Silver Tiger Announces Filing of a PEA for the Underground and an Updated Pre-Feasibility Study Technical Report for the El Tigre Silver-Gold Project
Silver Tiger Files Technical Reports for El Tigre, Marking Administrative Step After Game-Changing Economics
The news release dated January 23, 2026, announces the filing on SEDAR of the Preliminary Economic Assessment (PEA) for the underground zones and the updated Pre-Feasibility Study (PFS) for the Stockwork Zone at the El Tigre Project. This is the formal filing of the technical reports for the economics released on January 20, 2026. The release also includes a grant of 2.64 million stock options (exercise price $1.22) and 2.625 million Restricted Share Units (RSUs) to directors, officers, employees, and consultants, vesting over three years. Finally, it notes the company's attendance at upcoming investment conferences and its inclusion in the 2026 OTCQX Best 50 ranking.
The news is routine and administrative in nature. The material project economics (PEA NPV of $304M, PFS NPV of $456M) were disclosed and analyzed in the prior January 20, 2026 release, which was a material game-changer. This follow-up release formalizes that disclosure through regulatory filing. The option and RSU grant is a standard corporate governance action, though it introduces potential dilution of approximately 1.1% of the estimated outstanding shares. The marketing and award components are non-material. Overall, this release does not alter the fundamental investment thesis or provide new material information.
Silver Tiger Metals Inc. is a Canadian exploration and development company focused on advancing its 100%-owned El Tigre Silver-Gold Project in Sonora, Mexico. The project is located in the historic El Tigre mining district, which historically produced over 353k oz gold and 67.4M oz silver. The company's strategy has been to define both a bulk-tonnage open-pit resource (the "Stockwork Zone") and high-grade underground vein targets. The recently filed PFS outlines a 10-year open-pit mine plan, while the PEA models a 15-year underground operation. The two projects are considered complementary and potentially sequential.