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

Core Viewpoint - Guanajuato Silver Company Ltd. has increased its public offering from C$30 million to C$43.5 million due to strong investor demand, with the potential for total gross proceeds to reach C$50.025 million if the Underwriter Option is fully exercised [1][3]. Group 1: Offering Details - The Upsized Offering will consist of 87,000,000 units priced at C$0.50 per unit, each unit comprising one common share and one-half of a common share purchase warrant [1][2]. - Each warrant allows the holder to acquire one common share at a price of C$0.65 for a period of 36 months following the closing date [2]. - The Underwriters have an option to purchase an additional 13,050,000 units under the same terms, exercisable within 30 days after the closing date [3]. Group 2: Use of Proceeds - The net proceeds from the Upsized Offering will be allocated for sustaining and development capital for the company's four operating mines in Mexico, as well as for working capital and general corporate purposes [4]. Group 3: Regulatory and Closing Information - The Upsized Offering is expected to close on or about October 9, 2025, pending necessary regulatory approvals, including from the TSX Venture Exchange [6]. - The offering will be made through a prospectus supplement to the company's base shelf prospectus, accessible on SEDAR+ [5][7]. Group 4: Company Overview - Guanajuato Silver is engaged in reactivating past producing silver and gold mines in central Mexico, operating four mines and three processing facilities, making it one of the fastest-growing silver producers in the region [9].