Vancouver, British Columbia — January 9, 2026 — Leads & Copy — Blackrock Silver Corp. has announced the completion of a non-brokered private placement, raising gross proceeds of C$14,999,930. The offering, which was previously announced on December 24, 2025, involved the sale of 13,636,300 units at a price of C$1.10 per unit.
Each unit comprised one common share of the company and one-half of one common share purchase warrant. Each whole warrant allows the holder to acquire one common share at an exercise price of C$1.50 until January 8, 2028.
2176423 Ontario Ltd., a company beneficially owned by Eric Sprott, purchased an aggregate of C$6,999,960 of the offering.
The company intends to use the net proceeds from the offering to fund exploration, permitting, and pre-development activities on its Tonopah West project, as well as for general working capital.
In connection with the closing of the offering, Blackrock Silver paid Research Capital Corporation finder’s fees in cash totaling C$689,997 and issued 627,270 non-transferable finder’s warrants. Each finder’s warrant entitles the holder to acquire one common share at an exercise price of C$1.50 until January 8, 2028.
According to Blackrock, Eric Sprott’s participation in the offering constituted a “related party transaction” within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101. The company relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101.
The common shares, warrants, and finder’s warrants issued in connection with the private placement, as well as the common shares issuable upon exercise of the warrants and finder’s warrants, are subject to a hold period expiring on May 9, 2026.
Andrew Pollard, Blackrock’s President and Chief Executive Officer, stated that the $15 million financing will strengthen the company’s balance sheet as it advances Tonopah West toward development. He added that Blackrock is accelerating permitting and de-risking initiatives in 2026 to support the advancement of a secure, high-quality domestic source of silver for the U.S. market.
Andrew Pollard
President and Chief Executive Officer
(604) 817-6044
info@blackrocksilver.com
Source: Blackrock Silver Corp.
