SilverCrest Metals is in "a robust financial position"
Last week SilverCrest announced it closed its over-subscribed non-brokered private placement for C$101 million.
The company said it is in "a robust financial position" to advance the high-grade precious metal Las Chispas Project in Sonora, Mexico with a cash balance of C$234 million in its treasury.
The financing is a sharp reversal from mid-March when SilverCrest raised C$75 million in a bought-deal financing. The markets then went south and the banks used a "disaster out" clause to try to pull out of the deal.