Silver Tiger Provides Construction Update for the El Tigre Project

Silver Tiger Metals Inc. (SLVR) issued a construction update on July 8, 2026, regarding its 100%-owned El Tigre silver-gold project in Sonora, Mexico. The company reports that construction is on schedule to commission operations and pour first metal in December 2027.

The on-site team has expanded to 166 personnel, logging 100,000 man-hours, with land clearing 60% complete. Long-lead items, including the crusher, conveyor/stacker, Merrill-Crowe plant, and refinery, have been procured. A major earthworks contract for the heap-leach, ponds, and crusher platforms has been awarded and commenced.

Infrastructure progress includes the awarding of a road improvement contract for the 46 km route from Colonia Morelos, which is 25% complete with engineering finished. Additionally, grid electrical power access has been granted by CFE.

Exploration drilling has shifted to high-potential vein systems north of the main El Tigre area, aligning with the “El Tigre North Mine Design” outlined in the January 2026 PEA. The release contains no updated economic figures, resource estimates, or financing details.

Silver Tiger Metals Inc. (SLVR) issued a routine follow-up to the construction decision and EPCM contract announced in March 2026, confirming that long-lead equipment has been ordered and earthworks are underway. The company secured all permits in November 2025 and signed the EPCM contract in March 2026, holding ample cash of US$86 million as of March 2026.

The update reflects the PEA’s expansion thesis, with an exploration shift to the Northern Veins that was telegraphed in the March release. Actual drilling results from this shift are still pending. The company reported no first-time strategic investment, no M&A activity, and no material outperformance relative to prior guidance.

Silver Tiger Metals Inc. (SLVR) is a development-stage junior miner focused on the 28,414-hectare El Tigre district in northeastern Sonora, Mexico. The property is 100% owned and carries no known royalties. It contains two distinct projects that together form a district-scale opportunity.

The Stockwork Zone, designed for open-pit heap-leaching, is currently under construction. A Pre-Feasibility Study dated June 2025, updated in January 2026, outlines a 10-year mine life producing 43 million payable AgEq ounces. At base-case metals ($38/oz Ag, $3,200/oz Au), the project projects an after-tax NPV (5%) of US$456 million with an IRR of 65.7% and a 1.4-year payback. Initial capex is US$86.8 million. All necessary environmental permits (SEMARNAT) were granted in November 2025.

A January 2026 PEA for the high-grade underground veins (El Tigre, Sulphide, Black Shale, Seitz Kelly) shows a 15-year mine life, an after-tax NPV (5%) of US$304 million, and an IRR of 42.8% at the same metal prices. The underground plan does not yet include Northern Vein resources, leaving substantial exploration upside.

The company graduated from the TSX Venture Exchange to the TSX on May 21, 2026 (ticker SLVR).