Silver Tiger arranges $40-million bought deal offering

Executive Summary

• Silver Tiger Metals Inc. has entered into a bought deal financing agreement to raise approximately $40 million through the issuance of common shares.
• The offering includes an over-allotment option allowing for an additional $6 million in gross proceeds if fully exercised.
• Net proceeds will be utilized for exploration and development at the El Tigre project in Mexico, as well as for working capital and general corporate purposes.

Key Details

• Transaction Structure: Bought deal financing via a short form prospectus in Canada (except Quebec) and private placement (Rule 144A) in the U.S.
• Underwriters: Stifel Canada and BMO Capital Markets, on their own behalf and on behalf of a syndicate.
• Share Quantity: 34,189,000 common shares.
• Price: $1.17 per common share.
• Gross Proceeds (Base): Approximately $40,001,130.
• Over-Allotment Option: Underwriters have an option to purchase up to an additional 15% of the offering (approx. 5,128,350 shares) exercisable within 30 days of closing.
• Gross Proceeds (With Over-Allotment): Approximately $46 million.
• Use of Proceeds: Exploration and development expenditures at the El Tigre project in Mexico, working capital, and general corporate purposes.
• Commission: 5.50% of gross proceeds paid to underwriters.
• Closing Date: Scheduled on or about Feb. 18, 2026.
• Conditions: Subject to approvals from the TSX Venture Exchange and securities regulatory authorities.