CMX Gold & Silver Corp. (CSE: CXC) (OTC: CXXMF), an exploration-stage company advancing the historic Clayton Silver Mine in Idaho, recognizes that global demand and geopolitical factors are further boosting silver prices. To capitalize on this growth, the company is moving forward with the exploration of its flagship Clayton Silver project in Idaho, a 1,028-acre property with 29 patented mining claims, 2 patented mill sites, and 20 unpatented claims. The mine once ranked as the most active underground mine in the district, producing silver, along with lead, zinc, minor gold, and copper. However, the Clayton mine was never fully explored; it was only mined along a single vein because no more ore was needed for the small mill on site.
The growing value of silver is a key driver for renewed interest in the project. According to J.P. Morgan Global Research, silver prices are projected to average $81 per ounce in 2026, double their average in 2025. This price surge is encouraging aggressive exploration of historically productive but largely unexplored sites like Clayton. The company sees compelling prospects for unexplored areas of the project, magnified by the rising silver market.
In January 2026, CMX Gold & Silver commenced a non-brokered private placement financing for aggregate gross proceeds of up to CAN$2,000,000. The funds will support further exploration activities at the Clayton Silver project. The company’s focus is on identifying and developing additional mineralized zones beyond the single vein historically mined.
For more information on the Clayton Silver project, including details on the mining claims and historical production, visit https://ibn.fm/6SkLE. Additional background on the mine's history and production can be found at https://ibn.fm/j21FN.
Investors seeking the latest news and updates relating to CXXMF are available in the company’s newsroom at https://ibn.fm/CXXMF.
