Capitan Silver to receive $6M investment from Schroders

Executive Summary

• Capitan Silver Corp. has entered into a subscription agreement for a non-brokered private placement with Schroders Investment Management Ltd. (via the Schroders ISF Global Gold Fund) to raise approximately $6 million.
• The transaction involves the issuance of 2,955,665 common shares at $2.03 per share, bringing the company's combined equity raise from this recent period to approximately $29 million when including a previously closed $23 million bought deal offering.
• Net proceeds will be used for exploration at the Cruz de Plata silver-gold project, working capital, and general corporate purposes, with an expected closing in the first week of January 2026.

Key Details

• Investor: Schroders Investment Management Ltd. (Schroders ISF Global Gold Fund).
• Transaction Type: Non-brokered private placement.
• Shares Issued: 2,955,665 common shares.
• Price Per Share: $2.03.
• Gross Proceeds: $5,999,999.95 (approximately $6 million).
• Combined Financing Context: This private placement, combined with a recently closed $23 million bought deal offering (announced Dec. 17, 2025), results in a total equity raise of approximately $29 million.
• Total Shares Issued (Combined): 14,288,915 common shares at an issuer price of $2.03 per share.
• Use of Proceeds: Financing exploration activities at the Cruz de Plata silver-gold project, working capital, and general corporate purposes.
• Closing Conditions: Expected to close the first week of January 2026; subject to necessary approvals, including conditional acceptance of the TSX Venture Exchange.
• Share Restrictions: Common shares issued are subject to a four-month statutory hold period in Canada.
• Finder’s Fees: Certain arm's-length parties may receive a cash finder's fee payment in connection with the private placement.

Notable Quotes

• Alberto Orozco, CEO: "The investment by Schroders, a leading global active asset management firm with a strong history of investing in the precious metals sector, represents a strong validation of our Cruz de Plata silver-gold project and our long-term growth strategy. The endorsement from an institution of Schroders' distinction will, we expect, continue to broaden our institutional shareholder base while enhancing our profile in the capital markets."