Guanajuato Silver Announces Upsize of Bought Deal Public Offering to $43.5 Million

Executive Summary

• Guanajuato Silver Company Ltd. (“GSilver”) has amended its underwriting agreement to increase the size of its bought‑deal offering from C$30 million to C$43.5 million, with an additional underwriter option that could raise gross proceeds to up to C$50.025 million.
• The offering consists of 87 million units at C$0.50 per unit; each unit includes one common share and half of a common‑share purchase warrant (full warrant exercisable at $0.65 for 36 months).
• Net proceeds are earmarked for sustaining and development capital across GSilver’s four operating Mexican mines, as well as working capital and general corporate purposes.

Key Details

• Offering Size: Increased to C$43.5 million (gross) with potential total of C$50.025 million if the underwriter option is fully exercised.
• Units Offered: 87,000,000 units at C$0.50 per unit.
• Unit Composition:
• 1 common share of GSilver
• ½ of a common‑share purchase warrant (full warrant allows purchase of one common share at $0.65).
• Warrant Terms: Exercise price $0.65; exercisable for 36 months after the closing date.
• Underwriter Option: Up to an additional 13,050,000 units on the same terms, exercisable up to and including 30 days post‑closing.
• Closing Date: Expected on or about October 9, 2025, subject to regulatory approvals (including TSXV).
• Use of Proceeds: Funding sustaining and development capital for four operating mines in Mexico, plus working capital and general corporate purposes.
• Distribution Method: Offered via a prospectus supplement to the short‑form base shelf prospectus dated August 21, 2024; available to investors in Canadian provinces/territories (excluding Québec) and potentially via private placement in the U.S. and other jurisdictions as agreed.

Notable Quotes

“James Anderson – Chairman and CEO”

(No direct quote text provided in the release.)