Silver X Mining CEO José García joins Natalie Stoberman from the Proactive studio to share details from the closing of its third and final tranche of non-brokered private placement and how this milestone poises the company for continued growth as a silver producer and developer in Peru.
García says this funding ensures that Silver X Mining has sufficient funds for the rest of the year while allowing the company to focus on production and exploration projects. The company has been in production for the past year and a half with increasing production levels leading to positive financial outcomes.
By securing these funds, García explains that Silver X Mining can continue its development and exploration efforts, positioning itself to achieve its objectives for the remainder of the year. Despite the challenging market conditions, García mentions that the company was able to raise capital with the anticipation of future positive developments that will contribute to the company's growth and success.