Aftermath Silver increases financing to $20-million

Executive Summary

• Aftermath Silver Ltd. has upsize its brokered private placement offering to up to $20 million due to strong investor demand.
• Eric Sprott (via 2176423 Ontario Ltd.) intends to invest up to $10 million in the offering.
• Net proceeds will fund exploration and development at the Berenguela project in Peru, complete a prefeasibility study, explore other projects, and cover working capital and general corporate purposes.

Key Details

• Offering Size & Price: Upsized to up to 22,222,250 common shares at $0.90 per share for aggregate gross proceeds of up to $20,000,025.
• Key Investor Participation: Eric Sprott (through 2176423 Ontario Ltd.) intends to participate for up to $10 million.
• Use of Proceeds: Finance exploration and development at the Berenguela silver-copper-manganese project (Peru), complete a prefeasibility study for Berenguela, further exploration at other mineral projects, and working capital/general corporate purposes.
• Regulatory & Listing: Offered under the listed issuer financing exemption (NI 45-106 Part 5A) in all Canadian provinces except Quebec and qualifying jurisdictions including the US. Shares will be immediately free trading upon closing under Canadian securities laws.
• Closing & Conditions: Expected closing on or about Dec. 23, 2025, subject to necessary regulatory approvals, including conditional approval from the TSX Venture Exchange.
• Agent Compensation: Agents (Research Capital Corp. and Red Cloud Securities Inc.) receive a 6.0% cash commission on aggregate gross proceeds.
• Removed Terms: The option previously granted to the agents has been removed from the offering.
• Project Context: Berenguela project (100% interest via agreement with SSR Mining and EMX Royalties) has an NI 43-101 resource estimate dated Dec. 4, 2025, with a technical report to be filed shortly.