Silver North (OTCQB: TARSF) closes $2.1M charity flow-through raise
Rhea-AI Filing Summary
Silver North Resources Ltd. has closed a non-brokered private placement of charity flow-through units for aggregate gross proceeds of up to $2,100,000. The units were priced at $0.21 each, with every unit including one common share and one-half warrant exercisable at $0.35 for 48 months, expiring August 12, 2029.
The company plans to use the funds for exploration at its Haldane and GDR projects in Yukon. It will incur qualifying Canadian exploration expenses by December 31, 2026 and renounce them to subscribers effective on or before December 31, 2025, consistent with flow-through tax rules. Silver North paid finders’ fees of $54,420 in cash and 362,800 warrants exercisable at $0.15 until August 12, 2027, subject to TSX Venture Exchange approval.
The exploration program includes a 10‑hole, 2,500‑metre diamond drill campaign at Haldane’s Main Fault target to follow up high‑grade silver, gold, lead, and zinc intercepts reported in 2024, alongside prospecting, sampling, and mapping at the GDR project.
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Insights
Silver North secures $2.1M to fund Yukon exploration programs.
Silver North Resources completed a non-brokered charity flow-through financing for gross proceeds of up to $2,100,000. Each unit includes a common share and half-warrant at an exercise price of $0.35 for 48 months, extending potential future equity funding through warrant exercises.
The company intends to spend an amount equal to the gross proceeds on qualifying Canadian exploration expenses at its Haldane and GDR Yukon projects by December 31, 2026, with renunciation to investors effective on or before December 31, 2025. This structure aligns with Canadian flow-through tax incentives that benefit subscribers while directing capital to exploration.
Finders received $54,420 in cash and 362,800 warrants exercisable at $0.15 until August 12, 2027, which adds a modest layer of additional potential dilution. The funded work includes a 10‑hole, 2,500‑metre drill program at Haldane’s Main Fault target and early-stage work at GDR, with results to be detailed in subsequent disclosures as programs advance.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 AND 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the Month of August 2025
File No. 000-55193
Silver North Resources Ltd.
(Formerly Alianza Minerals Ltd.)
(Name of Registrant)
410 – 325 Howe Street Vancouver, British Columbia, Canada V6C 1Z7
(Address of principal executive offices)
Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F FORM 20-F x FORM 40-F ¨
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Form 6-K to be signed on its behalf by the undersigned, thereunto duly authorized.
Silver North Resources Ltd.
(Registrant)
Dated: December 12, 2025 | By: /s/ “Winnie Wong” Winnie Wong, Chief Financial Officer |
Exhibits:
99.1News Release dated August 12, 2025
99.2News Release dated August 15, 2025
99.3News Release dated August 20, 2025
99.4Interim Financial Statements for the period ended June 30, 2025
99.5Management Discussion and Analysis
| Trading Symbol (TSX-V: SNAG) 410-325 Howe Street Vancouver, British Columbia Canada V6C 1Z7 Tel: (604) 687 3520 Fax: 1-888-889-4874 www.silvernorthres.com |
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| NR 25-13 |
Silver North Closes Previously Announced $2.1 Million Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, BC, August 12, 2025 – Silver North Resources Ltd. (TSX-V: SNAG, OTCQB: TARSF) “Silver North” or the “Company”) announces that the non-brokered private placement (the “Offering”) announced June 23, 2025 has now closed.
“With the closing of this offering, Silver North is now able to continue to unlock value at the Haldane Property in the historic Keno Hill Silver District,” stated Jason Weber, P.Geo., President and CEO of Silver North. “Our 2025 program at Haldane will commence imminently. We look forward to building on our Main Fault silver discovery from 2024.”
As announced, the Offering for aggregate gross proceeds of up to $2,100,000 from the sale of charity flow-through units of the Company (the “CFT Units”) was sold at a price of $0.21 per CFT Unit. Each CFT Unit is comprised of one common share and one-half of one common share purchase warrant (each whole warrant, a “Warrant”) of the Company, each of which will qualify as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the “Tax Act”). Each Warrant will entitle the holder thereof to purchase one common share (a “Warrant Share”) of the Company for a period of 48 months from the issue date of the CFT Units at an exercise price of $0.35 per Warrant Share, expiring August 12, 2029. The Warrant Share will be issued on a non-flow-through basis.
