/THIS NEWS RELEASE IS FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
All dollar amounts are stated in Canadian dollars unless otherwise indicated.
HALIFAX, NS, January 28, 2026 /CNW/ – Silver Tiger Metals Inc. (TSXV: SLVR) (OTCQX: SLVTF) (the “Company” or “Silver Tiger”) is pleased to announce that, due to strong investor demand, it has entered into an amended agreement with Stifel Canada and BMO Capital Markets, on their own behalf and on behalf of a syndicate of underwriters (the “Underwriters”), pursuant to which the Underwriters have now agreed to purchase, on a bought deal basis, 42,736,000 common shares of the Company (“Common Shares”) at a price of CAD$1.17 per Common Share (the “Offering Price”) for gross proceeds of CAD$50,001,120 (the “Offering”).
The Company has granted the Underwriters an option, exercisable in whole or in part at any time until and including 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering. If this option is exercised in full, additional gross proceeds of CAD$7,500,168 will be raised pursuant to the Offering, for total gross proceeds of approximately CAD$57,500,000 from the Offering.
The Company plans to use the net proceeds from the Offering to fund exploration and development expenditures on the Company’s El Tigre Project in Mexico, as well as for working capital and general corporate purposes. The Common Shares will be offered by way of a short form prospectus to be filed in all provinces of Canada, except Québec. The Common Shares will also be sold to U.S. purchasers on a private placement basis pursuant to an exemption from the registration requirements in Rule 144A of the United States Securities Act of 1933, as amended, and in such other jurisdictions outside of Canada, as do not require the filing of a prospectus or similar obligation.
The Offering is expected to close on or about February 18, 2026 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange and securities regulatory authorities.
The Company will pay the Underwriters a cash commission equal to 5.50% of the gross proceeds of the Offering.
The preliminary short form prospectus and the final short form prospectus will be available on SEDAR+ at www.sedarplus.ca. Alternatively, the preliminary prospectus and the final short form prospectus may be obtained upon request from the Company or from Stifel in Canada at ProspectusCanada@stifel.com.
This press release does not constitute an offer to sell or a solicitation of purchase, nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities being offered have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”), and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act and applicable state securities laws.
About Silver Tiger
Silver Tiger Metals Inc. is a Canadian company managed by a team with over 25 years of experience in exploration, finance, and development of major hydrothermal silver projects in Mexico. Silver Tiger’s 100% owned 28,414-hectare historic El Tigre Mining District is located in Sonora, Mexico. Principled environmental, social and governance practices are core priorities at Silver Tiger. The El Tigre historic mining district is located in Sonora, Mexico, at the northern end of the Sierra Madre silver and gold belt that hosts many epithermal silver and gold deposits, including Dolores, Santa Elena and Las Chispas at the northern end.
RISK WARNING:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains certain “forward-looking statements”. All statements in this press release, other than statements of historical fact, including, without limitation, statements regarding the use of proceeds from the Offering, the closing of the Offering and the approval of the TSX Venture Exchange, and Silver Tiger’s future plans and objectives, are forward-looking statements that involve various risks and uncertainties. Forward-looking statements are frequently characterized by words such as “may”, “will expect”, “anticipate”, “estimate”, “intend”, “plan”, “forecast”, “could”, “vision”, “goals”, “objective” and “outlook” and other similar words. Although Silver Tiger believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, there can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Silver Tiger’s expectations include, among others, risks and uncertainties relating to exploration, development, operations, commodity prices and global financial volatility, risks and uncertainties relating to operating in a foreign jurisdiction and additional risks described from time to time in Silver Tiger’s filings with the securities regulatory authorities.
SOURCE Silver Tiger Metals Inc.
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