Silver Hammer Mining Corp. (CSE: HAMR) (the ‘Company‘ or ‘Silver Hammer‘) is pleased to announce that, further to its news releases dated June 17, 2025 and August 5, 2025, it has closed the second and final tranche (the ‘Second Tranche‘) of its previously announced non-brokered private placement (the ‘Offering‘), issuing 26,864,491 units (the ‘Units‘) at a price of CDN$0.055 per Unit for gross proceeds of CDN$1,477,547.01. Together with the first tranche of the Offering, the Company has issued an aggregate of 32,890,909 Units and raised total gross proceeds of CDN$1,809,000 under the Offering.

‘The Company is pleased to be fully subscribed and close over CDN$1.8 million, and I am excited to continue to be a large shareholder in the Company by subscribing once again alongside our existing and new shareholders. We have had significant interest in the private placement, well above the funds raised, and truly appreciate the support in the market,’ commented Peter A. Ball, President & CEO. ‘It will be an exciting period going forward for the Company in this robust silver market, which is approaching $43 per ounce, and showing potential for additional upside in the sector for 2026 and beyond. The Company is positioned extremely well with the ability to explore its seven historical high-grade drill-ready silver mines in Idaho and Nevada within our three 100% owned silver projects, with no royalties, or cumbersome earn-in exploration agreements, or future payments required. It was a tough past twelve months, but the market is back and so is Silver Hammer!’

Each Unit consists of one common share in the capital of the Company (a ‘Share‘) and one transferable common share purchase warrant (a ‘Warrant‘). Each Warrant entitles the holder to acquire one additional Share at an exercise price of CDN$0.07 for a period of five years from the date of issuance.

The Second Tranche was completed in reliance on prospectus exemptions under National Instrument 45-106 – Prospectus Exemptions (‘NI 45-106‘), and, for greater certainty, did not include any portion completed under the listed issuer financing exemption set out in Part 5A of NI 45-106. All securities issued in connection with the Second Tranche are subject to a statutory hold period of four months, expiring on January 19, 2026, in accordance with applicable securities laws.

In connection with the Second Tranche, the Company paid finder’s fees consisting of CDN$44,679.40 in cash and issued 1,012,353 finder’s warrants (the ‘Finder’s Warrants‘) to eligible finders. Each Finder’s Warrant is exercisable to acquire one Share at an exercise price of CDN$0.07 for a period of 60 months from the date of issuance.

Certain directors and officers of the Company have purchased an aggregate of 2,952,310 Units under the Second Tranche. Their participation constituted a ‘related party transaction’ within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (‘MI 61-101‘). The Company relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the securities issued to insiders nor the consideration paid exceeded 25% of the Company’s market capitalization.

The Company intends to use the proceeds from the Offering for exploration of its Silver Strand project in Idaho and its Eliza and Silverton projects in Nevada (see below), as well as for general working capital and corporate purposes.

Projects Overview:

Silverton Project, Nevada

Silver Hammer has identified several targets at its 100% owned Silverton Project in Nevada and currently has 13 drill targets identified. The Company’s technical team is currently ranking and prioritizing targets at Silverton with a view towards completing a Phase I drill program in the fall of 2025. Previous exploration work, including rock and soil sampling, geologic mapping and satellite imagery, provided evidence of two separate mineralized systems: silver rich and gold rich. The volcanic-hosted gold system highlighted grades ranging from 0.06 grams per tonne (‘g/t’) to 6.1 g/t gold (‘Au’). The silver dominated mineral system is hosted by silicified limestone with grades ranging from 0.32 g/t silver (‘Ag’) to 692 g/t Ag.

Silver Strand Project, Idaho

The Company plans to follow up on previous exploration results at its 100% owned Silver Strand Project in Idaho by executing an eight (8) hole exploration drill program via its Plan of Operations Permit, which was previously approved. The majority of surface samples collected across the property have returned gold and silver mineralization, and historical and recent drilling completed by Silver Hammer in 2021 and 2022, and by previous operators in 2002, highlight high-grade silver and gold mineralization below the lowest level (90 metres) of the mine. In addition, the Company has recently been approached by a local operator to review the project and to potentially mine the Silver Strand Mine for feed for their milling operation through a small miner exemption previously granted.

