Argenta Silver increases bought deal to $17-million

Executive Summary

• Argenta Silver Corp. has upsized its previously announced bought deal private placement from C$10 million to C$17 million in gross proceeds following strong investor demand.
• The offering comprises 21.25 million common shares at C$0.80 per share, with an overallotment option for up to 2.5 million additional shares.
• Net proceeds will be directed toward the exploration and advancement of the El Quevar project in Argentina, alongside working capital and general corporate purposes.

Key Details

• Gross proceeds increased from C$10 million to C$17 million.
• Offering price: C$0.80 per common share.
• Shares issued: 21.25 million common shares.
• Overallotment option: Up to 2.5 million additional shares at C$0.80/share, providing up to C$2 million in additional gross proceeds.
• Underwriter: Red Cloud Securities Inc. (lead underwriter and sole bookrunner) on behalf of a syndicate.
• Use of proceeds: Exploration and advancement of the 100%-owned El Quevar project in Salta, Argentina, plus working capital and general corporate purposes.
• Underwriter commission: 6.0% of gross proceeds paid in cash upon closing.
• Underwriter warrants: Exercisable for 24 months post-closing, equal to 6.0% of the number of offered shares sold, with an exercise price equal to the offering price (C$0.80).
• Closing date: On or about January 22, 2026, subject to regulatory approvals including TSX Venture Exchange.
• Regulatory framework: Offered under the listed issuer financing exemption (NI 45-106, Part 5A) for Canadian residents (except Quebec); shares expected to be immediately freely tradeable.
• El Quevar Project (Yaxtche Deposit): Indicated mineral resource of 45.3 million ounces of silver from 2.93 million tonnes grading 482 g/t Ag; Inferred resource of 4.1 million ounces from 0.31 million tonnes grading 417 g/t Ag.
• Project Infrastructure: 57,000-hectare property with <3% comprehensive exploration coverage, featuring 60+ km of internal roads, a fully operational 100-worker camp, nearby rail/gas pipeline, and a high-voltage transmission line ~20 km away.