Silver North Resources Ltd. (OTCQB: TARSF) completed a fully subscribed, non‑brokered private placement of 6,430,000 flow‑through shares at $0.35 each, generating gross proceeds of $2,250,500. The proceeds will be expended on or before December 31, 2026 to cover eligible Canadian exploration expenses for the company’s Yukon projects, including the Haldane, Tim, and GDR properties.
The flow‑through financing mechanism is a common tool in the Canadian mining sector, allowing investors to receive tax benefits while the company gains capital to advance high‑grade silver projects. The Haldane property, located in the historic Keno Hill Silver District, is a flagship asset that has attracted significant interest from the mining community. The Tim project is optioned to Coeur Mining, providing a strategic partnership that can accelerate exploration and development. The GDR property adds further prospective ground to the company’s Yukon portfolio.
Management emphasized the importance of the new capital. President and CEO Jason Weber said the company is “extremely pleased with the results of the 2025 program so far, highlighted by the 90 m downdip step‑out from last year’s discovery holes at the Main Fault.” Director and Chair Mark T. Brown added that “Silver North has always had a long‑term focus on success. We are executing our plan and gaining momentum. With the backing and support of our strong shareholder base we expect 2025 to be another great year for the Company and its shareholders.”
The $2.25 million raise provides a critical liquidity cushion for a junior exploration company, enabling continued drilling and resource expansion without the need for additional debt. By securing fully subscribed flow‑through shares, Silver North demonstrates investor confidence in its exploration strategy and the potential of its Yukon assets. The financing also positions the company to capitalize on growing demand for silver, a key metal in technology and the energy transition, while maintaining a disciplined approach to capital allocation.
The renouncement of the flow‑through shares will take effect on December 31, 2025, ensuring that the tax benefits are realized for investors and that the company can focus on deploying the proceeds toward exploration activities in the Yukon. The company’s ability to raise capital in a timely manner underscores its operational execution and the attractiveness of its project pipeline to investors seeking exposure to high‑grade silver prospects.
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