Discovery Silver Corp. (DSVSF) has filed a final short form base shelf prospectus with Canadian securities regulators, replacing its previous March 2023 prospectus. The new filing allows the company to offer up to C$500 million in securities, including common shares, warrants, subscription receipts, and units, over a 25-month period. This renewal aims to maintain financial flexibility for future business developments. The company recently completed the acquisition of the Porcupine Complex from Newmont Corporation on April 15, 2025, transforming Discovery into a Canadian gold producer with operations near Timmins, Ontario. Discovery's portfolio includes the 100%-owned Cordero project in Mexico, one of the world's largest undeveloped silver deposits.
Discovery Silver Corp. (DSVSF) ha presentato un prospetto base finale in forma abbreviata alle autorit脿 di regolamentazione canadesi, sostituendo il precedente prospetto di marzo 2023. La nuova documentazione consente alla societ脿 di offrire fino a 500 milioni di dollari canadesi in titoli, inclusi azioni ordinarie, warrant, ricevute di sottoscrizione e unit脿, per un periodo di 25 mesi. Questo rinnovo mira a mantenere la flessibilit脿 finanziaria per futuri sviluppi aziendali. Recentemente, la societ脿 ha completato l'acquisizione del Porcupine Complex da Newmont Corporation il 15 aprile 2025, trasformando Discovery in un produttore canadese di oro con operazioni vicino a Timmins, Ontario. Il portafoglio di Discovery include il progetto Cordero di propriet脿 al 100% in Messico, uno dei pi霉 grandi giacimenti d'argento non ancora sviluppati al mondo.
Discovery Silver Corp. (DSVSF) ha presentado un prospecto base abreviado final ante los reguladores canadienses, reemplazando su prospecto anterior de marzo de 2023. La nueva presentaci贸n permite a la empresa ofrecer hasta 500 millones de d贸lares canadienses en valores, incluyendo acciones comunes, warrants, recibos de suscripci贸n y unidades, durante un per铆odo de 25 meses. Esta renovaci贸n busca mantener la flexibilidad financiera para futuros desarrollos comerciales. Recientemente, la compa帽铆a complet贸 la adquisici贸n del Porcupine Complex de Newmont Corporation el 15 de abril de 2025, transformando a Discovery en un productor canadiense de oro con operaciones cerca de Timmins, Ontario. El portafolio de Discovery incluye el proyecto Cordero de propiedad total en M茅xico, uno de los dep贸sitos de plata sin desarrollar m谩s grandes del mundo.
Discovery Silver Corp. (DSVSF) a d茅pos茅 un prospectus de base abr茅g茅 final aupr猫s des r茅gulateurs canadiens, rempla莽ant son prospectus pr茅c茅dent de mars 2023. Ce nouveau d茅p么t permet 脿 la soci茅t茅 d'offrir jusqu'脿 500 millions de dollars canadiens en titres, incluant des actions ordinaires, des bons de souscription, des re莽us de souscription et des unit茅s, sur une p茅riode de 25 mois. Ce renouvellement vise 脿 maintenir une flexibilit茅 financi猫re pour les d茅veloppements futurs de l'entreprise. La soci茅t茅 a r茅cemment finalis茅 l'acquisition du Porcupine Complex aupr猫s de Newmont Corporation le 15 avril 2025, faisant de Discovery un producteur d'or canadien avec des op茅rations pr猫s de Timmins, en Ontario. Le portefeuille de Discovery comprend le projet Cordero d茅tenu 脿 100% au Mexique, l'un des plus grands gisements d'argent non d茅velopp茅s au monde.
Discovery Silver Corp. (DSVSF) hat einen endg眉ltigen Kurzform-Basisprospekt bei den kanadischen Wertpapieraufsichtsbeh枚rden eingereicht und ersetzt damit den vorherigen Prospekt vom M盲rz 2023. Die neue Einreichung erm枚glicht es dem Unternehmen, innerhalb von 25 Monaten Wertpapiere im Wert von bis zu 500 Millionen kanadischen Dollar anzubieten, darunter Stammaktien, Warrants, Bezugsquittungen und Einheiten. Diese Erneuerung soll die finanzielle Flexibilit盲t f眉r zuk眉nftige Gesch盲ftsentwicklungen erhalten. Das Unternehmen hat k眉rzlich am 15. April 2025 den Porcupine Complex von Newmont Corporation erworben und verwandelt Discovery damit in einen kanadischen Goldproduzenten mit Betrieben nahe Timmins, Ontario. Das Portfolio von Discovery umfasst das zu 100 % im Besitz befindliche Cordero-Projekt in Mexiko, eines der weltweit gr枚脽ten unerschlossenen Silbervorkommen.
