CMX Gold & Silver Corp. Secures Financing to Advance Clayton Silver Mine Development

CMX Gold & Silver Corp. (CSE: CXC) (OTC: CXXMF), an exploration-stage company advancing the historic Clayton Silver Mine in Idaho, recently revealed that a total of 3,320,000 warrants were exercised for the purchase of 3,320,000 common shares at $0.10 per share. Additionally, debentures aggregating $190,000 of principal were converted into 1,520,000 shares at a conversion price of $0.125 per share. This financing move underscores the ongoing support from management, directors, and shareholders for the company's development plans.

Jan Alston, President and CEO of CMX, stated, "The exercise of warrants and conversion of debentures demonstrates the confidence of management, directors, and supporting shareholders in CMX’s plan to advance the Clayton Silver project." Alston further noted that this support over the past decade has positioned the company to capitalize on the current precious metals bull market, which he believes is still in its early stages. The full article discussing this development is available at https://ibn.fm/9RZx1.

CMX’s 100%-owned Clayton Silver Property is located in the mining-friendly state of Idaho, USA. The property comprises approximately 684 acres in Custer County, south-central Idaho, including the former Clayton silver-lead-zinc mine. The Clayton Mine was developed on eight levels to a depth of 1,100 feet below surface and encompasses approximately 19,690 feet of underground development. Two major ore bodies, the "South Ore Body" and the "North Ore Body," were partially mined historically. The company aims to leverage this existing infrastructure to advance the project amid rising silver prices.

The recent financing activities highlight a strategic effort to secure capital for exploration and development without diluting existing shareholders excessively. The conversion of debentures into equity also reduces the company's debt burden, strengthening its balance sheet. With silver prices experiencing upward momentum, CMX is well-positioned to benefit from increased investor interest in precious metals. The company's focus on the Clayton Silver Mine, with its established underground workings and known mineralization, provides a foundation for potential resource expansion.

For more information on CMX Gold & Silver Corp., including the latest news and updates, visit the company’s newsroom at https://ibn.fm/CXXMF. This announcement was disseminated on behalf of CMX Gold & Silver Corp. and may include paid advertising through InvestorWire, a specialized communications platform for press release syndication.