Zacatecas Silver Announces Non-Brokered Private Placement of up to $2,500,000 to Advance Oso Negro Drill Program

Zacatecas Silver Corp. (ZAC) announced a non-brokered private placement of units for gross proceeds of up to $2,500,000 at $0.07 per unit. The company stated that the proceeds will fund the maiden diamond drill program at the Oso Negro project, which is pending SEMARNAT permit approval, as well as continued exploration across its Mexican portfolio and general working capital.

In an exploration update on Oso Negro, the company confirmed that Phase Two rock-chip sampling extended the Prospecto vein strike to over 2.5 km and identified 20 drill pad locations. Previous sampling returned high-grade results, with assays up to 14.8 g/t Au and 2,340 g/t Ag, while geological indicators point to untested high-grade mineralization at depth.

The warrants issued as part of the placement are exercisable at $0.09 for two years, with an acceleration clause if the 20-day VWAP hits $0.18.

Zacatecas Silver Corp. (ZAC) announced a financing round at an issue price of $0.07, a figure slightly below the recent trading range of $0.07 to $0.08, indicating a modest discount to facilitate the placement. This capital raise serves as a routine follow-up to the company’s stated 2026 exploration plans and its history of cash burn, securing necessary funds for near-term operations without introducing genuinely new or unexpected market-moving information.

The Oso Negro exploration update confirms that Zacatecas Silver is progressing toward its maiden drill program, aligning with previous announcements made in June and July 2026. While the financing de-risks the immediate exploration timeline, it adds to the company's already significant dilutive security base. The market impact is expected to be neutral to slightly positive in the short term, as the deal supports the exploration schedule without altering the fundamental risk profile.

Zacatecas Silver Corp. is a precious metals exploration company focused on high-grade silver and gold projects in Mexico. Its flagship Zacatecas Silver Project, located in Zacatecas, Mexico, hosts the Panuco and El Cristo vein systems and holds an inferred resource of 20.5 million ounces of silver equivalent (AgEq).

The company also holds the Esperanza Gold Project in Morelos, Mexico, which contains a Measured & Indicated resource of 1.15 million ounces AuEq. Additionally, Zacatecas Silver has acquired the Heliostar portfolio, comprising the Oso Negro, Cumaro, La Lola, and Ejutla assets in Sonora and Oaxaca. The company is advancing exploration across multiple underexplored, high-grade epithermal targets, with a focus on near-term drilling to expand resources.