Highlighted historical drill results and drill results completed by Silver Hammer (2021/2022) (refer to the Company’s website for detailed disclosure):

*All reported intervals are downhole core lengths. Estimated true thickness’ range from 50% to 90% depending on the angle of the drillholes. Drill holes DDH02-001, DDH02-003 and DDH02-004 were drilled by previous owner, New Jersey Mining Company in 2002.

Eliza Project, Nevada

The Company plans to follow up on the significant previous exploration results at its 100% owned Eliza Project in Nevada. Results from rock chip and grab samples (from 2021 and 2022) confirmed the existence of a well-developed silver-rich mineral system, which also showed elevated enrichments in copper (Cu), lead (Pb) and zinc (Zn):

The Company is currently fast tracking a property-wide Plan of Operations to submit to the USFS to ensure the project can be fully explored and advanced to a drill ready state on USFS ground, while also prioritizing exploration efforts for a 2026 drill program on patented ground within the Eliza Project area that encompasses the high-grade past-producing California Mine. The Company has completed a property-wide geophysical study, and ground truthing, including geologic mapping and structural analysis, to assist in finalizing the drill targets focused on the silver-rich mineral system mentioned above.

Qualified Person

Technical aspects of this press release have been reviewed and approved under the supervision of Philip Mulholland, P.Geo. Mr. Mulholland is a Qualified Person (QP) under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Technical aspects above were also previously reported in a news release dated March 27, 2023. Please refer to the Company’s website at www.silverhammermining.com.

About Silver Hammer Mining Corp.

Silver Hammer Mining Corp. is a junior resource company focused on advancing past-producing high-grade silver projects in the United States. Silver Hammer controls 100% of seven previously producing silver mines which are located within the Silver Strand Project in the Coeur d’Alene Mining District in Idaho, USA, and within the Eliza Silver Project and the Silverton Silver Mine in Nevada. The Company also controls the Lacy Gold Project in British Columbia, Canada. Silver Hammer’s primary focus is to explore, define and develop silver projects near past-producing mines that have not been adequately tested. The Company’s portfolio also provides exposure to copper and gold.

On Behalf of the Board of Silver Hammer Mining Corp.

Peter A. Ball
President & CEO, Director
E: peter@silverhammermining.com

For investor relations inquiries, contact:

Peter A. Ball
President & CEO
778.344.4653
E: investors@silverhammermining.com

Forward-Looking Information

This press release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation. Forward-looking information in this press release includes, without limitation, statements relating to the Offering, the intended use of proceeds from the Offering, and other statements which are subject to a number of conditions, as described elsewhere in this news release. These statements are based upon assumptions that are subject to significant risks and uncertainties, including risks regarding the mining industry, commodity prices, market conditions, general economic factors, management’s ability to manage and to operate the business, and explore and develop the projects of the Company, and the equity markets generally. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance of the Company may differ materially from those anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Company believes that the expectations reflected in forward looking statements are reasonable, they can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, the Company disclaims any intention and assume no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release. The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.

Not for distribution to the U.S. newswire or for dissemination in the United States

Source

Here’s a quick recap of the crypto landscape for Wednesday (September 17) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

American Uranium (AMU:AU) has announced Lo Herma Hydrogeology Testing & Resource Expansion Drilling

Download the PDF here.

The US Federal Reserve held its sixth meeting of 2025 from Tuesday (September 16) to Wednesday (September 17) amid slowing growth in the country’s jobs market.

The central bank met analysts’ expectations by lowering the federal funds rate by 25 basis points to the 4 to 4.25 percent range. It marks the first cut of 2025, after holding at the 4.25 to 4.5 percent range since December 2024.

Despite August consumer price index (CPI) data showing inflation rose to 2.9 percent from 2.7 percent in July, a weakening labor market became the focus of the Fed’s dual mandate of stable prices and maximum employment.

“The case for a persistent inflation outbreak is less, and that’s why we think it’s time for us to acknowledge the risks to the other mandate have grown, and we should move in the direction of neutral,” said Chair Jerome Powell.

The most recent US jobs report indicates that August brought an increase of just 22,000 new workers, while the unemployment rate ticked up to 4.3 percent from 4.2 percent in July. Additionally, the Bureau of Labor Statistics, which produced the report, announced a downward revision to June’s figures, showing a loss of 13,000 jobs.

