Guanajuato Silver closes $43.5-million bought deal

Mr. James Anderson reports GUANAJUATO SILVER ANNOUNCES CLOSING OF BOUGHT DEAL PUBLIC OFFERING FOR GROSS PROCEEDS OF C$43.5 MILLION Guanajuato Silver Company Ltd. has closed its previously announced bought deal public offering of 87 million units of the company at a price of 50 cents per unit for gross proceeds of $43.5-million. The offering was conducted by Canaccord Genuity Corp. and Red Cloud Securities Inc., as co-lead underwriters and joint bookrunners. Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to acquire one common share of the company at a price of 65 cents at any time before 5 p.m. (Vancouver time) on Oct. 9, 2028. The net proceeds of the offering will be used for sustaining and development capital for the company's four operating mines in Mexico, working capital and general corporate purposes. The units were offered by way of a prospectus supplement dated Oct. 3, 2025, to the company's short form base shelf prospectus dated Aug. 21, 2024, to purchasers in each of the provinces and territories of Canada (other than Quebec) and were also offered by way of private placement in the United States. In connection with the offering, the company has granted the underwriters an option to purchase, on the same terms and conditions of the offering, up to an additional 13.05 million units issued in connection with the offering. The underwriter option is exercisable, in whole or in part, by the underwriters at any time until and including Nov. 8, 2025. The maximum gross proceeds raised under the offering would be $50,025,000 in the event the underwriter option is fully exercised. No new insiders, or control persons, were created as a result of the offering. In consideration for their services in connection with the offering, the underwriters received a total cash commission of $2,595,000 and were each issued 2,587,500 non-transferable warrants of the company. Each broker warrant entitles the holder thereof to purchase one common share at a price of 50 cents at any time before 5 p.m. (Vancouver time) on Oct. 9, 2028. About Guanajuato Silver Company Ltd. GSilver is a precious metals producer engaged in reactivating past producing silver and gold mines in central Mexico. The company produces silver and gold concentrates from the El Cubo mine, Valenciana mines complex and the San Ignacio mine; all three mines are located within the state of Guanajuato, which has an established 480-year mining history. Additionally, the company produces silver, gold, lead and zinc concentrates from the Topia mine in northwestern Durango. With four operating mines and three processing facilities, Guanajuato Silver is one of the fastest-growing silver producers in Mexico. We seek Safe Harbor.