Mr. Jason
Weber reports
SILVER NORTH ANNOUNCES INCREASE IN FLOW THROUGH SHARE PRIVATE PLACEMENT
Silver North Resources Ltd. has increased the non-brokered private placement, which is for aggregate gross proceeds of up to $2,250,500 from the sale of 6.43 million flow-through shares of the company to be sold at a price of 35 cents per FT share. Each FT share will be composed of one common share that will qualify as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada).
The offering is fully subscribed and will close shortly.
The company will use an amount equal to the gross proceeds from the sale of FT shares, pursuant to the provisions in the tax act, to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures as both terms are defined in the tax act related to the company's Yukon projects, on or before Dec. 31, 2026, and to renounce all of the qualifying expenditures in favour of the subscribers of the FT shares, effective Dec. 31, 2025.
About
Silver
North
Resources
Ltd.
Silver
North's
primary
assets
are
its
100-per-cent-owned
Haldane
silver
project
(next
to
Hecla
Mining Inc.'s Keno Hill mine project), the Tim silver project (under option to Coeur Mining Inc. in the Silvertip/Midway district, British Columbia and Yukon) and the GDR project also in the Silvertip/Midway district.
Silver
North
also
plans
to
acquire
additional silver properties in favourable jurisdictions.
The company
is listed
on the
TSX
Venture Exchange under
the symbol SNAG, trades
on
the OTCQB
market
in
the
United
States
under
the
symbol
TARSF
and
under
the
symbol
I90
on the Frankfurt Stock Exchange.
Jason Weber, PGeo, president and chief executive officer of Silver North, is a qualified person
as
defined
by
National
Instrument
43-101.
Mr.
Weber
supervised
the
preparation
of
the technical information contained in this release.
We seek Safe Harbor.
© 2026 Canjex Publishing Ltd. All rights reserved.