Silver X Mining raises up to CAD 69M via convertible debentures with a 10% interest rate, maturing in five years.

Silver X Mining Corp. announced on January 27, 2026, a planned private placement of up to CAD 60 million in secured convertible debentures, with an option to increase by 15%. The debentures carry a 10% annual interest rate, payable semi-annually, and mature in five years, with the closing expected around February 18, 2026. Interest may be paid in cash or shares for the first 24 months, but must be paid in cash thereafter. Each debenture can be converted into common shares at CAD 1.62 per share. The offering is subject to regulatory approvals and a four-month and one-day hold period under Canadian securities laws.