Argenta Silver closes $2.5-million investment by Tyrus

Executive Summary

• Argenta Silver Corp. closed a C$2.5 million (≈US$2.0 M) pro‑rata investment by Tyrus SA, an affiliate of Eduardo Elsztain, issuing 6.25 million units (each unit = 1 common share + ½ warrant).
• The warrants allow purchase of additional common shares at C$0.60 per share until 12 Aug 2028.
• Net proceeds will fund exploration and advancement of the 100%‑owned El Quevar project in Salta, Argentina, plus working capital and general corporate purposes.

Key Details

• Units Issued: 6.25 million units (each unit = 1 common share + ½ transferable warrant).
• Offering Price: Same terms as the previously announced bought‑deal private placement (C$0.40 per unit, implied).
• Warrant Terms: Each whole warrant permits purchase of one common share at C$0.60; exercisable any time on or before 12 Aug 2028.
• Proceeds Use: Exploration and development of the El Quevar project; working capital; general corporate purposes.
• Closing Conditions: Subject to final approval by the TSX Venture Exchange; securities subject to a hold period expiring 4 months + 1 day after issue (13 Dec 2025).
• Related Party Context:
• Prior strategic investment by IFIS Ltd. (Elsztain affiliate) of $5 M for 25 M common shares + 5.2 M warrants at C$0.26 per warrant (five‑year term).
• Post‑investment, Elsztain affiliates hold ~12.57% of outstanding common shares and 15.40% on a partially diluted basis.
• Regulatory Note: Transaction qualifies as a related‑party transaction under MI 61‑101; exemption from formal valuation/minority shareholder approval because consideration < 25% of market cap. No material change report filed prior to closing due to timing constraints.
• Project Overview (El Quevar): 57,000 ha in Salta, Argentina; <3% explored; infrastructure includes >60 km internal roads, camp for 100 workers, nearby rail, gas pipeline, service road, and high‑voltage transmission line.
• Resource Highlights (Yaxtche Deposit):
• Indicated: 45.3 M oz Ag in 2.93 Mt @ 482 g/t Ag.
• Inferred: 4.1 M oz Ag in 310 kt @ 417 g/t Ag.
• Open at depth and laterally; winter 2025 drilling to target high‑grade zones.

Notable Quotes

• (No direct CEO/President quotes were included in the release.)