Business
RETRANSMISSION: Blackrock Silver Closes C$15 Million Private Placement Led By a C$7 Million Investment from Eric Sprott
Vancouver, British Columbia--(Newsfile Corp. - January 9, 2026) - Blackrock Silver Corp. (TSXV: BRC) (OTCQX: BKRRF) (FSE: AHZ0) ("Blackrock" or the "Company") is pleased to announce the completion of its non-brokered private placement (the "Offering") previously announced on December 24, 2025. 2176423 Ontario Ltd., a company beneficially owned by Eric Sprott, purchased an aggregate of C$6,999,960 of the Offering. The Offering consisted of a total of 13,636,300 units of the Company (the "Units").
About this update from Blackrock, Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - January 9, 2026) - Blackrock Silver Corp. (TSXV: BRC) (OTCQX: BKRRF) (FSE: AHZ0) ("Blackrock" or the "Company") is pleased to announce the completion of its non-brokered private placement (the "Offering") previously announced on December 24, 2025. 2176423 Ontario Ltd., a company beneficially owned by Eric Sprott, purchased an aggregate of C$6,999,960 of the Offering. The Offering consisted of a total of 13,636,300 units of the Company (the "Units") at a price of C$1.10 per Unit for gross proceeds of C$14,999,930. Each Unit consisted of one common share of the Company (each, a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to acquire one Common Share at an exercise price of C$1.50 per Common Share until January 8, 2028.","length":930,"tagName":"p"},{"type":"text","content":"Andrew Pollard, Blackrock's President and Chief Executive Officer, commented: "Supported by Eric Sprott and a new cornerstone investor, this $15 million financing meaningfully strengthens our balance sheet as we advance Tonopah West toward development. 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 U.S. market."","length":475,"tagName":"p"},{"type":"text","content":"The net proceeds of the Offering are intended to be used by the Company to fund exploration, permitting and pre-development activities on the Company's Tonopah West project and for general working capital.","length":209,"tagName":"p"},{"type":"text","content":"In connection with the closing of the Offering, the Company paid Research Capital Corporation (the "Finder") finder's fees in cash totalling C$689,997 and issued to the Finder a total of 627,270 non-transferable finder's warrants ("Finder's Warrants") in connection with the Units placed by the Finder. Each Finder's Warrant entitles the holder thereof to acquire one Common Share at an exercise price of C$1.50 until January 8, 2028.","length":470,"tagName":"p"},{"type":"text","content":"The participation of Eric Sprott in the Offering constituted a...