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Financings

Silver Tiger closes $40-million bought deal

By The Northwire Desk — AI Analysis Nov 26, 2025 · 18:09 SLVR · 0.74 Silver Tiger Metals Inc.
SLVR · Price

Executive Summary

  • Silver Tiger Metals Inc. has closed a bought deal financing raising approximately C$40,004,000 through the sale of 54.8 million common shares.
  • The shares were sold at a price of 73 cents per share to a syndicate of underwriters led by BMO Capital Markets and Stifel Nicolaus Canada Inc.
  • Proceeds will be used to finance 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 offering of common shares.
  • Shares Sold: 54.8 million common shares.
  • Price Per Share: C$0.73.
  • Gross Proceeds: Approximately C$40,004,000.
  • Underwriters: Joint bookrunners were BMO Capital Markets and Stifel Nicolaus Canada Inc.; other participants included Canaccord Genuity Corp., Desjardins Securities Inc., and Ventum Financial Corp.
  • Underwriter Commission: 5.5% cash commission on gross proceeds.
  • Use of Proceeds: Exploration and development expenditures at the El Tigre project (Mexico), working capital, and general corporate purposes.
  • Regulatory Status: Completed via short form prospectus in all Canadian provinces except Quebec and outside Canada.
  • Project Context (El Tigre):
    • 100%-owned, 28,414-hectare historic mining district in Sonora, Mexico.
    • Drilled over 150,000 metres total (119,000m since 2020).
    • Maiden MRE in 2017; MRE updates in 2023 and 2024.
    • Preliminary Economic Assessment (PEA) released November 2023.
    • Preliminary Feasibility Study (PFS) released October 2024.
    • PFS Economics (5% discount rate): After-tax NPV of $222 million USD, After-tax IRR of 40.0%, Payback period of 2.0 years.
    • Mine Life: 10 years.
    • Life of Mine Undiscounted After-Tax Cash Flow: $318 million USD.
    • Initial Capital Costs: $86.8 million USD (including $9.3 million USD contingency).
    • Operating Cash Costs: $973 USD/oz AuEq and $12 USD/oz AgEq.
    • AISC: $1,214 USD/oz AuEq and $14 USD/oz AgEq.
    • Price Assumptions: $26 USD/oz Silver and $2,150 USD/oz Gold.

Notable Quotes

  • No direct quotes from the CEO or President were included in the provided text.
Read the original news release →

More from Silver Tiger Metals Inc.

Oct 20, 2026 · 07:00

Silver Tiger’s El Tigre project remains on schedule and fully funded with capital expenditure capped at US$124 million.

Production / Operations Oct 13, 2026 · 09:18

Silver Tiger raised C$100m to fund construction of the El Tigre project.

Financings Oct 08, 2026 · 14:34

Silver Tiger’s dilutive $87 million bought deal at $1.00 underscores cost overruns at its El Tigre project.

Financings Sep 21, 2026 · 16:05

Silver Tiger secures C$87M to fund the El Tigre project, marking a 42% increase in capital expenditure for the development.

Financings Sep 14, 2026 · 07:00

Silver Tiger joins GDXJ as the El Tigre project targets its first pour in December 2027.

Production / Operations Sep 11, 2026 · 07:00

Silver Tiger extends El Tigre 700 m north with near-surface Caleigh bonanza and broad northern stockwork.

Drill Results