Galaxy Ventures' TruSilver Completes $2.5 Million Financing, Names Ex-IAMGOLD Chief Geologist Matt Rees as VP Exploration

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TruSilver Corp. has completed $2.5 million of its concurrent financing, satisfying the minimum financing condition for its Qualifying Transaction with Galaxy Ventures Inc. The financing raised aggregate gross proceeds of $2,510,090 through 7,871,440 hard-dollar subscription receipts at $0.25, 807,434 flow-through subscription receipts at $0.30, 800,000 units issued directly to related parties at $0.25, and 333,334 flow-through common shares issued directly to related parties at $0.30. Effective September 3, 2026, Matt Rees, formerly Chief Geologist at IAMGOLD Corporation, was appointed Vice-President, Exploration and a director of TruSilver, replacing co-founder James Michaelis, who becomes Strategic Technical Advisor. Galaxy has submitted its updated Filing Statement and supporting materials, and TruSilver has reserved the ticker symbol TAG, targeting a TSX Venture Exchange listing in fall 2026 subject to Exchange approval and remaining closing conditions. The parties anticipate completing the Qualifying Transaction in fall 2026, with TruSilver planning a Phase 1 work program at its Sturgis-Walton Silver Project and diamond drilling anticipated to begin in the fall of 2026, followed by a Phase 2 program of approximately 3,500 metres.

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Galaxy Digital Holdings Ltd
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Galaxy Ventures' Qualifying Transaction with TruSilver advances as TruSilver completes its minimum financing condition, but the article gives no clear positive or negative read for Galaxy.

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TruSilver Corp.Private▲ Positive
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TruSilver completed $2.5 million of its concurrent financing, satisfying the minimum financing condition for its Qualifying Transaction and targeting a TSX Venture listing.

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