The company announced a maiden resource estimate of 54 million ounces (moz) at a high grade of 284gpt silver.
In early June 2025, Kootenay announced a maiden resource estimate for the Columba project, reporting 54 million ounces of silver at a grade of 284 grams per tonne. The offering, finalized on June 27, 2025, involved the sale of 19 million units at C$1.05 each. Each unit includes one common share and a half warrant, with each full warrant exercisable for an additional common share at C$1.58 until June 27, 2028.
“This offering strengthens our financial position to accelerate exploration and development at Columba,” a Kootenay Silver spokesperson stated. The company aims to leverage the high-grade silver resource to advance the project toward production.
Research Capital Corporation served as the sole bookrunner, supported by a syndicate of underwriters, including Red Cloud Securities. The offering was conducted under a prospectus supplement filed across all Canadian provinces on June 19, 2025, amending the company’s base shelf prospectus dated March 27, 2024. Final approval from the TSX Venture Exchange is pending.
As part of the agreement, Kootenay Silver paid the underwriters a cash commission of C$1.1 million and issued 1,055,497 broker warrants. Additionally, advisory fees of C$62,000 plus tax were paid, along with 59,400 advisory broker warrants. These broker warrants allow the purchase of a common share at C$1.05 each until June 27, 2028. Independent finders received C$30,000 in cash fees for connecting the company with certain president’s list purchasers.
The Columba silver project represents a significant opportunity for Kootenay Silver to contribute to Mexico’s mining sector. The funds raised will enable further exploration and operational advancements, supporting the company’s growth strategy and commitment to sustainable resource development.
