Silver47 Exploration Corp. has amended its bought deal public offering with Research Capital Corporation and its syndicate to increase the size from 19,048,000 to 28,572,000 units. The upsized offering will generate gross proceeds of approximately $30.0 million, reflecting investor enthusiasm for the company’s North American silver exploration assets. Each unit comprises one common share and one-half of a common share purchase warrant.

Net proceeds from the upsized offering will fund expanded drill campaigns across Silver47’s Alaska, Nevada and New Mexico projects. Management anticipates that the additional capital will shorten exploration timelines, enhance geological modeling and support preliminary metallurgical test work, while preserving resources for working capital and general corporate purposes.

The company granted the underwriters a 30-day option to purchase up to 15% additional units to cover over-allotments and stabilize aftermarket trading. If fully exercised, aggregate proceeds would rise to $34.5 million. Closing remains subject to TSX Venture Exchange approval and is targeting the week of January 12, 2026.

Silver47 holds a combined resource of 236 million ounces of silver equivalent at 334 g/t inferred and 10 million ounces at 333 g/t indicated across multiple U.S. projects. The company aims to leverage its high-grade portfolio in premier mining jurisdictions to advance toward development decisions, referencing its NI 43-101 technical reports filed on SEDAR+.