0.7% lead and 5.7% zinc, and hole CDH-24-165 with 33.8 meters averaging 96 gpt silver. Holes CDH-24-167 and 168 had no significant intercepts. D-Vein strike length now extends about 1,275 meters, up from 450 meters at the program's start; nearly 9,000 meters and 27 holes of the fully funded 20,000 meter program are complete, aimed at a maiden resource.
Drill resultsKootenay Reports Wide High-Grade Intercept with Aggressive 400 Meter Step Out. D-Vein Strike Length, Now Drilled To 1,080 Meters at Columba Project
Drilling at the Columba silver project in Chihuahua, Mexico returned 98.7 metres downhole of 211 g/t silver, 0.1% lead and 0.4% zinc in hole CDH-24-164, including 38 metres of 358 g/t silver and 12 metres of 531 g/t silver; the hole was a 400-metre step out from CDH-24-153. Results from holes CDH-24-154 to CDH-24-164 extend the D-Vein strike length to 1,080 metres from 450 metres at the start of 2024. Other intercepts include 2.5 metres of 337 g/t silver in CDH-24-161. The 2024 program totals 5,153 metres in 17 holes, part of a fully funded 20,000-metre program targeting a maiden resource expected in late 2024.
Drill resultsKOOTENAY SILVER ESTABLISHES “AT-THE-MARKET” EQUITY PROGRAM
An at-the-market equity distribution program has been established allowing Kootenay Silver to sell up to $5,000,000 of common shares through Research Capital Corporation at prevailing market prices on the TSX Venture Exchange or other Canadian marketplaces. The agent will be paid 2.5% of gross proceeds. The program, governed by an equity distribution agreement dated July 4, 2024, runs until all shares are sold or April 27, 2026. Proceeds are intended for the Columba Silver Project and general corporate purposes.
FinancingKootenay Adds Drill at Columba High-Grade Silver Project
A second drill is now coring at the Columba Project in Chihuahua state, Mexico, testing the southeastern extensions of B-Vein and B2-Vein while the first drill extends known limits of D-Vein. No drilling has been done on B-Vein since 2022; prior holes included CDH-20-082 with 4.6 metres averaging 1,186 gpt Ag from 184.5 metres and CDH-21-112 with 2.0 metres averaging 1,050 gpt Ag from 212 metres. A fully funded 20,000-metre follow-up program targets a maiden resource expected in late 2024.
Drill resultsDrilling Dramatically Increases Strike Length of D-Vein with highs to 920 gpt Silver and 4.1% lead-zinc at Columba High-Grade Silver Project
Results from the first six drill holes testing the eastern extension of the D-Vein at the Columba silver project in Chihuahua, Mexico extended the established strike length from 450 metres to 650 metres. CDH-24-153 returned 183 gpt silver over 40 metres drilled width, including 481 gpt over 11 metres and 920 gpt over 1.35 metres; CDH-24-152 returned 347 gpt silver over 5.6 metres drilled width. A fully funded 20,000 metre follow-up program targets a maiden resource in late 2024.
Drill resultsKootenay Silver Closes Brokered Public Offering For Gross Proceeds Of C$10.35 Million
An upsized best efforts public offering closed for gross proceeds of C$10,350,000 through the sale of 9,241,071 units at C$1.12 per unit, including full exercise of the agents' over-allotment option for 1,205,357 units and C$1,350,000. Each unit comprises one common share and half a warrant exercisable at C$1.68 until April 25, 2026. Red Cloud Securities was lead agent and sole bookrunner with Research Capital Corporation, receiving C$591,000 cash commission and 527,678 broker warrants. Net proceeds will advance the Columba Silver Project in Mexico and general working capital.
FinancingKootenay Silver Announces Public Offering for Gross Proceeds of up to C$5.0 Million
A best efforts public offering of up to 4,464,286 units at C$1.12 per unit for gross proceeds of up to C$5,000,000 has been agreed with Red Cloud Securities Inc. as lead agent and sole bookrunner. Each unit comprises one common share and half a warrant exercisable at C$1.68 for 24 months, with a 15% over-allotment option and closing expected on or about April 25, 2024. Proceeds will advance the Columba Silver Project in Mexico and general working capital.
FinancingKootenay Silver Announces Upsize to Previously Announced Public Offering for Gross Proceeds of up to C$9.0 Million
The previously announced best efforts public offering has been upsized to gross proceeds of up to C$9,000,000 through the sale of up to 8,035,714 units at C$1.12 per unit, each unit comprising one common share and one half warrant exercisable at C$1.68 for 24 months from closing. Red Cloud Securities Inc. is lead agent and sole bookrunner, with a 15% over-allotment option and closing expected on or about April 25, 2024. Net proceeds will advance the Columba Silver Project in Mexico and general working capital.
FinancingKootenay Silver Announces Drilling is Underway at the Columba High Grade Silver Project
A Q1/Q2 diamond drilling program has begun at the Columba silver project in Chihuahua, Mexico, comprising 15-17 holes for a combined 5,000 metres targeting extensions of the D-Vein. First assay results are expected in 4 to 6 weeks. A follow-up program of likely 15,000 metres is planned to delineate a maiden resource expected in late 2024, subject to additional drilling and financing. Over 30,000 metres in 147 holes have been drilled at Columba since 2019.
