Regency Silver Announces Second Upsize of Previously Announced Brokered LIFE Offering to $3.5 Million Led by Centurion One Capital and Filing of Second Amended and Restated Offering Document and Concurrent Non-Brokered Private Placement

The most recent news, dated December 15, 2025, announces that Regency Silver Corp. has upsized its previously announced brokered private placement for a second time, now targeting gross proceeds of C$3.5 million. The financing is being conducted under the Listed Issuer Financing Exemption (LIFE).

The offering consists of up to 20,000,000 units at a price of C$0.175 per unit. Each unit comprises one common share and one-half of a common share purchase warrant. Each whole warrant allows the holder to purchase one additional common share at an exercise price of C$0.26 for 36 months.

Additionally, the company announced a concurrent non-brokered private placement of up to 500,000 units on the same terms, for additional proceeds of up to C$87,500.

The use of proceeds is designated for drilling at the Dios Padre Project in Sonora, Mexico, and for general working capital.

The news is a routine but positive development. The key takeaways are the strong investor demand and the improved financing terms compared to the company's recent capital raises.

• Progression of Financing: The offering was initially announced on December 9 for $2.0 million, upsized to $3.0 million on December 11, and now upsized again to $3.5 million. This indicates robust demand, likely driven by anticipation for the drill results from the ongoing program at Dios Padre. This is a strong vote of confidence from the market and their lead agent, Centurion One Capital.
• Valuation Step-Up: The C$0.175 issue price represents a 75% premium to the C$0.10 (post-consolidation) price of the C$4.0 million financing that closed in September 2025. Securing capital at a significantly higher valuation is a positive indicator of improving sentiment and project potential.
• Balance Sheet Fortification: The company's financial position as of September 30, 2025, was precarious, with C$1.23 million in cash against a nine-month net loss of C$1.36 million and significant exploration expenditures. This C$3.5 million infusion is critical, removing the immediate financing overhang and ensuring the company is fully funded to complete its planned 4,500-meter drill program and cover operating expenses for the coming quarters.
• Dilution: The financing is dilutive. The combined brokered and non-brokered placements will issue up to 20.5 million new shares and 10.25 million new warrants. While dilution is a constant risk with junior explorers, securing funds at a higher price mitigates this somewhat compared to the prior round.

In context, this news follows the December 8 update which confirmed that initial drill holes in the current program successfully intersected the target sulphide-specularite breccia, the host for previous high-grade mineralization. While assays from that drilling are still pending, the geological confirmation likely helped build demand for this financing.

Overall, the financing is a necessary step to advance the company's flagship project. The strong demand and higher valuation are positive signals, but the event itself is routine for an exploration company. The material, value-driving news will be the pending assay results.

Regency Silver Corp. is a Canadian-based junior mineral exploration company focused on precious and base metals.

Its flagship asset is the 100%-owned Dios Padre Project in Sonora, Mexico. Dios Padre is a high-sulphidation epithermal gold-copper-silver project with a history of small-scale silver mining. Regency's recent exploration success includes the discovery of a significant sulphide-specularite breccia pipe that has returned high-grade drill intercepts, including: - REG-22-01: 35.8 m of 6.84 g/t Au, 0.88% Cu, 21.82 g/t Ag - REG-23-21: 38.0 m of 7.36 g/t Au

The property is subject to a 3% Net Smelter Return (NSR) royalty, of which the company can purchase 2% for US$1.5 million.