Silver North Resources Ltd. has further increased the size of its brokered LIFE private placement, raising the maximum gross proceeds from C$7.0 million to C$10.584 million. This represents a 51% increase in the offering size within days of the initial upsized announcement, underscoring the company’s ability to pivot quickly to capitalize on market appetite.

Strong demand from institutional and high-net-worth investors prompted the company and lead agent Red Cloud Securities Inc. to expand the Marketed Offering twice since its launch. The first upsizing moved the cap from C$5.0 million to C$7.0 million, and the subsequent increase added another C$3.584 million. Over 60% of the allocation has been pre-committed by repeat subscribers and new strategic investors.

Proceeds from the LIFE private placement will primarily fund advancing Silver North’s flagship project through updated resource modeling, engineering studies and environmental baseline data collection. Management expects that the additional C$3.584 million will allow the company to complete a preliminary economic assessment by mid-2026. Remaining funds will bolster general working capital to support exploration drilling and community engagement initiatives.