GR Silver closes $13.8-million private placement

Executive Summary

• GR Silver Mining completed its underwritten private placement, issuing 69 million units at $0.20 per unit for total gross proceeds of $13.8 million.
• The offering included full exercise of the overallotment option (9 million units, $1.8 million) and a cash underwriting commission of $828,000 plus issuance of 4.14 million broker warrants.
• Net proceeds will be used to advance the Plomosas silver project in Mexico, fund working capital and general corporate purposes, strengthening the company’s liquidity position.

Key Details

• Units issued: 69 million (each unit = 1 common share + ½ warrant).
• Price per unit: $0.20.
• Gross proceeds: $13.8 million; includes $1.8 million from overallotment option exercised by Research Capital Corp.
• Warrant terms: Each warrant allows purchase of one common share at $0.28, exercisable until Aug. 13, 2028.
• Underwriting agreement (dated Aug. 13, 2025):
• Cash commission to underwriter: $828,000.
• Broker warrants issued: 4.14 million non‑transferable units, exercisable at the offering price until Aug. 13, 2028.
• Use of proceeds: Advancement of the Plomosas project (step‑out resource expansion drilling in San Marcial area and bulk‑sampling test mining at historic underground mine), plus working capital and general corporate purposes.
• Regulatory notes: Units issued under NI 45‑106 Part 5A exemptions; offering subject to final TSX Venture Exchange approval; no statutory hold period applicable.

Notable Quotes

“With the closing of this financing and the full exercise of the overallotment option, the company has strengthened its liquidity position,” said Marcio Fonseca, President & CEO.
“This capital gives us the ability to unlock the value of our Plomosas project… both activities aim to deliver long‑term value for all shareholders.”