Pinnacle Silver and Gold Corp. has received TSX Venture Exchange approval to extend the closing date of its non-brokered private placement until September 26, 2026.

The financing aims to raise gross proceeds of up to $2,200,000 through the sale of up to 20,000,000 units priced at $0.11 each. Each unit comprises one common share and one-half of a share purchase warrant. Whole warrants can be converted into an additional share at an exercise price of $0.16 for a period of 24 months from issuance. Finders' fees may be paid in connection with the offering, with each finder's warrant entitling the holder to acquire one common share at $0.16 over a 24-month period.

The company previously closed the first tranche of the private placement on August 7, 2026, raising gross proceeds of $652,080 through the issuance of 5,928,000 units.

Net proceeds raised from the offering will be allocated to advance the high-grade El Potrero gold-silver project in Durango, Mexico, fund project evaluations, and support general working capital. Pinnacle is earning up to a 100% interest in the project, securing an initial 50% interest immediately upon commencing production, subject to a 2% net smelter return royalty.

To support its broader development schedule, Pinnacle previously entered a seven-month exclusivity period with Auramet Capital Partners, L.P. to arrange non-equity project financing of up to US$5 million for the El Potrero development. In addition, the company scheduled a surface drilling program at the property for September or October 2026.

Read the full announcement: Pinnacle Extends Closing Date of Private Placement to September 26, 2026