Positive
Strategic acquisition of Porcupine Complex transforms company into a Canadian gold producer
Dominant land position in renowned Timmins gold camp with substantial growth potential
Ownership of Cordero project, one of world's largest undeveloped silver deposits
Enhanced financial flexibility with ability to raise up to C$500 million
Negative
Potential dilution risk for shareholders if securities are issued
Future offerings may be made at prices determined by market conditions
TORONTO, May 05, 2025 (GLOBE NEWSWIRE) -- Discovery Silver Corp. (TSX: DSV, OTCQX: DSVSF) (鈥�Discovery鈥� or the 鈥�Company鈥�) is pleased to announce that it has filed a final short form base shelf prospectus (the 鈥�Shelf Prospectus鈥�) with the securities regulatory authorities in each of the provinces and territories of Canada, following the completion of a regulatory review of the preliminary base shelf prospectus of the Company. The filing replaces the previous base shelf prospectus of the Company dated March 23, 2023.
The Base Shelf Prospectus is a filing that will permit the Company, if it chooses at some future date, to make offerings of common shares, warrants, subscription receipts, units, or a combination thereof (the 鈥�Securities鈥�), during the 25-month period that the Shelf Prospectus remains effective, up to a maximum aggregate amount of C$500 million. The Company renewed its base shelf prospectus to maintain financial flexibility in support of financing potential future business developments. Securities may be offered in amounts, at prices and on terms to be determined based on market conditions at the time of sale and set forth in one or more shelf prospectus supplement(s). Detailed information regarding the use of proceeds from a sale of any Securities will be included in an applicable prospectus supplement(s).
This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of Securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
A copy of the Shelf Prospectus is available on the Company鈥檚 issuer profile on SEDAR+ at , and may also be obtained by contacting the Company directly via email at 聽.
ABOUT DISCOVERY
Discovery is a growing North American-focused precious metals company. The Company has exposure to silver through its first asset, the 100%-owned Cordero project, one of the world鈥檚 largest undeveloped silver deposits, which is located close to infrastructure in a prolific mining belt in Chihuahua State, Mexico. On April 15, 2025, Discovery completed the acquisition of the Porcupine Complex from Newmont Corporation, transforming the Company into a new Canadian gold producer with multiple operations in one of the world鈥檚 most renowned gold camps in and near Timmins, Ontario. Discovery owns a dominant land position within the camp, with a large base of Mineral Resources remaining and substantial growth and exploration upside.
On Behalf of the Board of Directors,
Tony Makuch, P.Eng President, CEO & Director
For further information contact: 听听听听听听听听
Mark Utting, CFA VP Investor Relations Phone: 416-806-6298 Email: Website:
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. All information, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion and growth of the Company's businesses, operations, plans and other such matters are forward-looking information.
When used in this press release, the words "estimate", "plan", "continue", "anticipate", "might", "expect", "project", "intend", "may", "will", "shall", "should", "could", "would", "predict", "predict", "forecast", "pursue", "potential", "believe" and similar expressions are intended to identify forward-looking information. This information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.
Examples of such forward-looking information include information pertaining to, without limitation, statements with respect to: the Shelf Prospectus, any shelf prospectus supplements, the proposed use of proceeds from any offering of Securities using the Shelf Prospectus, any related shelf prospectus filings, the upside potential of Porcupine, other statements relating to the financial and business prospects of the Company, information as to the Company's strategy, plans or future financial or operating performance; and other events or conditions that may occur in the future.
Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to, unexpected changes in world gold and silver markets, unexpected changes in the capital markets or unavailability of capital, inflation, unexpected increases in capital expenditures and operating expenditures, unexpected changes in development or mining plans, unexpected differences in the mineral content within the material identified as mineral resources or mineral reserves from that estimated and other risks disclosed in the Company鈥檚 most recent annual information form dated as of March 26, 2025, for the financial year ended December 31, 2024, available under the Company鈥檚 issuer profile on SEDAR+ at www.sedarplus.ca.
There can be no assurance that such information will prove to be accurate as actual developments or events could cause results to differ materially from those anticipated. These include, among others, the factors described or referred to elsewhere herein, and includes unanticipated and/or unusual events. Many of such factors are beyond the Company鈥檚 ability to predict or control.
The forward-looking information included in this press release is expressly qualified by the foregoing cautionary statements. Readers of this press release are cautioned not to put undue reliance on forward-looking information due to its inherent uncertainty. The Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise, unless required under applicable laws. This forward-looking information should not be relied upon as representing management's views as of any date subsequent to the date of this press release.
FAQ
What is the maximum amount Discovery Silver (DSVSF) can raise under its new base shelf prospectus?
Discovery Silver can raise up to C$500 million through various securities offerings over a 25-month period under the new base shelf prospectus.
When did Discovery Silver acquire the Porcupine Complex from Newmont?
Discovery Silver completed the acquisition of the Porcupine Complex from Newmont Corporation on April 15, 2025.
What types of securities can Discovery Silver (DSVSF) offer under the new prospectus?
The company can offer common shares, warrants, subscription receipts, units, or a combination thereof under the new prospectus.
What major assets does Discovery Silver currently own?
Discovery Silver owns the 100%-owned Cordero silver project in Mexico, one of the world's largest undeveloped silver deposits, and the recently acquired Porcupine Complex near Timmins, Ontario.
How long is Discovery Silver's new base shelf prospectus valid?
The base shelf prospectus remains effective for a 25-month period from its filing date.
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