Guanajuato Silver Announces Closing of Bought Deal Public Offering for Gross Proceeds of C$43.5 Million

Executive Summary

• Guanajuato Silver Company Ltd. closed a bought‑deal public offering of 87 million units at C$0.50 per unit, raising gross proceeds of C$43.5 million.
• The net proceeds are earmarked for sustaining and development capital across the company’s four operating Mexican mines, as well as working capital and general corporate purposes.
• An underwriter option allows up to an additional 13.05 million units to be sold, potentially increasing total gross proceeds to C$50.025 million if fully exercised.

Key Details

• Offering Size & Price: 87,000,000 Units at C$0.50 per Unit → Gross proceeds of C$43,500,000.
• Unit Composition: Each Unit = 1 common share + ½ common‑share purchase warrant (full warrant allows purchase of one common share at C$0.65).
• Warrant Expiry: Warrants exercisable until 5:00 p.m. Vancouver time on 9 Oct 2028.
• Use of Proceeds: Funding sustaining and development capital for four operating mines (El Cubo, Valenciana Mines Complex, San Ignacio, Topia), working capital, and general corporate purposes.
• Underwriters: Canaccord Genuity Corp. and Red Cloud Securities Inc., acting as co‑lead underwriters and joint bookrunners.
• Underwriter Option: Up to 13,050,000 additional Units may be purchased on the same terms; option exercisable until 8 Nov 2025. Potential maximum gross proceeds with full exercise: C$50,025,000.
• Commission & Broker Warrants: Underwriters received cash commission of C$2,595,000 and were each issued 2,587,500 non‑transferable broker warrants (price C$0.50, exercisable until 9 Oct 2028).
• Regulatory Notices: Offering conducted via prospectus supplement dated 3 Oct 2025 to the short‑form base shelf prospectus (dated 21 Aug 2024); private placement also made in the United States. No new insiders or control persons created.

Notable Quotes

• “James Anderson, Chairman and CEO,” – signatory on behalf of the Board of Directors.