Discovers Silver Potential in Yukon: Massive Gains Ahead

1. Silver North Resources Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.
2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Silver North Resources Inc.
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Silver North Resources Ltd. (SNAG:TSX.V; TARSF: OTCQB) has successfully concluded a non-brokered private placement which will enable it to "continue to unlock the value at the Haldane property in the historic Keno Hill silver district," President and Chief Executive Officer Jason Weber announced.

"Our 2025 program at Haldane will commence imminently," Weber said in the company's release on August 12. "We look forward to building on our Main Fault silver discovery from 2024."

The offering, which aimed to raise total gross proceeds of up to CA$2.1 million, involved the sale of charity flow-through (CFT) units priced at 21 cents each.

In relation to the offering, some purchasers of CFT units either donated their units to registered charities, which may then sell them to third-party investors, or sold them directly to third-party investors at a rate of 15 cents per unit.

The funds raised from the CFT units will be allocated to exploration and related activities on the company's properties in Yukon. The company said it is committed to using the proceeds to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures. Should the Canada Revenue Agency reduce the qualifying expenditures, the company will compensate each CFT unit subscriber for any additional taxes incurred due to the company's inability to renounce the qualifying expenditures as planned.

Silver North said it paid finders' fees amounting to CA$54,420 in cash and 362,800 non-transferable warrants in connection with the offering, in line with TSX Venture Exchange policies. Each finder's warrant can be exercised at 15 cents for a duration of two years, expiring on August 12, 2027. The completion of the offering and the payment of any finders' fees are contingent upon receiving all necessary regulatory approvals, including from the TSX-V.

The money will support exploration activities at the Haldane and GDR projects in Yukon, the company said. A prospecting, sampling, and mapping program is planned for the Veronica claim block of the GDR project, adjacent to the company's Tim property (optioned to Coeur Mining) in the Silvertip district of southern Yukon.

\This exploration will investigate a multielement soil geochemical anomaly that may indicate covered CRD-style (carbonate replacement deposit) silver-lead-zinc mineralization.

At Haldane, a 10-hole (2,500-meter) diamond drilling program will focus on expanding Keno-style silver-lead-zinc mineralization at the newly identified Main Fault target, a broad zone with at least three high-grade silver veins discovered so far.

Drilling aims to extend both the strike and depth of the two discovery holes completed in 2024, one of which yielded 1,088 grams per tonne (g/t) silver, 3.90 g/t gold, 1.89% lead, and 0.63% zinc over 1.83 meters, the company said. Drilling operations will begin shortly.

Experts: An Excellent Silver Opportunity

On July 31, Rick Mills from Ahead of the Herd had a conversation with Bob Moriarty of 321Gold.com about junior mining companies, including Silver North. Mills recalled that a few months ago, they identified a low point for junior miners and decided to start purchasing shares and participating in private placements. This decision was based on the attractive pricing of these shares relative to their market values and their efforts to raise funds for drilling activities.

"It appears we've performed quite well," Mills remarked. "All those stocks have now commenced drilling, they were appreciating beforehand and now show significant gains based on visual indicators and some preliminary results. I believe we're well-positioned in that sector, but now another wave of stocks we helped finance and recommended to readers, like Harvest Gold Corp. (HVG:TSX.V) and Silver North, have successfully raised funds, identified targets and will soon begin drilling, both commencing very shortly."

Michael Ballanger of GGM Advisory Inc. wrote on August 11 that he continues to hold SNAG shares. "I am placing my faith and trust in the shares and continue to hold Silver North.

Silver North, according to Mills, "represents a pure silver opportunity where the team has already made several discoveries, documented substantial silver ounces and I believe is progressing toward defining another Keno silver deposit."

Moriarty commented that Silver North possesses the key factors "for actually receiving awards when purchasing stocks." He emphasized the importance of acquiring assets when they are undervalued and investing in companies that are actively advancing.

In a previous discussion with Moriarty on July 25, Mills mentioned that silver seems ready for an increase in value and that SNAG provides an excellent silver investment opportunity in Canada's most productive silver region, Keno Hill. This area attracts significant investment from Hecla, the largest silver producer in the United States. Nearby, Silver North's Haldane project shows promising signs of high-grade, extensive veins similar to those Hecla is currently mining at Keno Hill.

"I've known management for 15 years, they control excellent land positions within the Keno Hill district, conducting substantial drilling — they understand their assets and potential," Moriarty said.

In an article published on Streetwise Reports on July 16, Moriarty highlighted the "remarkable story" of Silver North, particularly focusing on the Haldane project. He noted, "Since 2020, Silver North has been reporting stellar results . . . Last year, the company discovered a new zone at the Haldane property, termed the Main Fault."

Michael Ballanger of GGM Advisory Inc. wrote on August 11 that he continues to hold SNAG shares. "I am placing my faith and trust in the shares and continue to hold Silver North and Carlton Precious Inc (CPI:TSXV; NBRFF:OTCMKTS).

The Catalyst: A Standout Commodity

Silver currently shines as a standout commodity, witnessing a revival in investor interest and strong fundamentals that have propelled its prices to the highest in 14 years, as noted in a Mining.com report dated July 31. With impressive gains of 28% this year following a 21% increase last year, some analysts suggest that this upward trajectory is just the beginning, positioning silver as an attractive investment option, according to the report.

Citigroup has recently upgraded its short-term outlook for silver prices to over US$40 per ounce, citing a tightening supply and rising demand.

HSBC analysts have increased their silver price predictions for 2025, 2026, and 2027, attributing this to robust support from elevated gold prices and demand for safe-haven assets amid significant geopolitical and economic uncertainties, according to an August 12 report by Carl Surran for Seeking Alpha.

The bank announced this week that it now anticipates silver prices to average US$35.14 per ounce in 2025, up from its earlier estimate of US$30.28 per ounce; US$33.96 per ounce in 2026, compared to the previous forecast of US$26.95 per ounce; and US$31.79 per ounce in 2027, against the former projection of US$28.30 per ounce. Although silver prices have climbed 31% year-to-date, HSBC warned that the surge is "more to silver's relationship with gold than underlying fundamentals," with gold's record highs exerting a "strong gravitational pull" on silver, Curran reported.

Regarding supply, HSBC expects silver mine production to continue growing at a gradual rate, as their supply-demand model predicts a silver shortfall of 206 million ounces in 2025 and 126 million ounces in 2026, compared to a 167 million ounce deficit in 2024, according to the report. HSBC also noted that a weaker dollar this year is beneficial for silver, while ongoing discussions about Federal Reserve rate cuts and central bank strategies could influence future prices.

Ownership and Share Structure

According to the company's Investor Presentation, ownership of the company breaks down this way: private individuals own 19%, management owns 16%, funds own 12%, and the rest is retail.

The company has a market cap of CA$14.12 million and a 52-week range of CA$0.07–0.38 per share.