Aftermath arranges $15-million private placement

Executive Summary

• Aftermath Silver Ltd. has entered into an agreement for a brokered, best-effort private placement offering of up to 16,666,667 common shares at $0.90 per share, targeting gross proceeds of up to $15 million.
• Eric Sprott, via 2176423 Ontario Ltd., has indicated an intention to participate in the offering for up to $10 million.
• Net proceeds will be utilized for exploration and development at the Berenguela project in Peru, completion of a prefeasibility study for Berenguela, further exploration of other mineral projects, and general working capital.

Key Details

• Offering Structure: Brokered, best-effort listed issuer financing exemption private placement.
• Share Price: $0.90 per common share.
• Base Offering Size: Up to 16,666,667 common shares.
• Base Gross Proceeds: Up to $15,000,000.
• Over-allotment Option: Agents have an option to purchase up to an additional 15% of the base offering (2,500,000 shares).
• Maximum Offering Size (with Over-allotment): 19,166,667 common shares.
• Maximum Gross Proceeds (with Over-allotment): $17,250,000.
• Lead Agent/Bookrunner: Research Capital Corp.
• Agent Commission: 6.0% of aggregate gross proceeds.
• Use of Proceeds:
  • Finance further exploration and development at the Berenguela silver-copper-manganese project (southern Peru).
  • Completion of a prefeasibility study for the Berenguela project.
  • Further exploration at other mineral projects.
  • Working capital and general corporate purposes.
• Regulatory Basis: Listed issuer financing exemption under Part 5A of National Instrument 45-106, as amended by CSA Coordinated Blanket Order 45-935.
• Jurisdiction: All provinces of Canada except Quebec, and other qualifying jurisdictions including the United States.
• Trading Status: Common shares will be immediately free-trading upon closing under applicable Canadian securities laws.
• Expected Closing Date: On or about December 23, 2025, subject to regulatory approvals (including conditional approval of the TSX Venture Exchange).

Notable Quotes

• None provided in the text.