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Home > Small Caps > Sun Silver (ASX: SS1) shines bright with record breaking IPO and ASX listing (w/ Gerard O'Donovan)
Podcast: Small Caps
Episode:

Sun Silver (ASX: SS1) shines bright with record breaking IPO and ASX listing (w/ Gerard O'Donovan)
Category: Business
Duration: 00:14:45
Publish Date: 2024-05-15 01:27:46
Description:

Sun Silver (ASX: SS1) executive director Gerard O'Donovan joins Small Caps to discuss the company's listing on the ASX today after completing a record breaking, $13 million initial public offering (IPO).

Backed by a highly regarded board and management team and a world-class silver asset, Sun Silver smashed the record for the fastest IPO raising on the Automic Investor Portal, hitting its capital raising target almost a month ahead of schedule.

That saw the company gain its ASX listing significantly in advance of expectations and with a very healthy market cap of $25 million.

Those funds will now be directed towards the commercialisation of the rich Maverick Springs project in the well-known US mining jurisdiction of Nevada.

Sun Silver is looking to take advantage of Maverick Spring's large, high-grade JORC compliant mineral resource of 292 million ounces of silver equivalent at 72.4 grams per tonne silver and a very strong silver market that is being boosted by the precious metal's growing use in the renewable energy sector.

Articles:
https://smallcaps.com.au/sun-silver-fast-tracked-ipo-asx-launch-sector-interest/
https://smallcaps.com.au/sun-silver-targets-early-asx-listing-strong-response-ipo/

For more information on Sun Silver:
https://smallcaps.com.au/stocks/asx-ss1/

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