Argenta increases El Quevar drill program to 25,000 m

Executive Summary

• Argenta Silver Corp. has significantly expanded its 2025-2026 summer exploration program at the El Quevar project in Argentina, increasing planned diamond drilling from 15,000m to ≥25,000m and more than doubling the exploration footprint from ~25 sq km to ~60 sq km.
• The company is initiating critical technical and metallurgical studies, including Q1 2026 testwork at the Yaxtche deposit, environmental baseline updates, and advanced geophysical surveys, fully funded by a $23M bought-deal private placement that leaves the company with ~$41M in working capital and zero debt.
• Additional strategic initiatives include engaging ICP Securities for automated market-making services and leveraging AI/predictive modelling to identify new high-priority mineralization targets.

Key Details

• Drilling Program Expansion: Increased from 15,000m to ≥25,000m; 40% allocated to resource expansion and 60% to new discovery targeting; campaign commenced Nov 1, 2025 with two operational drill rigs.
• Exploration Footprint: Expanded from ~25 sq km to ~60 sq km across Quevar South and Quevar North; includes active soil geochemical sampling, surface mapping, and construction of >15 km of new internal roads.
• Financing: $23M bought-deal private placement closed on Jan 22, 2026; company now holds ~$41M in working capital with no debt, providing full funding for the expanded exploration and technical program.
• Metallurgical Testwork: Scheduled to commence Q1 2026 at the Yaxtche deposit; conducted by Blue Coast Research (BCR) in Canada; will evaluate silver recovery, optimal processing parameters, and flowsheet configurations for a resource of 45.3 Moz Ag (indicated) and 4.1 Moz Ag (inferred).
• Geophysical Surveys: Strategic agreement with Quantec Geoscience Argentina for ~638 line km of high-resolution ground magnetic (MAG) survey across ~60 sq km; planned induced polarization (IP) surveys to follow for sulphide detection and 3-D modelling integration.
• Environmental Baseline Update: Engaged Ausenco to conduct a comprehensive environmental baseline study; field surveys scheduled for Q1 2026 covering wet and dry seasons to benchmark against historical 2010 data.
• AI & Predictive Modelling: Advanced discussions with machine learning specialists to deploy algorithms on historical databases, aiming to identify subtle multiparameter signatures and generate blind high-priority drill targets.
• Automated Market-Making: Engaged ICP Securities Inc. starting Feb 2, 2026; monthly fee of $7,500 + taxes; 4-month initial term with automatic monthly renewals; no performance factors or stock options; activity aimed at correcting temporary supply/demand imbalances.
• Project Infrastructure: El Quevar spans 57,000 hectares; features >60 km internal roads, a fully operational 100-worker camp, nearby railroad and gas pipeline, and a high-voltage transmission line ~20 km from the exploration area.