Kuya Silver Reports Record Q4 Production at Bethania; Secures CAD$25.5 Million Financing to Develop Processing Capacity Targeting Expansion in a Strong Silver Market

Executive Summary

• Kuya Silver reported record Q4 and full‑year production at its Bethania silver project, mining a quarterly record 1,999 metric tonnes of mineralized material.
• The company closed a CAD $25.5 million brokered private placement to fund the acquisition or construction of a dedicated flotation plant, vertically integrating processing capacity.
• Underground development advanced 172 m and moved 2,318 t of development material, positioning the mine for continued ramp‑up toward a Phase 1 target of 350 t/d.

Key Details

• Production Highlights
• Q4 mineralized material mined: 1,999 t (record).
• Development material moved: 2,318 t (54 % of total tonnes handled).
• 88 % of Q4 revenue derived from silver concentrate; 92 % for the full year.
• Underground Development
• 172 m of new raise development and ventilation improvements.
• New sub‑levels, stopes, cross‑cut to 12 de Mayo and Victoria veins, battery chamber, underground lighting installed.
• Stockpile Management
• Processed historic low‑grade stockpile material in Q4, blending with fresh ore (fresh grade 9.2 oz/t Ag; historic 4.1 oz/t Ag).
• End‑quarter fresh mineralized stockpile: ≈1,254 t at an estimated 8.15 oz/t Ag, slated for processing in Jan 2026.
• Additional prepared stockpile: 5,095 t at 3.07 oz/t Ag (plus minor by‑products), not expected to be processed immediately but provides future flexibility.
• Financing
• Closed brokered private placement on Jan 15 2026 for CAD $25.5 million gross proceeds.
• Intended use: acquire or construct a dedicated flotation plant at Bethania to improve recoveries, increase margins, and reduce reliance on toll‑mill processing.
• Future Processing Plans
• Target Phase 1 throughput: 350 t/d of mineralized material.
• Anticipated benefits: more consistent processing, higher silver recoveries, and potential recovery of minor gold and copper currently lost in toll‑mill operations.
• Investor Webinar
• Live webcast with President/CEO David Stein on Jan 20 2026 (1 pm ET) to discuss operational update and financing impact.

Notable Quotes

“The fourth quarter was the first time since starting up the Bethania mine that the operation enjoyed an excess in working capital which allowed the mine to focus on fundamental growth, development, hiring employees, and preparations for value‑added capital projects throughout 2026 such as the drill program and ramp project.” – David Stein, President & CEO

All dollar amounts are in U.S. dollars unless otherwise noted.