Drill resultsKootenay Silver Files Final Base Shelf Prospectus
A receipt for a final short form base shelf prospectus has been obtained from securities regulators in each province and territory of Canada, allowing Kootenay Silver and/or selling security holders to offer common shares, warrants, subscription receipts, units, debt securities or any combination up to C$40 million over the prospectus's 25-month effective period. The company says it has no immediate plans to issue securities under the shelf and may never do so.
FinancingKootenay Silver Announces Commencement of 2024 Drilling Program at Columba High Grade Silver Project
A Q1 diamond drilling program of 15-17 holes totalling 5,000 metres has begun at the Columba silver project in Chihuahua, Mexico, targeting extensions of the D-Vein, which has been intercepted over 450 metres horizontally and to 250 metres depth. A follow-up program of likely 15,000 metres is planned toward a maiden resource expected in late 2024, subject to additional drilling and financing. Kootenay Resources Inc., a spin-out in which Kootenay holds about 14%, received conditional TSXV listing approval and announced a $500,000 financing at $0.15 and $0.10 per share.
Drill resultsKootenay Silver Announces Filing of NI 43-101 Technical Report for the La Cigarra Project and Annual Information Form
An NI 43-101 technical report titled Mineral Resource Estimate Update for the La Cigarra Ag-Pb-Zn Project, Chihuahua State, Mexico, with an effective date of November 29, 2023, has been filed on SEDAR+ for Kootenay Silver's 100%-owned La Cigarra Project in the Parral Silver District. The estimate, prepared by Allan Armitage of SGS Geological Services, supersedes a 2015 estimate. Kootenay also filed its Annual Information Form for the year ended December 31, 2022, and granted stock options over 1,310,000 shares at $0.90 for five years, plus 905,000 restricted and deferred share units.
Study resultsKootenay Silver Closes Final Tranche of Oversubscribed $3.7 Million Private Placement
The second and final tranche of a non-brokered private placement closed at $0.75 per unit for gross proceeds of $237,525, bringing total proceeds from the offering to $3,720,587. A total of 4,960,782 common shares and 2,480,391 warrants were issued, with each warrant exercisable at $1.10 for 24 months. Proceeds are earmarked for exploration, property commitments, working capital and general corporate purposes, subject to final TSX Venture Exchange acceptance; a $1,200 finders' fee was paid on the final tranche.
FinancingKootenay Silver Closes First Tranche of Oversubscribed $3.7 Million Private Placement
The first tranche of a non-brokered private placement closed for gross proceeds of $3,483,062 at $0.75 per unit, each unit comprising one common share and one-half warrant exercisable at $1.10 for 24 months, expiring February 16, 2026. A second tranche of $237,525 is expected to close February 20, 2024, bringing total gross proceeds to $3,720,587. CEO James McDonald subscribed for 66,667 units. Proceeds are for exploration, property commitments, working capital and general corporate purposes.
FinancingKootenay Silver Announces Increase in Non-Brokered Private Placement to $3.5 Million
The previously announced non-brokered private placement has been increased from up to $2,500,000 to up to $3,500,000 in gross proceeds, priced at $0.75 per unit, with each unit comprising one common share and one-half warrant exercisable at $1.10 for 24 months from closing. Proceeds are earmarked for exploration, property commitments, working capital and general corporate purposes, with closing anticipated on or about the week of February 16, 2024. Research Capital Corporation has been appointed exclusive finder.
FinancingKootenay Silver Announces $2.5 Million Non-Brokered Private Placement of Units
A non-brokered private placement of units at $0.75 per Unit for gross proceeds of up to $2,500,000 has been launched, with each Unit comprising one common share and one-half warrant exercisable at $1.10 for 24 months from closing. Proceeds will fund exploration activities, property commitments, working capital and general corporate purposes. Closing is expected on or about the week of February 16, 2024, subject to TSX Venture Exchange approval, with Research Capital Corporation acting as exclusive finder.
FinancingKootenay Silver Trading Activity
No corporate development or undisclosed material change accounts for recent trading activity and the decrease in Kootenay Silver's share price, according to its board and management. The January 29, 2024 trading may relate to share disposition by a Silver ETF that filed a prospectus indicating it no longer follows the Prime Junior Miners Silver Index, which included Kootenay. As of mid-December 2023, the ETF had published holdings of approximately 910,000 Kootenay shares.
NewsKootenay Silver Announces Updated Mineral Resource Estimate for La Cigarra Project, Chihuahua Mexico
An updated NI 43-101 mineral resource estimate for the 100%-owned La Cigarra project in Chihuahua, Mexico, reports measured and indicated resources of 15.73 Mt grading 102 g/t silver, 0.07 g/t gold, 0.16% lead and 0.21% zinc (120 g/t AgEq), containing 51.57 Moz silver, plus inferred resources of 3.37 Mt at 102 g/t silver (11.00 Moz silver). Compared with the 2015 estimate, M+I silver grade rose from 86.3 g/t to 102 g/t while tonnage fell from 18.54 Mt. The effective date is November 29, 2023.
Resource update