Silver Tiger Announces Closing of C$100,050,000 Bought Deal Financing Including Full Exercise of the Over-allotment Option

Silver Tiger Metals Inc. closed a bought deal financing on October 13, 2026, raising gross proceeds of C$100,050,000. The transaction involved the issuance of 100,050,000 units at C$1.00 per unit, following the full exercise of the underwriters' over-allotment option. Each unit consists of one common share and one-half of a common share purchase warrant. Warrants are exercisable at C$1.35 per share for a period of 24 months from closing.

Proceeds are designated for exploration, development, working capital, and general corporate purposes, specifically targeting the El Tigre Stockwork Zone Project. The underwriting syndicate, led by Stifel Canada, received a 5.0% cash commission on gross proceeds. This transaction closes the financing initially announced on September 21, 2026.

Silver Tiger Metals Inc. (SLVR) has closed a financing round that serves as the expected follow-up to its September 21 announcement, introducing no new strategic shifts or unexpected market-moving information. The issuance price of C$1.00 represents a discount to the February 2026 financing price of C$1.17 and sits below the current trading price of $0.85, indicating continued dilutive pressure on existing shareholders.

The capital raise provides necessary runway to fund the updated C$124 million USD capital expenditure requirement and supports the targeted December 2027 commissioning and first pour. The inclusion of warrants adds future dilution risk, with 50,025,000 potential shares entering the market if fully exercised at C$1.35.

Silver Tiger Metals Inc. (SLVR) is a precious metals mining company focused on the El Tigre Stockwork Zone Project in Sonora, Mexico. The company’s flagship project is a 100%-owned silver-gold heap leach mine, with a targeted commissioning and first pour date of December 2027.

The project has seen significant engineering and construction advancement, including the signing of an EPCM contract with Kappes, Cassiday & Associates (KCA) and Kappes, Cassiday del Norte S de RL de CV (KCN). Historical production from the district includes 353,000 ounces of gold and 67.4 million ounces of silver.

Silver Tiger Metals Inc. graduated from the TSX Venture Exchange to the Toronto Stock Exchange (TSX) in May 2026, enhancing liquidity and institutional access.