In connection with the Offering, certain purchasers of CFT Units subsequently (i) donated some or all of such CFT Units to registered charities, who may sell such CFT Units to third-party investors, and/or (ii) sold some or all of such CFT Units to third-party investors, in each case, at a price of $0.15 per unit.
The Company intends to use the gross proceeds raised from the sale of CFT Units for exploration and related programs on the Company’s Haldane and GDR mineral properties in the Yukon Territory.
The Company will use an amount equal to the gross proceeds from the sale of CFT Units, pursuant to the provisions in the Tax Act, to incur eligible “Canadian exploration expenses” that qualify as “flow-through mining expenditures” as both terms are defined in the Tax Act (the “Qualifying Expenditures”) related to the Company’s projects in the Yukon, on or before December 31, 2026, and to renounce all the Qualifying Expenditures in favour of the subscribers of the CFT Units effective on or before December 31, 2025. If the Qualifying Expenditures are reduced by the Canada Revenue Agency, the Company will indemnify each CFT Unit subscriber for any additional taxes payable by such subscriber as a result of the Company’s failure to renounce the Qualifying Expenditures as agreed.
The Company paid finders’ fees comprised of $54,420 cash and 362,800 non-transferable warrants in connection with the Offering, subject to compliance with the policies of the TSX Venture Exchange (“TSXV”). Each finder’s warrant is exercisable at $0.15 for a period of 2 years expiring on August 12, 2027. Completion of the Offering and the payment of any finders’ fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSXV. The CFT Units offered are done so under a charitable donation arrangement structured by PearTree Securities Inc.
Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), the CFT Units were offered for sale to purchasers resident in Canada and/or other qualifying jurisdictions pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the “Listed Issuer Financing Exemption”). Because the Offering was completed pursuant to the Listed Issuer Financing Exemption, the securities issuable from the sale of CFT Units to Canadian resident subscribers in the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws. The finder’s warrants are subject to a four-month hold from the date of closing.
The offering document related to the Offering can be accessed under the Company’s profile at www.sedarplus.ca and on the Company’s website at www.silvernorthres.com.
The securities described herein have not been, and will not be, registered under the U.S. Securities Act, as amended, or any state securities laws, and accordingly, may not be offered or sold within the United States or the US persons except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.
Use of Proceeds
Proceeds from the contemplated financing will be used for exploration of the Company’s Haldane and GDR projects, both of which are located in Yukon Territory. A prospecting, sampling and mapping program is slated for the Veronica claim block of the GDR Project, located adjacent to the Company’s Tim Property (under option to Coeur Mining) in the Silvertip District of southern Yukon. Exploration will follow up on an unexplained multi-element soil geochemical anomaly thought to potentially reflect covered CRD-style silver-lead-zinc mineralization.
At Haldane, a 10 hole (2,500 m) diamond drilling program will target expansion of Keno-style silver lead-zinc mineralization at the newly identified Main Fault target, a wide zone with at least three high grade silver veins identified to date. Drilling will aim to expand both along strike and to depth of the two discovery holes completed in 2024, one of which returned 1,088 g/t silver, 3.90 g/t gold, 1.89% lead and 0.63% zinc over 1.83 metres (refer to Silver North’s news release dated November 14th, 2024). Drilling will commence shortly.
About Silver North Resources Ltd.
Silver North’s primary assets are its 100% owned Haldane Silver Project (next to Hecla Mining Inc.’s Keno Hill Mine project), the Tim Silver Project (under option to Coeur Mining, Inc. in the Silvertip/Midway District, BC and Yukon) and the GDR project also in the Silvertip/Midway district. Silver North also plans to acquire additional silver properties in favourable jurisdictions.
The Company is listed on the TSX Venture Exchange under the symbol “SNAG”, trades on the OTCQB market in the United States under the symbol “TARSF”, and under the symbol “I90” on the Frankfurt Stock Exchange.
Mr. Jason Weber, P.Geo., President and CEO of Silver North Resources Ltd. is a Qualified Person as defined by National Instrument 43-101. Mr. Weber supervised the preparation of the technical information contained in this release and approved the news release.
For further information, contact:
Jason Weber, President and CEO
Sandrine Lam, Shareholder Communications
Tel: (604) 807-7217
Fax: (888) 889-4874
To learn more visit: www.silvernorthres.com
X: https://X.com/SilverNorthRes
LinkedIn: https://www.linkedin.com/company/silvernorth-res-ltd/
NEITHER THE 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. STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD- LOOKING STATEMENTS.