Mexican exploration stage silver mining company Sinda (SIND.US) applies for listing in the United States, planning to raise $100 million.

Mexican exploration stage silver mining company Sinda submitted a filing to the U.S. Securities and Exchange Commission (SEC) last Friday, planning to raise up to $100 million through an initial public offering (IPO). The company plans to list on the New York Stock Exchange under the ticker symbol "SIND". Founded in 2012, Sinda is a silver mining company in the exploration stage operating in Guanajuato State, Mexico. Its operations so far have mainly involved exploration drilling and geological assessment at the Sinda mining area, which has a confirmed total mineralized zone extension of approximately 182 kilometers. With the support of the natural resources investment company The Electrum Group, the company has not yet developed a mining plan or started production. The company has not generated any revenue yet and has relied on funding from its founding shareholders to support exploration activities.