Silver Spruce Announces Non-brokered Financing of up to $1,000,000

Rhea-AI Summary

Silver Spruce (OTC:SSEBF) announced a non-brokered private placement of up to 10,000,000 units at $0.10 per unit to raise up to $1,000,000. Each unit comprises one common share and a full warrant exercisable at $0.15 for three years. Closing is expected on or before December 31, 2025 and the financing is subject to TSX Venture Exchange approval. Proceeds will be used for exploration of the company’s mineral projects and general working capital. Finder’s fees may be paid in accordance with TSXV policies.

Positive

• Up to $1,000,000 gross proceeds available
• Warrants extend potential additional capital at $0.15 for three years
• Proceeds earmarked for exploration on existing projects

Negative

• Issuance of up to 10,000,000 units may cause share dilution
• Financing subject to TSXV approval, which could delay proceeds
• Finder’s fees may reduce net proceeds

Key Figures

Financing size: $1,000,000 Units offered: 10,000,000 units Unit price: $0.10 per unit +3 more

6 metrics

Financing size $1,000,000 Maximum gross proceeds from non-brokered private placement

Units offered 10,000,000 units Maximum number of units in the private placement

Unit price $0.10 per unit Offering price in the non-brokered private placement

Warrant exercise price $0.15 per share Exercise price for full warrants in each unit

Warrant term three years Duration to exercise warrants from closing date

Closing deadline December 31, 2025 Expected latest closing date for the private placement

Market Reality Check

Price: $0.2089 Vol: Volume 278,379 vs 20-day ...

high vol

$0.2089 Last Close

Volume Volume 278,379 vs 20-day average 12,366 (relative volume 22.51) ahead of the financing announcement. high

Technical Price 0.0105 is trading below the 200-day MA at 0.09, far under the 52-week high of 0.327.

Peers on Argus

Peers in Other Industrial Metals & Mining showed mixed, mostly flat moves (e.g.,...

Peers in Other Industrial Metals & Mining showed mixed, mostly flat moves (e.g., ETRUF at -4.61%, VDOMF at +1.52%, others unchanged), suggesting the financing news was stock-specific rather than sector-driven.

Historical Context

2 past events · Latest: Oct 31 (Neutral)

Pattern 2 events

Date	Event	Sentiment	Move	Catalyst
Oct 31	Share consolidation completion	Neutral	+29.6%	Completion of 1-for-15 consolidation and start of post-consolidation trading.
Oct 28	Share consolidation update	Neutral	+8.9%	Announcement and details of planned 1-for-15 share consolidation.

Pattern Detected

Recent corporate actions, notably the 1-for-15 share consolidation, were followed by positive 24-hour price reactions, indicating prior corporate structure changes did not trigger immediate selling pressure.

Recent Company History

In late October 2025, Silver Spruce focused on capital structure, announcing a 1-for-15 share consolidation that reduced outstanding shares from 324,152,832 to roughly 21,610,189. This consolidation, effective October 31, 2025, led to trading of post-consolidation shares starting around November 4, 2025. Both the consolidation announcement and its completion saw positive 24h price reactions, forming the backdrop for the newly announced non-brokered financing of up to $1,000,000.

Market Pulse Summary

This announcement details a non-brokered private placement of up to 10,000,000 units at $0.10 for pr...

Analysis

This announcement details a non-brokered private placement of up to 10,000,000 units at $0.10 for proceeds up to $1,000,000, each unit carrying a three-year warrant at $0.15. The funds are earmarked for exploration and working capital. Coming shortly after a 1-for-15 share consolidation, investors may track how this financing affects share count, trading liquidity, and progress on the company’s exploration projects.

Key Terms

non-brokered private placement, warrant, exercise price

3 terms

non-brokered private placement financial

"it will undertake a non-brokered private placement financing (the "Financing")"

A non-brokered private placement is when a company raises money by selling securities (such as shares or bonds) directly to a small group of chosen investors without using a broker or dealer as a middleman. For investors it matters because it can provide faster, lower-cost access to new investment opportunities but may bring higher risk, less liquidity and potential dilution of existing holdings compared with public offerings.

warrant financial

"Each unit will consist of one common share and a full warrant to purchase"

A warrant is a time-limited financial contract that gives its holder the right to buy a company's shares at a set price before a specified date, like a coupon that lets you purchase stock at a fixed discount for a limited time. It matters to investors because warrants offer leveraged exposure to a stock’s upside and can dilute existing shareholders if exercised, so they affect potential gains and the company’s outstanding share count.

exercise price financial

"at an exercise price of $0.15 per share for a period of three years"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

AI-generated analysis. Not financial advice.

BEDFORD, NS / ACCESS Newswire / December 3, 2025 / (TSXV:SSE) - Silver Spruce Resources Inc. ("Silver Spruce" or the "Company") is pleased to announce that it will undertake a non-brokered private placement financing (the "Financing") comprising up to 10,000,000 units at a price of $0.10 for gross proceeds of up to $1,000,000. Each unit will consist of one common share and a full warrant to purchase an additional common share at an exercise price of $0.15 per share for a period of three years from the closing of the private placement. The private placement is expected to close on or before December 31, 2025.

The proceeds from the private placement will be used for exploration of the Company's mineral projects and general working capital.

The private placement is subject to the approval of the TSX Venture Exchange. Finder's fees will be paid on the private placement in accordance with the policies of the TSX Venture Exchange.

About Silver Spruce Resources Inc.
Silver Spruce Resources Inc. is a Canadian junior exploration company. The Company's diversified portfolio now includes:

• Jackie Au-Ag Project (100% owned) - Early-stage epithermal project with high-grade surface sampling and strong structural targets located <10 kilometres northwest from Minera Alamos' Nicho deposit in Sonora, Mexico

• Pino de Plata Ag Project (Option to earn 100%) - High-grade silver property in Chihuahua, with historic artisanal mining located 15 kilometres west of Coeur Mining's Palmarejo Mine in western Chihuahua, Mexico

• Melchett Lake VMS Zn-Ag-Au-Cu Project (100% owned) - Polymetallic project with historical drilling in the Thunder Bay Mining District of Ontario

Silver Spruce Resources Inc. continues to investigate opportunities that Management has identified or that have been presented to the Company for consideration.

Contact:
Silver Spruce Resources Inc.
Greg Davison, PGeo, Vice-President Exploration and Director
(250) 521-0444
gdavison@silverspruceresources.com

info@silverspruceresources.com
www.silverspruceresources.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, statements regarding the private placement.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.

SOURCE: Silver Spruce Resources, Inc.

View the original press release on ACCESS Newswire

FAQ

What financing did Silver Spruce (SSEBF) announce on December 3, 2025?

Silver Spruce announced a non-brokered private placement of up to 10,000,000 units at $0.10 per unit to raise up to $1,000,000.

What does each unit include in the Silver Spruce (SSEBF) offering?

Each unit includes one common share and a full warrant to buy one share at $0.15 exercisable for three years.

When is the Silver Spruce (SSEBF) private placement expected to close?

The private placement is expected to close on or before December 31, 2025, subject to TSXV approval.

How will Silver Spruce (SSEBF) use the proceeds from the financing?

Proceeds will be used for exploration of the company’s mineral projects and general working capital.

Will Silver Spruce (SSEBF) pay finder's fees for the private placement?

Yes, finder's fees will be paid in accordance with the policies of the TSX Venture Exchange.