Zacatecas Silver Closes the First Tranche of Non-Brokered Private Placement

Zacatecas Silver Corp. has closed the first tranche of its previously announced non-brokered private placement, raising gross proceeds of approximately $1.48 million. The company issued over 21 million units at a price of $0.07 per unit. Each unit includes one common share and one warrant exercisable at $0.09 for two years, with an acceleration clause if the 20-day VWAP reaches $0.18. A four-month-and-one-day hold period applies to all securities.

The proceeds are designated for the maiden drill program at the Oso Negro project in Sonora, Mexico, continued exploration across its six-project Mexican portfolio, and general working capital. This financing follows the completion of Phase Two rock-chip sampling at Oso Negro, which identified high-grade gold and silver intercepts and defined 20 drill pad locations.

Zacatecas Silver Corp. (ZAC) closed the first tranche of its financing, an expected follow-up to the July 14, 2026 announcement of a $2.5 million capital raise. The transaction provides necessary liquidity to advance the Oso Negro maiden drill program, a key catalyst for the company. The financing involves issuing approximately 21 million shares and warrants at $0.07 per unit. This dilutive structure is standard for exploration-stage companies and aligns with prior capital raises. No new strategic partnerships or unexpected upside were disclosed, as the transaction represents the routine execution of a previously announced plan.

Zacatecas Silver Corp. is an exploration-stage company focused on precious metals in Mexico. Its flagship Zacatecas Silver Project, located in the historic Fresnillo silver belt, includes the Panuco and El Cristo targets and holds an inferred resource of 20.5 million ounces AgEq. The company also holds the Esperanza Gold Project, an advanced, open-pittable oxide heap-leach project in Morelos with a M&I resource of 1.15 million ounces AuEq. Development at Esperanza is currently paused due to Mexican regulatory opposition to open-pit mining.

The company recently expanded its portfolio by entering a definitive option agreement to acquire four exploration properties—Oso Negro, Cumaro, La Lola, and Ejutla—from Heliostar Metals. This transaction significantly expands Zacatecas Silver’s land package in Sonora and Oaxaca. Oso Negro is an undrilled, high-grade low sulphidation epithermal system. Recent surface sampling returned up to 14.8 g/t Au and 2,340 g/t Ag, with geological indicators pointing to untested high-grade mineralization at depth.