VANCOUVER, BC, Nov. 25, 2024 /PRNewswire/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM ) (NYSE American: SVM ) today announced the closing of its previously announced private placement offering of US$150,000,000 aggregate principal amount of 4.75% convertible senior notes due 2029 (the "Notes" and the "Offering"), which includes the exercise in full of the initial purchasers' option to purchase up to an additional US$20,000,000 aggregate principal amount of Notes. The Company intends to use the net proceeds from the Offering for the construction of copper-gold mining projects outside of China, for the exploration and development of other projects and for working capital.