Pantera Silver Announces Warrant Exercise for $2,260,866

Pantera Silver Corp. announced the exercise of 11,304,333 share purchase warrants at an exercise price of $0.20 per share, generating aggregate gross proceeds of $2,260,866.60. The warrants were originally issued during private placement financings in July 2024 and expired in July 2026. Following the exercise, the total common shares issued and outstanding increased to 78,938,222.

The company designated the proceeds for advancing exploration at the Rakanco Silver Project in Bolivia, pursuing potential mineral concession acquisitions, and general working capital. An operational update confirmed the completion of satellite spectral and magnetic surveys, with an Induced Polarization (IP) geophysical program currently underway. Pantera Silver is preparing to advance Rakanco toward its inaugural drill program.

Pantera Silver Corp. (PNTR) completed a warrant exercise that injected $2.26 million into the company, a predictable financing event stemming from warrants issued two years ago with a standard two-year term. The July 2026 expiry and subsequent exercise were fully anticipated by the market. The capital provides necessary liquidity to fund the ongoing IP survey and an upcoming drilling campaign, directly supporting the company's exploration roadmap.

The transaction resulted in the issuance of approximately 11.3 million new shares. While this represents dilution, the low exercise price aligns with the current trading range and does not constitute a severe overhang or distress sale. The news is consistent with previous expectations and management's stated capital allocation strategy. It does not introduce new geological data or unexpected upside, but it removes a near-term liquidity constraint. The event strengthens the balance sheet without altering the fundamental exploration-stage risk profile.

Pantera Silver Corp. is an exploration-stage company focused on silver projects. Its flagship asset is the Rakanco Silver Project, located in the Mejillates and Sabaya Provinces of the Oruro Department, Bolivia. The project covers 17,975 hectares across three concessions: Fahed, Rakan, and Nada.

Geologically, the site is situated in the Carangas district, adjacent to the New Pacific Metals Carangas discovery, which contains 214.9 Mt at 205.3 moz Ag, as well as the historic Todo Santos silver mine. The company is utilizing a multi-dataset approach, including satellite spectral, drone magnetic, and IP surveys, to define drill targets. Pantera Silver previously held the Nuevo Taxco project in Mexico but relinquished it in March 2026 to concentrate resources on Rakanco. Management emphasizes a disciplined, capital-efficient approach to vector toward epithermal silver systems.