Santacruz Silver applies for Nasdaq listing

Executive Summary

• Santacruz Silver Mining Ltd. has applied to list its common shares on the Nasdaq Capital Market, a move the company describes as a significant milestone for growth, transparency, and liquidity.
• The company will hold its 2025 Annual General & Special Meeting (AGSM) on November 25, 2025, to seek shareholder approval for a common share consolidation.
• The consolidation is intended to meet Nasdaq’s initial listing requirements, specifically the minimum bid price of $4.00 USD per share, with a proposed ratio of 1-for-up-to-10.

Key Details

• Listing Application: The company has applied to list common shares on the Nasdaq Capital Market.
• Shareholder Meeting: The 2025 Annual General & Special Meeting (AGSM) will be held in person on Tuesday, November 25, 2025, at 10 a.m. Pacific Standard Time, at 1111 West Hastings St., Vancouver, B.C.
• Share Consolidation Proposal: Shareholders are asked to approve a consolidation of common shares to meet Nasdaq’s minimum bid price requirement of $4.00 USD.
• Consolidation Ratio: The proposed ratio is 1-for-up-to-10. The actual ratio will be determined by the Board of Directors following the AGSM.
• Estimated Impact on Share Count:
  • Current issued and outstanding shares (as of AGSM record date): 365,384,489.
  • If a 1:10 ratio is applied: Approximately 36,538,448 shares would be issued and outstanding.
  • If a 1:4 ratio is applied: Approximately 91,346,122 shares would be issued and outstanding.
  • Management expects the actual ratio to be equal to or less than 1:4 based on recent trading history.
• Regulatory Approval: The consolidation is subject to approval by the TSX Venture Exchange.
• Documentation: Notice of meeting, management information circular, and proxy forms have been mailed to shareholders and are available on the company’s website and SEDAR+.

Notable Quotes

• "Our intention to list on the Nasdaq represents a significant milestone in Santacruz's growth strategy. It also demonstrates our commitment to increasing transparency and liquidity, expanding our shareholder base, and enhancing Santacruz's visibility within the U.S. capital markets." — Arturo Prestamo, Executive Chairman and CEO
• "We believe that pursing this listing will strengthen our position as a leading silver producer and provide our shareholders with greater access to the value we are creating across our portfolio." — Arturo Prestamo, Executive Chairman and CEO