Kuya Silver closes $25.5-million private placement

Executive Summary

• Kuya Silver Corp. has closed its previously announced best-effort brokered private placement, raising aggregate gross proceeds of $25.5 million.
• The company sold 25.5 million units at a price of $1.00 per unit, with each unit comprising one common share and one-half of one common share purchase warrant.
• Net proceeds will be utilized for general corporate and working capital purposes, specifically to advance the Bethania project in Peru (including potential acquisition of concentrate processing capacity), continue exploration of the Silver Kings project in Ontario, and for discretionary growth capital.

Key Details

• Gross Proceeds: $25.5 million.
• Units Sold: 25.5 million units.
• Price Per Unit: $1.00.
• Unit Composition: Each unit consists of one common share and one-half of one common share purchase warrant.
• Warrant Terms (Investors):
  • Exercise Price: $1.30 per common share.
  • Expiration Date: January 15, 2029.
  • Hold Period: No statutory hold period (subject to applicable Canadian securities laws).
• Use of Proceeds:
  • General corporate and working capital.
  • Advancement of the Bethania project in Peru, including acquisition/development of concentrate processing capacity (which may include operations or equipment outside the immediate project area).
  • Continued exploration of the Silver Kings project in Ontario.
  • Discretionary growth capital.
• Underwriters/Agents:
  • Co-led by AGP Canada Investments ULC and Integrity Capital Group Inc.
  • AGP/Alliance Global Partners acted as U.S. agent.
• Agent Compensation:
  • Cash Fees: 6% of aggregate gross proceeds.
  • Structuring Fee: 1% of gross proceeds (capped at $150,000).
  • Broker Warrants: Equal to 6% of the aggregate number of units sold.
  • Broker Warrant Terms: Exercisable into one unit at $1.00 until January 15, 2029.
  • Broker Warrant Hold Period: Statutory hold period expiring May 16, 2026.
• Regulatory Basis: Offered pursuant to National Instrument 45-106, CSA Coordinated Blanket Order 45-935, and OSC Rule 72-503.
• Documentation: Amended and restated offering document dated January 7, 2026, available on SEDAR+ and the company website.