Silver Tiger Announces C$40 Million Bought Deal Financing

Executive Summary

• Silver Tiger Metals Inc. entered into a bought‑deal underwriting agreement for up to 54,800,000 common shares at C$0.73 per share, targeting gross proceeds of approximately C$40 million.
• The underwriters have a 30‑day option to purchase an additional 15% of the offering for over‑allotments.
• Net proceeds are earmarked for exploration and development of the El Tigre project in Sonora, Mexico, and for general corporate purposes.

Key Details

• Underwriters: Syndicate led by BMO Capital Markets and Stifel Nicolaus Canada (joint bookrunners).
• Shares Offered: 54,800,000 common shares on a bought‑deal basis.
• Price per Share: C$0.73.
• Gross Proceeds: Approximately C$40 million.
• Over‑Allotment Option: Up to an additional 15% of the offering (≈8,220,000 shares) exercisable at the offering price for 30 days after closing.
• Expected Closing Date: On or about November 26, 2025, subject to regulatory approvals.
• Use of Proceeds: Primarily for exploration and development of the El Tigre project; remainder for general corporate purposes.
• Offering Mechanics: Shares to be offered via a short‑form prospectus in all Canadian provinces except Quebec; may also be offered privately in the U.S. under Rule 144A.
• Regulatory Disclaimer: Securities not registered under the U.S. Securities Act; sale prohibited in jurisdictions where unlawful.

Notable Quotes

“The capital raised will accelerate our development program at El Tigre, positioning us to deliver on the robust economics outlined in our recent PFS,” – Glenn Jessome, President and CEO.