Silverco Mining arranges $40-million offering

Executive Summary

• Silverco Mining Ltd. has entered into a $40 million bought deal offering for 3.2 million common shares at $12.50 per share, led by Velocity Capital Partners.
• The company has granted underwriters an option to purchase up to an additional 480,000 shares for up to $6 million in gross proceeds.
• Net proceeds will be utilized for exploration, evaluation, and restart work on the Cusi project, as well as general and administrative expenditures and working capital.

Key Details

• Transaction Structure: Bought deal offering via listed issuer financing exemption (NI 45-106) in Canada (excluding Quebec) and private placement offshore and in the US (exempt from US Securities Act registration).
• Lead Underwriter: Velocity Capital Partners (sole bookrunner).
• Share Price: $12.50 per common share.
• Base Offering Size: 3,200,000 common shares.
• Gross Proceeds (Base): $40,000,000.
• Over-Allotment Option: Option to purchase up to 480,000 additional shares at the issue price.
• Potential Additional Gross Proceeds: Up to $6,000,000.
• Use of Proceeds: Exploration, evaluation, and restart work on the Cusi project; general and administrative expenditures; working capital.
• Closing Date: Expected on or about February 19, 2026, subject to closing conditions including TSX Venture Exchange listing approval.
• Resale Restrictions: Shares issued under the Canadian listed issuer financing exemption are not subject to resale restrictions under applicable Canadian securities laws; US shares are restricted securities.

Notable Quotes

• No direct quotes from management were included in the provided text.