Kuya Silver arranges $15-million private placement

Executive Summary

• Kuya Silver Corp. announced a best efforts brokered private placement for up to $15 million in gross proceeds, structured under the Listed Issuer Financing (LIFE) exemption.
• The offering consists of units priced at $1.00 each, with each unit comprising one common share and one-half of a common share purchase warrant.
• Net proceeds are designated for general corporate and working capital, specifically to advance the Bethania project in Peru by acquiring or developing concentrate processing capacity, explore the Silver Kings project in Ontario, and for discretionary growth capital.

Key Details

• Offering Size: Up to 15 million units for aggregate gross proceeds of up to $15 million.
• Price: $1.00 per unit.
• Underwriters/Agents: Co-led by A.G.P. Canada Investments ULC and Integrity Capital Group Inc.
• Unit Composition: Each unit consists of one common share and one-half of one common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to acquire one additional common share at an exercise price of $1.30 per share.
• Warrant Expiry: 36 months from the date of issuance.
• Hold Period: Units are not subject to any statutory hold period under applicable Canadian securities laws.
• Use of Proceeds:
  • General corporate and working capital purposes.
  • Advance the Bethania project in Peru, specifically for the acquisition and/or development of concentrate processing capacity (including potential acquisition of processing operations or equipment located outside the immediate project area).
  • Continue exploration of the Silver Kings project in Ontario.
  • Discretionary growth capital.
• Closing Schedule:
  • First tranche expected to close on or before January 22, 2026.
  • Final closing to occur within 45 days of the date of the release.
• Regulatory Conditions: Subject to receipt of all necessary approvals, including approval from the Canadian Securities Exchange.
• Jurisdiction: Available to purchasers resident in Canada (except Quebec) and other jurisdictions in compliance with applicable securities laws.

Notable Quotes

• "Given the stronger market conditions, Kuya Silver is in a unique position in the short term to vertically integrate our production capabilities. Our immediate focus is to transition from toll milling to self-processing of silver concentrate, further derisking our production ramp-up and laying the foundation for future production growth." — David Stein, President and CEO