West Coast Silver (ASX:WCE) has secured firm commitments to raise $3.2 million through a placement of 16.8 million fully paid ordinary shares to existing and new institutional, professional, and sophisticated investors.
The capital raising will fund ongoing drilling and follow-up exploration at the Elizabeth Hill Silver Project, with assay results expected early in the New Year, as well as regional target evaluations across the company’s consolidated project area.
Executive Chairman Bruce Garlick said the strong investor support positions West Coast Silver well for 2026, noting plans to accelerate target generation and host technical site visits in January and early February to refine exploration priorities.
Elizabeth Hill, a historically high-grade silver project with over 1.2 million ounces produced from just 16,830 tonnes of ore, remains open at depth, with the surrounding 180km2 land package offering potential for additional discoveries.
The placement, led by CPS Capital Group, is expected to close on Jan. 5, 2026, with shares issued shortly thereafter.