- Discovery Silver Corp. (DSVSF, Financial) has filed a base shelf prospectus allowing up to C$500 million in securities offerings over 25 months.
- The company has transformed into a gold producer with the acquisition of the Porcupine Complex.
- Discovery Silver also owns the Cordero project, one of the largest undeveloped silver deposits globally.
Discovery Silver Corp. (DSVSF) announced the filing of a final short form base shelf prospectus with Canadian securities regulators, replacing its previous March 2023 prospectus. This new filing authorizes 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 strategic move aims to sustain financial flexibility for future business opportunities.
On April 15, 2025, Discovery completed the acquisition of the Porcupine Complex from Newmont Corporation. This acquisition has transformed Discovery into a Canadian gold producer with operations near Timmins, Ontario, one of the world's most renowned gold camps. This significant development marks the company's expansion into gold production, adding to its already impressive portfolio.
Discovery's asset portfolio is further strengthened by its 100%-owned Cordero project in Mexico, recognized as one of the world's largest undeveloped silver deposits. The new base shelf prospectus provides Discovery with the ability to optimize and expand its operations, ensuring the company is well-positioned for future growth in both the gold and silver sectors.
