- Blackrock Silver (TSXV:BRC) closed a C$15 million non-brokered private placement, including a C$7 million investment from Eric Sprott, one of Canada’s all-time-great mining investors
- Blackrock Silver is junior mining company advancing a 100-per-cent-owned portfolio in Nevada
- The silver stock has added 200 per cent year-over-year
Blackrock Silver (TSXV:BRC) closed a C$15 million non-brokered private placement, including a C$7 million investment from Eric Sprott, one of Canada’s all-time-great mining investors, and the company’s top shareholder at about a 15 per cent stake, according to Simply Wall St.
The capital raise, announced on December 24, 2025, consisted of 13,636,300 units priced at C$1.10, with each unit consisting of one Blackrock Silver common share and one-half of one share purchase warrant, with each warrant entitling the holder to purchase one share for C$1.50 until January 8, 2028. Sprott purchased his shares through 2176423 Ontario Ltd., a company he beneficially owns.
Proceeds will be allocated to exploration, permitting and pre-development activities on the silver miner’s Tonopah West project, which yielded a 2024 preliminary economic assessment detailing production of 8.6 million ounces of silver annually at all-in-sustaining costs of only US$11.96, with an ounce trading for US$77.95 as of January 9, 2026.
Tonopah West’s 2025 resource estimate clocks in at 21.1 million ounces of silver equivalent indicated and 86.88 million ounces of silver equivalent inferred, representing more than US$8.4 billion in the ground.
All securities issued are subject to a regulatory hold period expiring on May 9, 2026.
Management commentary
“Supported by Eric Sprott and a new cornerstone investor, this C$15 million financing meaningfully strengthens our balance sheet as we advance Tonopah West towards development,” Andrew Pollard, president and chief executive officer of Blackrock Silver, said in Thursday’s news release. “As an emerging American silver developer, we are accelerating permitting and de-risking initiatives in 2026 to support the advancement of a secure, high-quality domestic source of silver for the US market.”
About Blackrock Silver
Blackrock Silver is junior mining company advancing a 100-per-cent-owned portfolio in Nevada. The company’s projects have yielded low-sulphidation, epithermal gold and silver mineralization along the state’s Northern Nevada rift and prolific Walker Lane trend.
Blackrock Silver stock (TSXV:BRC) last traded at C$1.23 and has added 200 per cent year-over-year.
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