Outcrop Silver & Gold Corporation has successfully closed a non-brokered private placement offering, raising $5 million from Eric Sprott. The funds will be used to advance exploration and development activities at the Company’s flagship Santa Ana high-grade silver project in Colombia. This investment strengthens the Company’s financial position and demonstrates strong investor confidence in the project’s potential.
Outcrop Silver & Gold Corporation has successfully secured $5 million through a private placement led by Eric Sprott. The funds will be used to advance the company’s flagship Santa Ana high-grade silver project in Colombia, with a focus on exploration and development. The company anticipates the closing of the offering on or about October 3, 2024.
The global demand for silver continues to rise, driven by increased use in renewable energy, electronics, and medical applications. Pan American Silver Corp. (PAAS), one of the world’s largest silver producers, has been benefiting from this trend. In the past month, PAAS’s stock has jumped 36.31%, outperforming the broader market. With strong fundamentals, including a large reserve base and a favorable cost structure, Pan American Silver is well-positioned to continue delivering value to investors as the silver market strengthens.
