Silverco Announces $40 Million "Bought Deal" Offering

Executive Summary

• Silverco Mining Ltd. entered into a bought‑deal financing with Velocity Capital Partners and a syndicate of underwriters for up to 3,200,000 common shares at $12.50 per share, targeting gross proceeds of $40 million.
• The underwriters received an option to purchase an additional 480,000 shares (up to $6 million) exercisable up to 48 hours before closing.
• Net proceeds will be allocated to exploration and restart work on the Cusi Project in Mexico, as well as general corporate purposes and working capital.

Key Details

• Offered Shares: 3,200,000 common shares of Silverco Mining Ltd.
• Issue Price: $12.50 per share.
• Gross Proceeds: $40 million (subject to closing conditions).
• Underwriter Option: Up‑to 480,000 additional shares at the same price, providing potential extra gross proceeds of $6 million; option exercisable up to 48 hours before the Closing Date.
• Lead Underwriter / Bookrunner: Velocity Capital Partners (sole bookrunner) with a syndicate of underwriters.
• Offering Structure: Bought‑deal private placement relying on the NI 45‑106 “listed issuer financing exemption” for Canadian provinces/territories (excluding Québec); may also be offered privately in offshore jurisdictions and the United States under applicable exemptions.
• Closing Date: Expected on or about 2026‑02‑19, subject to receipt of all required approvals, including conditional listing approval from the TSX Venture Exchange (TSXV) and securities regulators.
• Use of Proceeds:
• Exploration, evaluation, and restart work on the Cusi Project (Mexico).
• General and administrative expenses.
• Working capital.
• Resale Restrictions: Shares issued under the exemption will not be subject to Canadian resale restrictions; however, they will be “restricted securities” under U.S. law.
• Regulatory Conditions: Closing contingent upon TSXV conditional listing approval and other regulatory approvals; offering not registered in the United States.

Notable Quotes

• “The financing provides us with the capital needed to advance our flagship Cusi Project and strengthen our balance sheet as we pursue growth opportunities,” – Mark Ayranto, President & CEO of Silverco Mining Ltd.