First Andes Silver Engages ICP Securities Inc. for Automated Market Making Services

Core Viewpoint - First Andes Silver Ltd. has engaged ICP Securities Inc. for automated market making services to enhance liquidity and manage share supply and demand [1][3]. Group 1: Agreement Details - The agreement with ICP is effective from August 22, 2025, for an initial term of four months, automatically renewing for one-month terms unless terminated with a 30-day notice [2]. - ICP will receive a monthly fee of C$7,500, plus applicable taxes, with no performance factors or stock options involved [2]. Group 2: Market Making Role - ICP's market making will address temporary imbalances in the supply and demand of First Andes' shares, with ICP bearing the costs of buying and selling shares [3]. Group 3: Company Overview - First Andes Silver Ltd. holds a 100% interest in the Santas Gloria silver property, located 100 km east of Lima, Peru, which has significant exploration potential [5]. - The Santas Gloria property features over 12 km of mapped multiphase veins and has not been historically drilled or explored with modern techniques prior to 2024 [5]. - The company's maiden diamond drill program reported high-grade silver grades across all drilled vein systems, indicating a strong silver endowment and necessitating follow-up drilling in 2025 [5]. Group 4: About ICP Securities Inc. - ICP Securities Inc. is a Toronto-based CIRO dealer-member specializing in automated market making and liquidity provision, utilizing its proprietary algorithm, ICP Premium™ [4]. - Established in 2023, ICP focuses on market structure, execution, and trading, providing high-quality liquidity and execution services to public issuers and institutional investors [4].