Similarly, July’s report, released on August 1, marked a significant weakening in the labor force, bringing the three month average to just 28,000 new jobs after growth of 192,000 in the February to April period.

Following that report, US President Donald Trump fired the head of the Bureau of Labor Statistics, suggesting the jobs data was “rigged” to make his administration look bad. Both the slowing American labor market and rising inflation over the past few months have been blamed on the effects of Trump’s tariffs trickling into the economy.

Trump has been critical of the Fed and Powell in particular, saying they haven’t moved quickly enough to lower rates.

While he is unable to remove Powell, in August Trump attempted to fire Fed Governor Lisa Cook over alleged mortgage fraud stemming from mortgage applications where she listed two homes as principal residences. Recent documents have shown those allegations to be false, and that Cook listed one of the homes as a vacation property.

On Monday (September 15), an appeals court blocked Cook’s removal from the Fed’s Board of Governors, allowing her to participate in this week’s meeting. Also this week, the Senate confirmed Stephen Miran to the board in a 48 to 47 decision along party lines. He will be replacing Adriana Kugler, who resigned in August.

Miran is on leave from his position at the White House’s Council of Economic Advisers and increases Trump’s influence over the seven member board. The nomination process for a new board member usually lasts months, but Miran’s appointment took just six weeks, allowing him to participate in this week’s meeting.

The gold price rose to a record high of US$3,707.34 per ounce shortly after the decision, but quickly fell back to the US$3,650 level. Silver spiked as high as US$42.24 per ounce following the meeting, still trading near 14 year highs.

Equities were mixed on Wednesday, with the S&P 500 (INDEXSP:INX) losing 0.31 percent to reach 6,586. Meanwhile, the Nasdaq-100 (INDEXNASDAQ:NDX) shed 1.03 percent to come in at 24,036, and the Dow Jones Industrial Average (INDEXDJX:DJI) gained 0.5 percent, coming to 45,084.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

Resolution Minerals Ltd (RML or Company) (ASX: RML) is pleased to announce it has received firm commitments for a placement of fully paid ordinary shares in the Company (Shares) to sophisticated investors to raise a total of $25.1 million (before costs) at an issue price of $ 0.05 per Share (Placement).

Highlights

• Commitments received for a successful placement of $25.1 million at $0.05 per share
• Placement supported by a range of high net worth and global institutions including John Hancock’s Family Office, Astrotricha Capital SEZC and S3 Consortium (Stocks Digital), as well as director participation of $200,000
• The placement has institutionalised the Company’s register, including $7.75m cornerstoned by high-calibre, supportive and value-add local and international investor groups
• RML’s medium term work programs and working capital requirements are now fully funded
• RML balance sheet strengthened ahead of the proposed NASDAQ listing
• RML is aiming to become a major player in the US critical minerals space and is aiming to meet the needs of the current White House Administration’s and the Department of War’s critical mineral US national security supply requirements

Of the total $25.1 million placement funds, $18,400,000 (Tranche 1) will be settled on or around 26 September 2025, and the remaining $6,700,000 (Tranche 2) (total of $25.1 million) is anticipated to settle within approximately 60 days, and following the next shareholder meeting.

Subject to receipt of shareholder approval in a general meeting (anticipated mid November 2025), participants in the Placement will also be issued one (1) option for every two (2) Shares issued under the Placement, for no additional consideration. The Options will have an exercise price of $0.10 per Share and expire on 30 November 2029 – key terms included in this announcement (Option). The Options will be listed, subject to ASX listing requirements being met.

The Placement will be conducted via two (2) tranches, as follows:

(a) Tranche 1: 422,000,000 Shares as follows:

(i) 150,000,000 Shares will be issued under the Company’s existing pre-approved placement capacity that was approved by shareholders at the general meeting held on 25 July 2025; and

(ii) 272,000,000 Shares will otherwise be issued under the Company’s Listing Rule 7.1 & 7.1A capacity (146,542,986 Shares under Listing Rule 7.1 and 125,457,014 Shares under Listing Rule 7.1A); and

(b) Tranche 2: subject to shareholder approval under Listing Rule 7.1, via the issue of 80,000,000 Shares and up to 251,000,000 attaching Options (subject to rounding).

Click here for the full ASX Release