Argenta Silver increases financing to $20-million

Executive Summary

• Argenta Silver Corp. has upsized its previously announced bought deal private placement from C$17 million to C$20 million in gross proceeds due to strong investor demand.
• The offering comprises 25 million common shares priced at C$0.80 per share, with an overallotment option for up to 3.75 million additional shares.
• Net proceeds will be allocated to the exploration and advancement of the El Quevar project in Argentina, alongside working capital and general corporate purposes.

Key Details

• Gross Proceeds: Increased to C$20 million (from C$17 million); overallotment option adds up to C$3 million in additional gross proceeds.
• Share Structure & Pricing: 25 million common shares offered at C$0.80 per share; overallotment option for up to 3.75 million shares at the same price.
• Underwriter: Red Cloud Securities Inc. acting as lead underwriter and sole bookrunner for a syndicate.
• Use of Proceeds: Exploration and advancement of the 100%-owned El Quevar project in Salta, Argentina; working capital; general corporate purposes.
• Underwriter Compensation: 6.0% cash commission of gross proceeds payable on closing; warrants issued to underwriters equal to 6.0% of shares sold, exercisable for 24 months post-closing at an exercise price of C$0.80.
• Closing & Conditions: Scheduled to close on or about January 22, 2026, subject to regulatory approvals including TSX Venture Exchange.
• Regulatory Framework: Offered under NI 45-106 Listed Issuer Financing Exemption (Canada, excluding Quebec) and US Securities Act private placement exemptions; shares expected to be immediately freely tradeable in Canada.
• El Quevar Project Infrastructure: 57,000-hectare property in Salta, Argentina; less than 3% comprehensively explored; features robust infrastructure including 60km of internal roads, a fully owned 100-person camp, and proximity to rail, gas pipeline, and high-voltage transmission lines.
• Yaxtche Deposit Mineral Resource (NI 43-101): Indicated: 45.3 million ounces Ag from 2.93 million tonnes @ 482 g/t Ag; Inferred: 4.1 million ounces Ag from 310,000 tonnes @ 417 g/t Ag. Mineralization is hosted in brecciated zones and dacite domes, controlled by fault structures, and remains open at depth and in multiple directions.
• Qualified Person: Rob van Egmond, PGeo, reviewed and approved technical information; visited the project but is not independent of the company.